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

[Sirwalterraleigh]

It’s been busy today…what did I miss?

 

[Stripes]

Based on $DIS performance this week, I think investors have a Peltz win built in at this point. I'd expect to see a $5-$10 per share drop if he ends up losing on Wednesday.

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The stock went up slightly when Glass Lewis announced their support for Disney’s board. And it didn’t move an inch when ISS came out in favor of Peltz.

I don’t think the market cares about whether Peltz gets on the board or not.

Also, the stock performance this week is clearly driven by the numerous price target increases from numerous analysts.

 

[Brian]

The stock went up slightly when Glass Lewis announced their support for Disney’s board. And it didn’t move an inch when ISS came out in favor of Peltz.

I don’t think the market cares about whether Peltz gets on the board or not.

It's up by about 4% more than its peers this week, and it's not like there were any other market moving events, unless you consider the new WDW bus order a market mover. I suspect the proxy fight played a role this week, and considering it was a better week for Trian than it was Disney, that's what leads me to my conclusion.

 

[Stripes]

There is no reason why almost every single major Disney production had a $250M+ price tag, not including marketing. Disneys biggest problem in streaming and studios is that they CAN NOT control their costs.

Well, those big budgets worked extremely well for them over the past 10 years. Disney focused on blockbusters and they got their money’s worth at the box office. Also, Disney’s animators primarily work in the U.S. which is not the case for their biggest competitor.

Obviously the financial underpinning of the movie business has dramatically shifted I definitely think you’ll see lower budgets over the next 5 years unless something changes.

Their streaming productions have for the most part become failures. Multiple recent MCU Disney+ flops. The recent Star Wars D+ flops. Even ratings data suggest that the Swift concert D+ thing flopped.

I’ve loved some of the recent Star Wars content. Some of it I enjoyed more than the original trilogy.

Not sure about ratings but The Bear, Only Murders in the Building, and Shogun have been excellent! And some of the best stuff on streaming right now.

 

[monothingie]

It’s been busy today…what did I miss?

 

[Stripes]

It's up by about 4% more than its peers this week, and it's not like there were any other market moving events, unless you consider the new WDW bus order a market mover. I suspect the proxy fight played a role this week, and considering it was a better week for Trian than it was Disney, that's what leads me to my conclusion.

The stock increases were directly correlated with analysts increasing their price targets.

The ISS announcement was the best news the Peltz team notched and the stock didn’t move one bit that day.

Your analysis is incorrect.

 

[Brian]

The stock increases were directly correlated with analysts increasing their price targets.

The ISS announcement was the best news the Peltz team notched and the stock didn’t move one bit that day.

Your analysis is incorrect.

I only saw one upgrade this week out of four new analyses (others were maintain). Would you link me to what you're seeing?

 

[Serpico Jones]

 

[Indy_UK]

I haven’t been following more recently but if I’ve got this right, Peltz is getting a lot more votes than originally thought and Iger is in trouble?

 

[Brian]

I haven’t been following more recently but if I’ve got this right, Peltz is getting a lot more votes than originally thought and Iger is in trouble?

If the WSJ article is to be believed, Peltz is getting more votes than expected, but it remains to be seen if Iger is in trouble since it's not possible to know who hasn't voted, and of those, how many will, and how those votes will fall.

 

[monothingie]

Well, those big budgets worked extremely well for them over the past 10 years. Disney focused on blockbusters and they got their money’s worth at the box office. Also, Disney’s animators primarily work in the U.S. which is not the case for their biggest competitor.

They worked extremely well, because Disney was making movies the audiences wanted to see. Audience tastes have changed for a wide variety of reasons, you pick. Pointing to the past history of success and proclaiming it as the main reason for future success is shortsighted. It also became unsustainable when everything produced had to gross almost $1B just to break even.

Obviously the financial underpinning of the movie business has dramatically shifted I definitely think you’ll see lower budgets over the next 5 years unless something changes.

Disney has to because it can’t afford to continue to loose audience and money with tentpole movies loosing hundreds of millions.

I’ve loved some of the recent Star Wars content. Some of it I enjoyed more than the original trilogy.

I respect your take, but for a wide variety of reasons the average member of the audience doesn’t share that take. Other than Mando season 1/2, everything since TLJ has been of diminishing quality.

Not sure about ratings but The Bear, Only Murders in the Building, and Shogun have been excellent! And some of the best stuff on streaming right now.

All of which are titles that originated from studios outside of TWDC that were then purchased.

 

[Casper Gutman]

Also, Disney’s animators primarily work in the U.S. which is not the case for their biggest competitor.

Several posters are arguing for cheap, lower-quality animation made abroad rather than in America and an even greater reliance on sequels… they just won’t admit it.

 

[Casper Gutman]

They worked extremely well, because Disney was making movies the audiences wanted to see. Audience tastes have changed for a wide variety of reasons, you pick. Pointing to the past history of success and proclaiming it as the main reason for future success is shortsighted. It also became unsustainable when everything produced had to gross almost $1B just to break even.

Tell us, specifically, how tastes have changed.

I respect your take, but for a wide variety of reasons the average member of the audience doesn’t share that take. Other than Mando season 1/2, everything since TLJ has been of diminishing quality.

Andor is the best Star Wars media since Empire and it’s not close.

All of which are titles that originated from studios outside of TWDC that were then purchased.

Buying outside content is how streaming works, and how it will work to an even greater extent in the future.

But… in this case, your claim is flat out untrue. Bear is entirely produced by Disney and Shogun and Only Murders are produced by Disney and partners.

 

[monothingie]

Tell us, specifically, how tastes have changed.

Super Hero movie fatigue?

Andor is the best Star Wars media since Empire and it’s not close.

It’s the best Star Wars that no one watched.

Buying outside content is how streaming works, and how it will work to an even greater extent in the future.

But… in this case, your claim is flat out untrue. Bear is entirely produced by Disney and Shogun and Only Murders are produced by Disney and partners.

All were under studios and operations owned and greenlit by 21CF that TWDC purchased. To say it was a Disney created production is not accurate.

 

[Trauma]

Super Hero movie fatigue?

It’s the best Star Wars that no one watched.

All were under studios and operations owned and greenlit by 21CF that TWDC purchased. To say it was a Disney created production is not accurate.

It is interesting that the best Disney created content is content no one associates with Disney.

99% of people watching Shogun are never making that connection.

Wonder why that is…

 

[The Mom]

Posters who cannot refrain from calling other posters liars, etc will not be allowed to post in this thread.

 

[Casper Gutman]

It’s the best Star Wars that no one watched.

This was not your claim. Your claim was about quality.

All were under studios and operations owned and greenlit by 21CF that TWDC purchased. To say it was a Disney created production is not accurate.

Not true. All three shows were developed and greenlit by production companies owned by Disney at the time they were developed and greenlit.

 

[TalkingHead]

That is exceedingly dumb, trying to write away Avatar 2 is hilarious. Though consistent, because I know being 15 months out from the second biggest movie of all time hurts the Disney is doomed arguement.

But fine, Mario also only half counts since Nintendo was in the equation - so I’m glad to learn from you Disney won the 2023 box office year as per your ‘math’. I guess we’re back up to 7? Facts on alternative facts.

It’s not dumb to point out Avatar 2 is an anomaly in the Disney tentpole stable. A franchise that gives complete control to one filmmaker, values craftsmanship over the content mill, is a franchise that hasn’t overextended itself, a film that pushes PLF theatrical experience. None of those things are really true of SW, MCU, live-action remakes, Indy 5, etc.

 

[Nubs70]

Indeed!

Rank | Movie (Distributor) | Profit

1. Avatar: The Way Of Water (Disney) – $531.7M
2. Top Gun: Maverick (Paramount) – $391.1M
3. Minions: The Rise of Gru (Universal) – $382.0M
4. Doctor Strange in the Multiverse of Madness(Disney) – $284.0
5. Black Panther: Wakanda Forever (Disney) – $259.0M
6. Jurassic World Dominion (Universal) – $229.7M
7. The Batman (Warner Bros) – $177.0M
8. Puss In Boots: The Last Wish (Universal) – $120.2M
9. Thor: Love and Thunder (Disney) – $103.0M
10. Smile (Paramount) – $101.0M

What is the ROI on these profits?

 

[Brian]

What is the ROI on these profits?

Doesn't matter. Disney should be allowed to squander as much money as they please without any accountability to the shareholders so long as it means putting out new things. /s