Disney’s Q3 FY23 Earnings Results Webcast

TrainsOfDisney

TrainsOfDisney

Well-Known Member
Is there a lot of growth potential for Disney+? I mean once you get to around the same numbers as Netflix that’s got to be it I would think.

And with Disney+ and Netflix upping the price, doesn’t that mean less people willing to pay for both?

And realistically- before Disney+ is profitable they have to pay off the losses for the past 4 years.
 
GhostHost1000

GhostHost1000

Premium Member
Kamikaze said:
You mean the ones that they took from other people and added their own twists originally?
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Yep. I do. If disney is remaking their own animated story movies into live actions ones, follow the same script or call it something else.

Also quit trying so hard to make statements and try harder to make entertainment everyone can enjoy without controversy.
 
LSLS

LSLS

Well-Known Member
Basil of Baker Street said:
I would pay $4 or $5/month for access to an ad free "Disney Classic Movie Vault". No need to spend millions on new content. Just keeps the servers up. I canceled a while back because I'm not into series so much. Now I'm back to watching my DVD's.
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This. I 100% subscribe to Peacock just to watch the old stuff. I'd do the same for D+. I think they are missing a decent sized market where they could charge a lower cost for all backlog over so many years old.
 
Drdcm

Drdcm

Well-Known Member
I just don’t think Disney+ will work out.

I’m probably wrong, but I just can’t see the value in it being maintained. They’re cutting content, cutting production costs, increasing the price, and adding ads. Right now, there’s not enough new content to keep my wife and me engaged - we don’t have kids. The problem is, we paid a year up front because I thought it would improve and wanted to hedge against price increases, now I’m stuck paying for it. Probably not going to continue it when it expires.

Sure, subscribers increased despite price increases up to this point. I’m just not convinced it can be maintained.

I also see this as being in direct competition to their feature film business.

I’m just one person though, don’t really fault anyone else for seeing value in it. If they end up going the route of Apple TV, where they have a steady stream of high quality content, then I could probably get back on board.

Right now, the only stand out shows I want more of on D+ are monsters at work and Andor. I liked those, but not enough to subscribe.
 
W

WoundedDreamer

Well-Known Member
Remarkably catastrophic. The whole place is on fire. I'm dumbfounded at how bad things are looking right now. I had been out of the loop recently, so I hadn't looked at one of their earnings reports in a while. Shocking.
The Good News
-Walt Disney World seems to be having a brief slowdown. While that's disappointing, it doesn't seem to be too bad. Like a college student that partied too hard the night before, Walt Disney World is having a post-50th slump. Whether this is a foretaste of things to come or just a temporary thing, I think it's too early to say. Credit to places like this board for catching this before the financial results. It's impressive that the Park community can crowdsource this info. Overall, I'm not too concerned yet.
-Other parks and properties seem to be in good shape. No complaints there!
-Streaming loses narrowed significantly. Great news!

So that's pretty much the sum of the good news. I guess we could add the PENN deal which could end up being quite lucrative. The bad news...

-I was expecting the traditional cable/broadcast television channels to stagnate and maybe gradually decline. But that's not what's happening. Linear TV channels are suffering significant declines. The 14% decline in domestic linear operating income is pretty depressing.
-The studio is only getting worse. I'm amazed at how effective the studio is at destroying shareholder value. I'm dumbfounded at the cash burn. 250 million just up in smoke. We'll likely see the trend continue for the next 2-3 quarters. When does the studio return to profitability? Not next quarter that's for sure.
-While Direct-to-Consumer is controlling costs, there is still a long way to go before it is comfortably profitable and making more than the opportunity cost of not licensing the content.

I'd not be optimistic if I were Iger. This could get worse before it gets better.
 
Disstevefan1

Disstevefan1

Well-Known Member
WoundedDreamer said:
Remarkably catastrophic. The whole place is on fire.
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ThisIsFineTWDC.jpg
 
Sirwalterraleigh

Sirwalterraleigh

Premium Member
Drdcm said:
I just don’t think Disney+ will work out.

I’m probably wrong, but I just can’t see the value in it being maintained. They’re cutting content, cutting production costs, increasing the price, and adding ads. Right now, there’s not enough new content to keep my wife and me engaged - we don’t have kids. The problem is, we paid a year up front because I thought it would improve and wanted to hedge against price increases, now I’m stuck paying for it. Probably not going to continue it when it expires.

Sure, subscribers increased despite price increases up to this point. I’m just not convinced it can be maintained.

I also see this as being in direct competition to their feature film business.

I’m just one person though, don’t really fault anyone else for seeing value in it. If they end up going the route of Apple TV, where they have a steady stream of high quality content, then I could probably get back on board.

Right now, the only stand out shows I want more of on D+ are monsters at work and Andor. I liked those, but not enough to subscribe.
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I think D+ should be a marketing platform…because I don’t see it ever being a profit generator

The content costs won’t really allow it.

But it’s not the first time a Bob took something that Is to support products and decree it a huge winner on its own
 
Vegas Disney Fan

Vegas Disney Fan

Well-Known Member
TrainsOfDisney said:
Is there a lot of growth potential for Disney+? I mean once you get to around the same numbers as Netflix that’s got to be it I would think.
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I wonder this also, D+ is coming up on 5 years old, I’d think most who are interested would have subscribed by now. There will be some small gains and losses as people come and go but I don’t think they’re going to see tens of millions suddenly jumping on board after sitting out the last 5 years.

Price increases look to be their only path to profitability, now they are in the balancing game, finding the sweet spot most people will pay without losing too many in the process.
 
monothingie

monothingie

Evil will always triumph, because good is dumb.
Premium Member
It is going to be very interesting to see the effect of the current labor actions in Hollywood on D+ and other DTC platforms. While not directly attributable to Disney (Although Bob certainly inserted foot into mouth very well), it certainly isn't going to help D+ grow subscribers, and it remains to see if people who are price sensitive will flee the platform with nothing new. Interestingly enough it will cut down on their costs dramatically.

Ironically, their path to profitability could come by not making content.
 

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