First Reactions From Disney's 3rd-Qtr Earnings Report

The transcript discusses Disney's earnings, focusing on the media networks, particularly ESPN, and the impact of cord cutting. It highlights Disney's digital investments, such as the acquisition of a stake in Bam Tech, and the stabilization of media stocks. The transcript also covers Disney's strategy in the movie business, emphasizing its investment in franchises like Pixar, Marvel, and Lucasfilm to mitigate volatility.

What was a major concern for Disney investors regarding ESPN?

• Growth in ESPN's international market

• Expansion of ESPN's digital platform

• Decline in ESPN subscribers

• Increase in advertising revenue

How did Disney respond to the challenges of cord cutting?

• By acquiring more traditional media companies

• By investing in digital platforms like Bam Tech

• By increasing cable network prices

• By reducing ESPN's content offerings

What was the market's reaction to Disney's financial adjustments?

• Investors were completely dissatisfied

• Investors accepted the changes but noted the businesses are not as strong as before

• Investors were indifferent

• Investors were highly optimistic

What strategy has Disney employed to reduce volatility in its movie business?

• Focusing on independent films

• Investing in new directors

• Acquiring proven franchises like Pixar, Marvel, and Lucasfilm

• Reducing the number of movie releases

What is a key feature of Disney's future movie release strategy?

• Focusing on original content

• A pipeline full of franchise movies

• Releasing fewer movies each year

• Collaborating with independent studios