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

[DCBaker]

So $DIS is looking to spend out the end of the quarter to start next year with better numbers......

More details from THR - the September 30 date is just an initial deadline.

"Roberts reported that Sept. 30 will mark an initial deadline to set in motion Disney using a put option that would require the studio that owns the remaining two-thirds in Hulu to take over its minority stake. “As of Sept. 30, after some short period of time, Disney can call, we can put, and I believe that’s what will end up happening,” Roberts told the Goldman Sachs Communcacopia + Technology Conference during a session that was webcast about the Disney-Charter carriage dispute.

He also talked about the valuation for the Hulu stake, which would likely have a floor of just under $30 billion. “I think we are excited to get this resolved and the minimum of $27.5 billion, that was just a hypothetical we picked out five years. The company is way more valuable today than it was then,” Roberts said, while arguing Hulu and Netflix are “in a class by themselves.”

He added the put call to be triggered around 30 days after the start gun is fired on Sept. 30, but that both parties were appraising the value of the Hulu stake and more possible suitors may step forward. “That’s a scarce kingmaker asset,” Roberts said of the Hulu stake set to go up for auction."

Comcast CEO Moves Up Hulu Stake Sale Timeline, Touts $30B-Plus Valuation

Brian Roberts also said Disney will likely soon use a put option to take over NBCUniversal’s minority stake in Hulu after a sales process starting Sept. 30.

www.hollywoodreporter.com

 

[flynnibus]

Doesn't make sense. Iger does wake up early then works out 45 min on his home gym Versa climber ( not for the faint of heart ) then the article says he then showers in his office ? After 45 min of any cardio you would be drenched in sweat.

read again

 

[kingdead]

Doesn't make sense. Iger does wake up early then works out 45 min on his home gym Versa climber ( not for the faint of heart ) then the article says he then showers in his office ? After 45 min of any cardio you would be drenched in sweat.

He needed the shower to freshen up to go out on the town, he was sleeping there, other people were sleeping there (although I'm sure if any such gossip was true, that was Eisner! no imputations to Iger's clean living ) Chapek is the straitlaced country mouse.

 

[Zipadeelady]

The end of Disney is upon us

I'd roll my eyes if it was an option.

 

[Doberge]

More details from THR - the September 30 date is just an initial deadline.

"Roberts reported that Sept. 30 will mark an initial deadline to set in motion Disney using a put option that would require the studio that owns the remaining two-thirds in Hulu to take over its minority stake. “As of Sept. 30, after some short period of time, Disney can call, we can put, and I believe that’s what will end up happening,” Roberts told the Goldman Sachs Communcacopia + Technology Conference during a session that was webcast about the Disney-Charter carriage dispute.

He also talked about the valuation for the Hulu stake, which would likely have a floor of just under $30 billion. “I think we are excited to get this resolved and the minimum of $27.5 billion, that was just a hypothetical we picked out five years. The company is way more valuable today than it was then,” Roberts said, while arguing Hulu and Netflix are “in a class by themselves.”

He added the put call to be triggered around 30 days after the start gun is fired on Sept. 30, but that both parties were appraising the value of the Hulu stake and more possible suitors may step forward. “That’s a scarce kingmaker asset,” Roberts said of the Hulu stake set to go up for auction."

Comcast CEO Moves Up Hulu Stake Sale Timeline, Touts $30B-Plus Valuation

Brian Roberts also said Disney will likely soon use a put option to take over NBCUniversal’s minority stake in Hulu after a sales process starting Sept. 30.

www.hollywoodreporter.com

This sounds like someone trying to argue for more trade in value for an old car.

 

[Sirwalterraleigh]

This is the fiscal year of crap. Next two years should be interesting.

And do you know why it’s that?

 

[Sirwalterraleigh]

I'd roll my eyes if it was an option.

I would too…

…if I could convince myself to unequivocally dismiss the idea that Bob is trying it to sell it no matter the cost in an effort to save his ego and the body part located half between his hairline and his toes on the posterior side

…but that wouldn’t be a wise idea

 

[Sirwalterraleigh]

How we doing on the market today?

Did the $79.99 sale start yet?

 

[brb1006]

CNBC's illustration of Chapek steering the wheel with Iger giving him directions just made my afternoon.

These two scenes from Spongebob pretty much sums up Chapek's short-run as Disney's CEO

(2020- late 2022)


(Late November 2022 replace Mrs Puff as Iger and Spongebob as Chapek)

 

[kingdead]

I would too…

…if I could convince myself to unequivocally dismiss the idea that Bob is trying it to sell it no matter the cost in an effort to save his ego and the body part located half between his hairline and his toes on the posterior side

…but that wouldn’t be a wise idea

I don't even think it's about saving that particular body part. A sale to Apple would preserve the company with certain values that Iger probably does genuinely feel strongly about. Keep it out of the grubby hands of DeSantis types. (I'm sure it'll do wonders for Iger's personal fortune as well, but nobler purposes and all that!)

Of course, in reality a sale might not achieve these aims because business is business, but if there's anyone who knows "it's about the story you tell yourself" it would be Iger!

 

[Disgruntled Walt]

Doesn't make sense. Iger does wake up early then works out 45 min on his home gym Versa climber ( not for the faint of heart ) then the article says he then showers in his office ? After 45 min of any cardio you would be drenched in sweat.

This was the inspiration for the Journey of Water!

 

[JoeCamel]

This sounds like someone trying to argue for more trade in value for an old car.

It sounds like Roberts still has Bobby's number and knows where his buttons are

 

[Sirwalterraleigh]

It sounds like Roberts still has Bobby's number and knows where his buttons are

He’s so much smarter/better than the weatherman…I was reminded of that reading it.

We forget because his family built a crappy cable company…
Because all cable companies are crap and everyone hated theirs.

 

[Lilofan]

He needed the shower to freshen up to go out on the town, he was sleeping there, other people were sleeping there (although I'm sure if any such gossip was true, that was Eisner! no imputations to Iger's clean living ) Chapek is the straitlaced country mouse.

Definitely uses executive bathroom to shave. Haven't seen a pic of Iger with a mustache or beard. Iger using the Mickey soap from the resorts?

 

[MisterPenguin]

For those that keep clamoring D+ is going to reach profitability by 2024, here’s a few buckets of cold water on that proposition (presumably by someone in the know, perhaps Chapek or Daniel):

View attachment 741172

Source of that?

 

[Tha Realest]

Source of that?

It’s a screenshot from the article we’re all taking about. It’s a long read so take your time.

 

[MisterPenguin]

Another data point on the D+ stuff- this seems like a need to juice the subscriber numbers over the next few months.

It’s a little odd the D+ division is giving away this content for free they’re paying the other side of the house roughly $200M over the next week (TLM and Elemental streaming rights payoff) but things must be desperate.

Disney+ Slashes Price for a Few Weeks In Promo Effort to Boost Ad-Supported Subscribers

Disney will offer Disney+ for $1.99 per month as it prepares to debut 'Elemental' on Sept. 13 and the live-action 'Little Mermaid' on its streaming service.

www.hollywoodreporter.com

As mentioned above:

1. All streamers (and just about every business) runs sales and discounts to drum up business.

2. This isn't just about subs, it's about subs signing up for the cheaper ad-supported tier. Since the ad supported tier brings in ad dollars, this isn't a huge loss for D+ (if any loss at all -- a sub at the ad-supported tier brings in more cash per household than the premium tier).

Thus, it's not desperation, but good marketing.

 

[MisterPenguin]

Sacrificing 100 years of Hollywood business strategy in order to force streaming numbers. Maybe they should call D+ Iger’s folly.

You know that for 100 years movies were discounted for matinees, right?

 

[MisterPenguin]

And, seeing how Netflix leapfrogged them,

Technically, Netflix had always been ahead. Profit-wise and subs. But among all the other non-Netflix streamers, Disney has caught up the most, especially if you add in ESPN+ and hulu.

 

[CinematicFusion]

Comcast, Disney move up deadline to decide Hulu future ownership​

• Comcast and Disney have modified their agreement to officially begin the process of deciding Hulu's future ownership to late September, Comcast CEO Brian Roberts said Wednesday at an investor conference.
• Comcast owns 33% of Hulu after reaching a deal with Disney five years ago that initially was set to run through January 2024.
• The deal set the floor valuation for Hulu at $27.5 billion, which Roberts believes the platform has surpassed since then.

Comcast, Disney move up deadline to decide Hulu future ownership

Comcast and Disney have been in discussions regarding Hulu's valuation.

www.cnbc.com