Let’s put it this way, not even Disney could have planned for 2020. Coming off a very successful Q1 and decent Q2 coming on the surge of the Covid-19 Pandemic everyone is looking at Disney to see what they have planned for the future. With all of their parks closed for a substantial time and all production halted for the summer months no one is expecting for Disney to come out of this unscathed. But if you expected to just roll over and give up then you don’t know the power of Disney. At this Q3 earnings call we were expecting to hear big news for the future and although we didn’t get that we were able to pick up on some encouraging news. We broke it down below of what is coming in the future from Disney.
Not really shocking but Disney CEO Bob Chapek made the announcement early in the call that Mulan will be available on Disney+ starting September 4th for a rental price of $29.99. For those of you who remember this movie was set to debut in theaters right at the start of the Covid-19 pandemic only to see its premiere moved back multiple times. Not too long ago Disney had removed Mulan from its movie slate and now we know why. When asked if other movies would be getting the same treatment Bob Chapek responded no. Mulan is set to be a one time deal but that Disney will assess after it has been released to see if it is possible for other movies to premiere on Disney+. This is a big gamble from Disney trying to recoup some of it investments in Mulan asking paying subscribers to pay an addition $29.99 for a movie. Only time will tell if the gamble pays off.
This was the main focal point of the shareholders meeting. With the Covid-19 pandemic putting major productions to a standstill Disney wants to focus on its streaming service which was the lone bright spot financially during the call. Disney has exceeded expectations with 60.5 million subscribers to the service but it wants to continue to grow and gain more subscribers. Chapek is continuing is rollout process of Disney+ around the world and making sure there is new content readily available. The means that the company that has made over 20 Marvel movies and 5 Star Wars movies will be focusing on the small screen for the foreseeable future. This announcement did not shock me one bit. With new safety regulations in productions and the uncertainty of the movie theater industry it makes sense to focus on the small screen.
Star Wars News
Not a whole lot of news that came out of this shareholders meeting that we already didn’t know. Disney CEO Bob Chapek reaffirmed that The Mandalorian season two will premiere this fall on Disney+. While most of us knew that, what was interesting is the lack of news of other projects coming in the future. There was no mention of the Cassian Andor series or even the Kenobi series! Chapek assured the listeners on the call that the company will be focusing on the main tentpoles of the company which we can assume he is talking about Star Wars and Marvel. It seems we will have to wait a little longer for confirmation about the projects they are working on.
Marvel Studios News
While Bob Chapek did not initially confirm at the beginning that Loki, Wandavision, and Falcon and The Winter Soldier would premiere later this year on Disney+, he did address it during the Q & A session. Chapek wanted to assure the shareholders that there was plenty of new content that would debut later this year on Disney+ and mentioned those three titles specifically along with The Mandalorian. While production was halted on these shows earlier due to the pandemic it seems that they will all be finished and premiere on Disney+ later this year.
Disney Parks News
Of course we need to mention the Disney parks. Within the past month Disney has reopened a handful of parks around the world maintaining protocols against Covid-19. It was interesting to hear that even with the reduced capacity and shortened hours the parks are making a small ROI. What concerned the CEO was with the new waive of Covid-19 cases there have been less guest traveling from outside Florida coming. This is where the park makes a majority of their profits and not from locals or passholders. For those of you wandering if the safety protocols will be relaxed in the near future, don’t count on it. Disney is investing a lot of money to keep and add more safety protocols for at least the next two fiscal quarters.
What do you all think? Are you excited for what Disney has planned in the future? Were you disappointed that there wasn’t more? Let us know in the comment section below.
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