And that's a wrap

Bob Chapek says dividends will be part of the allocation strategy when the businesses return to a normal operating environement.

Restoring the dividend is a board decision and will look at the investments they are making and the recovery of Disney's businesses

40% of Disney's upfront ad revenue comes from streaming and digital.

Across Disney's portfolio, Disney saw significant price increases compared to 2019, and their total revenue is up double-digits.

Bob Chapek says he won't comment when ESPN will pivot to an a la carte offering, but he says they have built in flexibility into their sports rights deals

In Argentia Star+ will have 10,000 sporting events per year.

Bob Chapek says Disney+ expects to launch a new series, movie, or big library release every week by the end of the year.

Moving ahead they are going to grow their focus on general entertainment (Hulu/Star) and local content.

Disney also doesnt plan to launch a split-up version of Disney+, such as a Marvel service and a Star Wars service.

Disney has no plans to launch an ad-supported version of Disney+ at this time.

In Europe, the churn improved after they raised the price and added the Star brand

Disney+ has not seen significantly higher churn after the recent price increase.

Bob Chapek sees Marvel as an endless opportunity for content.

Loki was the most watched series premiere on Disney+ during its opening week.

Bob Chapek is asked to bring back Iron Man, and he responds saying watch "Armor Wars" starring Don Cheadle.

Regarding content creation, despite the ramp-up, Disney is still focused on "quality over quantity"

Despite the massive reorganization on the content business, Bob says they have seen strong buy-in at the company regarding the new strategy.

Disney Cruise Line has seen strong demand for the innaugural season of the Disney Wish.

There is also strong demand at the Disney Cruise Line despite the pause and limited marketing.

Disney's forward looking reservations are really strong at the domestic parks.

Virtual queues allow guests to do other things, such as shopping and eating, which Bob says has a positive business impact.

Bob Chapek says that some of the contactless options that expanded during the pandemic and online check-in will help lower costs.

Disney expects admissions revenue to continue to grow due to their new pricing and ticket strategy.

These projects were prioritized during the pandemic to keep the new offering pipeline going.

They also are working on three new ships and a new island destination.

Internationally, Zootopia is coming to Shanghai, Frozen is coming to Hong Kong, and Avengers Campus and Hotel New York- The Art of Marvel are coming to Paris.

Bob says they are still working on a massive update to EPCOT, including Ratatouille, Harmonious, and the Guardians coaster.

Disney is looking at creating new connections between their parks business and their direct-to-consumer business.

Bob Chapek says that the opening of Avengers Campus has gone remarkably well.

Bob Chapek is happy with what they own when asked about consolidation or deconsolidation.

They have continued to invest in their parks business, despite the shutdown.

They have seen strong underlying demand as they came out of COVID, which will be a good test for their yield management plan. 

He says they have used the shutdown to reconsider every part of their parks business, especially in "yield management"

As we head out of the pandemic, Bob Chapek says they are optomistic as ever about their business.

Here we go

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