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

[Magenta Panther]

Very, very quietly they changed their forward sub guidance. Though I’m sure it’s not entirely unnoticed.

The forward guidance was 5.5-6 million sub ads for Q2 but the claim is now a max of 1.6 were added (from 111.3 on their Q1 report).

Now, granted, in the grand scheme of things it’s not actually bad. Minor sub gains on the back of a 30% price hike being more effectively rolled out is fantastic. But it is a miss of their guidance, which I always thought was somewhat suspect to begin with.

Maybe way too much expectancy on Taylor.

View attachment 777141

Both Elemental and the Mermaid remake were box-office disappointments. I'm surprised they were included in that box office number. Plus, Disney LOST millions last year due to flops. Oh well, shills are gonna shill...

 

[BrianLo]

Both Elemental and the Mermaid remake were box-office disappointments. I'm surprised they were included in that box office number. Plus, Disney LOST millions last year due to flops. Oh well, shills are gonna shill...

Elemental is weird, I think Disney has happily reframed it as a success, which it ultimately is. Little Mermaid has the benefit of a slew of under performers. In hindsight it looks good.

 

[the_rich]

Elemental is weird, I think Disney has happily reframed it as a success, which it ultimately is. Little Mermaid has the benefit of a slew of under performers. In hindsight it looks good.

Elemental had a terrible opening but it had fantastic legs and definitely was a moderate success. Though I'm sure they were expecting more. Little mermaid also broke even. Now I'm sure they thought they had an Aladdin level hit but it didn't lose money.

 

[BrianLo]

The more I think about it, that slide is clearly all fiscal year data and therefore the 112 subs is sept 30th data.

The main reason they did this was to include Way of Water and drop Marvels/Wish. Though it picks up Strange World.

I see what you did there guys….

 

[BrianLo]

Elemental had a terrible opening but it had fantastic legs and definitely was a moderate success. Though I'm sure they were expecting more. Little mermaid also broke even. Now I'm sure they thought they had an Aladdin level hit but it didn't lose money.

They were and then they weren’t and then it exceeded that greatly. They definitely wanted more BO in totality, but I think they are quite pleased it swelled and has turned into a Coco level Pixar contender post theatrically. It was a wild ride of expectancy, but post mortem I think they are very, very pleased.

There’s an off chance Elemental could find itself on a parks addition shortlist if it keeps up the next few years.

 

[flynnibus]

What I see is a company that has been floundering to me for the last 3+ years.. going in directions I didn't like.

But now the company has flat out said they were wrong... and have set the markers pointing in directions I like. They still have to execute, but I sure like the outline better than where they were 3yrs ago where they were doubling down on basically everything I didn't like. I still think don't they are ambitious enough with the domestic park product and DVC needs to die... but hopefully there will be creations I want to go see.

If we can just move on from K Kennedy already I think the round up will be complete.

 

[Kamikaze]

Very important. Will she take orders from Iger as he continues to run the company from the sidelines?

They'd be crazy to not have him on call for the next CEO, whoever it is.

 

[Serpico Jones]

What I see is a company that has been floundering to me for the last 3+ years.. going in directions I didn't like.

But now the company has flat out said they were wrong... and have set the markers pointing in directions I like. They still have to execute, but I sure like the outline better than where they were 3yrs ago where they were doubling down on basically everything I didn't like. I still think don't they are ambitious enough with the domestic park product and DVC needs to die... but hopefully there will be creations I want to go see.

If we can just move on from K Kennedy already I think the round up will be complete.

If they were going to remove Kathleen Kennedy they would’ve done that a few weeks ago before the proxy vote, imo.

 

[Lilofan]

View attachment 777179

Nope. Shareholders have spoken. Some just still upset their guy Peltz - Lost.

 

[Eric Graham]

Nope. Shareholders have spoken. Some just still upset their guy Peltz - Lost.

Did you happen to read that article in Fortune about Peltz? Just curious...

 

[peng]

Peltz will probably be back, guessing he'll bring Elon as his second candidate this time. Musk is talking way too much about disney to not think he's going to do something like that.

 

[Dranth]

Peltz will probably be back, guessing he'll bring Elon as his second candidate this time. Musk is talking way too much about disney to not think he's going to do something like that.

I wouldn't put it past him but even he must know that there is a limit to how much of his personal grievances people are going to put up with while his companies are losing money by the truck load. He may be rich enough to not care but he is messing with other people's money at this point.

I honestly wouldn't be the least bit surprised if we see movement to remove him from Tesla before we see an attempt against Iger.

 

[Eric Graham]

Was referring to Fortune's article: Peltz most overrated activist investor...They pressed him in the CNBC interview if he would sell his stake in DIS, but he would not answer. I believe he said he would step back and then come back again if his needs were not being met. He also spoke about some other big company he had his eyes on next, but he wouldn't tell the details of that....

 

[Dan Deesnee]

You have zero evidence that he actually wanted that. How would he know what the parks 'were'? He has no foggy-a clue.

When he was (on the board) at Pepsi, what was his big idea? Split up the company. He would waste time during every board meeting talking about nothing but that.

You're caught up on 'restoring magic' just like everyone was caught up on 'Save Disney' 20 years ago. It was BS both times.

Edited clarifying he didn't 'work' at Pepsi, he was a board member.

The "evidence" is literally the website and campaign he's been running on for over a year... I'm not doing the research for you. It's there. Go read it.

 

[Kamikaze]

The "evidence" is literally the website and campaign he's been running on for over a year... I'm not doing the research for you. It's there. Go read it.

Do you believe everything anyone says (like a politician)?

Just because you say something doesn't make it true. He was never going to support if his platform was 'cut everything and then take profits'. But since it was 'cut everything except the parks and restore magic by looking at parks spending', you're all in on him.

 

[Chip Chipperson]

Just because you say something doesn't make it true. He was never going to support if his platform was 'cut everything and then take profits'. But since it was 'cut everything except the parks and restore magic by looking at parks spending', you're all in on him.

And even then, he wanted the $60B park investment scrutinized to verify that there would be a strong enough ROI - and it's obvious from his true goal (make more money from his investment) that he was never going to support the spending for the planned expansions.

 

[mikejs78]

Peltz will probably be back, guessing he'll bring Elon as his second candidate this time. Musk is talking way too much about disney to not think he's going to do something like that.

Depends on what the stock does. If the stock rises another 15-20%+, Peltz won't be back. If it stays flat or declines, he will.

Whether or not a successor is at least named by late this year / early next year will also impact whether Peltz or someone else attempts another proxy fight.

 

[Brian]

Depends on what the stock does. If the stock rises another 15-20%+, Peltz won't be back. If it stays flat or declines, he will.

Whether or not a successor is at least named by late this year / early next year will also impact whether Peltz or someone else attempts another proxy fight.

I have a feeling that if a successor isn't named this year, @Sirwalterraleigh will be launching a proxy fight himself.

 

[Sirwalterraleigh]

I have a feeling that if a successor isn't named this year, @Sirwalterraleigh will be launching a proxy fight himself.

…I’ve got the website and some D rate celebrity endorsements ready to go

 

[Kamikaze]

And even then, he wanted the $60B park investment scrutinized to verify that there would be a strong enough ROI - and it's obvious from his true goal (make more money from his investment) that he was never going to support the spending for the planned expansions.

That's exactly why he wanted to know where it would be spent. No matter what it was, he would have said that was a bad use of the money.