Disney will announce its latest results on Wednesday, and the first since Bob Iger’s return as CEO.
DAVE BRIGGS: I watch House of Mouse. Disney releases earnings Wednesday after the bell. Expected revenue of $23.33 billion at $0.80 per share EPS. These stocks are up about 25% this year after falling more than 40% in 1922. Streaming losses will be in the spotlight again. We know the parks have continued to be healthy. Disney’s streaming losses totaled $1.5 billion last quarter. They increased Disney+ prices by $3 to $11 per month in December and introduced an advertising tier of $8. Surely you’ll want to heat up football with “Avatar the Way of the Water,” number one for seven straight weeks, well over $2 billion.
JARED BLIKRE: Awesome, awesome, but when it comes to movie rights, Disney by the way — these are a few titles that came out just a few hours ago — they’re looking at selling more of their movies and TV shows to their rivals. And they go there because they want more money from their library, their content library. And they must appeal to these activist shareholders. So it always comes down to activist shareholders. And if you’re in a… well, not a recession. When you’re in a bear market – we’ve been in a bear market for almost a year – these are the kinds of discussions that are –
DAVE BRIGGS: But will that put Nelson Peltz at ease?
JARED BLIKRE: I don’t know what’s going to happen.
DAVE BRIGGS: I don’t think so.
JARED BLIKRE: I think Disney stock is going to double, triple or quadruple, it could…
DAVE BRIGGS: Bob Iger gave him the Heisman and kept him out so far, you know? No thanks.
JARED BLIKRE: You have to do everything – you have to do everything there. Here we are.
DAVE BRIGGS: Yeah, I have to… yeah, okay, go ahead.
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