Disney’s Q2 FY23 Earnings Results Webcast

[Slpy3270]

Bob said explicitly that they'd be pulling content from D+ and Hulu.

I know that. I'm just saying that they had likely planned that for months. You don't just make a deal like that if you weren't planning a shakeup of Disney+ and Hulu's offerings (especially given Disney's notoriety of being home video-averse outside movies).

 

[LSLS]

The problem is as ghost said above…it’s too late for Disney to do anything in Orlando to block that Comcast move.

Time is past.

I know we all go there and have fun - even me - but Iger Inc’s strategies in Florida have been ticking for going on 20 years.

He never “got it”

This. And this is why I never bought into all the hype around the $17 billion number. Disney needed to announce things at least last year if they were doing something major to counter Epic Universe. The fact they scaled BACK tells me they won't do anything major to counter it. Iger's mystique is really falling off fast (remember when cast members were cheering for him in the streets and we heard how all is fixed at Disney when Chapek got canned?).

 

[TP2000]

I feel like a few folks here in the NYC area should get in the car ASAP, drive down to the stock exchange right after lunch and yell....

"You guys, most of the 4 million were in India and were only paying 60 cents a month!
They're just mad about cricket, or soccer, or something!"

 

[monothingie]

I feel like a few folks here in the NYC area should get in the car ASAP, drive down to the stock exchange right after lunch and yell....

"You guys, most of the 4 million were in India and were only paying 60 cents a month!
They're just mad about cricket, or soccer, or something!"

View attachment 715681

On My Way!

 

[MisterPenguin]

I still don't get how streaming pencils out for any studio, legacy or new.

It's working for Netflix.

So...

 

[CaptainAmerica]

I feel like a few folks here in the NYC area should get in the car ASAP, drive down to the stock exchange right after lunch and yell....

"You guys, most of the 4 million were in India and were only paying 60 cents a month!
They're just mad about cricket, or soccer, or something!"

View attachment 715681

The amount of economic destruction brought about by the invention of the DVR cannot be overstated.

 

[Sirwalterraleigh]

This. And this is why I never bought into all the hype around the $17 billion number. Disney needed to announce things at least last year if they were doing something major to counter Epic Universe. The fact they scaled BACK tells me they won't do anything major to counter it. Iger's mystique is really falling off fast (remember when cast members were cheering for him in the streets and we heard how all is fixed at Disney when Chapek got canned?).

Canning chapek made sense
Bringing in Iger back over the weekend made sense

Not having a successor named by now makes no sense

Chapek is iger’s fault. 101%. He kept him there while he did his own publicity and then dumped it on him when he got scared and ran like a coward.
Sorry, Bob…you don’t get to say how it goes now. You made it…lay in it

 

[Sirwalterraleigh]

It's working for Netflix.

So...

It took 20 years and that’s their only business.

The idiot bobs smirked they’d be making ridiculous cash like next year?

Comcast sells overpriced internet.

The problem with a “content” company is it’s all you got.
…and parks you only want to build timeshares at…nothing actually covered by a ticket

 

[MisterPenguin]

Huh?

The decrease at Walt Disney World Resort was due to higher costs, partially offset by increased volumes. Higher costs reflected cost inflation, increased expenses associated with new guest offerings and higher depreciation. ​

The comment on the call was WDW was down and offset by Disneyland. It’s expected WDW may be soft the rest of the year. We’ve already seen plenty of discounts we haven’t seen in the past couple years. I do think it’s a mix of things contributing but I also don’t think Tron itself is getting people to book trips.

Again... huh?

The CFO said in a quarterly call (in which there could be consequences for not telling the truth) that WDW increased in volume (the number of people attending).

I really don't care what The Laughing Place's assessment is. They're not the CFO.

What was down was overall profit due to increased costs.

We're into the 3Q, and if attendance is 'soft' now then it's 'soft,' maybe. But the 2Q (Jan, Feb, Mar) was not soft.

 

[TP2000]

…and parks you only want to build timeshares at…nothing actually covered by a ticket

That's a brilliant line! So perfectly true.

 

[monothingie]

It's working for Netflix.

So...

The golden age of streaming will never end!

 

[LSLS]

Canning chapek made sense
Being in Iger back over the weekend made sense

Not having a successor made by now makes no sense

Chapek is iger’s fault. 101%. He kept him there while he did his own publicity and then dumped it on him when he got scared and ran like a coward.
Sorry, Bob…you don’t get to say how it goes now. You made it…lay in it

I don't disagree it made sense, I'm just laughing at how everything was supposed to change, and the stock price would skyrocket to record highs because of it. BUT, as you said, Chapek was on Iger, and Iger is the one that led the campaign to oust Chapek when he thought things were prime to turn around.

 

[Sirwalterraleigh]

The parks have been ghost towns since 4/15.

But let’s call Bob and get some spin, huh?

Or maybe tight pants is serving popcorn to save some CP outlays?

 

[monothingie]

The parks have been ghost towns since 4/15.

But let’s call Bob and get done spin, huh?

Or maybe tight pants is serving popcorn to save some CP outlays?

If you want to know everything wrong with WDW just look at the SW Hotel and what they’re doing there.

 

[MisterPenguin]

does anyone have an audio clip of this? I missed the call

Audio recording:

https://edge.media-server.com/mmc/p/rfqp9dh5

Spreadsheet of Streaming stats:

https://thewaltdisneycompany.com/app/uploads/2023/05/Supplemental-Information-for-Direct-to-Consumer-05-10-23.xlsx

 

[Sirwalterraleigh]

The golden age of streaming will never end!

In some cartoon headquarters buildings it hasn’t even begun

 

[Tha Realest]

DIS is down 8.25% as of now, and Netflix is up .75% as of this writing. Comcast up. Amazon up.

One of these things is not like the others.

 

[Sirwalterraleigh]

If you want to know everything wrong with WDW just look at the SW Hotel and what they’re doing there.

I’ve been assured it’s awesome…there’s a line out front next to the ashtray and the dumpsters…and they’re shutting it down for half the rest of the year cause they REALLY were due for a rehab

Don’t even suggest you can put a price on that “experience”

…you dirty pleb

 

[Sirwalterraleigh]

DIS is down 8.25% as of now, and Netflix is up .75% as of this writing. Comcast up. Amazon up.

One of these things is not like the others.

It’s there a LEVER?!?

Halt trading!! Pull it, Bob!!

 

[Disgruntled Walt]

It’s there a LEVER?!?

Halt trading!! Pull it, Bob!!