DIS Shareholders and Stock Info ONLY

[bryaalre]

There was a lot of hype that this earnings was going to include something amazing since they were reporting before the bell for the first time in ages. This could have been showing a significant profit in streaming, announcement of something for the parks but nothing happened besides a normal quarter.

There is also a lot of uncertainty for parts of the company over the next 12-24 months with not just the economy but also with the opening of Epic Universe. We also have no idea how sports and their DTC ESPN flagship app will do to earnings.

I think the market is over reacting a bit to the quarter news as there is nothing notable to send it down 10% and I wouldn't have said it was overpriced prior to or after the report. DTC should hopefully be a segment that doesn't fluctuate all that much besides seeing the usual growth. There is still a long way to go but DTC should be a substantial profit center for Disney in a couple years.

Lastly, the succession is still something that will hang on this stock until a plan is actually put into place and even than, with the past plan failing, wall street will still be cautious for some time.

 

[Jrb1979]

Sure, but there was nothing in this report that should cause a massive drop (IMO) but c'est la vie. I have to give a big shoulder shrug to it all.

There was something to cause a massive drop. They expect a drop in earnings next quarter as well as lower attendance at the domestic parks.

 

[wabbott]

https://finance.yahoo.com/news/walt-disney-dis-q2-2024-161512099.html

Walt Disney (DIS) Q2 2024 Earnings Call Transcript
Motley Fool Transcribing, The Motley Fool
Tue, May 7, 2024, 11:15 AM CDT

 

[clarker99]

There was something to cause a massive drop. They expect a drop in earnings next quarter as well as lower attendance at the domestic parks.

Nothing was said about future parks attendance but thanks for your cont'd annoyance on the topic.

In terms of Parks in Q3, from the call:

Hugh Johnson: 'third-quarter OI is expected to come in roughly comparable to the prior year. Several non-comparable or timing-related items are expected to adversely impact Q3 results, including timing of media and tech expenses, non-comparable items in the prior year at consumer products and the timing of Easter'

Bob Iger provides color on the one time charges: 'we do have some one-time expenses occurring in Q3. If we were to back out one-timers both for Q3 and Q4, we expect OI for the quarter to be in the mid-to-high single-digit range for Q3 and to be double-digit for Q4.'

 

[wabbott]

https://www.wsj.com/business/retail...me-post-covid-magic-10bac387?mod=hp_lead_pos6

Disney’s Kingdom Loses Some Post-Covid Magic
Disappointing earnings forecast for theme parks raises questions about demand trends for key profit source

By Dan Gallagher
May 7, 2024 - 12:48 pm EDT

Good thing for Disney that tourists don’t operate on Nelson Peltz’s timeline.

Disney delivered a mixed fiscal second-quarter report Tuesday morning, barely a month after defeating a proxy challenge from the famed investor activist who had sharply criticized the company’s performance of late. The results themselves contained several positive points, including a surprising and first-ever operating profit from the entertainment portion of the company’s streaming segment and a pickup in revenue growth at the domestic ESPN business.

But Disney also said in its earnings release that operating income for its Experiences segment, which consists mainly of theme parks, will be flat in the June quarter. That disappointed analysts who had projected a 12% gain year-over-year in operating income for that segment, according to consensus forecasts from FactSet. In the company’s conference call, Disney Chief Financial Officer Hugh Johnston noted that “some normalization of post-Covid demand” was a factor in the forecast.

Disney’s shares sank about 10% in Tuesday trading. The outlook on parks raises worries about slowing demand in a business that Disney badly needs to keep strong. Cord-cutting has shrunk the company’s cable-TV empire, while its theatrical movie business is facing an array of challenges ranging from the lingering effects of last year’s crippling Hollywood strikes to the weakening of its high profile Marvel and “Star Wars” franchises. The transition to streaming also has been costly, with the direct-to-consumer segment racking up more than $1 billion in trailing 12-month operating losses, notwithstanding the latest quarter’s surprise earnings.

Theme parks are thus now a key source of stable revenue. They also make an outsize contribution to Disney’s bottom line. The segment benefited greatly from a spike in demand starting in late 2021 as Covid-era travel restrictions eased and consumers were flush with extra spending funds. Combined revenue from domestic and international theme parks accounted for 52% of the company’s total operating profit over the 12-month period ended with the March quarter despite bringing in only a third of the company’s revenue in that time.

So naturally concerns about theme parks tend to weigh heavily on Disney’s investors. The stock’s drop on Tuesday is shaping up to be the worst single-day loss since November 2022, when a disastrous earnings report sparked a selloff of more than 13% and ultimately cost then Chief Executive Officer Bob Chapek his job.

Disappointing theme park earnings played a role in that report as well; operating earnings for the parks segment fell 27% short of Wall Street’s targets back then. Returning CEO Bob Iger noted in his first earnings call three months later that “I’m very, very bullish about our parks, and not just because of the COVID recovery.” The company later announced plans for $60 billion in capital expenditures on parks, cruise lines and resorts over the next decade. The investment will be timely; Universal is opening a major new theme park near Disney’s flagship property in Florida next year.

Iger said Tuesday that one-time costs such as pre-opening expenses for its new Disney Treasure and Adventure cruise ships are the biggest factor weighing on near-term earnings for the parks segment, with bookings showing “healthy growth in the business.” But Disney’s stock came into Tuesday’s report rather hot, with a year-to-date gain of 29% that was well ahead of any of its peers, including Netflix. The stock’s strong performance helped the company beat back Peltz’s criticisms but it also left little room for error in the latest results.

The Magic Kingdom will need to show it can keep the treasure flowing in.

Write to Dan Gallagher at dan.gallagher@wsj.com

 

[clarker99]

https://www.wsj.com/business/retail...me-post-covid-magic-10bac387?mod=hp_lead_pos6

Disney’s Kingdom Loses Some Post-Covid Magic
Disappointing earnings forecast for theme parks raises questions about demand trends for key profit source

By Dan Gallagher
May 7, 2024 - 12:48 pm EDT

Wall Street Journal just out here with complete nonsense. Listen to the call and/or read the transcript. I will post this again:

In terms of Parks in Q3, from the call:

Hugh Johnson: 'third-quarter OI is expected to come in roughly comparable to the prior year. Several non-comparable or timing-related items are expected to adversely impact Q3 results, including timing of media and tech expenses, non-comparable items in the prior year at consumer products and the timing of Easter'

Bob Iger provides color on the one time charges: 'we do have some one-time expenses occurring in Q3. If we were to back out one-timers both for Q3 and Q4, we expect OI for the quarter to be in the mid-to-high single-digit range for Q3 and to be double-digit for Q4.'

 

[RivShore]

But Disney also said in its earnings release that operating income for its Experiences segment, which consists mainly of theme parks, will be flat in the June quarter. That disappointed analysts who had projected a 12% gain year-over-year in operating income for that segment, according to consensus forecasts from FactSet.

@clarker99 - Do you have the Experiences YoY Op Income increase handy for Q1-2? Curious to see it they have achieved that growth some analysts were expecting.

 

[clarker99]

@clarker99 - Do you have the Experiences YoY Op Income increase handy for Q1-2? Curious to see it they have achieved that growth some analysts were expecting.

 

[clarker99]

@clarker99 - Do you have the Experiences YoY Op Income increase handy for Q1-2? Curious to see it they have achieved that growth some analysts were expecting.

Looks like 10% growth yoy

 

[HokieRaven5]

@clarker99 - Do you have the Experiences YoY Op Income increase handy for Q1-2? Curious to see it they have achieved that growth some analysts were expecting.

Just to add to what @clarker99 shared

Domestic Park attendance for the year is up 1% for the first 6 months vs FY23

Cash Rooms Booked basically the same as last year.

International attendance is up 22% YoY for the first 6 months

International Cash Room nights booked up about 19%.

 

[clarker99]

Just to add to what @clarker99 shared

Domestic Park attendance for the year is up 1% for the first 6 months vs FY23

Cash Rooms Booked basically the same as last year.

International attendance is up 22% YoY for the first 6 months

International Cash Room nights booked up about 19%.

Domestic Hotels had a great quarter.
- Q2 had the most occupied room nights reported since Q1FY20
- More occupied room nights reported than any quarter in FY18

 

[RivShore]

This guy really hates the never ending sequels....

https://nypost.com/2024/05/07/enter...you-need-to-know-about-sorry-state-of-disney/

Johnny Oleksinski
Movies


This Bob Iger comment tells you all you need to know about the sorry state of Disney
By Johnny Oleksinski
Published May 7, 2024, 5:25 p.m. ET

You know what Walt Disney never, ever said?

That he was proud of “the IP that we’re mining.”

Because Walt Disney was not, so far as I’m aware, an alien robot hellbent on intergalactic domination — he was a creative genius.

No, that dystopian string of words was uttered by current Disney CEO Bob Iger during a quarterly earnings call on Tuesday.

“The team is one that I have tremendous confidence in,” he began.

So far, so good. But A-Iger wasn’t finished yet.

“And the IP that we’re mining, including all the sequels that we’re doing, is second to none,” added Bob-Bot 2000.

Forget “when you wish upon a star.” Now, it’s “when you drill upon IP.”

Even though Marvel Studios, Star Wars, Indiana Jones and many other House of Mouse properties have wobbled the past few years with uninspired retreads that the ticket-buying public has given the cold shoulder, the clueless exec is still laser-focused on more sequels and universes.

A company that was once a bastion of newness, talent and innovation has become a bunch of talking trademarks.

“We had gone through a period where our original films and animation, both Disney and Pixar, were dominating,” Iger said. “We’re now swinging back a bit to lean on sequels.”

A bit?!

Just this year alone, theaters will get “Inside Out 2,” “Moana 2” and “Mufasa: The Lion King.”

Then in 2025 there’s “Zootopia 2,” and in 2026 comes “Toy Story 5.”
A scene from Inside Out 2 3
Disney is banking on Pixar’s “Inside Out 2” doing big business at the box office. AP

Everywhere you look, there are numbers and colons.

And, as if the situation couldn’t get any bleaker, while all of those familiar follow-ups are being pumped out, Disney will also deliver live-action remakes of “Snow White” and the first “Moana.”

It’s a small world after all, indeed.

Meanwhile over at mopey Marvel, which has had embarrassing misfires with “The Marvels” and “Ant-Man and the Wasp: Quantumania,” Iger said the brilliant strategy there is to simply do slightly fewer projects. Yeah — that’ll fix everything!

They aim to “decrease volume and go to probably about two TV series a year instead of what had become four and reduce our film output from maybe four a year to two, or a maximum of three,” the ‘ger-minator said.

Really? Thirty-three wasn’t enough?

Perhaps lessening the load will lead to higher quality MCU product with actually respectable CGI. And, of course, audiences are more likely to latch onto something solid than something mediocre.

However, there is an undeniable superhero fatigue going on, and three movies and two TV shows over a 12-month period is still a huge amount to expect audiences to give their time to.

How alarming it is to see Iger dismiss originality as a fad from a bygone era, when it’s what Disney’s entire legacy is built on.

The CEO’s real problem isn’t the volatile marketplace — it’s personnel. He needs better, more imaginative people behind the camera. After all, none of these underwhelming sequels would exist were it not for the brilliant minds who took a risk on an out-there idea in the first place.

“The Lion King,” for instance, about a boy animal, was an incredibly gutsy move in 1994 for the studio famous for beautiful princesses. Obviously, it paid off big time for them.

Thirty years later, Disney is still lazily riding Simba’s coattails.

Pardon. Mining the IP.

 

[Elijah Abrams]

This guy really hates the never ending sequels....

https://nypost.com/2024/05/07/enter...you-need-to-know-about-sorry-state-of-disney/

Johnny Oleksinski
Movies


This Bob Iger comment tells you all you need to know about the sorry state of Disney
By Johnny Oleksinski
Published May 7, 2024, 5:25 p.m. ET

You know what Walt Disney never, ever said?

That he was proud of “the IP that we’re mining.”

Because Walt Disney was not, so far as I’m aware, an alien robot hellbent on intergalactic domination — he was a creative genius.

No, that dystopian string of words was uttered by current Disney CEO Bob Iger during a quarterly earnings call on Tuesday.

“The team is one that I have tremendous confidence in,” he began.

So far, so good. But A-Iger wasn’t finished yet.

“And the IP that we’re mining, including all the sequels that we’re doing, is second to none,” added Bob-Bot 2000.

Forget “when you wish upon a star.” Now, it’s “when you drill upon IP.”

Even though Marvel Studios, Star Wars, Indiana Jones and many other House of Mouse properties have wobbled the past few years with uninspired retreads that the ticket-buying public has given the cold shoulder, the clueless exec is still laser-focused on more sequels and universes.

A company that was once a bastion of newness, talent and innovation has become a bunch of talking trademarks.

“We had gone through a period where our original films and animation, both Disney and Pixar, were dominating,” Iger said. “We’re now swinging back a bit to lean on sequels.”

A bit?!

Just this year alone, theaters will get “Inside Out 2,” “Moana 2” and “Mufasa: The Lion King.”

Then in 2025 there’s “Zootopia 2,” and in 2026 comes “Toy Story 5.”
A scene from Inside Out 2 3
Disney is banking on Pixar’s “Inside Out 2” doing big business at the box office. AP

Everywhere you look, there are numbers and colons.

And, as if the situation couldn’t get any bleaker, while all of those familiar follow-ups are being pumped out, Disney will also deliver live-action remakes of “Snow White” and the first “Moana.”

It’s a small world after all, indeed.

Meanwhile over at mopey Marvel, which has had embarrassing misfires with “The Marvels” and “Ant-Man and the Wasp: Quantumania,” Iger said the brilliant strategy there is to simply do slightly fewer projects. Yeah — that’ll fix everything!

They aim to “decrease volume and go to probably about two TV series a year instead of what had become four and reduce our film output from maybe four a year to two, or a maximum of three,” the ‘ger-minator said.

Really? Thirty-three wasn’t enough?

Perhaps lessening the load will lead to higher quality MCU product with actually respectable CGI. And, of course, audiences are more likely to latch onto something solid than something mediocre.

However, there is an undeniable superhero fatigue going on, and three movies and two TV shows over a 12-month period is still a huge amount to expect audiences to give their time to.

How alarming it is to see Iger dismiss originality as a fad from a bygone era, when it’s what Disney’s entire legacy is built on.

The CEO’s real problem isn’t the volatile marketplace — it’s personnel. He needs better, more imaginative people behind the camera. After all, none of these underwhelming sequels would exist were it not for the brilliant minds who took a risk on an out-there idea in the first place.

“The Lion King,” for instance, about a boy animal, was an incredibly gutsy move in 1994 for the studio famous for beautiful princesses. Obviously, it paid off big time for them.

Thirty years later, Disney is still lazily riding Simba’s coattails.

Pardon. Mining the IP.

It's sadly true, but I highly recommend not to read anything the New York Post puts out. It's all "tabloid trash".

 

[wabbott]

https://deadline.com/2024/05/disneylandforward-final-approval-anaheim-1235908052/

Disney’s $1.9B DisneylandForward Plan Gets Final Approval From Anaheim City Council; Major Changes Set For Walt’s Original Park

By Tom Tapp - Deputy Managing Editor
May 7, 2024 - 7:33pm PDT

The Anaheim City Council gave final approval today to DisneylandForward, the $1.9 billion, Disney’s multi-decade expansion plan for Walt’s original park. Today’s 7-0 procedural vote came after a unanimous vote approving the project in April. The zoning and other changes laid out by the plan to take effect in 30 days.

Those changes include zoning that will allow mixed use development where it does not exist now. The proposal allows the redeployment of some 57 acres of parking and unused land. Artists’ renderings of the plans provided by Disney, while conceptual, show one major development to the west of the current parks near the Disneyland Hotel and another to the southeast of California Adventure. Both plots are currently dedicated mostly to parking.

That would allow theme park attractions alongside hotels on the west side of Disneyland Drive. See rendering below.

It would also allow theme park attractions alongside new shopping, dining and entertainment to the southeast on what is today the Toy Story Parking Area at Katella Avenue and Harbor Boulevard. See rendering below.

Earlier this year, Disney CEO Bob Iger offered a brief first look at the “possible” new Avatar-themed area at the Anaheim park. Pandora – The World of Avatar, has been up and running at Disney World in Florida for years and Iger said it is the company’s “intention” to make it a new feature of Disneyland. “We’re thrilled about many potential new stories that our guests could experience in Walt’s original theme park, including the opportunity to embark on all-new Avatar adventures with a visit to the world of Pandora,” he said. “Possible” is the key term there.

At a six-hour Anaheim City Planning Commission meeting in March regarding the company’s request for zoning “flexibility” in relation to the city’s 1994 “Resort Specific Plan” governing the area in and around Disneyland, a string of local residents wondered to the commission and Disneyland honcho Ken Potrock why they are being asked to allow a $1.9 billion revamp of the park with scant details on what specific attractions and experiences are being added. (The company’s plan for the park has been dubbed DisneylandForward.)

“With DisneylandForward and more flexibility within our existing properties, new lands and adventures like those underway at Tokyo DisneySea and Shanghai Disneyland could inspire new experiences here,” reads the copy on DisneylandForward.com. Examples given are Frozen land and the Tangled and Peter Pan attractions for the original park and Zootopia, Tron and Toy Story elements for Disney’s California Adventure. These are just examples, however. Disney brass, including Potrock in his responses to Anaheim residents, have not committed to any of them.

Disney needs the project for its flagship park because, while its Parks and Experiences unit continues to throw off cash, most of the outstanding 10% revenue growth the unit has seen in the past three months is due to its overseas properties.

Disneyland, despite growing attendance and per capita spend, saw results dip year-on-year on higher costs, including labor, said CFO Hugh Johnston on a Q2 earnings call with analysts early today.

A big surprise — he said Parks growth in the current fiscal third quarter will be flat for a few reasons including “some normalization of post-Covid demand as it relates to demand. While consumers continue to travel in record numbers and we are still seeing healthy demand, we are seeing some evidence of a global moderation from peak post-Covid travel.” Wall Street didn’t quite know what to do with that and the stock fell as a result.

Disney is just starting ten-year, $60 billion investment cycle in Parks and Experiences. The first step is the $1.9B DisneylandForward plan. “We’re incredibly excited for the many potential new stories our guests could experience at Walt’s original theme park,” Iger said in his opening remarks on the call.

For more details on DisneylandForward, click here.

Some positives for Anaheim residents include that Disney is required to invest a minimum of $1.9 billion in theme park, lodging, entertainment, shopping and dining within 10 years. Also included are $30 million for affordable housing in Anaheim, with $15 million in the first year and $15 million in five years; $10 million: for sewer improvements along Katella Avenue; $8 million for Anaheim parks within the first year.

Depending on what’s built, Anaheim is projected to see $15 million to $244 million in additional yearly revenue at complete buildout of what’s allowed under DisneylandForward.

 

[wabbott]

https://www.yahoo.com/entertainment/every-major-media-executive-got-130000280.html

What Every Major Media Executive Got Paid in 2023​

Lucas Manfredi
Tue, May 7, 2024 at 8:00 AM CDT

During a year in which Hollywood television and film production came to a halt due to the dual strikes, the lofty pay packages of the entertainment industry’s top brass became a key point of scrutiny.

But according to TheWrap’s annual study of executive pay, while many media and entertainment executives saw a decrease in compensation compared to the previous year, most continued to rake in tens of millions, dwarfing the median earnings of their workforces.

In 2023, 21 top executives amassed $641.82 million in total compensation, up 16% from 2022, our analysis showed.

Topping the 2023 list was Chris Winfrey, CEO of Charter Communications, who pulled in total compensation of $89 million, almost five times as much as 2022, due mostly to stock option awards. Not far behind was Endeavor CEO Ari Emanuel with nearly $84 million in 2023, a more than three-fold jump due mostly to his dual role as CEO and executive chairman of wrestling and ultimate fighting company TKO Group Holdings.

Among companies that encompass major Hollywood studios, Netflix Co-CEO Ted Sarandos’ $49.8 million in compensation slightly outpaced WBD CEO David Zaslav’s $49.7 million.

Only two women were among 21 top executives TheWrap included in its list — all the rest of which were white men. There were no people of color among them.

Shareholders are given the opportunity to vote on executive pay packages set by companies’ compensation committees. Support for these non-binding “say-on-pay” proposals inched up slightly to 90% in 2023, from 89% in 2022, though more votes ended up in the 70% to 90% average support range, according to the Conference Board.

“Early 2024 results indicate a strong opening of the year for say-on-pay, with average support of 93% and none of the votes dropping below the 70% threshold,” the organization wrote in a proxy season preview in February. “According to some investors, however, say-on-pay may have outlived its usefulness, especially as an annual exercise.”

The organization added that it is “not encouraging compensation committees to have more periodic and meaningful discussions of what’s working and what isn’t” and that some companies are “seemingly indifferent” about negative say-on-pay votes.

Public companies report executive pay annually, with most filing proxy statements in March or April ahead of annual shareholder meetings. Executive pay involves many factors, including one-time grants issued on an executive’s hire or stock that vests on a company’s initial public offering. Complex accounting rules also mean that an executive’s reported stock compensation may not reflect what they ultimately realize from those equity awards.

Below TheWrap breaks down what each major entertainment executive made in 2023, based on proxy statements filed with the U.S. Securities and Exchange Commission.

Charter Communications: Chris Winfrey​

Charter Communications, with over 32 million customers in 41 states, is the largest cable operator in the United States by subscribers. In his first year as CEO, Chris Winfrey took home $89.07 million in total compensation, up 470% from $15.6 million in 2022 when he was Charter’s CFO. The company’s share price rose 14.9% in 2023.
The package included $8.69 million in stock awards, $74.9 million in option awards, $3.49 million in non-equity incentive compensation and $223,866 in “other” compensation, including $197,952 for personal use of the company airplane.
The median Charter employee made $54,476 in 2023. The ratio for Winfrey’s compensation compared to the median employee was 1,635.2 to 1.

Endeavor Group Holdings: Ari Emanuel​

Ari Emanuel’s compensation as CEO of Endeavor hit nearly $84 million in 2023, a 340% surge from $19.06 million in 2022.
The $83.88 million pay package included a salary of $4.9 million, a $34.65 million bonus, $43.47 million in stock awards and $847,045 in “other” compensation, which reflected $225,000 in incremental costs related to business management and tax advisory services, personal use of the company aircraft, reserved parking and personal cell phone expenses.
The majority of his compensation — $64.9 million — came from Emanuel’s role as CEO of WWE and UFC parent TKO Group, according to TKO’s proxy filing. When excluding the TKO portion, Emanuel’s Endeavor 2023 pay totaled $18.97 million.
The median Endeavor employee earned $70,841 in total compensation in 2023. The ratio of Emanuel’s compensation compared to the median employee was 1,184 to 1. Excluding his TKO pay, the pay ratio to Endeavor’s median employee would be 281 to 1.

Netflix: Ted Sarandos, Greg Peters, Reed Hastings​

After the streamer made changes to its executive pay policies, Netflix Co-CEO Ted Sarandos saw his total compensation dip 0.9% to $49.8 million in 2023, from $50.29 million in 2022.
His package included a $3 million base salary, $28.3 million in option awards, $16.5 million in non-equity incentive plan compensation and $1.98 million in “other” compensation, including $55,913 for car services, $620,013 for personal use of company aircraft and $1.3 million in residential security costs. By comparison, Sarandos’ 2022 package included a $20 million base salary, $28.5 million in option awards and $1.78 million in “other” compensation.

Netflix Co-CEO Greg Peters, who was elevated to the role in January 2023 after Reed Hastings stepped down, received $40.1 million in total compensation for the year, up 42.6% from $28.1 million in 2022.
Peters’ package included a $2.89 million base salary, $22.67 million in option awards, $13.9 million in non-equity incentive plan compensation and $620,602 in “other” compensation.
The median Netflix employee made $200,761 in 2023. The ratio of Sarandos and Peters’ compensation to the median employee was 248 to 1 and 204 to 1, respectively.

Hastings, who serves as executive chairman, received $11.2 million in total compensation for the year, down 77.8% from $51 million in 2022. The package included a base salary of $510,962, $10.6 million in option awards and $136,092 in “other” compensation.

Warner Bros. Discovery: David Zaslav and Jean-Briac “JB” Perrette​

Warner Bros. Discovery CEO David Zaslav took home $49.7 million in 2023, up 26.5% from $39.2 million in 2022.
The package comprises a $3 million base salary, $23.1 million in stock awards, $22 million in non-equity incentive compensation and $1.6 million in “other” compensation that included $16,800 for a car allowance and $705,182 for personal security costs at his residences and during travel, $767,908 for personal use of corporate aircraft and $106,373 for tax gross-ups associated with business associate and spousal travel at the request of the company that is considered business use.
In remarks on Monday at the Milken Conference, Zaslav argued that CEOs “need to be paid with alignment with shareholders, and the majority of compensation should be aligned with the performance of the stock.” WBD’s share price has fallen 67.4% since the Discovery-WarnerMedia merger in 2022.
The median Warner Bros. Discovery employee earned $171,163. Zaslav’s pay ratio compared to the median employee was 290 to 1.

JB Perrette received $20.14 million in total compensation, up 43.1% from $14.08 million in 2022.
The package included a $2.56 million base salary, $8.76 million in stock awards, $2.2 million in option awards, $5.96 million in non-equity incentive plan compensation and $660,517 in “other” compensation, including $545,596 for tax equalization payments made by the company on behalf of Perrette and $93,649 for associated tax gross-ups.

Comcast: Brian Roberts and Mike Cavanagh​

Comcast chairman and CEO Brian Roberts received $35.4 million in total compensation for 2023, up 10.6% from his $32.06 million in 2022.
The pay package included a $2.5 million base salary, $15.02 million in stock awards, $9.2 million in option awards, $8.55 million in non-equity incentive plan compensation and $199,049 in “other” compensation, including $189,049 for personal use of the company-provided aircraft.
Comcast’s median employee received $89,104 in 2023. The ratio of Roberts’ compensation compared to the median employee was 398 to 1.

Comcast president Mike Cavanagh, who took over the role in October 2022 after serving as chief financial officer, received total compensation of $29.58 million in 2023.
The package included a $2.46 million base salary, $11.4 million in stock awards, $7 million in option awards, $8.4 million in non-equity incentive plan compensation and $258,030 in “other” compensation, including $248,030 for personal use of company-provided aircraft.
That marked a 26.9% decrease from the $40.48 million he received in 2022, when he received a special performance-based stock option award of $14.8 million that only becomes exercisable if free cash flow per share growth targets are met over a five-year period.

Disney: Bob Iger, Bob Chapek and Christine McCarthy​

Disney CEO Bob Iger took in $31.59 million in total compensation for 2023, up 110.6% from $15 million in 2022. Disney shares inched up 1.6% in 2023.
His 2023 package included $865,385 base salary, $16.1 million in stock awards, $10 million in option awards, $2.14 million in non-equity incentive compensation and $2.48 million in “other” compensation, including $793,993 in personal air travel and $1.24 million in security.
The median Disney employee made $54,010 in 2023. The ratio of Iger’s pay compared to the median employee was 595 to 1.

Former Disney CEO Bob Chapek took in $9.94 million in total compensation, down 58.8% from $24.18 million in 2022. His 2023 package included a $673,077 salary, $1.32 million in stock options, $220,581 in non-qualified deferred compensation earnings and $7.72 million in other compensation, including $35,226 in personal air travel and $73,743 in security.
In connection with his termination in November 2022, Chapek also received a cash payment of $6.5 million of his remaining base salary and $1.03 million in the form of a pro-rated target bonus.

Former CFO Christine McCarthy, who stepped down from her role in July to take a family medical leave of absence, took in $18.13 million in 2023, down 10.4% from $20.24 million in 2022.
McCarthy’s package included a $2.05 million salary, $9.95 million in stock awards, $3 million in option awards, $3 million in non-equity incentive compensation and $127,890 in other compensation, including $53,536 for personal air travel. In her capacity as strategic advisor, she received a $517,500 salary for fiscal 2023.

Paramount: Bob Bakish​

Former Paramount Global CEO Bob Bakish, who stepped down from his role last week, received $31.25 million in total compensation in fiscal year 2023, a 2.5% drop from the $32.04 million package he received in 2022.
Bakish’s total pay included a $3.1 million base salary, $15.5 million in stock awards, $12.4 million in non-equity incentive plan compensation, $121,824 to reflect a change in pension value and non-qualified deferred compensation earnings and $100,196 in “other” compensation, which included $79,259 in transportation-related benefits.
The median Paramount employee earned $114,249 in 2023. The ratio of Bakish’s compensation compared to the median employee was 274 to 1.

AMC Entertainment: Adam Aron​

AMC Entertainment CEO Adam Aron raked in $25.4 million in total compensation in 2023, up 7% from $23.7 million in 2022.
Aron’s pay package included a $1.5 million base salary, $17.9 million in stock awards and $6 million in non-equity incentive plan compensation.
AMC’s shares plummeted 84% in 2023, largely due to the impact of the strikes, a heavy debt load and the end of a preferred-stock issuance program.
The median AMC Entertainment employee made $11,555 in 2023. The ratio of Aron’s compensation compared to the compensation of the median employee was 2,201 to 1.

Fox Corporation: Rupert Murdoch and Lachlan Murdoch​

Fox Corporation Chairman Emeritus Rupert Murdoch, who announced his retirement from the role of chairman in September, took home $22.9 million in fiscal 2023, up 24.4% from $18.4 million in fiscal 2022.
The package included a $5 million base salary, $5.8 million in stock awards, $1.75 million in option awards, $4.4 million in non-equity incentive plan compensation, a $5.7 million change in pension value and non-qualified deferred compensation earnings and $200,879 in “other” compensation, including $114,335 for personal use of company-provided aircraft and $25,140 for personal use of a company-provided car.

Fox Corporation chairman and CEO Lachlan Murdoch received $21.8 million in fiscal 2023, up 0.1% from $21.7 million in total compensation for fiscal 2022.
The package included a $3 million base salary, $9.2 million in stock awards, $2.75 million in option awards, $4.4 million in non-equity incentive plan compensation, a $646,000 change in pension value and non-qualified deferred compensation earnings and $1.77 million in “other” compensation. That additional pay included $188,175 for personal use of company-provided aircraft, $14,400 for personal use of a company-provided car and $1.54 million in residential security.
The median Fox employee made $97,491 in 2023. The ratio of Lachlan’s compensation compared to the median employee was 223 to 1.

Lionsgate: Jon Feltheimer​

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Lionsgate Entertainment CEO Jon Feltheimer took in $21.5 million in total compensation for 2023, up from $5.58 million in 2022 and $19.2 million in 2021.
The package included a $1.5 million base salary, a $10 million bonus, $9.75 million in stock awards and $278,405 in “other” compensation, as well as $15,953 in club membership dues, $29,650 in security service costs, and $218,700 in incremental costs for personal use of a company-leased aircraft.
The median Lionsgate employee made $94,627 in fiscal 2023. The ratio of Feltheimer’s compensation compared to the median employee was 227.5 to 1.

Roku: Anthony Wood and Charles Collier​

Roku chairman and CEO Anthony Wood Jr. received $20.2 million in total compensation for 2023, a 3.7% dip from his $20.9 million pay package in 2022.
The package included a $1.2 million base salary, $7.57 million in stock awards and $11.4 million in option awards. In comparison, he received a $1.2 million base salary, $19.8 million in option awards and $16,644 in “other” compensation in 2022.
Roku’s median employee received $253,359 in total compensation in 2023. The ratio of Wood’s compensation compared to the median employee was 80 to 1.

Meanwhile, Roku Media president Charlie Collier saw his total pay drop to $6.84 million in 2023, an 87.2% decrease from the $53.3 million he received in 2022. The falloff was due to Collier not receiving material stock awards or options in 2023.
His 2023 package included a $6.83 million base salary and $18,825 in “other” compensation, which included medical and life insurance premiums paid on his behalf. In 2022, Collier received a base salary of $1.08 million, $23.28 million in stock awards, $28.93 million in option awards and $25,245 in “other” compensation, including a one-time reimbursement paid for $25,000 in attorneys’ fees related to the negotiation of his offer letter.
Pursuant to Roku’s supplemental option program, Wood elected to forego $600,000 and Collier elected to forego $1 million worth of their 2023 base salaries in exchange for monthly grants of vested stock options equal to that amount.

AMC Networks: Kristin Dolan​

In her first year as AMC Networks CEO, Kristin Dolan received $14.6 million in total compensation for 2023.
Dolan succeeded CEO Christina Spade, who received total compensation of $21.4 million in 2022. Spade abruptly stepped down from her position in November after just three months in the role.
Dolan’s CEO package included a $1.65 million base salary, $8.8 million in stock awards, $4.04 million in non-equity incentive plan compensation and $71,750 in “other” compensation, including $49,658 in reimbursements for personal helicopter travel and $13,277 in director compensation.
The median AMC Networks employee received $88,982 in 2023. The ratio of Dolan’s pay compared to the median employee was 164 to 1.

Cinemark: Sean Gamble​

Cinemark CEO Sean Gamble received $8.8 million in total compensation for 2023, up 48% from $5.95 million in 2022. The company’s share price ballooned 67% in 2023.
The package included a $900,000 base salary, $5.39 million in stock awards, $2.44 million in non-equity incentive plan compensation and $59,002 in “other” compensation, including $30,251 in dividends paid on restricted stock and vested RSUs.
Cinemark’s median employee made $10,152 in 2023. The pay ratio for Gamble’s compensation compared to the median employee was 867 to 1.

The post What Every Major Media Executive Got Paid in 2023 appeared first on TheWrap.

 

[wabbott]

0:13 / 5:12

Media Mogul Byron Allen: This is just a speed bump for Disney, 'Bob Iger is the best of the best'

 

[JPKanks]

I was bummed and disappointed there really wasn't any big breaking news there. They mentioned Planet of the Apes multiple times and a few other things, but nothing exciting.

 

[HokieRaven5]

This guy really hates the never ending sequels....

Well… if only audiences would pay to see originals and not sequels/well known IP…

Top 10 of the Domestic Box Office of the last Decade (2013-2023 discounting 2020 for Covid closures) and I counted 11 out of the 100 films could be classified as Originals. The rest were sequels or well known IP.

 

[PolymerSkywalker]

If you make good stuff people will watch it. See Barbie and Oppenheimer. Make better movies……it’s really that simple.

 

[clarker99]

I was bummed and disappointed there really wasn't any big breaking news there. They mentioned Planet of the Apes multiple times and a few other things, but nothing exciting.

It was an earnings call, not a media event.