Disney’s Q2 FY23 Earnings Results Webcast

[Sir_Cliff]

I think I’ve adequately established my “guy who complains about Disney” status, but I have to ask all the posters gloating about the stock falling - what do you think happens if Disney’s stock totally crashes? Do you think that’s a recipe for more investment in the parks? For more spending that doesn’t show an immediate ROI? For more adventurous filmmaking? Or is schadenfreude now our only goal?

The entire streaming saga remains a pretty good argument for why it’s unwise to let a collection of tremendously arrogant, mercurial, easily-panicked herd animals determine the fate of the global economy.

THANK YOU!!!

I always read people whooping and hollering at the share price going down in these threads and wonder what exactly they think will be the result. That they're going to shrink the company back down to having the parks as their main focus, reduce ticket prices, increase hours, and pour money into building fancy new e-tickets?

It seems for a lot of people schadenfreude is the only goal, and for some reason seeing Iger suffer would be worth burning down the entire company for a lot of people.

 

[Trauma]

Expect Disney to start doing this in the weeks and months ahead.

One great big festering neon distraction
I've a suggestion to keep you all occupied

Learn to swim

 

[Trauma]

THANK YOU!!!

I always read people whooping and hollering at the share price going down in these threads and wonder what exactly they think will be the result. That they're going to shrink the company back down to having the parks as their main focus, reduce ticket prices, increase hours, and pour money into building fancy new e-tickets?

It seems for a lot of people schadenfreude is the only goal, and for some reason seeing Iger suffer would be worth burning down the entire company for a lot of people.

Yes as long as Iger is in charge I would prefer to see it burn to the ground.

 

[Casper Gutman]

THANK YOU!!!

I always read people whooping and hollering at the share price going down in these threads and wonder what exactly they think will be the result. That they're going to shrink the company back down to having the parks as their main focus, reduce ticket prices, increase hours, and pour money into building fancy new e-tickets?

It seems for a lot of people schadenfreude is the only goal, and for some reason seeing Iger suffer would be worth burning down the entire company for a lot of people.

People tend to have an unshakeable sense that what is happening now is "normal," and things will never not be "normal," and its inconceivable that things could get worse very suddenly.

Call it "Disney Exceptionalism."

 

[Disgruntled Walt]

So let it be written…so let it be done

YES! I am so here for Ten Commandments references!

 

[Casper Gutman]

Yes as long as Iger is in charge I would prefer to see it burn to the ground.

Someone like Iger will ALWAYS be in charge. He's a manifestation of the way Hollywood in particular and American business in general has changed since the 80s. Eisner, for all his faults, came out of an earlier era and an earlier ethos. You'd have to shift huge amounts of sedimented cultural, financial, and political thought to get anyone who wasn't just another Iger.

 

[Slpy3270]

One great big festering neon distraction
I've a suggestion to keep you all occupied

Learn to swim

If I were JJ Abrams I'd start worrying about my overall deal as well.

 

[Sir_Cliff]

People tend to have an unshakeable sense that what is happening now is "normal," and things will never not be "normal," and its inconceivable that things could get worse very suddenly.

Call it "Disney Exceptionalism."

Completely agree. There's nothing to say the country couldn't be bled dry and stripped for parts, with Wall Street cheering the process along. I mean, nothing lasts forever.

At any rate, I hope Disney is able to ignore these erratic swings back and forth around Disney+ numbers and figure out a decent strategy for making money off the thing.

 

[CaptainAmerica]

It seems for a lot of people schadenfreude is the only goal, and for some reason seeing Iger suffer would be worth burning down the entire company for a lot of people.

My schadenfreude has very little to do with Iger.

The rot at TWDC runs much deeper than that.

 

[Slpy3270]

Completely agree. There's nothing to say the country couldn't be bled dry and stripped for parts, with Wall Street cheering the process along. I mean, nothing lasts forever.

At any rate, I hope Disney is able to ignore these erratic swings back and forth around Disney+ numbers and figure out a decent strategy for making money off the thing.

They have about a year to do that, which isn't very long. And that assumes Peltz or some other degenerate vulture doesn't try to pull off a coup between now and then.

 

[Casper Gutman]

Completely agree. There's nothing to say the country couldn't be bled dry and stripped for parts, with Wall Street cheering the process along. I mean, nothing lasts forever.

At any rate, I hope Disney is able to ignore these erratic swings back and forth around Disney+ numbers and figure out a decent strategy for making money off the thing.

I really hope you meant to write "company" and it came out "country," because that would be such a beautiful, truthful error.

 

[Trauma]

Someone like Iger will ALWAYS be in charge. He's a manifestation of the way Hollywood in particular and American business in general has changed since the 80s. Eisner, for all his faults, came out of an earlier era and an earlier ethos. You'd have to shift huge amounts of sedimented cultural, financial, and political thought to get anyone who wasn't just another Iger.

Well then they won’t be get my families $$$ anymore.

No biggie we only spent around 15k a year.

 

[BlakeW39]

Someone like Iger will ALWAYS be in charge.

If this were true— which I don't believe, being that since Hollywood has changed since the 80s it should therefore follow that it will continue to do so —then I really couldn't care less to see Disney invest further in their businesses. Someone like Iger is incapable, say it with me incapable, of investing properly or creating things with sufficient artistic merit. I simply do not care to see them find new ways to pump out swill.

 

[Sir_Cliff]

Someone like Iger will ALWAYS be in charge. He's a manifestation of the way Hollywood in particular and American business in general has changed since the 80s. Eisner, for all his faults, came out of an earlier era and an earlier ethos. You'd have to shift huge amounts of sedimented cultural, financial, and political thought to get anyone who wasn't just another Iger.

This is the thing: who do people think is going to take over if Iger is driven out? It will be another version of Iger, who could just as easily be worse than better. We just had a worse one.

Like you, I'm very critical of many of the decisions of Disney management in recent years. I'm not stupid enough, however, to think that Wall Street investors feverishly trading shares back and forth are my allies in undoing those decisions rather than being the principle reason many of them happened in the first place.

 

[TalkingHead]

It also doesn’t seem to work, the critics review bombed Mario and look how much money that made.

You need to re-read the definitions of critics and review bombing.

 

[Sir_Cliff]

I really hope you meant to write "company" and it came out "country," because that would be such a beautiful, truthful error.

Ha! Freudian slip, I guess!

 

[TalkingHead]

If this were true— which I don't believe, being that since Hollywood has changed since the 80s it should therefore follow that it will continue to do so —then I really couldn't care less to see Disney invest further in their businesses. Someone like Iger is incapable, say it with me incapable, of investing properly or creating things with sufficient artistic merit. I simply do not care to see them find new ways to pump out swill.

Bolded for emphasis.

 

[Trauma]

You need to re-read the definitions of critics and review bombing.

I’m aware it doesn’t fit neatly.

I just meant group of people letting their ideological hive mind affect a review score.

Like the critics with Mario.

 

[Casper Gutman]

If this were true— which I don't believe, being that since Hollywood has changed since the 80s it should therefore follow that it will continue to do so —then I really couldn't care less to see Disney invest further in their businesses. Someone like Iger is incapable, say it with me incapable, of investing properly or creating things with sufficient artistic merit. I simply do not care to see them find new ways to pump out swill.

I've got real bad news for you about the top executives at every single major American corporation.

 

[Casper Gutman]

I’m aware it doesn’t fit neatly.

I just meant group of people letting their ideological hive mind affect a review score.

Like the critics with Mario.

That's not what review bombing is, and the critical reaction to Mario had next to nothing to do with ideology.