Walt Disney Company Quarter 2 Earnings Report 2020

[Mit88]

Didn’t say that. Said it was too soon to announce.

True. Shanghai is opening with just 6 days notice. They’d probably have to give a little more forewarning for US parks, but it’s still possible, I suppose

 

[anthony2k7]

Not necessarily. That is still 27 days away. They just announced Shanghai 6 days before opening. There is still hope!!!

Shanghai has been preparing for 2 months though.

 

[RamblingMad]

So they don’t expect movie theaters opening until Q4?

 

[yulilin3]

https://disneyparks.disney.go.com/b...disneyland-begins-phased-reopening-on-may-11/

 

[OnceUponATime15]

Disney +
exceeded even their best expectations

 

[CastAStone]

Are they done on parks already???

For initial remarks probably. Christine will give financials which will include parks and then there will be a TON of Q&A on the parks.

 

[rteetz]

Disney+ exceeds expectations, debuts in Japan in June.

 

[Pickle Rick]

Not necessarily. That is still 27 days away. They just announced Shanghai 6 days before opening. There is still hope!!!

Cast members have been working there for how many weeks already?

 

[JayhawkCruiser]

So they don’t expect movie theaters opening until Q4?

Disney’s fiscal year Q4 or actual Q4?

 

[CastAStone]

True. Shanghai is opening with just 6 days notice. They’d probably have to give a little more forewarning for US parks, but it’s still possible, I suppose

Reliable insiders have given 2 weeks as the minimum lead time for reopening US Disney parks, due to the staffing callbacks and park clean up needed.

 

[craigkerstiens]

No update on Disney+ subscriber count, which likely means not much growth beyond the 50m.

Edit, came later on financial drill down. 54.5m Disney+ subscribers as of May 4

 

[anthony2k7]

Cast members have been working there for how many weeks already?

Since beginning of march.

 

[Mit88]

Disney +
exceeded even their best expectations

They projected 100M subscribers in 2023. That was always conservative, but to be halfway there before any of the MCU shows air is a good sign they’ll reach 100M well before 2023

 

[dina444444]

So they don’t expect movie theaters opening until Q4?

Disney Q4 is July - September

 

[OnceUponATime15]

Pay cuts.. executives

Furloughed employees April 19/20

Back to work as soon as situation allows

 

[rteetz]

Executive compensation cuts in place until they bounce back.

 

[Pickle Rick]

Nothing on Disney Springs it seems...

 

[RamblingMad]

Disney’s fiscal year Q4 or actual Q4?

Actual.

 

[OnceUponATime15]

17.25B credit availability

 

[DebbieB]

Shanghai has been preparing for 2 months though.

March 9 and it‘s much smaller.

https://www.usatoday.com/story/trav...i-disney-resort-partially-reopens/4998586002/