"The second 100 years, will be as succesful as the first 100 years."

5/24/2021 2:39 PM Pacific Time

Regarding what he is most excited about over the next few years, Bob Chapek says they continue to reach new audiences with their storytelling.

5/24/2021 2:38 PM Pacific Time

Disney plans to close 100 international channels in 2021, as they continue to roll-out Disney+ internationally.

5/24/2021 2:36 PM Pacific Time

They delayed to launch of Star+ in Latin America which will allow them to highlight their sports programming.

5/24/2021 2:35 PM Pacific Time

The flexibility to pivot sports broadcasts to ESPN+ has been an important part of recent rights deals. (NFL, NHL, MLB, La Liga)

5/24/2021 2:32 PM Pacific Time

Disney creates 17,000 hours of local content for Hotstar in India each year.

5/24/2021 2:30 PM Pacific Time

The vast amount of European subscribers have activated the Star "tile"

5/24/2021 2:28 PM Pacific Time

In Europe, Disney actually saw improvements in churn rate when they increased prices and added Star.

5/24/2021 2:27 PM Pacific Time

Even with the price increase, Chapek feels they offer a good price to value proposition.

5/24/2021 2:27 PM Pacific Time

He corrected himself and said Boba Fett, but it is hard to tell if he just said something that had yet to be announced.

5/24/2021 2:26 PM Pacific Time

(He meant Boba Fett, apparently)

5/24/2021 2:26 PM Pacific Time

Bob Chapek just slipped and said "With Star Wars we have Han Solo....."

5/24/2021 2:26 PM Pacific Time

Disney expects full content flow to Disney+ in either the 2022 or 2023 fiscal years.

5/24/2021 2:25 PM Pacific Time

They will be marrying the parks business and the Disney+ business by sharing data.

5/24/2021 2:24 PM Pacific Time

"Never underestimate the power of the Disney Bundle"

5/24/2021 2:23 PM Pacific Time

Disney continues to be surprised by the number of houses without kids that have subscribed to Disney+

5/24/2021 2:23 PM Pacific Time

Luca is going to Disney+ as a way to ensure that the service has a good pipeline of content.

5/24/2021 2:19 PM Pacific Time

Chapek says this strategy is "priming the pump" for a return to theatrical releases

5/24/2021 2:19 PM Pacific Time

Franchise films, will typically get theatrically released. Black Widow is going hybrid due to being between restrictions and normal.

5/24/2021 2:18 PM Pacific Time

On the studio side, Bob says they have learned that "flexibility is good."

5/24/2021 2:15 PM Pacific Time

They are very pleased with the performance of their parks in Asia, especially Shanghai Disney.

5/24/2021 2:14 PM Pacific Time

Disneyland's reservation system will be used as a way to manage demand and ticket pricing.

5/24/2021 2:13 PM Pacific Time

Bob implies that virtual queues will continue after they return to "normal"

5/24/2021 2:11 PM Pacific Time

Other changes including expanding mobile ordering, contact-less check-in, and virtual queues.

5/24/2021 2:11 PM Pacific Time

Disney took the opportunity to revisit their park operations, such as pricing and the annual pass program at Disneyland.

5/24/2021 2:10 PM Pacific Time

Chapek reiterates that the "intent to visit" metric has returned to 2019 levels.

5/24/2021 2:08 PM Pacific Time

Bob Chapek says you will see more easing of capacity restriction and other guidelines, such as mask wearing, in their fourth quarter (July-September)

5/24/2021 2:06 PM Pacific Time

Bob says he expects low percentage increases in attendence over the next few months.

5/24/2021 2:05 PM Pacific Time

They hope to resume normal theme park operations as soon as it is allowable and responsible.

5/24/2021 2:05 PM Pacific Time

Bob Chapek says most of the investment in Walt Disney Imagineering projects have continued.

5/24/2021 2:03 PM Pacific Time

During the pandemic, they changed their structure to allow them to pivot both in terms of distribution and international growth

5/24/2021 2:03 PM Pacific Time

Bob Chapek says they are optimistic as ever regarding their business.

5/24/2021 2:02 PM Pacific Time

Bob says they are happy with the strategy they have and the merger doesn't impact them at all.

5/24/2021 2:01 PM Pacific Time

The first question is what Bob thinks of the merger of WarnerMedia and Discovery.

5/24/2021 2:01 PM Pacific Time

And here we go...

5/24/2021 2:00 PM Pacific Time

Welcome! Today's Q&A is set to begin at 2 p.m. PT (so in just a few minutes)

5/24/2021 1:57 PM Pacific Time