News The Walt Disney Company Board of Directors Extends Robert A. Iger’s Contract as CEO Through 2026

[Casper Gutman]

Peltz withholding his votes for Iger highly suggests he expects will leave if he and/or Rasulo win, since he knows damn well Iger won't willingly work with him if he wants to risk losing employees' trust (which is already bruised after the layoffs and the strikes, especially his comments on the latter).

No one still cares about Iger’s dumb strike comments.

 

[TalkingHead]

I think the stock rise has everything to do with investors and the market having much more confidence that Iger is successfully putting the company on a lucrative trajectory

Wonder how much of that is due to Disney tabling any big releases for six-eight months. Wish was the last one, and the next isn’t until summer. It let the air clear of those bad sentiments about Disney 2023 tentpoles, and let investors ignore what’ll happen if/when the 2024 releases underperform.

 

[Sirwalterraleigh]

Several upgrades from analysts. It seems streaming bubbly sentiment is also back on as it has a similar 6 month trend to Netflix. Underlying positive financial metrics in the company are being increasingly realized, but that was mostly in the February bump. I think the market also liked the end of the Florida lawsuits.

Yeah…

Or it’s being pumped due to buybacks and the proxy battle

If Disney + makes a million bucks a quarter…that gonna change anything?

It’s the “climate”…not the product.
Wall Street as a whole hasn’t been this drunk in maybe ever…

 

[Casper Gutman]

When a studio promotes a film heavily for a major theatrical release, that alerts audiences to its existence and signifies that it is a “legitimate” film. Even if consumers don’t go to see the movie in theaters, it dramatically increases the chances they seek it out through ancillary outlets. It also dramatically enhances the chance the film gains enough of a cultural foothold to move related merchandise. We’ve known all this for decades.

For several years, however, Wall Street and Hollywood forgot. The result was a cascade of undifferentiated straight-to-streaming content in which even major films like a Matrix sequel or Pixar feature failed to stand out from a torrent of noise. We had to learn the lesson again - theatrical release serves a purpose that extends far beyond a films theatrical run.

 

[Stripes]

Peltz withholding his votes for Iger highly suggests he expects will leave if he and/or Rasulo win, since he knows damn well Iger won't willingly work with him if he wants to risk losing employees' trust (which is already bruised after the layoffs and the strikes, especially his comments on the latter).

And if I’m reading the market correctly, investors do not want Iger to leave. They want a good succession plan. And those are two very different things.

 

[Sirwalterraleigh]

No one still cares about Iger’s dumb strike comments.

Long past

Like MCU box office receipts from 2016…see how that works?

 

[Sirwalterraleigh]

When a studio promotes a film heavily for a major theatrical release, that alerts audiences to its existence and signifies that it is a “legitimate” film. Even if consumers don’t go to see the movie in theaters, it dramatically increases the chances they seek it out through ancillary outlets. It also dramatically enhances the chance the film gains enough of a cultural foothold to move related merchandise. We’ve known all this for decades.

For several years, however, Wall Street and Hollywood forgot. The result was a cascade of undifferentiated straight-to-streaming content in which even major films like a Matrix sequel or Pixar feature failed to stand out from a torrent of noise. We had to learn the lesson again - theatrical release serves a purpose that extends far beyond a films theatrical run.

Bombs don’t “profit” off Disney plus.

Please stop with this nonsense. It’s been 18 months of trying to put a dress on Bob’s pig

 

[Casper Gutman]

Long past

Like MCU box office receipts from 2016…see how that works?

How about MCU receipts from 2022? Or, in the case of GotG3, summer 2023?

If you think Iger’s comments had the same long-term resonance, even within the industry, as the most successful film franchise in history, you’re not real bright.

 

[Sirwalterraleigh]

And if I’m reading the market correctly, investors do not want Iger to leave. They want a good succession plan. And those are two very different things.

You got all that from the Dow going up everyday?

We’re gonna find out soon.
It’s entirely possible the big investors want Peltz to get the seat to ensure there is a succession plan. Which there is not currently. If you read the rating agencies that backed the proxy…they specifically harp on succession.

And crap aside…that’s what we all should want. It’s long overdue. It’s what is needed.

 

[Sirwalterraleigh]

How about MCU receipts from 2022? Or, in the case of GotG3, summer 2023?

If you think Iger’s comments had the same long-term resonance, even within the industry, as the most successful film franchise in history, you’re not real bright.

But they are not performing well…now…

And you think that doesn’t mean anything.
And you are WRONG.

 

[Casper Gutman]

Bombs don’t “profit” off Disney plus.

Please stop with this nonsense. It’s been 18 months of trying to put a dress on Bob’s pig

You seem unclear on… everything.

I was not talking about Disney+, I was talking about a basic fact of the entertainment industry. And yes, even bombs do better in ancillary markets after a major theatrical push then they do if they’re just released strait-to-streaming.

 

[Stripes]

Wonder how much of that is due to Disney tabling any big releases for six-eight months. Wish was the last one, and the next isn’t until summer. It let the air clear of those bad sentiments about Disney 2023 tentpoles, and let investors ignore what’ll happen if/when the 2024 releases underperform.

Studio entertainment is the creative fuel for the company, but it’s not what brings in the money. Investors want to see Disney’s streaming business generate lucrative returns. The success of films at the box office pales in comparison.

I think there’s several reasons why the slate was pushed back.

(1) To reset customer expectations for streaming release timelines. (Wish still isn’t on Disney+.)
(2) To rework some films that the studio didn’t have confidence in.
(3) It’s likely the strikes had some impact on release timelines
(4) It removed the possibility of bad headlines in the midst of the proxy fight.

 

[Sirwalterraleigh]

You seem unclear on… everything.

I was not talking about Disney+, I was talking about a basic fact of the entertainment industry. And yes, even bombs do better in ancillary markets after a major theatrical push then they do if they’re just released strait-to-streaming.

That does not make them successes. It’s just the secondary distribution that has always been there. Used to be vhs tapes…now it’s streaming.

 

[Casper Gutman]

Studio entertainment is the creative fuel for the company, but it’s not what brings in the money.

I think there’s several reasons why the slate was pushed back.

(1) To reset customer expectations for streaming release timelines. (Wish still isn’t on Disney+.)
(2) To rework some films that the studio didn’t have confidence in.
(3) It’s likely the strikes had some impact on release timelines
(4) It removed the possibility of bad headlines in the midst of the proxy fight.

It also hopefully created some distance from the endless political attacks.

 

[Casper Gutman]

That does not make them successes. It’s just the secondary distribution that has always been there. Used to be vhs tapes…now it’s streaming.

Read the thread before commenting.

 

[Sirwalterraleigh]

Wonder how much of that is due to Disney tabling any big releases for six-eight months. Wish was the last one, and the next isn’t until summer. It let the air clear of those bad sentiments about Disney 2023 tentpoles, and let investors ignore what’ll happen if/when the 2024 releases underperform.

2024 isn’t looking any better…

But having an empty schedule is an old Bob tactic…and for his purposes - it’s smart. They don’t want movies coming out given the corporate turmoil right now…

Remember when they made 3 consecutive awful Star Wars movies to “cool” the stench?

…yeah

 

[Sirwalterraleigh]

It also hopefully created some distance from the endless political attacks.

That really depends on what they do going forward.

 

[Sirwalterraleigh]

Read the thread before commenting.

You say the same 3 “points” over and over again…now throw some shade about “agendas” and we can move on

 

[Slpy3270]

And if I’m reading the market correctly, investors do not want Iger to leave. They want a good succession plan. And those are two very different things.

The problem is a good portion of the market also wants Peltz on the board despite Iger not wanting to work with him. They want to have their cake and eat it, too.

 

[Sirwalterraleigh]

Given that Rasulo apparently hasn’t received much traction, don’t you think it’s a likely possibility that the votes that have been cast thus far are likely from firms whose votes are essentially dictated by ISS’s recommendation? It also doesn’t line up with your thesis that investors are aching for ”change, any change.” If they wanted more change, they would also be voting for Rasulo to give Peltz more power in the boardroom.

I think the stock rise has everything to do with investors and the market having much more confidence that Iger is successfully putting the company on a lucrative trajectory as well as the significant improvements in the company’s earnings.

You do understand that the entire “trajectory” was set under Iger, correct?
He was only gone for 18 months…

And has since blamed chapek for having to reorganize his own previous reorganization

The bombs at the box office were in development long before 2020-21…

And park stagnation? That was set along time ago

The buffoonery of chapek just made it more publicly embarrassing…it didn’t set the course