Josh D’Amaro To Participate In The JP Morgan Global Technology, Media & Communications Conference

[DCBaker]

Josh D’Amaro, Chairman, Disney Parks, Experiences and Products, The Walt Disney Company (NYSE: DIS) will participate in a question-and-answer session at the JP Morgan Global Technology, Media & Communications Conference on Monday, May 22, 2023 at approximately 9:20 a.m. ET/ 6:20 a.m. PT.

The Walt Disney Company To Participate In The JP Morgan Global Technology, Media & Communications Conference - The Walt Disney Company

BURBANK, Calif., May 16, 2023 – Josh D’Amaro, Chairman, Disney Parks, Experiences and Products, The Walt Disney Company (NYSE: DIS) will participate in a …Read More

thewaltdisneycompany.com

 

[TTA94]

Eh I’ll ask for the heck of it, is anything expected to be announced at this?

 

[wdwmagic]

Eh I’ll ask for the heck of it, is anything expected to be announced at this?

No, but occasionally something interesting comes out of these things.

 

[TTA94]

No, but occasionally something interesting comes out of these things.

Would be nice to get a name and more details for the new Epcot show.

 

[DCBaker]

The Q&A with Josh D’Amaro is scheduled to begin in about 30 minutes - here’s the direct link to listen.

https://jpmorgan.metameetings.net/events/tmc23/sessions/46264-the-walt-disney-company/webcast

 

[MisterPenguin]

Josh:

We expect WDW biz to be in a lull as a result of the 50th celebration being over.

International parks all doing well and increasing.

 

[MisterPenguin]

J: Paris going well. And adding more stuff. Guests like it. More expansion room.

 

[MisterPenguin]

Chinese parks have expansion coming, doing well, room to grow number of more guests.

 

[MisterPenguin]

WRT "yield management software" brought online with Covid.

Josh explains what it is with reservations. It's been productive. It'll help navigate economic headwinds. We know who's coming and when. And can respond with price changes (up and down) to adjust crowds and staffing.

 

[MisterPenguin]

WRT managing BIG DATA you gather on guests.

Josh: Yes, we do have a lot of data on guests.

We need to sync data better between divisions. E.g., what can we do for an ESPN fan who's in the parks.

 

[MisterPenguin]

WRT guests finding it's more work to successfully do the parks. How to make it easier.

Josh: What we have to offer is hugely complex and that in itself is a level of difficulty. The internet tools we provide are trying to make that easier.

We do try to have more inexpensive options (at certain times of the year [which means off-peak]).

We're still investing in technology. And look at ops changes. E.g. relaxing some reservations requirements.

 

[MisterPenguin]

WRT new lands, new cruise ships... what capital do you have to make that happen?

Josh: our ambitions are still the same. We have sophisticated capex plans. We're always looking to add capacity with more attractions. Investing in tech to manage things. Investing in maintenance.

 

[MisterPenguin]

Can US parks grow in footprint?

Josh: We have lots of options to increase capacity and footprint. Gives examples of stuff we know is coming.

Studios create new content that can be leveraged into the parks.

 

[MisterPenguin]

Me: So far, this is all super optimistic stuff that we've been hearing from the Bobs from quarterly calls. No new ground is being covered.

 

[MisterPenguin]

Josh: we're not laying off front line CMs as part of the Big Lay-off.

 

[MisterPenguin]

How do you cut costs with tech, since new tech costs money?

Josh: there will be incremental increase in tech costs which bring bigger results in savings down the road.

 

[MisterPenguin]

Has the FL to-do affected parks?

Josh: No impact.

 

[MisterPenguin]

About Nona?

Josh: New leadership, new business environment. Conditions have changed.

 

[MisterPenguin]

About $17B to spend in the next 10 years, what was last 10 yrs.

Josh: New Star Tours attraction coming. Blue Sky lands is part of that. (avoided question of last 10 years)

 

[MisterPenguin]

Whatabout Starcruiser?

Josh: explains what it is (was). Guests liked it. Didn't perform in the way we wanted, so decided to sunset it. We're acceleration depreciation on that in Q3 and Q4.