Disney Q4 and Full Year Earnings for 2020

[rteetz]

Bob Chapek starts out with saying it’s been a year unlike any other.

They believe they have persevered through these challenges. Disney has been resilient.

 

[rteetz]

Highlights the direct to consumer business. Disney+ is exceeding expectations. Launches in Latin America on Tuesday.

 

[rteetz]

December 10th will bring a subscriber number update.

 

[rteetz]

Focusing on a DTC first business model. More to come on investor day.

 

[YesterDark]

Honestly, it's pretty impressive how well they've done given how a lot of revenue comes from movies and parks.

 

[rteetz]

Highlights how animation teams have been able to work from home and that live action teams have been able to resume. All studios have been able to get back to work. They will have 8 new projects underway in January.

 

[rteetz]

ABC is ranked number 1

 

[rteetz]

Chapek says they have proven they have been able to open parks responsibly. Notes Paris is closed due to government restrictions.

 

[rteetz]

Encouraged by potential vaccines.

 

[rteetz]

Chapek notes they are disappointed in California and they have the support of labor unions. Says CA should look at what they’ve done elsewhere. They have been responsible.

 

[rteetz]

DTC is the key driver to their long term success.

 

[rteetz]

https://twitter.com/x/status/1327004059581222915

 

[rteetz]

https://twitter.com/x/status/1327004053499387905

 

[rteetz]

Open parks had a net positive on the quarter.

 

[YesterDark]

Their DTC strategy is going to be extremely interesting. I wonder how much it'll have about future blockbuster movies and the Premium stuff.

 

[rteetz]

Disney highlights close to capacity bookings for thanksgiving week.

 

[rteetz]

https://twitter.com/x/status/1327004623895457798

 

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https://twitter.com/x/status/1327004808621023233

 

[rteetz]

https://twitter.com/x/status/1327005213174231040

 

[rteetz]

https://twitter.com/x/status/1327005695263338498