Walt Disney Company Quarter 2 Earnings Report 2020

[SaintsManiac]

They acknowledged how many people stay at WDW resorts, have APs, etc.

 

[Mit88]

Lot of live sports questions in this Q&A

 

[rteetz]

Lot of live sports questions in this Q&A

very important to their ESPN/ABC business model.

 

[RamblingMad]

Lot of live sports questions in this Q&A

ESPN has been their problem child since cord cutting picked up.

 

[wareagle57]

You don’t want it to come to denying guests at the gate. It causes angst, and pileup. People in stressed situations like that are more unaware of their surroundings causing possible build up of close contact

I feel like it goes both ways though with the denying people at the gate. Presumably people will have much more knowledge about what they are getting into after the fact. But it seems similar to the RotR boarding groups. You still have people showing up every day upset that they can't ride and didn't know they wouldn't be able to. I think it really depends on how necessary the reservations are. If they are actually expecting demand to WAY exceed capacity on a daily basis, then yeah it is needed. And it sounds like that is what Disney thinks is going to happen. I wonder if they are being optimistic, erring on the side of caution, or a little of both. I don't see it being necessary to the point that it will inconvenience and annoy people planning. Maybe they need it only for a park or 2 a couple times a week. That wouldn't be a big deal. But until we know that, it's going to create a lot of anxiety for people like us, but maybe not so much the normal Disney guest who gets to be blissfully unaware of all this stuff until their trip.

 

[IceSkatingPrincess]

Lack of live sports responsible for a lot of the decrease in ad revenue

 

[Hopingforpixiedust]

Do we know with Shanghai opening will they have fireworks and parades?

 

[rteetz]

I think Chapek did a decent job today.

 

[rteetz]

Do we know with Shanghai opening will they have fireworks and parades?

Not at the start I believe.

 

[SaintsManiac]

I think Chapek did a decent job today.

Agreed.

 

[dina444444]

Do we know with Shanghai opening will they have fireworks and parades?

They were doing practice runs with CMs to offer fireworks. Not sure about parades.

 

[BryGuy415]

I think Chapek did a decent job today.

I agree. I think he gave a decent amount of insight about how things could move forward without committing to anything. He also gave me confidence that there is a plan and they're ready when the time is right.

 

[SaintsManiac]

Not at the start I believe.

The Blog Mickey link says no.

 

[Mit88]

They were doing practice runs with CMs to offer fireworks. Not sure about parades.

Thought someone posted the press release that mentioned no fireworks or parades at the start

 

[CastAStone]

Projects that aren’t far along, or haven’t started yet will likely get the axe, temporarily or permanently

Chapek specifically rejected this idea, said good ideas before are still good ideas now. Delays, not axes

Fair, but risky. Especially if the employees not given shifts aren’t able to collect unemployment

That’s not how furlough works with unemployment in the US.. You lose it when YOU are called back, not when someone is called back.

 

[dina444444]

Thought someone posted the press release that mentioned no fireworks or parades at the start

I just knew about the testing not actual plans for offerings.

 

[CastAStone]

Well I for one am happy that Disney cleared everything up and we won’t have to hear baseless speculation anymore.

 

[RamblingMad]

That call was ugly.

 

[rteetz]

That call was ugly.

Not nearly as bad as the Q3 report will be. This went better than I thought.

 

[wareagle57]

Chapek specifically rejected this idea, said good ideas before are still good ideas now. Delays, not axes

That’s not how furlough works with unemployment in the US.. You lose it when YOU are called back, not when someone is called back.

I was wondering about this. If they need way less CMs to start, that means someones furlough could be extended until they specifically are given a shift? Doesn't matter to me since apparently I'm never going to get any unemployment anyway.