DIS Shareholders and Stock Info ONLY

[Duckbug.Ducktales]

I hope you subsequently went back and watched "Justified" and "The Americans"! FX has been airing top-notch TV for quite a while.

BTW, Josh D'Amaro said in last week's shareholders meeting that filming is well underway on season 2 of "Shōgun." Yay!

Currently watching Justified! I tried the first episode of The Americans when it first aired and didn't get into it, but maybe I'll try again and give it more episodes a chance to hook me in

And yay!

 

[HokieRaven5]

Speaking of AI:

https://thewaltdisneycompany.com/disney-openai-sora-agreement/

The Walt Disney Company and OpenAI Reach Landmark Agreement to Bring Beloved Characters from Across Disney’s Brands to Sora​

• As part of this three-year licensing agreement, Sora will be able to generate short, user-prompted social videos that can be viewed and shared by fans, drawing on more than 200 Disney, Marvel, Pixar and Star Wars characters.
• Agreement will make a selection of these fan-inspired Sora short form videos available to stream on Disney+.
• Disney and OpenAI affirm a shared commitment to responsible use of AI that protects the safety of users and the rights of creators.
• Alongside the licensing agreement, Disney will become a major customer of OpenAI, using its APIs to build new products, tools, and experiences, including for Disney+, and deploying ChatGPT for its employees.
• As part of the agreement, Disney will make a $1 billion equity investment in OpenAI, and receive warrants to purchase additional equity.

This deal is null and void now that OpenAI has ended Sora:
https://www.hollywoodreporter.com/b...i-shutting-down-sora-ai-video-app-1236546187/

 

[Genie+]

Currently watching Justified! I tried the first episode of The Americans when it first aired and didn't get into it, but maybe I'll try again and give it more episodes a chance to hook me in

And yay!

The Americans was awesome! Hang in there, it's good.

 

[clarker99]

This deal is null and void now that OpenAI has ended Sora:
https://www.hollywoodreporter.com/b...i-shutting-down-sora-ai-video-app-1236546187/

Also, the Epic games investment looks to be a disaster with a lack of engagement in Fortnite resulting in 1000 lost jobs. Yes, you read that right. 1000 jobs.

Just license your stuff out and collect the money. Smh,

 

[RivShore]

Just license your stuff out and collect the money. Smh,

Exactly! Especially in the fast moving tech area.

 

[wabbott]

FWIW

https://www.hollywoodreporter.com/business/digital/sora-disney-openai-deal-collapse-1236546434/

The Sora-Disney Collapse: What Does It Mean?
Three Hollywood Reporter editors debate the biggest tech news this year.

By Steven Zeitchik, David Katz, Julian Sancton
March 24, 2026 - 5:41pm PDT

 

[OKW Lover]

FWIW

https://www.hollywoodreporter.com/business/digital/sora-disney-openai-deal-collapse-1236546434/

The Sora-Disney Collapse: What Does It Mean?
Three Hollywood Reporter editors debate the biggest tech news this year.

By Steven Zeitchik, David Katz, Julian Sancton
March 24, 2026 - 5:41pm PDT

Fun discussion. Perhaps the answer really is that Sora wasn't a good product and it got pulled. That effectively meant that the Disney deal couldn't go through. Trying to place blame on Disney, and either Bob or Josh, seems to be a stretch.

 

[mrjack5]

I'm as big a Disney parks fan as the next person, whatever Iger did has not worked.

Hope Josh can figure it out.

Throwing spaghetti at the wall as Fortnite/OpenAI deal was obvious from the beginning.

 

[RivShore]

Fun discussion. Perhaps the answer really is that Sora wasn't a good product and it got pulled. That effectively meant that the Disney deal couldn't go through. Trying to place blame on Disney, and either Bob or Josh, seems to be a stretch.

They said on CNBC this morning that the deal never closed, so that aligns with your thinking. I hope we are done with deals like this, just license, license, license...as @clarker99 said.

Being an arms dealer in this unpredictable, fast moving and changing space is the only way to go!

 

[Obi-J Kenobi]

They said on CNBC this morning that the deal never closed, so that aligns with your thinking. I hope we are done with deals like this, just license, license, license...as @clarker99 said.

Being an arms dealer in this unpredictable, fast moving and changing space is the only way to go!

Licensing is a great idea if your brand is really good. I'm very concerned with Disney's brands currently. Hopefully things will turn around.

 

[bryaalre]

I'm all for licensing for video games, which they do. The AI and Epic investments were different and not wholly related to the aforementioned licensing. Disney has tried and failed in the video games space multiple times but the video game market is still huge. An investment into an established company is a good way to capture some market while hedging risks as well as limiting time and other resources on a segment that may never be central to the company. The same idea for AI as AI has been all the rage for the last few years and Disney does not have the resources to try start any research, let alone catch up.

IMO the Epic games investment was fine, even if it may not work out. Disney has good cash flow and can't feasibly pump all of that back into parks. Could they do more expansions, a 5th gate or something else with the parks that may yield more returns? Maybe, but they are already doing some major projects and they already do dividends, share buybacks, and paying down debt. If they have extra cash, I would rather they take risks to expand than do nothing.

However, doing nothing is better than whatever they were going to do with that AI junk. Hopefully their take away is to put that money elsewhere and not just into another AI company.

 

[RivShore]

I'm all for licensing for video games, which they do. The AI and Epic investments were different and not wholly related to the aforementioned licensing. Disney has tried and failed in the video games space multiple times but the video game market is still huge. An investment into an established company is a good way to capture some market while hedging risks as well as limiting time and other resources on a segment that may never be central to the company. The same idea for AI as AI has been all the rage for the last few years and Disney does not have the resources to try start any research, let alone catch up.

IMO the Epic games investment was fine, even if it may not work out. Disney has good cash flow and can't feasibly pump all of that back into parks. Could they do more expansions, a 5th gate or something else with the parks that may yield more returns? Maybe, but they are already doing some major projects and they already do dividends, share buybacks, and paying down debt. If they have extra cash, I would rather they take risks to expand than do nothing.

However, doing nothing is better than whatever they were going to do with that AI junk. Hopefully their take away is to put that money elsewhere and not just into another AI company.

Its really hard to pick winners and losers in the tech space so I really hate that they are throwing a billion here and a billion there thinking they picked a winner (and in the last two cases, they did not pick winners).

Also, cash flow last quarter was not good at all, combine that with a new $10B of debt, and they do not have billions to be throwing into these tech pie in the sky investments.

More details on cash flow:

In Q1 FY2026, operating cash flow collapsed 77% to $735 million and free cash flow turned deeply negative at −$2.278 billion. Management attributed the swing largely to accelerated tax payments tied to California wildfire disaster relief, but capital expenditures are also climbing, rising 22% year over year to $3.013 billion in the quarter alone. With $9 billion in capex planned for the full year, cash generation will need to recover sharply.

The $9.25 billion credit raise cuts both ways. While bulls read it as financial flexibility, the size raises questions about how much liquidity the company needs to fund content, parks, and cruise expansion simultaneously. Linear TV continues to erode structurally, with Linear Networks revenue falling 16% year over year in Q4 FY2025, and there is no visible floor. (Yet another good reason to spin it off.)

https://finance.yahoo.com/news/disney-bull-vs-bear-big-134505191.html

 

[wabbott]

Its really hard to pick winners and losers in the tech space so I really hate that they are throwing a billion here and a billion there thinking they picked a winner (and in the last two cases, they did not pick winners).

Also, cash flow last quarter was not good at all, combine that with a new $10B of debt, and they do not have billions to be throwing into these tech pie in the sky investments.

More details on cash flow:

In Q1 FY2026, operating cash flow collapsed 77% to $735 million and free cash flow turned deeply negative at −$2.278 billion. Management attributed the swing largely to accelerated tax payments tied to California wildfire disaster relief, but capital expenditures are also climbing, rising 22% year over year to $3.013 billion in the quarter alone. With $9 billion in capex planned for the full year, cash generation will need to recover sharply.

The $9.25 billion credit raise cuts both ways. While bulls read it as financial flexibility, the size raises questions about how much liquidity the company needs to fund content, parks, and cruise expansion simultaneously. Linear TV continues to erode structurally, with Linear Networks revenue falling 16% year over year in Q4 FY2025, and there is no visible floor. (Yet another good reason to spin it off.)

https://finance.yahoo.com/news/disney-bull-vs-bear-big-134505191.html

Good research on the why of the recent borrowing. IIRC, when a company's free cash flow declines, it could, repeat, could jeopardize future dividend payouts.