That's a wrap from us.  We will be live soon to discuss today's meeting.

Chapek wraps up by thanking everyone for joining.

Chapek says that they have a small army of people that are focused on keeping Disney's data and content secure and that it doesn't get in the hands of bad actors.

The final question is about cybersecurity and piracy of Disney+

Bob Chapek says it is an excellent suggestion, and that they hadn't looked at that. He says that they will and will make an announcement.

The next question is about opportunities for those that age out the College Program during its suspension.

Chapek says they look at a lot of different options regarding how they operate their business, but there is nothing to announce today. (obviously)

Next question is about spinning off parts of their business.

Bob Chapek says they differed the last two dividends had been differed due to the pandemic. He says that is not their long term plan and hope to return the dividend at some point.

The next questions is about plans to restore Disney's dividend.

Chapek says they have quite a diverse board right now, but they will look to ensure that they continue to add diversity as they add new directors.

The next question is about Asian representation on the Board.

They are still trying to figure out, as they scale back up, how entertainment will look in the future. They are working on it and trying to figure it out.

Chapek starts his response by saying they are proud of Disney's Asprire program which pays for employee education.

The next question comes from a Walt Disney World entertainment cast member who partiicpates in Disney's Aspire program. He wants to see more smaller shows and asks if Disney has any plans.

Chapek says they look forward to having Kathleen Kennedy directing Lucasfilm for many years to come.

The next question is if they are planning of firing Kathleen Kennedy or asking her to resign.

Chapek comments on the previously mentioned 2030 enviromental goals. He also says they expect more solar fields and that their new cruise ships will use liquid natural gas.

The next question is on Disney's interest in renewable energy.

Chapek says he does not consider Disney as left-leaning or right-leaning but instead standing on values. He says that he believes the content should reflect the diversity of the world that we live in.

The next question is about Gina Carano being "fired from The Mandalorian."

Chapek discusses how he hopes the power of Disney can help unite the world.

The stream seems to be having some technical difficulties at the moment 

They do not have a specific date on when the college program will return.

The next question is about when Disney restart the Disney College Program.

He does continue to say that they hope to reopen sometime this fall.

Chapek starts his answer by thanking him for being a cast member. Chapek continues by saying they do not have any diffinitve information about when they will be able to restart the Cruise Line.

Next question is from a shareholder who is also a cast member. He asks if there are any updates on Disney Cruise Line.

Bob Chapek says it is up to theaters to agree to the economic terms that Disney lays out.

The first question is about how a local theater was unable to come to terms with Disney to show Raya and The Last Dragon.

That concludes Bob Chapek's remarks and it is now time for the Q&A.

Chapek talks about Disney's efforts to imrpove diversity & inclusion, both within the company and through the content it creates.

Disney met their 2020 environmental goals and announced new goals for 2030.

https://www.laughingplace.com/w/news/2020/12/18/the-walt-disney-company-shares-environmental-goals-for-2030/

Disney recently released a Corporate Social Responsibility Report.

Before questions, he is going to discuss Social Responsibility.

Chapek mentions that the local and national ABC News teams, did a fantastic job covering a busy year.

Avengers Campus is scheduled to open later this year at Disney California Adventure.

Remy's Ratatouille Adventure will open on October 1.

They are encouraged by the pent-up demand they are seeing in the US and internationally.

He says it will take some time to get the parks ready for the guests, and that is why they won't be ready on April 1.

He expects to open their California parks by "late April"

Chapek says they have been able to reopen several of their parks succesfully and responsibly.

He says Black Widow is "currently set for release on May 7."

They will also be able to buy ESPN+ pay-per-views in the near future.

Those that subscribe to both Hulu and ESPN+ can watch their shows in Hulu.

ESPN+ on Hulu will launch tomorrow. 

Disney+ has surpassed 100 million subscribers.

He reiterates that the early success of Disney+ has caused them to invest more in their service.

He says he could not be more grateful and proud of Disney employees that have shown flexibility and dedication.

He says the virus had a big impact on their business, but Disney has shown great resiliancy despite the unusual and difficult situation.

He starts by sharing his appreciation to Bob Iger for his leadership and legacy.

Now Bob Chapek takes control.

The business portion of the meeting is over.

Based on the priliminary report, the Board of Directors have been reelected, Price Waterhouse Coopers has been approved as their accounting firm, the advisory vote on compensation has been approved, the lobby disclosure proposal has been defeated, and the director nominee candidate list has also been defeated.

The Board of Directors recommends a vote against the proposal.

The next shareholder proposal is to include of non-management employees on director nominee candidate lists. 

The Board of Directors recommended a vote against the proposal.

A representative for one of the shareholder's proposals is now discussing their request to disclose lobbying and politcal contributions.

A quorum is "present" and the meeting can proceed

Disney's Business portion of the meeting will be conducted by Disney's General Counsel Alan Braverman.

He says this is his last shareholder meeting as he is leaving the company at the end of December.

"This has been the most challenging year we have had in recent memory, if not ever."

He starts discussing about how at the last meeting there was growing concern about the virus.

Here we go.... the meeting begins with audio of Bob Iger

We should be getting started any minute now. In the words of WandaVision, "Please Stand By"

Current music is a very random selection from Camp Rock 2

You can view the public stream here: 

We are 15 minutes away (if it starts on time)

Here is the logo for the Shareholder Meeting.

Current music is the full version of the Modern Family theme

Ahead of today's meeting, Disney stock is down 5.11 (2.53%). This is after the stock hit an all-time high of 203.02 yesterday.

While we wait, you can check out the trailer for National Geographic's Secrets of the Whales which is coming to Disney+ on April 22.

We are 15 minutes away from the 2021 Disney Shareholder Meeting, which is being held virtually this year.