Walt Disney Company Quarter 2 Earnings Report 2020

[SaintsManiac]

https://blogmickey.com/2020/05/shan...advanced-ticketing-mask-requirement-and-more/

Based on the additional measures and procedures, we ask for guest understanding of and compliance with the following requirements when Shanghai Disneyland reopens:*

1. Purchase dated admission tickets for Shanghai Disneyland prior to their arrival, as on-site sales will not be available. Annual Pass holders must make a reservation for their visit date and time through Shanghai Disney Resort’s official online channels before their visit to the park. During this “Advanced Reservation Period,” General Admission tickets for Shanghai Disneyland will not be accepted;**
2. Provide basic personal information for each guest visiting the park, including name, phone number, ID type and ID number via Shanghai Disney Resort’s official online channels after purchasing a ticket and prior to arriving at the resort. A Shanghai Disneyland Reservation QR Code will be provided after the successful submission of the required identification information, and guests will be required to present the code before entering the theme park;
3. Register for the Health QR Code prior to their arrival, which will be required to be presented upon entering any location at Shanghai Disney Resort. Only guests with a green Health QR Code will be allowed to enter the resort;
4. Be prepared to present a China government ID card, or valid travel document, for each guest at the park turnstiles (photos or printed copies will not be accepted);
5. Undergo temperature screening procedures upon arrival; and
6. Wear an approved mask during the entire visit to the resort except when dining.

*These measures will continue to be reviewed as the situation warrants, and may be further adjusted.

**The validity period of a Shanghai Disneyland Annual Pass will be extended for the number of lost days falling between the park’s closure date of January 25, 2020 and the end of the “Advanced Reservation Period.” A Shanghai Disneyland Annual Pass that expired before January 25, 2020 or that was purchased after the end of the “Advanced Reservation Period” will not be extended. The same extension policy will apply to the validity period for General Admission tickets for Shanghai Disneyland. The detailed extension policy, including block-out days, will be communicated with Pass and ticket holders separately.

 

[rteetz]

Second question about quicker profitability of Disney+ than originally thought.

 

[LSUmiss]

What’s interesting is there was no real leak about Shanghai opening as soon as Monday. So we may not get much notice for the other parks either. It might be like 2-3 weeks max. I expect DS to open next 1-2 weeks based on the rumors of activity etc,

 

[andyman8]

Hard to imagine what this would be like if Disney+ didn't exist.

That's what I'm inclined to think, but I remind myself that D+ is still not profitable. They won't get a ROI for a few years, given the initial capital cost.

 

[rteetz]

Parks situation is very fluid. $1 billion attributed to the parks business, 2 weeks domestic is about half that number.

 

[rteetz]

Hong Kong closure accelerated losses there.

 

[Pickle Rick]

What’s interesting is there was no real leak about Shanghai opening as soon as Monday. So we may not get much notice for the other parks either. It might be like 2-3 weeks max. I expect DS to open next 1-2 weeks based on the rumors of activity etc,

Have any CM's been called back to DS? Seems like Shanghai had cast members for weeks, if not over a month before, working on getting things prepped for re-opening.

 

[rteetz]

Disney not prepared to update projections on Disney+.

 

[rteetz]

Have any CM's been called back to DS? Seems like Shanghai had cast members for weeks, if not over a month before, working on getting things prepped for re-opening.

Not officially.

 

[DebbieB]

Its not about if they can, its about if its safe to do so and if guidelines will allow.

Need to know if I should cancel my flights and inform my employer if I need to reschedule PTO. It’s under 4 weeks, they owe some transparency. It’s pretty obvious it’s a no go.

 

[PCFriar80]

Those companies aren't comparable to Disney in just about any way.

The poster said "everyone".

 

[OhioStateBuckeye]

Interesting that May 11 is a Monday. So they definitely didn't want a weekend opening there. Probably figured it'd be quieter on a Monday.

 

[Pickle Rick]

Not officially.

deleted.

 

[SierraT]

Need to know if I should cancel my flights and inform my employer if I need to reschedule PTO. It’s under 4 weeks, they owe some transparency. It’s pretty obvious it’s no go.

It would be the ethical thing to do.

 

[andyman8]

Question about park capacity right now.

 

[chad_1138]

Question about park capacity for profitability - JP Morgan

 

[monica9]

Capacity question

 

[LSUmiss]

Need to know if I should cancel my flights and inform my employer if I need to reschedule PTO. It’s under 4 weeks, they owe some transparency. It’s pretty obvious it’s a no go.

I agree at this point. They need to give a tentative plan.

 

[gottalovepluto]

https://twitter.com/x/status/1257775905071673345

“Phased re-opening of retail and dining locations prior to the opening of our theme parks.”
Certainly sounds like Disney Springs will open before the Parks.

 

[rteetz]

Parks reopening is not about break even but more of a positive contribution. They won't reopen until they can make a positive contribution.