Walt Disney (DIS)

[winston]

Disney tumbles after unveiling plans to double Theme Parks Investment to $60 billion

In a surprise move, Disney looks set to double its capital spending on theme parks and cruises, even as investors focus on continued losses in its media division.

by MARTIN BACCARDAX

In a Securities and Exchange Commission filing published Tuesday, and ahead of its annual investor day at Walt Disney World, Disney said it would allocate $60 billion over the next ten years to "expand and enhance" its Parks & Experiences business.

Parks and Experiences delivered around $8.3 billion in third quarter revenues, Disney reported last month, up 13% from the prior year period and around 37% of the group's overall total.

However, in terms of operating income, the division was, and remains, its most-profitable: Parks and Experiences generated $2.425 billion in operating profits, an 11% increase from last year, offsetting and 18% decline in the group's Media and Entertainment Distribution segment.

Source: TheStreet, Inc.

https://www.thestreet.com/investing/sto ... %2Bbillion

[behappyalways]

Desperate Disneyland Slashes Children's Ticket Prices By More Than 50%
https://www.zerohedge.com/political/des ... es-more-50

[winston]

not vested

Forget Ron DeSantis: Walt Disney has a much bigger problem

by Daniel Kline

Walt Disney World is still performing well above precovid levels: 21% higher in revenue and 29% higher in operating income compared to fiscal 2019.

The theme parks are not Disney's problem. The death of the movie business is.

In 2019 Walt Disney drew in more $11 billion in global box office, or $13 billion when you add in the former Fox properties it also owns. In that year seven Mouse House films crossed the billion-dollar threshold in theaters.

This year, the company will struggle to reach half that and it has no billion-dollar films, with "Guardians of the Galaxy Vol. 3" closing its theatrical run at $845 million globally.

People aren't less interested in Marvel and Star Wars; they're just getting their fix from Disney+ at an absurdly low price.

Source: The Street

https://www.thestreet.com/travel/forget ... %2Bproblem

[winston]

not vested

Walt Disney, embroiled in another fight with activist investor Nelson Peltz, posted better-than-expected fourth-quarter earnings and said it will seek an additional US$2 billion in cost savings.

Earnings at the world’s largest entertainment company rose to 82 US cents a share, excluding some items, Disney said on Wednesday (Nov 8). That beat the 69 US cent average of analysts’ estimates compiled by Bloomberg.

Revenue grew 5.4 per cent to US$21.2 billion, compared with estimates of US$21.4 billion.

The profit increase and expanded cost cutting will help chief executive officer Bob Iger counter Peltz, whose Trian Fund Management controls a roughly US$2.5 billion stake in Disney and plans to seek several board seats.

Iger had previously committed to cutting more than US$5.5 billion from annual expenses and has already eliminated 7,000 jobs.

Disney’s flagship theme parks delivered the biggest profit boost, with earnings rising 31 per cent to US$1.76 billion in the period ended Sep 30.

Revenue in the division, which includes consumer products, grew 12 per cent to US$8.16 billion, led by 55 per cent growth internationally.

Losses in Disney’s streaming business, including ESPN+, narrowed to US$387 million in the quarter, coming in better than Wall Street projected.

The company has said it’s seeking to turn a profit in that business by the fourth quarter of the new fiscal year just getting underway

Source: Phillips

[behappyalways]

Visualizing the decline of the Disney Channel's viewership
https://twitter.com/Mayhem4Markets/stat ... 9600151951

[winston]

not vested

Disney Could Begin a Nice 20%-25% Run Starting on Wednesday

by Chris Johnson

We’re seeing some changes in the fundamental picture as Disney moves to embrace the sports betting business along with ESPN and a true soft-landing situation in the economy will have the parks busy as consumers start to loosen-up their travel budgets again.

I like the stock for a nice 20-25% run through 2024.

Source: Straight Up Profits

https://dailytradealert.com/2024/02/06/ ... wednesday/

[behappyalways]

$DIS is losing ground to $NFLX and others in the never-ending streaming wars
https://twitter.com/Mayhem4Markets/stat ... 3742464161

[behappyalways]

After waiting in line for 8 hours, there was no one...
Shanghai Disney's "bag rush" broke out and conflicts broke out!
People queued for 8 hours to buy new bags, but they were empty-handed.
It was suspected that there was no warning about the shortage of inventory.
Angry customers pushed and pushed and clashed.

排了8小時一場空...上海迪士尼"搶包"爆衝突! 為買新上架包款 民眾排8小時卻撲空 疑未提醒庫存不足 顧客憤怒推擠引衝突｜記者 許少榛｜【國際大現場】20240315｜三立新聞台

https://m.youtube.com/watch?v=9TZr-P-VX2Y

[winston]

4 Reasons to Buy Walt Disney Stock Like There's No Tomorrow

by James Brumley

1. Walt Disney is (finally) fixing streaming's profitability problem
Expect to reach profitability at our combined streaming businesses in Q4 of fiscal 2024

2. Iger knows why films have been disappointing of late

3. The proxy fight with Nelson Peltz and Trian could force an overhaul

4. Disney's brands are considered some of the best of the best

Source: The Motley Fool

https://finance.yahoo.com/news/4-reason ... 00987.html

[behappyalways]

Disney Shares Slide After Iger Defeats Peltz's Trian In Proxy Fight
https://www.zerohedge.com/markets/disne ... d-activist