Disney’s Q2 (Jan/Feb/Mar) FY 2020 Earnings Results Webcast on Tuesday, May 5, 4:30ET

[Disney Analyst]

Stage Play business?! Who does she think she is.

 

[the.dreamfinder]

I don't think the park closing had an impact on what The Oriental Land Company pays Disney.

Yes it would, they get a 10% licensing fee.

 

[Slpy3270]

Better to forgo the dividend than see it cut.

Besides, it won't exactly harm the company long-term, contra to popular belief.

 

[CastAStone]

anyone catch the capex reduction specifics? my feed dropped out.

The way I interpreted it was that the capex is down because construction stopped but they haven't canceled anything yet (we are still evaluating...)

 

[MisterPenguin]

Stage Play business?! Who does she think she is.

It brings in good money, just like their Amusement Rides business and their Floating Hotel business.

 

[Disney Analyst]

It brings in good money, just like their Amusement Rides business and their Floating Hotel business.

Bahaha. The way she said it shook me up. Disney Theatrical perhaps? I'd even except "Our broadway musicals". UGH.

 

[Disney Analyst]

54.5 million subscribers for Disney+ as of May 4th, globally.

 

[MisterPenguin]

20th Century was overall profitable (big difference from last year)

 

[Slpy3270]

Can you imagine how this earnings report would turn out if Disney+ hadn't been ready for launch?

 

[wishiwere@wdw]

54.5 million subscribers for Disney+ as of May 4th, globally.

Did they state “paid” subscribers? As in, this was not including the freebie and trial folks? I thought I heard that but wasn’t sure.

 

[Disney Analyst]

Did they state “paid” subscribers? As in, this was not including the freebie and trial folks? I thought I heard that but wasn’t sure.

I am unsure if they are differentiating.

 

[MisterPenguin]

Did they state “paid” subscribers? As in, this was not including the freebie and trial folks? I thought I heard that but wasn’t sure.

No.

 

[the.dreamfinder]

54.5 million subscribers for Disney+ as of May 4th, globally.

Thanks Hotstar!

 

[Dr.GrantSeeker]

2 weeks of domestic parks closures relates to a little over $500 million cash burn

 

[brianstl]

Yes it would, they get a 10% licensing fee.

It wouldn't have impacted their payments this past quarter. The shut downs will impact what they receive this quarter. The payments to Disney aren't instant.

 

[MisterPenguin]

Q: What’s the cash burn on closed parks?
Q: Any changes to forward looking ideas of D+ since it’s ahead of the game esp. with lockdown watching?


A: Christine: 2 weeks of domestic closing is half a $B losses. International, throughout the quarter, another half a Bil.
Chapek: blah blah on parks

A: Chap: D+… no changes on plans.
Christine: Still launching, so, still early, will update when appropriate.

 

[CastAStone]

Did they state “paid” subscribers? As in, this was not including the freebie and trial folks? I thought I heard that but wasn’t sure.

33.5 Million Paid on March 28th according to the earnings release. Unclear how that interfaces with the 50 million number announced 11 days later given the international rollout.

 

[Doberge]

Wow. I didn't realize how large Domestic is.

About half of $1B is from domestic and two weeks. Other half is cruises and international (+6 weeks).

Does this mean closer to $71M / day lost from domestic per day?

 

[MisterPenguin]

Q: JPMorgan: What capacity makes parks profitable?
Q: Studios… what’s the sched on tentpole movies


A: Chapek: we need enough guests to make it to profitable
Chapek: Studios… Mulan… hope it goes well!

 

[Bill in Atlanta]

Seemed like @realBobChapek dodged the question about expected capacity once parks reopen. Just said they won't do it if it's not profitable.