Walt Disney Company Q3 Earnings Report

[TwoMisfits]

I like the news. I’d be happy to never have to set foot in a theater again. If I could purchase a rental of new releases at home, I’d do it every time.

At $30 PLUS the cost of the monthly subscription? Man, I think Fandango Online and Amazon would like to talk to you to find out how much more they could be charging for new movie premieres...

 

[Brianstl]

I'm not sure breaking even is the goal.

It isn't their goal, but adding uncertainty to travelers schedules isn't going to get you to that point any quicker. If you aren't losing money you don't cut days. I could see them cutting an hour at each park and maybe 2 hours at Epcot.

 

[rteetz]

https://twitter.com/x/status/1290753977303400464

 

[skeeter31]

At $30 PLUS the cost of the monthly subscription? Man, I think Fandango Online and Amazon would like to talk to you to find out how much more they could be charging for new movie premieres...

I’d pay it. I’m on the D23 deal for Disney+, so paying roughly $3 and change a month for Disney+. $30 is less than I’d pay to go to the movies with my wife and buy snacks, so yeah, I’m good with it.

 

[rteetz]

I like the news. I’d be happy to never have to set foot in a theater again. If I could purchase a rental of new releases at home, I’d do it every time.

I am the opposite. I love the theater experience. I have a great setup at home but the whole theater experience for big films I miss greatly.

 

[rteetz]

"modest operating loss at Parks, Experiences, and Products"

 

[rteetz]

Christine - WDW upside has been less than expected due to upswing in COVID cases.

 

[rteetz]

https://twitter.com/x/status/1290754863660490756

 

[rteetz]

CAPEX spending to be down $700 million due to less spending at domestic parks.

 

[andyman8]

I assume they are gonna piss off all Domestic theater chains with this news, as well...not just D+ subscribers...in fact, I'm not sure anyone will like this news...

They have likely discussed it already with their distribution partners and the major exhibitors. Remember it wasn’t Universal releasing Trolls World Tour on Premium On Demand that started the rift between them and some exihibitors. It was Jeff Shell saying that Universal Pictures would release On Demand going forward to in addition to theatrical releases.

 

[anthony2k7]

It isn't their goal, but adding uncertainty to travelers schedules isn't going to get you to that point any quicker. If you aren't losing money you don't cut days. I could see them cutting an hour at each park and maybe 2 hours at Epcot.

Exactly. If they're hitting their expected numbers right now then why do anything that might cause cancellations?

 

[rteetz]

Mulan is a "one-off" per Chapek

 

[andyman8]

And now you have Chapek taking the polar opposite approach to Universal’s/Jeff Shell’s in response to a question about theatrical releases post-COVID-19.

 

[skeeter31]

Mulan to Disney+ is a one off, but Bob is very excited to see the demand for it. So could be done again going forward.

 

[dlavender]

Will Mulan be a 2 day timed rental?

Or once you buy it you have it as long as it is on the service like the others?

 

[skeeter31]

Will Mulan be a 2 day timed rental?

Or once you buy it you have it as long as it is on the service like the others?

Unknown

 

[rteetz]

50% of their current guest base traveling to WDW, and the rest in FL/local. High numbers of cancellations.

 

[TheMaxRebo]

Is it just me or does the background noise on this part of the call sound like you are waiting in the lab area of the Flight of Passage queue?

Chapek: We are now at the Q&A portion of the call so, uh, ask

 

[SMRT-1]

Bob mentioned content from 20th, Fox TV, FX, etc. under a new umbrella brand for streaming and mentioned the D+ platform, but it wasn't clear to me if he was talking about whether it would be content on D+, or if it was a new streaming service that just leveraged the existing D+ platform technology.

Sorry to backtrack a bit, but I didn't see anyone discussing this (maybe I'm the only one who was fuzzy on this).

 

[hertamaniac]

Waiting to hear in background, "Power off. Stay in your boat".