Bob Iger issues statement on the state of Disney and says Parks will be one of the businesses to drive the greatest growth

Aug 09, 2023 in "The Walt Disney Company"

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Bob Iger at Walt Disney World

Posted: Wednesday August 9, 2023 5:00pm ET by WDWMAGIC Staff

In this afternoon's quarterly earnings call, Disney CEO Bob Iger provided an update on the state of the company and the transformative work being undertaken.

Notably, Iger said that he sees three of Disney's businesses that will drive the greatest growth in value creation over the next five years - film studios, parks business, and streaming. He says, "all of which are inextricably linked to brand franchises."

Bob Iger at Walt Disney World

According to Iger, the parks and experiences segment overall has had an impressive streak and will continue to be a key growth engine for the company "even as we navigate the cycle that comes with operating this business."

Iger continued, "We're making numerous investments globally to grow our parks business over the next five years, and I'm very optimistic about the future of this business over the long term."

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HauntedPirateAug 14, 2023

You mean everything that was created before he was installed plus everything that he bought? Yeah, I feel bad for the guy, with such limited content and resources at his disposal…

tancAug 14, 2023

$250 million that could have gone else where instead of some niche expensive "spaceship". I get the starcruiser was a one of a kind experience or whatever, but it was destined to fail to me if the price was never meant to go below $6k for 2 days. It also was a terrible idea for them to open it relatively early during the ongoing pandemic. Overall, it's sad because this will be a long lost experience.

Disstevefan1Aug 14, 2023

Keeping the stock above 85 is a total success for Bob! We have to remember what he has to work with!

HauntedPirateAug 14, 2023

DIS at close on Aug 9 - $87.52/share DIS after the latest earnings report - $92.38/share (peak) DIS right now - $88.50/share I guess Bob didn't say or announce anything that really moved the needle.

Nubs70Aug 13, 2023

17,510,000

flynnibusAug 13, 2023

No - because investing is about what your goal is. Not necessarily about a company’s health. Investors are more concerned about return in the style they are seeking . A return that could either be short or long term… high or low volatility. An investor is building a portfolio that looks to perform in a profile they can predict. A company can be entirely healthy and strong… but not doing what investors are seeking. This is why the management of the company profile with the market by the ceo and cfo is so critical…. And how the company leverages its own stock. If you are heavily dependent on your stock valuation to push things like compensation and acquisitions you are locking yourself into a model where you paint yourself as a stock that must climb or you can go off ghe rails… even if your core business isn’t faulty. Regulation plays a huge role in all this too… when the walls go up, new strategies emerge and they create their own new sets of risks and consequences. (Options, taxes, buybacks,etc). The way the market is regulated and how people look to make money has radically changed how businesses function over the last 50 plus years. Health and ‘what the market wants’ are not really the same thing. They are related… but the former can often be overlooked for other potentials depending on what an investor is after. Example: Companies that look to be disruptive or speculative to create lock out conditions are often more focused on speed and building critical mass… more than touting solid fiscal health day to day. They promise that will come later once the critical points are reached.

JoeCamelAug 13, 2023

Isn't all that what you use to decide to buy sell or hold a stock if you are a. Institutional investor? If they don't see the value to support it they go elsewhere and the price declines to a point where the worth matches the value and they buy again?

flynnibusAug 11, 2023

Cash flow… profit margins…. Assets verse liabilities. Forecast for potential marketability. All the things that actually let a company function independently of reying on a stock valuation to function because they are leveraging their own futureself to operate. The key world here is HEALTH- the ability to operate with a going concern.

Slpy3270Aug 11, 2023

Toldya!

TalkingHeadAug 11, 2023

How many subs paying $19.99 a month does it take to compensate for the lost theatrical business of the $250-350m features? Iger is delusional if he thinks the company in its current makeup is capable of replicating Avatar’s success. The only chance they have of that is Avatar 3, another production that Disney is essentially releasing and not producing. Importantly Cameron isn’t spinning off Avatar series that D+ can lay claim to. That franchise is just the theatrical features, which isn’t what Disney’s current model is about at all.