DIS Shareholders and Stock Info ONLY

[wabbott]

https://www.hollywoodreporter.com/b...ancel-resubscribe-ampere-analysis-1235941007/

42 Percent of U.S. Streaming Users Regularly Cancel and Resubscribe, But Bundles Reduce Churn (Study)

“As the SVOD market in the U.S. has become increasingly saturated, new subscribers are harder to find, which makes retention all the more important," says research firm Ampere Analysis.

by Georg Szalai
July 9, 2024 - 12:56am PDT

 

[wabbott]

https://thedesk.net/news/cbs-news-stations-streamlining-restructuring-layoffs/

CBS to “centralize” news coverage across local-owned stations

The effort is part of a broader restructuring of operations at CBS News & Stations, and comes several months after 800 Paramount employees — including some at CBS-owned stations — were laid off.

By: Matthew Keys
mkeys@thedesk.net
July 8, 2024

 

[PsylockeSmythe]

https://find-and-update.company-inf...k4OGFkaXF6a2N4/document?format=pdf&download=0
DCL FY23 docs dropped this morning.

Revenue up $537m vs 2019. The Wish was online for the full FY.

FY23 Operating income comes in at $180.5m. That is $225.6m behind 2019 profit.

Interesting on the costs front coming out of covid. Costs are up over $760m vs 2019. Wild.

Could it be due to construction of the Treasure and the purchase/modification of the DCL Adventure? Both started in late 2022. You also have the construction of Lookout Cay that has also been going on since April of 2022.

Psy

 

[clarker99]

Could a big part of the cost increase be the new ship's depreciation and start up costs?

FY23 Costs vs FY19

SG&A up $274m
Depreciation up $100m
CoGS up $164m
Wages up $84m

Could it be due to construction of the Treasure and the purchase/modification of the DCL Adventure? Both started in late 2022. You also have the construction of Lookout Cay that has also been going on since April of 2022.

Psy

$100m increase in depreciation vs. 2019. So, yeah some is paying off ships/islands but certainly not the biggest reason.

 

[wabbott]

https://deadline.com/2024/07/disneyland-worker-strike-authorization-vote-1236004905/

14,000 Disneyland Cast Members Will Vote In Next 10 Days On Whether To Authorize A Strike​

By Tom Tapp
July 9, 2024 1:10pm PDT

 

[RivShore]

https://deadline.com/2024/07/disneyland-worker-strike-authorization-vote-1236004905/

14,000 Disneyland Cast Members Will Vote In Next 10 Days On Whether To Authorize A Strike​

By Tom Tapp
July 9, 2024 1:10pm PDT

I forgot that still was not settled. Another reason for the stagnant stock price?

 

[OKW Lover]

https://deadline.com/2024/07/disneyland-worker-strike-authorization-vote-1236004905/

14,000 Disneyland Cast Members Will Vote In Next 10 Days On Whether To Authorize A Strike​

By Tom Tapp
July 9, 2024 1:10pm PDT

Standard negotiation tactic

 

[Elijah Abrams]

https://deadline.com/2024/07/disneyland-worker-strike-authorization-vote-1236004905/

14,000 Disneyland Cast Members Will Vote In Next 10 Days On Whether To Authorize A Strike​

By Tom Tapp
July 9, 2024 1:10pm PDT

I forgot that still was not settled. Another reason for the stagnant stock price?

They should go on strike, so Bob Iger can be hit hard by trouble, and force him to retire from Disney earlier than planned!

 

[OKW Lover]

They should go on strike, so Bob Iger can be hit hard by trouble, and force him to retire from Disney earlier than planned!

A major strike at DL would probably lengthen Bob's stay as he works to resolve it.

 

[Kingkonig]

What is astounding to me is the low, low price the market has given CBS-TV. Not that many years ago it was a money machine. Today, not so much, I guess. It also foretells what is the today's value of Fox, ABC, and NBC.

I think the low valuation is more because of everything else that Paramount owns. CBS can only do so much, even if it is still very valuable - it is dragged down by an overabundance of cable channels, a….struggling movie studio, and of course, a failing streaming service. NBC has a similar problem, but ABC would be able to be sold off without the resulting company being worth next to nothing (or even potentially negative equity). Fox….they might have to cost cut a little, but I don’t think they really have the assets dragging down the valuation that the other companies do

 

[clarker99]

I think the low valuation is more because of everything else that Paramount owns. CBS can only do so much, even if it is still very valuable - it is dragged down by an overabundance of cable channels, a….struggling movie studio, and of course, a failing streaming service. NBC has a similar problem, but ABC would be able to be sold off without the resulting company being worth next to nothing (or even potentially negative equity). Fox….they might have to cost cut a little, but I don’t think they really have the assets dragging down the valuation that the other companies do

I agree with this. PARA's TV Media division has generated almost $5B in EBITDA over last 4 reported quarters. The other 2 divisions (DTC and Filmed Entertainment) are losing money even before tax and depreciation.

PARA's CBS/Cable TV line-up is all its got.

 

[wabbott]

https://finance.yahoo.com/news/para...tage-for-more-media-dealmaking-194928589.html

Paramount-Skydance deal sets stage for more media dealmaking

Alexandra Canal · Senior Reporter
Updated Wed, Jul 10, 2024, 3:49 PM EDT

Paramount Global's (PARA) plans to merge with production studio Skydance Media could set off a dealmaking spree in the media industry as it grapples with traditional TV's decline.

 

[wabbott]

https://finance.yahoo.com/news/nba-finalizes-11-76-billion-210430529.html

NBA Finalizes 11-Year, $76 Billion TV Contracts With NBC, Amazon and ESPN

Lucas Manfredi
Wed, Jul 10, 2024, 5:04 PM EDT

Disney would pay about $2.6 billion per year to continue to air the NBA Finals, up from its current $1.5 billion. ESPN is expected to have around 80 games, down from around 100.

 

[RivShore]

https://finance.yahoo.com/news/nba-finalizes-11-76-billion-210430529.html

NBA Finalizes 11-Year, $76 Billion TV Contracts With NBC, Amazon and ESPN

Lucas Manfredi
Wed, Jul 10, 2024, 5:04 PM EDT

Disney would pay about $2.6 billion per year to continue to air the NBA Finals, up from its current $1.5 billion. ESPN is expected to have around 80 games, down from around 100.

That is a lot of cabbage!

Will WBD let it stand or join in the fun?

 

[wabbott]

That is a lot of cabbage!

Will WBD let it stand or join in the fun?

No. They don't have the money.

 

[wabbott]

https://finance.yahoo.com/news/studios-followed-netflix-streaming-future-130000093.html

Hollywood’s Pivot to Streaming 5 Years On: Fatal Error – or Key to Survival?​

Alexei Barrionuevo - Th Wrap
Wed, Jul 10, 2024, 9:00 AM EDT

 

[RivShore]

No. They don't have the money.

Ahhh, they could just do it the American way - DEBT. What's another few billion on top of the $40B they already have?

 

[RivShore]

https://finance.yahoo.com/news/studios-followed-netflix-streaming-future-130000093.html

Hollywood’s Pivot to Streaming 5 Years On: Fatal Error – or Key to Survival?​

Alexei Barrionuevo - Th Wrap
Wed, Jul 10, 2024, 9:00 AM EDT

Great overview of how we got here.

Funny that they end with a path forward that is exactly what we have said here for the last year or two -

Pachter, for one, believes that even as they continue to chase Netflix’s tail, the major studios could still opt to dramatically change course. He suggested they create a three-year window for streaming, put only catalog TV and older movies on their streaming platforms, and maintain the theatrical and broadcast windows.

 

[wabbott]

Ahhh, they could just do it the American way - DEBT. What's another few billion on top of the $40B they already have?

Iger will have no problem finding the extra $1.1 billion/yr. Just squeeze the domestic parks' maintenance budget a little more.

 

[RivShore]

Iger will have no problem finding the extra $1.1 billion/yr. Just squeeze the domestic parks' maintenance budget a little more.

DIS is forecasting $8B of free cash flow so they should not have a problem. WBD on the other hand???