Thread by @LongYield

1/ $DIS
Financial Performance and Strategic Changes

Robert Iger, in his review of Disney's performance, mentioned significant accomplishments throughout the company, with highlights including the successful global box office opening of Marvel Studios' Guardians of the Galaxy… twitter.com/i/web/status/1…

2/ $DIS
Streaming and Advertising

Iger announced plans to offer a one-app experience domestically by integrating #Hulu content via Disney+.

This move aims to offer a more robust and streamlined content, greater audience engagement, and a more unified streaming experience.

He… twitter.com/i/web/status/1…

3/ $DIS

Theme Parks and Content Offerings

Disney's international and domestic parks have shown promising performance with new attractions, expansions, and improved guest experiences.

Future investments are being evaluated based on the popularity of the parks and the timeless… twitter.com/i/web/status/1…

4/ $DIS

Linear Networks Performance:

Results for Linear Networks were in line with the previous quarter's guidance.

Domestic results saw a decrease due to higher sports programming and production costs, lower broadcasting results, and decreased advertising revenue.… twitter.com/i/web/status/1…

5/ $DIS

Direct to Consumer (DTC) Services Performance:

Operating losses for DTC services improved by about $400 million compared to Q1. Subscribers for Disney+ increased modestly, with a slight decline in domestic subscribers due to the impact of price increases. Domestic ARPU… twitter.com/i/web/status/1…

6/ $DIS

Other Business Segments Performance:

The Parks, Experiences and Products segment saw an operating income increase of over 20% compared to the previous year, with increases at both international and domestic parks and experiences.

Content Sales/Licensing and Other… twitter.com/i/web/status/1…

7/ $DIS

Disney+ Pricing and Business Strategy

Despite increasing the pricing for the non-ad-supported Disney+ service, the loss of subscribers was minimal, indicating the service's pricing elasticity.

The plan is to further widen the price difference between the ad-free and… twitter.com/i/web/status/1…

8/ $DIS

Cost Rationalization and SG&A Reductions

Disney is on track to meet or exceed $5.5 billion in cost reductions across two main categories: content spend and Selling, General & Administrative (SG&A) expenses. Most of these reductions will come from 2024 onwards as they… twitter.com/i/web/status/1…

9/ $DIS

Disney's Position in Florida and Shanghai Park

Florida's political climate poses a challenge to Disney, with the company being accused of using its influence in the state for its own benefit.

However, Disney refutes these claims, stating that it has been a significant… twitter.com/i/web/status/1…

10/ $DIS

Disney's Streaming Strategy and Future Plans:

Robert Iger emphasizes that Disney's streaming service, though only 3.5 years old, is shifting its content strategy to focus more on sub drivers - content that stimulates subscription growth. While earlier they produced a… twitter.com/i/web/status/1…

11/ $DIS

Financial Aspects and Cost Management:

Christine McCarthy addresses the content spending and the targeted savings, pointing out that the sports component now constitutes over 30% due to contractual rate increases.

Despite a writers' strike, the company aims to… twitter.com/i/web/status/1…

12/ $DIS

Future of ESPN and Hulu:

Iger acknowledges the inevitability of transitioning ESPN's flagship service to a direct-to-consumer streaming platform, noting the timing and pricing of this decision is critical.

On Hulu, Iger discusses the potential value of integrating… twitter.com/i/web/status/1…

13/ $DIS

Disney+ Advertising Product and Future Plans

Disney+ advertising product, launched in December, is still in early stages but is considered a long-term opportunity, especially with the introduction of state-of-the-art programmatic and addressable ad tools. There are… twitter.com/i/web/status/1…

14/ $DIS

Artificial Intelligence (AI) in Business Operations

AI is seen as a significant opportunity for efficiency and better customer service. However, it also poses challenges, particularly in IP management. The legal team is actively working to address potential problems. twitter.com/i/web/status/1…

15/ $DIS

Integration of Hulu into Disney+ and Peak Losses in Direct-to-Consumer

Integration of Hulu into the Disney+ app is meant to provide a single, more consumer-friendly platform that will enhance content consumption and reduce churn. This integration aligns with Disney+'s… twitter.com/i/web/status/1…