And that's a wrap


6/14/2021 12:52 PM Pacific Time

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

6/14/2021 12:52 PM Pacific Time

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

6/14/2021 12:51 PM Pacific Time

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

6/14/2021 12:48 PM Pacific Time

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

6/14/2021 12:47 PM Pacific Time

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

6/14/2021 12:46 PM Pacific Time

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

6/14/2021 12:43 PM Pacific Time

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

6/14/2021 12:41 PM Pacific Time

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

6/14/2021 12:38 PM Pacific Time

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

6/14/2021 12:37 PM Pacific Time

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

6/14/2021 12:34 PM Pacific Time

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

6/14/2021 12:32 PM Pacific Time

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

6/14/2021 12:31 PM Pacific Time

Bob Chapek sees Marvel as an endless opportunity for content.

6/14/2021 12:28 PM Pacific Time

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

6/14/2021 12:27 PM Pacific Time

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

6/14/2021 12:26 PM Pacific Time

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

6/14/2021 12:24 PM Pacific Time

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

6/14/2021 12:22 PM Pacific Time

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

6/14/2021 12:21 PM Pacific Time

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

6/14/2021 12:20 PM Pacific Time

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

6/14/2021 12:20 PM Pacific Time

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

6/14/2021 12:20 PM Pacific Time

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

6/14/2021 12:19 PM Pacific Time

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

6/14/2021 12:18 PM Pacific Time

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

6/14/2021 12:17 PM Pacific Time

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

6/14/2021 12:17 PM Pacific Time

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.

6/14/2021 12:17 PM Pacific Time

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

6/14/2021 12:16 PM Pacific Time

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

6/14/2021 12:12 PM Pacific Time

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

6/14/2021 12:10 PM Pacific Time

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

6/14/2021 12:10 PM Pacific Time

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

6/14/2021 12:09 PM Pacific Time

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

6/14/2021 12:09 PM Pacific Time

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

6/14/2021 12:08 PM Pacific Time

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

6/14/2021 12:07 PM Pacific Time

Here we go

6/14/2021 12:06 PM Pacific Time

Hello! Today's event is set to begin at 12:05 p.m. PT. See you then!

6/14/2021 11:58 AM Pacific Time