News Disney CEO Bob Iger Earned $41.1 Million in Fiscal 2024: A Breakdown of Executive Pay

[Disney Irish]

Mufasa cost at minimum a reported $225-250M to make. Add $125M for marketing and you need the film to make at minimum $700M to break even.

No shifting goals, just plain facts.

You haven't been over in the Mufasa or the box office threads on the movie side of the forums but this has already been discussed over and over and pretty much settled. Use the industry standard 2.5 x production budget for finding breakeven, reported budget was $200M, so that would put breakeven at around $500M. But even if you say budget was $225M, which I can believe but not much beyond that, that still puts it at only $562.5M. Either way its still surpassed that based on industry standard for what is considered breakeven. This is why I say its goal post moving, because it seems like everyone wants to put a higher number when it surpasses the previous mark set by folk.

Also movies aren't only limited to make money by the box office alone, they make money from many other sources. So it has the potential to continue to make money long after its out of theaters.

 

[Agent H]

Ok…enjoy the forums

Thank you!

 

[Sirwalterraleigh]

Mufasa cost at minimum a reported $225-250M to make. Add $125M for marketing and you need the film to make at minimum $700M to break even.

No shifting goals, just plain facts.

Mufasa isn’t gonna make it

We discussed it on the BO running thread at length.

Not a bomb…not an accomplishment

It’s not there…before we go “but…but…but…” on this.

 

[Sirwalterraleigh]

Oh now compare it to 2019 when movie tickets were 30% cheaper and you still had 7 Disney $1B+ films.

Everything is fine folks. No problems at all.

Was that before they fired Downey and Evans?

…this is a test…DON’T take the bait

 

[Sirwalterraleigh]

Maybe he’s trying to argue with me through you?

Is he able to quote or reply directly to my posts?

All I can see when he is quoted is this:

View attachment 839962

And I have never in my life clicked to show ignored content. Once someone is ignored, they are gone forever.

Maybe he didn’t realize all that, maybe he does now, and maybe he’ll stop replying to my posts in response to yours.

I am the one who did call Mufasa a success, because it is.

You have been consistent, and I credit you for that.

Any other movie from any other studio with those numbers, including so many number one rankings for so many weeks, would be considered a success. Disney movies don’t have to clear extra hurdles to please Disney grumps.

It made money. It furthered the brand. It is a success. They are supposedly already planning another one. And it will gain more popularity once it hits streaming, setting up the next one nicely.

I think sometimes we overcorrect to give in to the unpleasables.

For the record (ignoring is weak…so I don’t do it)…I’m not arguing “through” anyone.

You can’t take a couple big hits in a soft schedule in 2024 and make it predictive of anything more than what it was.

They threw everything under the sun in 2023 and dropped more bombs than the 8th Air Force…
(Yes that’s a metaphor)

More than likely…2025 will be somewhere in the middle overall

 

[Sirwalterraleigh]

You haven't been over in the Mufasa or the box office threads on the movie side of the forums but this has already been discussed over and over and pretty much settled. Use the industry standard 2.5 x production budget for finding breakeven, reported budget was $200M, so that would put breakeven at around $500M. But even if you say budget was $225M, which I can believe but not much beyond that, that still puts it at only $562.5M. Either way its still surpassed that based on industry standard for what is considered breakeven. This is why I say its goal post moving, because it seems like everyone wants to put a higher number when it surpasses the previous mark set by folk.

Also movies aren't only limited to make money by the box office alone, they make money from many other sources. So it has the potential to continue to make money long after its out of theaters.

Woah woah woah…
Go read the math on the box office thread…

Talk about shifting goalposts…might never want to use that reference again…

We all agreed that it had to have $600…absolute best case minimum…to break even

It’s at $603 right now and out of gas.

 

[Disney Irish]

Woah woah woah…
Go read the math on the box office thread…

Talk about shifting goalposts…might never want to use that reference again…

We all agreed that it had to have $600…absolute best case minimum…to break even

It’s at $603 right now and out of gas.

I'm very well aware of what took place in the box office thread, I've participated in this very conversation, my posts are there for everyone to see. The 2.5x multiple was questioned multiple times by multiple posters and was explained by @BrianLo how the math works out in a majority of cases which is why its a standard used in the industry and why we pretty much all agreed to use it in the movie forum.

But yes if you want to use $600M (something you stated in the box office thread), I'm fine using that, its still surpassed that. But even if "out of gas" (something that thought like 2 weeks ago but didn't actually happen), its still got a few more weeks of earning so it'll probably end up somewhere between $650-$700M when it leaves theaters. But now in this thread posters are now stating $700M (which you seem to agree with), so where is the goal post now? Is it $600M or $700M for you? You going to stick with your original stance from the box office thread of $600M which its surpassed or you moving the goal post and going with $700M?

 

[Sirwalterraleigh]

I'm very well aware of what took place in the box office thread, I've participated in this very conversation, my posts are there for everyone to see. The 2.5x multiple was questioned multiple times by multiple posters and was explained by @BrianLo how the math works out in a majority of cases which is why its a standard used in the industry and why we pretty much all agreed to use it in the movie forum.

But yes if you want to use $600M (something you stated in the box office thread), I'm fine using that, its still surpassed that. But even if "out of gas" (something that thought like 2 weeks ago but didn't actually happen), its still got a few more weeks of earning so it'll probably end up somewhere between $650-$700M when it leaves theaters. But now in this thread posters are now stating $700M (which you seem to agree with), so where is the goal post now? Is it $600M or $700M for you? You going to stick with your original stance from the box office thread of $600M which its surpassed or you moving the goal post and going with $700M?

You’re not understanding…or just trying to claim victory again? It’s always the same

It’s made about 30 mil…worldwide…in the last 2 weeks and drops by the minute. It’s not getting there. It’s over, Johnny

We had the EXACT same Discussion in June of 2023 about the movie I had “all wrong”…and the same thing happened.

I know deadline (speed dial to bobs phone) and the New York Times made some obscure “it could make $75-100 more” throw away lines a week plus ago…but it’s not gonna happen.

It’s gonna be just north or south of break even when it all settles…trajectory is on target. It looked like it may have been a bigger dud at first…so not the worst outcome…
But pointless in the end.

Since we all have said that these remakes are beyond tired…is that really a bad thing?

Or are we gonna get the thesaurus out at debate it down to the keystroke?…again?

 

[Disney Irish]

You’re not understanding…or just trying to claim victory again? It’s always the same

It’s made about 30 mil…worldwide…in the last 2 weeks and drops by the minute. It’s not getting there. It’s over, Johnny

We had the EXACT same Discussion in June of 2023 about the movie I had “all wrong”…and the same thing happened.

I know deadline (speed dial to bobs phone) and the New York Times made some obscure “it could make $75-100 more” throw away lines a week plus ago…but it’s not gonna happen.

It’s gonna be just north or south of break even when it all settles…trajectory is on target. It looked like it may have been a bigger dud at first…so not the worst outcome…
But pointless in the end.

Since we all have said that these remakes are beyond tired…is that really a bad thing?

Or are we gonna get the thesaurus out at debate it down to the keystroke?…again?

That still didn’t answer the question, you going to call out that $700M for break-even is wrong and that it’s break-even is lower or you going to move your goal post agreeing with the other poster and say that $700M is now your “break-even” mark? Which is it chief?

As for the rest, we’ll see what the final totals are when it leaves theaters. Just for the record I’m surprised it’s done this well, as once again I’m on record many many many times saying I thought it would lose money. So don’t get things twisted that I’ve been calling this one a success, again I’m not the one.

 

[BrianLo]

So it will make probably $600…at $470 ish now…

So a profit of $50…not a failure…but probably not worth the time and resources invested either.

The positive is they didn’t lose…and maybe they’ll knock this nonsense off.

Which won’t be much

Gonna have a real hard time adding much. Most of these flicks…even Disney tentpoles…flatline at around 21 days.

Define flatline for us. It's at 482, what range are you thinking?

Somewhere around a total of $550ish? Maybe break even once the chips fall?

It’s doing almost nothing domestically…which is hard to overcome

Don’t think this is the type of movie that is gonna hang around with legs internationally either.

Just a guess

As much as inside out and Moana have had Impressive legs…this appears to be the exact oppo

Inspired by @monothingie request to quote for posterity. I already see @Stripes summarized things excellently and I have nothing more to add except I can really drag up post after post on prior missed projections on DTC from several of you over the years. That’s kind of obnoxious to do and I’m only offering since you felt emboldened to do it first. I support @Stripes thesis that it is a lot more than 100M a quarter. I’ve said the same revenue as linear within 6 quarters (18 months) and same operating revenue in 12 quarters (3 years) as linear’s prior peak in 2016. I’ll reinforce my guess again.

Anyway here is the respectable @Sirwalterraleigh already explaining to us a profitability line on Mufasa. The point is not lost on me, other than past Walter and I agreed the film is profitable. That doesn’t make it the biggest success of all time. But it’s not a bomb. I agreed with Walter, other than I thought he was going to miss the mark on how far it would leg out. Which is off by 50M so far, but he did give a top end of 600M several days before as I’ve quoted.

2.5X 500M isn’t also the best case break even line, it’s the “for sure” break even line. Post theatrically it could even have started to break even at 450 for all I know.

 

[BrianLo]

There’s a lot of confusion constantly about the Bob’s. They aren’t the same person. Iger has never promised a Netflix-level competitor. Netflix is a tech company according to Wall street, Disney is a traditional media company. Though the line is grey by the day.

I find dragging out the stock price, when the company was in a speculative bubble that lost quite a few people their jobs silly. The company is overtly in a better place today than 2021. Every single metric says so, other than the stock price… meaning it was a bubble.


Unless the company was seriously better in 2021 than 2019 as their parks were half shuttered, theatrical releases dried up, linear in rapid decline and DTC heading to peak losses with several corporate, talent and political feuds brewing and lies being told about subs as India’s populace was being signed up for the service for pennies a day to fake sub counts… maybe… just maybe the 2021 stock price was the big lie? If the only thing we have left to cling to is a stock bubble, it’s not a good argument. The company is in a better place today than two years ago, almost across the board.

And yes Iger sucks at giving up power or choosing a successor. I don’t question that for a second and am happy it isn’t his choice this time. But he deserves this paycheque a lot more than Chapek did.

 

[monothingie]

If the cupcake brigade wants to die on the hill that everything is awesome at the Bob Iger Company so be it.

The people with actual skin in the game (investors) don’t see it and aren’t falling for the carefully scripted PR.

 

[MisterPenguin]

The people with actual skin in the game (investors) don’t see it and aren’t falling for the carefully scripted PR.

Help me understand these investors that, in October of 2023 had DIS stock at $79, then in April of 2024, up to $120. Then in August of 2024, down to $85, and now, at $112?

 

[Vegas Disney Fan]

The people with actual skin in the game (investors) don’t see it and aren’t falling for the carefully scripted PR.

The largest stockholders of Disney are funds like Vanguard, Blackrock, State Street, etc that prioritize ESG above financial factors, Disney is doing what they want.

 

[Sirwalterraleigh]

Inspired by @monothingie request to quote for posterity. I already see @Stripes summarized things excellently and I have nothing more to add except I can really drag up post after post on prior missed projections on DTC from several of you over the years. That’s kind of obnoxious to do and I’m only offering since you felt emboldened to do it first. I support @Stripes thesis that it is a lot more than 100M a quarter. I’ve said the same revenue as linear within 6 quarters (18 months) and same operating revenue in 12 quarters (3 years) as linear’s prior peak in 2016. I’ll reinforce my guess again.

Anyway here is the respectable @Sirwalterraleigh already explaining to us a profitability line on Mufasa. The point is not lost on me, other than past Walter and I agreed the film is profitable. That doesn’t make it the biggest success of all time. But it’s not a bomb. I agreed with Walter, other than I thought he was going to miss the mark on how far it would leg out. Which is off by 50M so far, but he did give a top end of 600M several days before as I’ve quoted.

2.5X 500M isn’t also the best case break even line, it’s the “for sure” break even line. Post theatrically it could even have started to break even at 450 for all I know.

Somewhere around break even

Not a disaster…but several hundred million below what Disneys expectation would have been for it

Also…I think the production/marketing budgets reports were on the low side. They often spell it out later buried in the financials…

There were notions that Indy and the marvels “probably didn’t cost that much…”

Oh…they did…and then some

How one spends $300 on a film with an awful script would be mind boggling…except it’s Hollywood and they think they can sell ice to polar bears

Disney is the lead in that…non-creative hubris

 

[Sirwalterraleigh]

The largest stockholders of Disney are funds like Vanguard, Blackrock, State Street, etc that prioritize ESG above financial factors, Disney is doing what they want.

The actual largest shareholder is the California public employees retirement fund…and they absolutely need every penny. It’s been that way for decades

Disney gets way more leniency than most junk stock because of their history and name…but it won’t last forever. Lagging stock is lost money…they absolutely are lagging the markets.

And it’s gonna be a bad year this year as well

 

[Vegas Disney Fan]

The actual largest shareholder is the California public employees retirement fund…and they absolutely need every penny. It’s been that way for decades

Disney gets way more leniency than most junk stock because of their history and name…but it won’t last forever. Lagging stock is lost money…they absolutely are lagging the markets.

And it’s gonna be a bad year this year as well

According to the Calpers website they only own $459 million in Disney stock, their biggest holdings are in Apple ($9 billion), Microsoft ($8.5 billion), Nvidia ($8 billion), Amazon ($3 billion) and Meta ($3 billion)… they better hope there’s not a dip in tech stocks because they seem way over leveraged (23%) in one field.

In comparison Vanguard owns about $17 billion of Disney stock at current market prices.

 

[monothingie]

Help me understand these investors that, in October of 2023 had DIS stock at $79, then in April of 2024, up to $120. Then in August of 2024, down to $85, and now, at $112?

Since we’re picking arbitrary dates, let’s use the day Bob came back.

DIS is up 23.7%
NFLX is up 239.7%
DJIA is up 34.3%

So for one of the largest media conglomerates in the world, underperforming the market average by 10% and their biggest rival by 164% is something that is attractive for investors?

 

[monothingie]

The largest stockholders of Disney are funds like Vanguard, Blackrock, State Street, etc that prioritize ESG above financial factors, Disney is doing what they want.

 

[MisterPenguin]

Since we’re picking arbitrary dates, let’s use the day Bob came back.

DIS is up 23.7%
NFLX is up 239.7%
DJIA is up 34.3%

So for one of the largest media conglomerates in the world, underperforming the market average by 10% and their biggest rival by 164% is something that is attractive for investors?

They're not arbitrary dates, those are the highs and lows for the past year and a half.

You make the claim that investors are valuing Disney with the stock market. And so, we should look torward them.

But they've been all over the place in the past year and a half. So when we see these big swings, what is the message?