That's a wrap from the earnings call. 

Including one revealed today: Home Sweet Home Alone 

Sounds like they will be launching a lot of titles on Disney+ Day

Disney+ Day will be balanced between global and local promotion.

A good chunk of Disney's marketing is going to the Disney Bundle, as churn rates a lower on the bundle than stand-alone subscriptions.

Regarding direct-to-consumer, Chapek says he views them being at the first inning of the first game of a very long season.

Chapek says they have figured out ways to fairly compensate their talent.

Disney expects parks to be fully staffed by the end of the calendar year (December 31)

70% of the available rooms are currently open at Walt Disney World

Disney+ churn is down even though they increased prices.

40% of Disney's upfront dollars was spent on digital outlets.

He says Disney Genie will lead to "substantial commercial opportunities."

Bob Chapek says MyMagic+ was sticking their toe in and Disney Genie is that on steroids.

The reservation system allows them to manage demand, grow yields, and improve guest experience. This will stay long after the increased sanitation costs go away.

They see strong demands for the parks despite the delta variant, but they are seeing convention cancellations.

Sounds like he wishes they had a different plan for Shang-Chi, but the delta variant resurged too late for them to practically change course.

They do not have the contractual ability to move Free Guy and they think Shang-Chi will be an interesting experiment.

He says they will be flexible, but at some point, they need to put a stake in the ground. (Specifically on Shang-Chi and Free Guy)

Chapek says they have a lot of partners, and they need to be able to plan their businesses as well.

The first question is about the return to theatrical exhbition. Chapek says they want to be flexible, but did not forsee the rise of the delta variant.

They expect to resume dividends and share repurchases but will not do so until things return to normal and they pay down more of their debt.

The Disney Board has decided to not declare a dividend for the first part of 2021.

Disney expects capital expenditures to be down about $200 million compared to last year, primarily due to less spending at domestic parks.

They expect income to decrease next quarter due to increased programing and marketing costs at ABC and FX.

McCarthy says the ad market for live sports is strong, even with competion from the Olympics.

ESPN saw a big increase (beacuse they had sports to air, compared to last year).

As a reminder, Disney's 2022 Fiscal Year starts in October

Guest spending at the parks is up significantly compared to 2019 due to pent up demand and a "favorable guest mix" (translation: fewer APs)

Walt Disney World attendance was at or near capacity limits during the quarter

Now on to Christine McCarthy, Disney's CFO.

Bob Chapek says he is optimistic as ever about the future of The Walt Disney Company

Chapek reiterates that decision will be made on a film-by-film basis.

Chapek said the both Bob Iger and him determined the hybrid solution was the best strategy for Black Widow

Hawkeye, The Book of Boba Fett, and Welcome to Earth will launch on Disney+ later this year.

On November 12, Disney will celebrate Disney+ Day which will be an across company event.

The launch of Disney+ in Central Europe has been moved from Late 2021 to 2022

Luca, Loki, and The Falcon & The Winter Solider are called out as strong performers.

Further details about Disney Genie will be revealed soon.

He is talking about Magic Key and he says that the reaction from fans has been extremely positive.

Future bookings at Disney Cruise Line remain strong especially for the Fall 2022 itineraries.

Work continues of Star Wars Galactic Starcruiser and EPCOT

They are encouraged by the positive trends they are seeing at the Parks

He says they will be delivering a more seamless and personalized experience.

Bob Chapek begins by talking about Disney's priorities for the future, which he says starts with great storytelling.

Today's operator clearly had a career in radio (or wanted one)

The earnings call is beginning.

Interestingly, Hulu subscriptions are up 21% compared to the prior year. It is unknown how many of those are in the Disney Bundle. 

This call is using more HSM:TM:TS songs than the show title uses colons 

The current hold music is "Be Our Guest" from High School Musical: The Musical: The Series

Disney is jumping in after hours trading, currently up over 9 points (5%)

In the quarter, Disney sent $1.6 billion in capital expenditures in the quarter. This is a decrease from $2.5 billion in the prior year quarter due to the temporary suspension of certain projects.

Disney also recognized a $126 million gain on the sale of their 50% ownership stake in a German television network.

Current call music is High School Musical: The Musical: The Series

Disney took a non-cash loss of $217 million due to a change in the value of their ownership stake in DraftKings.

Disney took a $5 million charge in the quarter for severance costs at Disney Parks, Experiences and Products

The link for today's call is now live if you'd like to listen along: https://edge.media-server.com/mmc/p/qqdyu88v

Higher subscription revenue reflected subscriber growth and increases in retail pricing. The increases in costs and subscribers reflected ongoing expansion of Disney+ including launches in additional markets.

The higher loss at Disney+ was due to higher programming and production, marketing and technology costs, partially offset by an increase in subscription revenue and Premier Access revenue for Cruella

Direct-to-consumer had reduced losses from 600 million to 300 million. This is due to lower losses at Hulu, partially offset by increased losses at Disney+

Disney expects to spend $1 billion in COVID costs for things such as safety measures and government regulations

Bob Chapek: “We ended the third quarter in a strong position, and are pleased with the Company’s trajectory as we grow our businesses amidst the ongoing challenges of the pandemic. We continue to introduce exciting new experiences at our parks and resorts worldwide, along with new guest-centric services, and our direct-to-consumer business is performing very well, with a total of nearly 174 million subscriptions across Disney+, ESPN+ and Hulu at the end of the quarter, and a host of new content coming to the platforms.”

Revenue was $17.02 billion vs $16.76 billion expected.

Earnings per share were 80 cents vs 55 cents expected by the street

Parks are profitable for the first time since COVID

Disney+ has 116 million subscribers

In other investment news, the Dow and S&P 500 reach new record highs at the close.

Disney ended up closing the day up 1.29 (.72%) to 179.38

The street is expecting 110 million subscribers for Disney+, we will see if Disney beats or misses that target soon.

Ahead of the bell, Disney is up 1.15 despite the DJIA being even.

We are 5 minutes away from the Closing Bell.  After that, Disney will announce their 3Q earnings report

Hey there! The first earnings results should be released a bit after 1 p.m. PT this afternoon followed by the conference call at 1:30 p.m. PT. Stay tuned!