https://www.laughingplace.com/w/articles/2018/05/08/live-blog-disney-q2-2018-earnings/
- Disney stock closed .69 down for the day
- Disney revenues at $14.55 billion beating expectations
- Earnings per share $1.84
- Parks and Studios drove results
- Black Panther was a major bright spot
- Guest spending at parks is up
- New digital media outlets are helping offset declines of traditional services
- Iger says Fastpass+ and IP driven attractions is helping the parks
- Iger is confident in closing Fox deal
- Disney intends to hold up to 39% of Sky even if Comcast gets the other 61%
- Iger believes the Fox-Disney deal is different from the ATT-Time Warner deal
- Company expenses was up to $194 million
- Domestic parks spending is up to $713 million from $650 million
- Iger won't comment on numbers with ESPN+ but says there has been a positive reaction
- Shanghai Disney Resort saw a decrease in attendance due to foreign currency change
- Iger expects digital platforms to overtake traditional ones sooner than some may expect
- Iger says MCU is the most lucrative box office franchise of all time
- Disney will be revealing more of the slate for the Disney Streaming service in the coming months
- Room occupancy at domestic Disney resorts was 90%
- Disney expects drag on BAMTech to be $50 million more than expected due to ESPN+ development
- ESPN ad sales are down 1%
- 3rd consecutive quarter that Disney has seen a slowing of cable subscriber loss
- Disney has bought $3.2 billion of its stock this year so far
- Iger says they will continue to grow the parks
- Use of Disney franchises will drive the growth at the parks
- Iger believes improving the guest experience with things like MyMagic+ has allowed them to increase prices
- Disney is looking at quality over quantity with the Disney streaming service
- Iger believes there are other markets in China and around the world for Disney parks
- Iger says it is inevitable they will build parks in other countries
- Marvel movies have been plotted out well into the next decade
- Iger says don't conclude that Avengers 4 is the last Avengers movie
- Infinity War won't see same return due to costs from cast and scope of film
- Toy Story Land in DHS is bigger than Shanghai (duh)
- Iger emphasized National Geographic as part of the Fox deal
- Disney's goal with the ESPN+ service is to create a sports marketplace