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Walt Disney Company fourth quarter 2020 financial results to be released mid-November

JoeCamel

Well-Known Member
Can they shuffle enough capex and other expenses within the quarter by shutting/mothballing projects and laying off people to move the numbers this much? Does capex even show up in a quarterly report enough to matter?
I guess I ask if they are making more than expected rather than losing less than expected and that is how they got these numbers.
 

MisterPenguin

Rumormonger
Premium Member
Compared to last year's 4Q whose profit was $3.425 Billion, the 4Q profit in 2020 was only $0.606 Billion.

Compared to previous year's profit of $14.847 Billion, this past financial year's profit was only $8.108 Billion.
 
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MisterPenguin

Rumormonger
Premium Member
Q: Moffat Nathanson: ESPN cost cuts... content rights? cut back on rights (to save money)?

RE: cutting back on number of movies to make them higher quality.


A: Bob: We're watching costs... duh.

Yes, we've been discriminate in quality control. But now we need to minimize churn for D+. New content = new subs, so, we're ramping up.
 

MisterPenguin

Rumormonger
Premium Member
Q: JP Morgan: What did you learn from Mulan? PVOD? Soul?

Parks: You made a lot of cuts. Can you squeeze more money out of it?!


A: Bob: Pleased by Mulan's release. But it met with controversy. But did well up to the controversy. More at investor's day.

Soul went to D+ for content.

Parks: We like what we see. Increased effectiveness and numbers even while staying within protocols. WDW went from 25% to 35% capacity while staying within CDC protocols.

The demand for parks is up. Can't keep them away. We're so great and trustworthy.
 

MisterPenguin

Rumormonger
Premium Member
Q: Morgan Stanley: Will there be additional costs for integration of 20th.

You restructured the corporation... separating monetization from creation... what's up?


A: Christine: We did great integrating 20th Century and reducing operational costs.

Bob: We're confident in what we did. We're totally sure every employee agrees! We let creatives create, and let distributors worry about budget and distribution.
 

techgeek

Well-Known Member
This all, unfortunately, validates entirely the spreadsheet approach to parks and resorts. Bob and Bob won, at least for another quarter... and another quarter brings us closer to the cuts holding as the new normal, unless they serve the spreadsheet.

This is the way.
 

MisterPenguin

Rumormonger
Premium Member
Q: Bank of America: Change in management of Star?

Did sports viewing decline? What's up? Long term effects.


A: Bob: Sports... ratings doing well relatively to a crisis. E.g., only 4% decline in NFL during this time is good news that it didn't collapse.

India Star: We're confident in what's happening there. Much success.
 

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