Disney’s Q2 FY23 Earnings Results Webcast

[Tha Realest]

That said, I wouldn't be shocked if the majority of content getting pulled are shows or movies Disney doesn't actually own (Diary of a Future President, the Animaniacs reboot, The Right Stuff and the like).

I hope that’s not the case. Bluey, which they license, is by far their most popular series.

 

[mikejs78]

The simple take is the market isn’t viewing customer loss as a path to sustained increased profits

Which means in makes sense…for once

Not in this case. As stated above, the subscribers they lost were all $0.50/month subscribers. They saved a ton by cutting the expensive content that those $0.50 subscribers wanted. Net win.

The valuable subscribers grew in Q2.

 

[Slpy3270]

I hope that’s not the case. Bluey, which they license, is by far their most popular series.

Bluey is on the ratings chart (and also airs on Disney Junior) so that's probably safe.

 

[GhostHost1000]

Get D+, your phone, internet, Genie+, and My Pal Mickey services all for one low(ish) price!

That brings back some memories (pal Mickey) how about the old Disney Mobile service too

 

[mikejs78]

I hope that’s not the case. Bluey, which they license, is by far their most popular series.

Bluey is #2.

 

[GhostHost1000]

Definitely more signs that bookings are soft

Feels more and more like last year was the last bits of "revenge travel" and people got it out of their system

I saw this coming big time

 

[Jrb1979]

Not in this case. As stated above, the subscribers they lost were all $0.50/month subscribers. They saved a ton by cutting the expensive content that those $0.50 subscribers wanted. Net win.

The valuable subscribers grew in Q2.

Maybe so but Wall Street doesn't view it that way.

 

[mikejs78]

Maybe so but Wall Street doesn't view it that way.

They don't, after everyone saying that's what they want.

 

[BrianLo]

Or there just was never that much “there” there and a pied piper in a nametag told you otherwise?

I mean the segment is generating 20 billion a year in revenue. It’s not like there isn’t anything ‘there’. The spend is clearly an issue.

 

[Jrb1979]

They don't, after everyone saying that's what they want.

IMO a lot the issue is they still haven't figured out the whole streaming game. I'm not sure if they ever really will.

 

[Sirwalterraleigh]

I mean the segment is generating 20 billion a year in revenue. It’s not like there isn’t anything ‘there’. The spend is clearly an issue.

And that isn’t gonna really go away…which has been the problem since day 1 with steaming

People aren’t gonna pay to watch 70 year old content indefinitely.

Have to go original…they all came to the same conclusion

 

[Trauma]

Wow almost down 5% now.

Way to go Bob maybe you will finally get canned and the company can find a real leader, instead of a gutless coward.

 

[Jrb1979]

And that isn’t gonna really go away…which has been the problem since day 1 with steaming

People aren’t gonna pay to watch 70 year old content indefinitely.

Have to go original…they all came to the same conclusion

That costs money. To pay for those costs you have to raise the price of streaming. Eventually you will be back to what cable cost.

 

[Sirwalterraleigh]

Wow almost down 5% now.

Way to go Bob maybe you will finally get canned and the company can find a real leader, instead of a gutless coward.

…I think the dining plan price just went up…and 20% of the waitstaff will be fired tonight

 

[Trauma]

…I think the dining plan price just went up…and 20% of the waitstaff will be fired tonight

They won’t have revenue from the dining plan in time for earnings. They need a way to stop the bleeding- NOW

You know darn well they have no blockbusters lined up and park attendance may be running into a problem.

 

[Sirwalterraleigh]

That costs money. To pay for those costs you have to raise the price of streaming. Eventually you will be back to what cable cost.

And that has probably always been the strategic goal…

The question is: will they get to try to hope the “blue ocean” nonsense they use to sell Halloween parties and after hours work on a less “zealot based” product like stream?

…I don’t think so. Just a hunch

 

[Sirwalterraleigh]

They won’t have revenue from the dining plan in time for earnings. They need a way to stop the bleeding- NOW

You know darn well they have no blockbusters lined up and park attendance may be running into a problem.

You know…

We probably should start “retirement watch: part deux”

It’s not gonna be tomorrow…but six months after the prophet returned the investors cannot be happy…and obviously they think the forecasts aren’t good either

 

[Trauma]

You know…

We probably should start “retirement watch: part deux”

It’s not gonna be tomorrow…but six months after the prophet returned the investors cannot be happy…and obviously they think the forecasts aren’t good either

This is the beginning of the end of Bob “Coward” Iger and I couldn’t be happier.

 

[TheMaxRebo]

You know…

We probably should start “retirement watch: part deux”

It’s not gonna be tomorrow…but six months after the prophet returned the investors cannot be happy…and obviously they think the forecasts aren’t good either

Whether it is tomorrow or 18 months from now they definitely need to figure out who is going to replace him and that person needs to have a vision and move the company forward/past the current regime - can't have another Chapek situation

 

[the.dreamfinder]

That costs money. To pay for those costs you have to raise the price of streaming. Eventually you will be back to what cable cost.

Which was the whole point, just follow the consumer to where they’re going.