Q4 Earnings Report - Parks and Resorts

[RobbinsDad]

Frack yes. Quality post.

So say we all.

In my next life I want to be a Cylon.

 

[MisterPenguin]

Translation 'Studio Executives' don't like SciFi because it's not a T&A parade and requires people who can actually act and make alternate societies believable. In short intellectual heavy lifting not the display of the plastic surgeons art.

Yet SciFi series done in the 60's still have a large audience. The T&A shows ??? crickets... they are trivia questions at best if remembered at all.

And series like Star Trek broke much social ground the first interracial kiss on TV was on Star Trek.

You don't have a clue what the "studio executives" like or don't' like. You have no information. You're not an insider.

If you're so much into their minds, then answer my question in the other thread as to why they would 'hide' their Millennium Falcon movie prop. I kinda noticed that you didn't have an answer for that since you got stuck making fun of Disney because of a click-bait article title and had all the wrong information... like you usually do.

 

[Horizons78]

In my next life I want to be a Cylon.

You’ve got 12 models to choose from.

 

[Rumrunner]

Full report https://ditm-twdc-us.storage.googleapis.com/q4-fy17-earnings.pdf

Parks and Resorts revenues for the quarter increased 6% to $4.7 billion, and segment operating income increased 7% to $746 million. Operating income growth for the quarter was due to an increase at our international operations, partially offset by a decrease at our domestic operations, which were unfavorably impacted by Hurricane Irma. As a result of the hurricane, Walt Disney World Resort was closed for two days, and we canceled three cruise itineraries and shortened two others.

Results at our international operations were due to growth at Disneyland Paris and Shanghai Disney Resort. The improvement at Disneyland Paris reflected increases in attendance, guest spending and occupied room nights, partially offset by higher costs, driven by the 25th Anniversary celebration, and a loss from its 50% joint venture interest in Villages Nature. Guest spending growth was primarily due to higher average ticket prices and food and beverage spending. The increase at Shanghai Disney Resort was due to attendance growth and lower marketing costs, partially offset by lower average ticket prices. The decrease in marketing costs reflected costs associated with the grand opening of Shanghai Disney Resort in the prior year.

The decrease in operating income at our domestic operations was driven by lower results at Walt Disney World Resort, partially offset by an increase at our cruise line, growth at Disneyland Resort and higher sales of vacation club units.

Lower results at Walt Disney World Resort were driven by higher costs and fewer occupied room nights, partially offset by growth in guest spending and attendance, although both were negatively impacted by Hurricane Irma. Higher costs were primarily due to increases in labor and employee benefits, depreciation and marketing. Guest spending growth was due to increased food and beverage spending and higher average daily hotel room rates. Available hotel room nights were lower due to refurbishments and conversions to vacation club units.

Growth at our cruise line resulted from higher average ticket prices.

Higher results at Disneyland Resort were due to increases in guest spending and attendance, partially offset by higher costs for new guest offerings and marketing. The increase in guest spending was primarily due to higher average ticket prices.

Walt Disney laid a great foundation for continued success at Disney and as bad as Iger is even he can't mess it up that much. It is close however.

 

[HauntedMansionFLA]

The Star Wars TV show could be absolutely killer for this service. There are tons of people who buy HBO purely for Game of Thrones. A good Star Wars TV show I think could have the same effect. I think it also could pull in a demographic that would otherwise not be attracted to this service (i.e. young adults that don't have kids) or people who may be on the fence on whether purchasing the service would make sense or not (i.e. family with older kids).

If I was an investor, I would be pushing hard for a Game of Thrones quality show.

When is this Disney streaming channel going to be up and running? How much content do they have in the vault?

 

[Pixieish]

When is this Disney streaming channel going to be up and running? How much content do they have in the vault?

There's a TON of stuff in the vault. Last I knew, it was going to be running in 2019...reports were that it would take 2 years to get it going.

 

[JoeCamel]

There's a TON of stuff in the vault. Last I knew, it was going to be running in 2019...reports were that it would take 2 years to get it going.

Probably too late to save this segment.

 

[HauntedMansionFLA]

There's a TON of stuff in the vault. Last I knew, it was going to be running in 2019...reports were that it would take 2 years to get it going.

I can’t wait. There are so many things they can put on that we haven’t seen in years the potential is huge.

 

[Pixieish]

I can’t wait. There are so many things they can put on that we haven’t seen in years the potential is huge.

It really is. They need to be realistic about pricing though...a Netflix membership is only $10.00 with concurrent streaming on 2 devices.

 

[MuteSuperstar]

I can’t wait. There are so many things they can put on that we haven’t seen in years the potential is huge.

Yeah but will they?

We shall see...all of this is exactly why I have been building my own library all these years. No disappearing content, no subscribing to yet another service with yet another monthly fee with yet another login and password. Fatigue has to set in with all this stuff eventually.

And really, 2 years to get it up and running? That's an eternity these days.

 

[Pixieish]

Yeah but will they?

We shall see...all of this is exactly why I have been building my own library all these years. No disappearing content, no subscribing to yet another service with yet another monthly fee with yet another login and password. Fatigue has to set in with all this stuff eventually.

And really, 2 years to get it up and running? That's an eternity these days.

My concern is that it will end up like the Disney Family Movies cable channel. Once in a great while there's something good on there, but it never has more than about a dozen choices to begin with, and most of them are the not-so-popular stuff.

 

[MuteSuperstar]

My concern is that it will end up like the Disney Family Movies cable channel. Once in a great while there's something good on there, but it never has more than about a dozen choices to begin with, and most of them are the not-so-popular stuff.

I would bet on mediocrity but I'm cynical like that. Not just about Disney, to be sure.

If they have all the Disney Treasures stuff, True Life Adventures, the entire run of Wonderful World of Disney/Color etc, then I'll be impressed. I still won't subscribe, but I'll be impressed.

 

[Pixieish]

I would bet on mediocrity but I'm cynical like that. Not just about Disney, to be sure.

If they have all the Disney Treasures stuff, True Life Adventures, the entire run of Wonderful World of Disney/Color etc, then I'll be impressed. I still won't subscribe, but I'll be impressed.

See, if they include SW and Marvel plus all their movies and the old stuff - even if it's in rotation, but having a full range of choices (similar to the way Netflix does it), we'll subscribe and cancel cable as long as the price is right.

 

[MuteSuperstar]

See, if they include SW and Marvel plus all their movies and the old stuff - even if it's in rotation, but having a full range of choices (similar to the way Netflix does it), we'll subscribe and cancel cable as long as the price is right.

I dumped cable long ago though I finally caved and subscribed to Sling strictly for sports. And dumped Netflix too. I mainly like older movies and shows anyway. I saw this coming a while back so I've been building my own personal Netflix based purely on my own interests. I'd rather buy a bluray of something I want or find an old one in the clearance racks and put them on my hard drive than rely on a service that changes constantly at the whims of a provider.

 

[Pixieish]

I dumped cable long ago though I finally caved and subscribed to Sling strictly for sports. And dumped Netflix too. I mainly like older movies and shows anyway. I saw this coming a while back so I've been building my own personal Netflix based purely on my own interests. I'd rather buy a bluray of something I want or find an old one in the clearance racks and put them on my hard drive than rely on a service that changes constantly at the whims of a provider.

I find that Netflix is great for their own content and newer stuff, and Amazon Video is great for older stuff and documentaries (we pay for Amazon prime anyway, so we'd have it regardless.) No one in my household is into sports, most of what my husband watches is movies, comedy, and sitcom reruns, the kids watch mostly Disney or stuff on Netflix...so I'm the one with the widest variety of tastes, and they'd be covered by the three services at around 1/5 the cost of cable - even including paying for a higher tier Netflix subscription for multiple-device simultaneous streaming.

 

[MuteSuperstar]

Yes I think having new releases would be very very important for this Disney service. I would wager we will see windows where new stuff shows up there a couple of weeks before Redbox, iTunes, etc. The average person cares mostly about new releases, so they will need to focus on newer stuff and original shows, which is why I fear the classic stuff will get short shrift. Again, we shall see. I hope it's good for the folks who want it.

 

[HauntedMansionFLA]

I would bet on mediocrity but I'm cynical like that. Not just about Disney, to be sure.

If they have all the Disney Treasures stuff, True Life Adventures, the entire run of Wonderful World of Disney/Color etc, then I'll be impressed. I still won't subscribe, but I'll be impressed.

Yes, this would be great. I’m sure they would have a trier system in place. Maybe they would have the guts to put Song if the South on.

 

[HauntedMansionFLA]

Yeah but will they?

We shall see...all of this is exactly why I have been building my own library all these years. No disappearing content, no subscribing to yet another service with yet another monthly fee with yet another login and password. Fatigue has to set in with all this stuff eventually.

And really, 2 years to get it up and running? That's an eternity these days.

Yes, two years is a long time. I’m sure they will be banking in the Star Wars TV show us o help it off the ground with a bang.

 

[ford91exploder]

You don't have a clue what the "studio executives" like or don't' like. You have no information. You're not an insider.

If you're so much into their minds, then answer my question in the other thread as to why they would 'hide' their Millennium Falcon movie prop. I kinda noticed that you didn't have an answer for that since you got stuck making fun of Disney because of a click-bait article title and had all the wrong information... like you usually do.

You don't do ad hominem very well...

It's not necessary to be an 'insider' to determine the tastes of the people involved in a creative process, The finished product is all that is required for that analysis.

Also the 'real' insiders don't reveal squat because most of them would like to continue working in their industry revealing corporate secrets in any industry is the fast track to voided contracts and being unemployed and unemployable.

What the executives like is whats been flopping at the box office of late. The studio executives are delusional enough to see themselves as 'market makers' and what they like will be a commercial success.

Problem is of late it has not been.

Hollywood has become Hollyweird a literal sewer of perversion and vice and the products of late reflect that as well as the non stop revelations of intolrable behavior.

Should be fun when the Chinese 'investors' in reality the CCP insist on greater creative control of Hollyweird's output,

Looking forward to the romantic depictions of the 'Great Leap Forward' where basically anyone with a university education was either liquidated or sent to a lifetime sentence of being an agricultural worker. Where the 'running dog capitalist' finds enlightenment in a lifetime of involuntary servitude to the state.

 

[MisterPenguin]

You don't do ad hominem very well...

It's not necessary to be an 'insider' to determine the tastes of the people involved in a creative process, The finished product is all that is required for that analysis.

It's not ad hominem. Ad hominem would be dismissing what you say because you're you. I dismissed what you said because you claim to have knowledge of what Disney executives think and you have no source for that. You set yourself up as the authority for that info. And argument from authority is a fallacy.

What the executives like is whats been flopping at the box office of late. The studio executives are delusional enough to see themselves as 'market makers' and what they like will be a commercial success.

Another bald faced lie from you. Liar liar. Almost all movies from Disney in the past decade have been profitable... very profitable.

Should be fun when the Chinese 'investors' in reality the CCP insist on greater creative control of Hollyweird's output,

Looking forward to the romantic depictions of the 'Great Leap Forward' where basically anyone with a university education was either liquidated or sent to a lifetime sentence of being an agricultural worker. Where the 'running dog capitalist' finds enlightenment in a lifetime of involuntary servitude to the state.

Worst. Systems Analyst. Ever.

I'm just judging you by your finished product.


And you still haven't answered why Disney is hiding their Millennium Falcon movie prop. Care to apologize for dissing Disney because your constant anti-Disney animus caused you to fall for a click-bait title and embarrass yourself?