Walt Disney Company Quarter 2 Earnings Report 2020

[rteetz]

Masks for guests and employees. Face characters will not wear masks and will be at a distance from guests.

 

[SaintsManiac]

Masks in Shanghai for guests and CMs.

 

[Mit88]

Uh oh an “m” word question. Run

 

[OnceUponATime15]

Chapek just said the M word again.. had to think masks would be a real factor once Disney started to sell them. lol

 

[xuxa777]

No face characters wearing masks. That is the right move

 

[RamblingMad]

Film production.. when can it be restarted - particularly large scale.. same as theme parks - safety proceedures

This is likely to impact the number of films released over the next two years.

 

[BryGuy415]

Guests and Cast Members to wear masks at Shanghai - but not the face characters...you'll still get to see Cinderella's pearly whites from a distance

 

[andyman8]

Gotta love Disney emphasizing the importance of theatrical releases. Their answer to NBCUni's "war" with AMC and Regal.

 

[rteetz]

Disney remains interested in live sports.

 

[xuxa777]

This is likely to impact the number of films released over the next two years.

Entertainment, film/tv next year so really going to be slim, that is when it will be noticed

 

[andyman8]

DCL last to resume operation of their DPEP segments. "Not in the next few months."

 

[rteetz]

Chapek says the good ideas in the parks before COVID will be good ideas after. There will be "trimmings" but they will continue. "Finer tooth comb" Cruise line will be last of the travel businesses to come back. Data shows long term that cruise line will be popular.

 

[OnceUponATime15]

Future experiences still a go at theme parks but with fine tuning financially

 

[Tjddis]

So except for Shanghai no real park news has been made here today. If they had a date for domestic opens I’m sure we would have heard it. I guess the news was in regard to preparing folks for potential modifications. They did say something in the Q&A about looking to use masks in the parks. Masks will be required in Shanghai for guests and employees and characters will be kept at a distance from guests. So the debates, the speculation and the uncertainty will drag on. Next real thing to see is when/how they communicate one way or the other on 6/1. Either way they are going to be dealing with upset people. They are obviously banking a lot on their brand carrying them through any bad PR that comes along

 

[IceSkatingPrincess]

DCL Question...
Question: Can you cancel the pending orders for new (cruise) ships being built
Answer: "We agree that will probably be the last of our travel oriented businesses to come back online. Long term: something something about people coming back to cruising "obviously not in the next few months"
-- basically dodging the question but long term outlook looks good to them, one of the highest rated businesses in terms of guest satisfaction and repeat visits, High ROI business that creates long term value for shareholders

Also:
We had a lot of really big plans in the parks and still have really big plans. There are certain trimmings we are doing here and there to be responsible from a financial standpoint.... We are going to take a slightly finer toothed comb through those investitures.

"if we open up at less than 50% of our standard capacity we will probably not have trouble filling that"
will staff according to whatever the opening level ends up being, labor is considered a "semi-fixed" cost (basically it has some variability).

 

[jamescanuck2001]

Means it won't lose money to reopen. They need some sort of gain.

I have a different take. They will re-open when they will lose less money than when closed.

 

[SwirlTheCitrus]

I have a different take. They will re-open when they will lose less money than when closed.

Now, who can crunch the numbers and get us an estimate?!

 

[midnight star]

Future experiences still a go at theme parks but with fine tuning financially

What do "future experiences" at the park entail?

 

[andyman8]

I have a different take. They will re-open when they will lose less money than when closed.

Yeah, that's what I gathered from "positive contribution." This to me is why the decision to reopen HKDL is intriguing; it's not as easy at the other parks (from a purely financial perspective).

 

[rteetz]

Disney is confident they can fill whatever the park capacity will be when they do reopen.