6 Questions for Bob Iger

 by Ray Keating

Commentary

DisneyBizJournal.com

September 23, 2023

 

While visiting Walt Disney World on Friday afternoon, I overheard a conversation among Disney cast members either speculating or knowing that Disney CEO Bob Iger was at the Boardwalk Resort.

 

So, as noted in the accompanying video, this got me thinking about what I would ask Mr. Iger if I happened to bump into him. Here are the six questions that came to mind.

 

First, Disney has made a big deal in recent days about pledging to invest $60 billion in parks and cruise lines over the coming decade, could you provide more specifics? What are we looking at in terms of numbers and projects at Walt Disney World, for example? “Frozen” at Disneyland and “Black Panther” have been mentioned in reports, can you give us more?

 

Second, with news and rumors swirling about offers being made to Disney for ABC and other Disney television networks, including Byron Allen’s reported $10 billion offer for ABC, FX and National Geographic, what’s the company’s thinking on a price target for such assets?

 

Third, can you give us some clarity on the future of ESPN and its move to full streaming?

 

Fourth, in light of the Disney deal with Charter Communication, how do you now envision the future of streaming, such as Disney+, as it relates to cable television? (See the recent DisneyBizJournal analysis).

 

Fifth, the quality of Marvel films has fallen off notably since Avengers: Endgame, or at best these films have become far more uneven. What is the plan going forward, and is Kevin Feige in danger of losing his job?

 

Sixth, some recent Disney movies pulled in a decent amount of revenue at the box office – such as The Little Mermaid, Indiana Jones and the Dial of Destiny and Elemental – but runaway costs made these either box office losers or break-even propositions. What’s being done to get these costs under control?

 

And if I could slip one more question in, it would be: Given the controversy between Disney and Florida Governor Ron DeSantis, it has been reported that you’ve said that you want to “quiet the noise” on these types of issues. How do you accomplish that given the reality of politics?

 

__________

 

Ray Keating is the editor, publisher and economist for DisneyBizJournal.com; and author of the Pastor Stephen Grant thrillers and mysteries, the Alliance of Saint Michael novels, and assorted nonfiction books. Have Ray Keating speak your group, business, school, church, or organization. Email him at raykeating@keatingreports.com.

 

The views expressed here are his own – after all, no one else should be held responsible for this stuff, right? (Keating is a Disney shareholder.)

Consider books by Ray Keating, including…

 

• The Pastor Stephen Grant thrillers and mysteries. There are 18 books in the series now.

 

• Order The Weekly Economist II: 52 More Quick Reads to Help You Think Like an Economist. Kindle editions and paperbacks via Amazon here and signed books here. And don’t forget the first book in this growing series, i.e., The Weekly Economist: 52 Quick Reads to Help You Think Like an Economist at Amazon.com.

 

• Cathedral: An Alliance of Saint Michael Novel is at Amazon. 

 

• The Lutheran Planner: The TO DO List Solution combines a simple, powerful system for getting things done with encouragement, inspiration and consolation from the Christian faith.

 

• Signed editions of Ray’s books are at www.RayKeatingOnline.com. 

 

Also, check out Ray’s podcasts – the Daily Dose of Disney, Free Enterprise in Three Minutes, and the PRESS CLUB C Podcast.

Disney and Charter vs. Cord Cutting?

 by Ray Keating

Analysis

DisneyBizJournal.com

September 12, 2023

 

The Walt Disney Company and Charter Communications came to an agreement on Monday (September 12) just in time for Jets fans with Spectrum cable to see their bad luck continue with a potentially season-ending injury for quarterback Aaron Rodgers during “Monday Night Football.”

But this wasn’t your typical last-minute deal regarding carriage fees cable companies pay for assorted channels. In a joint press release, Disney and Charter called this a “transformative” agreement – and that might not be your typical corporate PR hyperbole.

 

Disney had pulled its cable channels from Charter’s Spectrum cable on August 31. In the deal announced on Monday, the Disney offerings on Spectrum will be reduced from 27 channels to 19, according to the Associated Press. At the same time, Charter’s fees to Disney are “expected to increase, although financial terms were not released on Monday.”

 

But the truly big news in this announcement is about Disney’s streaming services. Here are the four key points from the release:

 

• “In the coming months, the Disney+ Basic ad-supported offering will be provided to customers who purchase the Spectrum TV Select package, as part of a wholesale arrangement.”

 

• “ESPN+ will be provided to Spectrum TV Select Plus subscribers.”

 

• “The ESPN flagship direct-to-consumer service will be made available to Spectrum TV Select subscribers when it launches.”

 

• “Charter will also use its significant distribution capabilities to offer Disney’s direct-to-consumer services to all its customers – in particular its large broadband-only customer base – for purchase at retail rates. These include Disney+, Hulu and ESPN+, as well as The Disney Bundle.”

 

So, Disney streaming services are going to be offered through Spectrum cable. This is a striking melding of linear and streaming. Could this Disney-Charter agreement be “transformative” in terms of its effects on cable and streaming? Maybe. 

 

It definitely warrants watching, and keeping an eye on how other streamers and cable companies react, including how Disney works with other cable companies. As AP noted: “While making a direct-to-consumer product available through a cable system may seem counterintuitive, the deal will help the soon-to-be launched ESPN service get established and have more access to advertisers, [ESPN President Jimmy] Pitaro said.”

 

In a joint statement, Disney CEO Bob Iger and Charter CEO Chris Winfrey said: “Our collective goal has always been to build an innovative model for the future. This deal recognizes both the continued value of linear television and the growing popularity of streaming services while addressing the evolving needs of our consumers.”

 

Immediate thoughts? Fascinating. Weird and challenging – given what we’ve heard and assumed about streaming killing cable and accelerating cord cutting. Maybe a game-changer – at least possibly for the near term.

 

__________

 

Ray Keating is the editor, publisher and economist for DisneyBizJournal.com; and author of the Pastor Stephen Grant thrillers and mysteries, the Alliance of Saint Michael novels, and assorted nonfiction books. Have Ray Keating speak your group, business, school, church, or organization. Email him at raykeating@keatingreports.com.

 

The views expressed here are his own – after all, no one else should be held responsible for this stuff, right? (Keating is a Disney shareholder.)

 

Consider books by Ray Keating, including…

 

• The Pastor Stephen Grant thrillers and mysteries. Here are 18 books in the series now with the latest being Under the Golden Dome: A Pastor Stephen Grant Novel and For Better, For Worse: A Pastor Stephen Grant Short Story.

 

• Order The Weekly Economist II: 52 More Quick Reads to Help You Think Like an Economist. Kindle editions and paperbacks via Amazon here and signed books here. And don’t forget the first book in this growing series, i.e., The Weekly Economist: 52 Quick Reads to Help You Think Like an Economist. Signed paperbacks at RayKeatingOnline.com or paperbacks, hardcovers and Kindle editions at Amazon.com.

 

• Cathedral: An Alliance of Saint Michael Novel. Signed paperbacks and/or paperbacks, hardcovers and the Kindle edition at Amazon. 

 

• The Lutheran Planner: The TO DO List Solution combines a simple, powerful system for getting things done with encouragement, inspiration and consolation from the Christian faith.

 

Also, check out Ray’s podcasts – the Daily Dose of Disney, Free Enterprise in Three Minutes, and the PRESS CLUB C Podcast.