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  • Shareholder Meeting Questions - Don't misread those Pirates/Cars comments!

    It's both a blessing and a curse.. that as a company, Disney's most motivated investors are interested only in the Parks. Constrast that with how much time and effort Disney puts into all its financial reporting about the Media division.. at the shareholder meeting all anyone wants to talk about are the parks.. and on top of that.. bring up tiny singular issues instead of actually make comments about how the company is run or it's intentions.

    Listening to the questions in the replay.. out of 21 questions.. 12 of them were about the parks and probably only about 4-5 that even should have been asked in a forum like that.

    Instead we get people complaining that APs don't have even cheaper parking perks (seriously??), not enough discounts, someone asking when the Kingdom Hearts release date would be (this one had to be heard to be put in context..), and questions like 'any plans to update TL'.

    These are not questions about how the company is being lead and where it's going!

    Now there were some good questions mixed in..
    - A gentleman asked for clarification on the Vet program Disney announced if it was capped at 1000 and the locations included. Iger said it was at 1000 for now, but that multiple divisions (including Media) were participating so it's not just certain sites
    - A gentleman asked about Disney support for initiatives to save a landmark in Kansas City related to Disney (their old cartoon office)
    - Questions about the use of marvel in the parks (recent major acquisition.. perfectly legit)
    - Questions about investing in Avatar instead of StarWars (another major investment)
    - Someone tried to ask about John Carter flopping.. and they basically said 'too early to comment'
    - Kid asked if Pixar will start making more than one movie a year - they responded they have additional capacity now, but still targeting quality over quantity


    and of course the two that will be misconstrued on sites for months now..

    The talk about Pirates and Cars in the parks and looking to expand it. TO BE CLEAR, the question was by someone talking about character meals and basically saying there isn't a lot for boys. Iger responded in that they are exploring how to improve in that area by expanding the use of some of their more boy oriented franchices in the parks.. and pirates and cars were two of the franchises mentioned. But they were talking things like M&G, characters, etc.. not specifically adding attractions. The context of the discussion was about girl-centric characters vs material for boys too.

    And the other.. which people have already gone to the races over.. the 24hr day. A commenter asked about the 24hr day and if they were going to do more. Iger said the event was a big success, but didn't say anything about doing another one, just kind of left it as they were looking at the past event and evaluating it. A second commenter then SUGGESTED that if they do another, they should do it on Dec 5, as it's Walt's birthday. That's the ONLY thing discussed.. not that they are thinking about doing it, or would do it.. just a commenter suggested it.

    As far as a shareholder meeting.. I certainly would never waste time to travel to one if this is the type of questioning people have for the CEO/CFO/Chairman. Save that stuff for D23 or other park events.. this meeting was about the entire company, not lame 'I wish there were tiered parking prices for AP holders'

  • #2
    Re: Shareholder Meeting Questions - Don't misread those Pirates/Cars comments!

    Seem to be perfectly legitimate questions... that is, for a company that trades on a tradition of family-friendliness, and hypes nostalgia as if it were a brand.

    I suspect that those annoying Disney stockholders who ask questions more appropriate for a fan event than a proper Wall Street corporation won't be wasting Bob Iger's valuable time much longer. The way Disney is going with the management of its theme parks, particularly in Florida, those customers who are motivated to buy stock out of personal love for what they think Disney stands for will eventually be a thing of the past -- their personal attachment to the company as extinct as the view of its customers-as-audience that the company once had.
    Last edited by Mr Wiggins; 03-13-2012, 02:02 PM.
    "With the acquisition of Marvel and now of Lucasfilm,
    Disney may have finally found the grail. You don't need
    imagination or art. All you need is a brand."

    - Neil Gabler

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    • #3
      Re: Shareholder Meeting Questions - Don't misread those Pirates/Cars comments!

      Originally posted by Mr Wiggins View Post
      Seem to be perfectly legitimate questions... that is, for a company that trades on a tradition of family-friendliness, and hypes nostalgia as if it were a brand.
      Don't you see the irony in people complaining about the company's discount programs not being good enough discounts on top of the discounts they already get? And people complain the company is cheap??

      Does anyone think the people that have the most impact on the company in terms of leverage are going to make impactful choices based on the question if Disney Parks.. a fraction of the overall company.. gives an AP holder even cheaper parking than the significantly discounted parking she already gets?

      Or if a scarey computer nerd who obsesses over a video game that is simply licenses the Disney characters and is set to have negligible impact on the company? She might as well be asking when the next Tinkerbell pin is going to be released. Its moronic to think those are the subjects the CEO or CFO should be bothering themselves with on a daily basis.

      And yes, one guy did bother to complain about the Disney Pins site and how they publish pin information...

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      • #4
        Re: Shareholder Meeting Questions - Don't misread those Pirates/Cars comments!

        Originally posted by flynnibus View Post
        Don't you see the irony in people complaining about the company's discount programs not being good enough discounts on top of the discounts they already get? And people complain the company is cheap??
        The irony is that the company has devolved a long way from the days when its founder and top brass regularly attended their own movie previews and theme parks incognito, to experience for themselves their audience's reactions. The sooner that Disney's common customers get savvy to the reality that those days are gone, and that Disney is no more their friend than Viacom or Citibank, the sooner important people like Iger, Rasulo and Staggs won't have to waste time answering their silly questions.
        "With the acquisition of Marvel and now of Lucasfilm,
        Disney may have finally found the grail. You don't need
        imagination or art. All you need is a brand."

        - Neil Gabler

        Comment


        • #5
          Re: Shareholder Meeting Questions - Don't misread those Pirates/Cars comments!

          Originally posted by Mr Wiggins View Post
          The irony is that the company has devolved a long way from the days when its founder and top brass regularly attended their own movie previews and theme parks incognito, to experience for themselves their audience's reactions. The sooner that Disney's common customers get savvy to the reality that those days are gone, and that Disney is no more their friend than Viacom or Citibank, the sooner important people like Iger, Rasulo and Staggs won't have to waste time answering their silly questions.
          Oh please.. apples and oranges.

          Disney today is not just the studios like it was 60+ years ago. And who do you think this is at the POTC premier?



          Point those kinds of complaints at the heads of those subsidiaries... not the CEO of the global conglomerate.

          It's like complaining to the president about the attitude of your mail man and expecting him to do something about it.

          Comment


          • #6
            Re: Shareholder Meeting Questions - Don't misread those Pirates/Cars comments!

            Some questions I would have rather heard someone ask Iger instead of what we got:


            - Do you think after its repeated financial losses, Disney Interactive Media is worth investing in?

            - Do you think the Walt Disney Pictures studio is running a sustainable business model? Disney seems to have a decreasing amount of luck with expensive "event" movies, but those seem to increasingly be the main focus of the studio's pipeline.

            - Is Disney planning on limiting DVC development on Walt Disney World Property, or we can expect to see more DVC development at other locations instead?

            - Have there been any plan to rework the Disney studios' marketing team? They seem to have played a major role in the studio division's financial losses.

            - Why didn't Consumer Products focus more on John Carter? It seems like this was another in an expanding line of missed opportunities for merchandising.

            - Are there any plans to redesign the Disney company's websites? They tend to feature a lot of Flash for an era when Flash is becoming rapidly outdated and blocked by an increasing number of computers.

            Comment


            • #7
              Re: Shareholder Meeting Questions - Don't misread those Pirates/Cars comments!

              All good questions..

              Comment


              • #8
                Re: Shareholder Meeting Questions - Don't misread those Pirates/Cars comments!

                - Do you think after its repeated financial losses, Disney Interactive Media is worth investing in?
                Yes, especially now they have Bill Roper at the helm...

                - Do you think the Walt Disney Pictures studio is running a sustainable business model? Disney seems to have a decreasing amount of luck with expensive "event" movies, but those seem to increasingly be the main focus of the studio's pipeline.
                They take the long view in regards to films. Remember how long it took Fantasia to get to profit after being haled a box office disaster?

                That being said, Rich Ross needs a "promotion."

                - Is Disney planning on limiting DVC development on Walt Disney World Property, or we can expect to see more DVC development at other locations instead?
                They are blowing it on the west coast, thinking Hawaii is a key destination.... My view is that we will likely see a DVC resourt at DLR with a third gate.

                - Have there been any plan to rework the Disney studios' marketing team? They seem to have played a major role in the studio division's financial losses.
                Again, Rich Ross, promotion, move back to ABC. Do it now.

                - Why didn't Consumer Products focus more on John Carter? It seems like this was another in an expanding line of missed opportunities for merchandising.
                I think a better question is is this Rich Ross's issue or is it Andrew Stanton's? Who was supposed to work on it? Disney or Pixar? Why not just own up?

                - Are there any plans to redesign the Disney company's websites? They tend to feature a lot of Flash for an era when Flash is becoming rapidly outdated and blocked by an increasing number of computers.
                This is going to be a big problem if Apple presses an iPad... Not a matter of if, but when.
                Last edited by cellarhound; 04-09-2012, 02:37 PM. Reason: forgot a point...
                Check out my other blog:

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