DIS Shareholders and Stock Info ONLY

[ThornXBL]

Bought DIS shares for the first time last year, in an account on Fidelity. Does it take some time for the proxy voting materials to show up in my Documents?

 

[wabbott]

Bought DIS shares for the first time last year, in an account on Fidelity. Does it take some time for the proxy voting materials to show up in my Documents?

We have our shares in a MLPF&S account, and the notices have not arrived yet

 

[RivShore]

2024 Annual Meeting of Shareholders, which is scheduled to be held virtually at www.virtualshareholdermeeting.com/DIS2024 on April 3, 2024 at 10:00 A.M. Pacific Time

Anyone remember - was last year's was in person? If so, I guess it's not surprising the company wants control of the mute button for this one. LOL

 

[HokieRaven5]

Anyone remember - was last year's was in person? If so, I guess it's not surprising the company wants control of the mute button for this one. LOL

The meetings have all been virtual since the 2021 meeting.

Last in person was March 2020 in Raleigh.

 

[RivShore]

The meetings have all been virtual since the 2021 meeting.

Last in person was March 2020 in Raleigh.

Thanks. i vaguely remember a big deal being made about last year being the first in person annual meeting since the pandemic...maybe I'm thinking of the DVC annual meeting...or maybe I'm just getting old and don't remember s.....

 

[RivShore]

its owned real estate, which it says represent about 44% of its market cap, at cost,

If this is true - that nearly half of the company's share price is real estate at cost, what would it be at current market value? I think the value of the orange grove acres in Orlando have climbed a bit - per the FL county tax assessors, the total resort value is $124B, add to that DL, and all the other RE they own around the world and it really seems like you are getting all the other business's for next to nothing...but, yikes, this is sounding a bit too much like another company that for a century or so was an admired American institution - see Sears...

 

[BrianL]

I think splitting up, divesting, etc. would be a hige mistake. These guys are worse than the Peltz group, and he's working with Perlmutter! Right now, I'm still team Iger, not that a persuasive argument couldn't change my mind but I'm not seeing one.

 

[wabbott]

If this is true - that nearly half of the company's share price is real estate at cost, what would it be at current market value? I think the value of the orange grove acres in Orlando have climbed a bit - per the FL county tax assessors, the total resort value is $124B, add to that DL, and all the other RE they own around the world and it really seems like you are getting all the other business's for next to nothing...but, yikes, this is sounding a bit too much like another company that for a century or so was an admired American institution - see Sears...

Free markets are often inaccurate short-term, but over the long term have proven to be the most accurate value discovery mechanism humans have yet devised.

 

[RivShore]

I am by no means advocating for this real estate idea, just bringing it up for the class to discuss.

 

[wabbott]

I think splitting up, divesting, etc. would be a hige mistake. These guys are worse than the Peltz group, and he's working with Perlmutter! Right now, I'm still team Iger, not that a persuasive argument couldn't change my mind but I'm not seeing one.

This is what has concerned me all along, a takeover, like is going to soon occur with PARA. If that happens, it won't be Disney any more. The core company HAS to be kept together, and the extraneous enterprises should be sold.

 

[HokieRaven5]

I think splitting up, divesting, etc. would be a hige mistake. These guys are worse than the Peltz group, and he's working with Perlmutter! Right now, I'm still team Iger, not that a persuasive argument couldn't change my mind but I'm not seeing one.

Peltz is full of throwing darts at the wall and soundboard material, with a poison pill of Ike Perlmutter.

Blackwells comes in and just says “hold my beer here’s a get rich quick scheme and leave the company to die”

 

[RivShore]

I think splitting up, divesting, etc. would be a hige mistake. These guys are worse than the Peltz group, and he's working with Perlmutter! Right now, I'm still team Iger, not that a persuasive argument couldn't change my mind but I'm not seeing one.

I am just not impressed with the second iteration of Bob - he was gone a very short time and came back with no real ideas on how to fix things, except for the usual corp reorgs and cost cutting. He has no good answers for linear, or ESPN or India (except losing $10B on a merger deal). He had to bring back guys he helped drive away to try and sort it out...not a good look IMO.

 

[BrianL]

I am just not impressed with the second iteration of Bob - he was gone a very short time and came back with no real ideas on how to fix things, except for the usual corp reorgs and cost cutting. He has no good answers for linear, or ESPN or India (except losing $10B on a merger deal). He had to bring back guys he helped drive away to try and sort it out...not a good look IMO.

I mean, I agree to some extent, but I still think his approach is better than the two proxy groups.

 

[HokieRaven5]

I am just not impressed with the second iteration of Bob - he was gone a very short time and came back with no real ideas on how to fix things, except for the usual corp reorgs and cost cutting. He has no good answers for linear, or ESPN or India (except losing $10B on a merger deal). He had to bring back guys he helped drive away to try and sort it out...not a good look IMO.

The immediate turnoff of the Licensing of content rather than slowly migrating it over to D+ in the quest for subscribers might be one of their worst decisions. Sub growth was what WS was enamored with, until WS remembered that the goal of a business is to make $ after a year-ish.

That’s $1B or 2 in revenue that they just immediately ripped away without a solution.

 

[wabbott]

Peltz is full of throwing darts at the wall and soundboard material, with a poison pill of Ike Perlmutter.

Blackwells comes in and just says “hold my beer here’s a get rich quick scheme and leave the company to die”

I would be satisfied if we could get a couple of directors that were truly independent and had the innards to ask questions every once in a while. We've not had any since Roy Edward Disney and Stanley Gold left the board.

 

[HokieRaven5]

I would be satisfied if we could a couple of directors that were truly independent and had the innards to ask questions every once in a while. We've not had any since Roy Edward Disney and Stanley Gold left the board.

I don’t mind Peltz and Blackwells prodding Disney, but they don’t have any real substantive solutions either so I don’t see enough of a reason to back either of their proposals.

 

[wabbott]

I am just not impressed with the second iteration of Bob - he was gone a very short time and came back with no real ideas on how to fix things, except for the usual corp reorgs and cost cutting. He has no good answers for linear, or ESPN or India (except losing $10B on a merger deal). He had to bring back guys he helped drive away to try and sort it out...not a good look IMO.

After Eisner left, Iger stepped into the job just as the Pixar money machine was hitting its stride. He at least did have the good sense to repair the damage Eisner created with Steve Jobs. Pretty good smarts for someone who started out as a TV weatherman.

Remember, too, parks and cruising were printing money in the 2000s and 2010's, after all the new construction of the 90s.

So there he was, money running out on the floor, and he and the rest of the bunch thought that it was automatic, and no one would have to work any more. Just deposit the checks in the bank from now on. Everyone forgot what got them where they were.

Of course, that kind of money flow draws flies, and they buzz around and some are eventually hired as assistant-to's to this vice-president or that manager.

And that's where we are today.

 

[RivShore]

The immediate turnoff of the Licensing of content rather than slowly migrating it over to D+ in the quest for subscribers might be one of their worst decisions. Sub growth was what WS was enamored with, until WS remembered that the goal of a business is to make $ after a year-ish.

That’s $1B or 2 in revenue that they just immediately ripped away without a solution.

Yep, that was a big mistake and Iger was still a big part of those initial decisions. (The proxies really have me in a gang up on Iger mood. LOL)

 

[clarker99]

The immediate turnoff of the Licensing of content rather than slowly migrating it over to D+ in the quest for subscribers might be one of their worst decisions. Sub growth was what WS was enamored with, until WS remembered that the goal of a business is to make $ after a year-ish.

That’s $1B or 2 in revenue that they just immediately ripped away without a solution.

Total Licensing Termination Fees paid by Disney since Q1FY19: ~$6.2B

 

[HokieRaven5]

Total Licensing Termination Fees paid by Disney since Q1FY19: ~$6.2B

I like not being reminded of that number. Thanks.