Walt Disney Company Annual Shareholder Meeting

[rteetz]

Today in Denver, Colorado The Walt Disney Company held its annual shareholders meeting. This meeting didn't reveal anything major in terms of theme parks but did have some "moments". Disney CEO Bob Iger was flooded with comments, questions and concerns regarding himself being on the Trump Business Advisory council. Iger defended the council and made sure to point out that it does not mean he approves of all the Trump administration is doing. Iger believes being on the council gives himself and the company a voice to express concerns about what is happening.

Iger's defense of the advisory council drew applause from the crowd. That didn't stop people from continuing to ask for him to step down. Going with that one person brought up media bias and Iger immediately defended and shot down the claims that ESPN and ABC are bias saying he has worked with ABC and ABC News for 25 years. He called claims "complete exaggeration."

Another person brought up Disney's relationship with PricewaterhouseCoopers which was responsible for the Oscar fiasco. Iger says PWC called to apologize for the incident and it won't affect their relationship going forward.

In addition to all of that attendees were able to get a glimpse at the upcoming movie, Star Wars The Last Jedi. The scenes started with Luke and Rey on the cliff and also showed Finn, General Leia, and Chewie

Going with the Star Wars theme, Iger called the upcoming theme park expansions "jaw dropping" for guests. Construction began last April and is set to be complete by the end of 2019.

In the media realm, Iger noted that they are in early production on Ant-Man and The Wasp. BamTech made ESPN streaming service will launch by the end of this year. And then in Cars 3 will feature the first female racer Cruz Ramirez.

http://www.latimes.com/business/la-...-iger-defends-trump-1488997088-htmlstory.html

 

[Tardisblue]

Any clarification on whether or not Iger will extend his tenure as CEO?

 

[rteetz]

Any clarification on whether or not Iger will extend his tenure as CEO?

I did not see that brought up in article I have read so far. I will report back if I see that.

 

[rteetz]

I saw a report Iger confirmed Toy Story land for 2018 but I didn't see any direct links.

 

[mike_71]

I saw a report Iger confirmed Toy Story land for 2018 but I didn't see any direct links.

He was talking specifically about Shanghai Disneyland's version, but it should be the same for Orlando

 

[lockedoutlogic]

Sounds like there were a bunch of beatniks in attendance...to be honest

 

[rteetz]

Sounds like there were a bunch of beatniks in attendance...to be honest

It's like that every year. There was one guy complaining about being fired from WDW or something.

 

[lockedoutlogic]

It's like that every year. There was one guy complaining about being fired from WDW or something.

Never been...was tempted one year when they had it in Orlando though.

 

[rteetz]

Never been...was tempted one year when they had it in Orlando though.

It moves every year. Last year it was in Chicago and that would've been the closest to me its been.

 

[lockedoutlogic]

Any clarification on whether or not Iger will extend his tenure as CEO?

The only questions at a shareholders meeting should be these:

1. Collapse of espn revenue?
2. Succession plan?
3. Decline in attendance in parks and forecasts moving forward?

That is IT...not when toy story land opens or things about "news bias" (the current litmus test for lower Brain function)

Where have you gone, Roy E Disney?

 

[rteetz]

The only questions at a shareholders meeting should be these:

1. Collapse of espn revenue?
2. Succession plan?
3. Decline in attendance in parks and forecasts moving forward?

That is IT...not when toy story land opens or things about "news bias" (the current litmus test for lower Brain function)

Where have you gone, Roy E Disney?

ESPN was brought up but barely compared to the bias stuff.

 

[lockedoutlogic]

ESPN was brought up but barely compared to the bias stuff.

That is stupidity

 

[rteetz]

That is stupidity

That's the world we live in.

 

[crazy4wdw]

If interested, you can access a replay of the shareholders meeting webcast here:

http://mediasite.yorkcast.com/webcast/Play/3ac53d15a3bb4001baf0635ce29cf5ad1d

 

[AlohaNow]

I was in attendance at today's meeting and I liked Mr. Iger's (repeated) explanation of why he will stay on Trump's council. At one point he compared it to the song 'The Room Where it Happens' from Hamilton. He gets to be in the most important room where the real stuff is happening and he gets to put forth his thoughts and the position of the company, which may not necessarily be in agreement with POTUS. A seat at the table, in the room where it happens. Very valuable stuff.

And just to clarify, I am not a beatnik. (But they were definitely in attendance.)

 

[lockedoutlogic]

I was in attendance at today's meeting and I liked Mr. Iger's (repeated) explanation of why he will stay on Trump's council. At one point he compared it to the song 'The Room Where it Happens' from Hamilton. He gets to be in the most important room where the real stuff is happening and he gets to put forth his thoughts and the position of the company, which may not necessarily be in agreement with POTUS. A seat at the table, in the room where it happens. Very valuable stuff.

And just to clarify, I am not a beatnik. (But they were definitely in attendance.)

I have no problem with that...as the head of a major corporation, if you're asked to be on an advisory board of the government...you say "yes"...

That's just common sense.

That media bias stuff is nonsense...they are covering a slow developing train wreck that is NOT of their making. There is nothing to complain about.

 

[TheMaxRebo]

The only questions at a shareholders meeting should be these:

1. Collapse of espn revenue?
2. Succession plan?
3. Decline in attendance in parks and forecasts moving forward?

That is IT...not when toy story land opens or things about "news bias" (the current litmus test for lower Brain function)

Where have you gone, Roy E Disney?

well, I get bringing up the whole Trump council thing because that could impact how some people view the company and thus impact the stock price - but agree your listed 3 items should have been more of a focus

 

[Tardisblue]

The only questions at a shareholders meeting should be these:

1. Collapse of espn revenue?
2. Succession plan?
3. Decline in attendance in parks and forecasts moving forward?

That is IT...not when toy story land opens or things about "news bias" (the current litmus test for lower Brain function)

Where have you gone, Roy E Disney?

1. Cable cutters.
2. None that they have announced. Staggs is gone, who else is in the pipeline?
3. Attendance is down but profits went up. Isn't that what shareholders would like?

 

[lockedoutlogic]

1. Cable cutters.
2. None that they have announced. Staggs is gone, who else is in the pipeline?
3. Attendance is down but profits went up. Isn't that what shareholders would like?

Those were rhetorical questions...over tanned bob should be asked them daily anyway.

 

[Tardisblue]

Those were rhetorical questions...over tanned bob should be asked them daily anyway.

OTB