CLAIM #21377 · DIS (DIS) · 2024Q2 earnings call · May 7, 2024 · due May 7, 2025
“That business should get back to profitability, and we certainly feel good about it being a healthy, profitable business over time.”
Hugh Johnston · CFO
In context
“United States. We also have an array of sports rights in Latin America, many of them came with the acquisition of 20th Century Fox. We're being selective about adding international rights right now where possible, where the opportunity exists, we're doing so. But we're not investing heavily at this point in growing international rights, except again, where we can buy them along with the rights that we're licensing for the United States. It's an opportunity for us to plant the seeds of more growth for ESPN outside the United States, but we're walking before we run in that regard. Hugh Johnston: And then, Robert, to answer your question about studio profitability, as I look back, studio profitability has got some cyclicality to it. And we certainly feel very good about the upcoming slate. That business should get back to profitability, and we certainly feel good about it being a healthy, profitable business over time. Beyond that, I don't want to get into quarterly guidance on a subcomponent of one of our segments. So it's just getting a little bit too low into the details. Operator: And our next question comes from Kannan Venkateshwar with Barclays. Kannan Venkateshwar: In terms of the theme park business, maybe Hugh or Bob, if you could talk about the growth framework, which anchors your CapEx plan, it's obviously a pretty significant plan over the next decade. And the business has grown over mid-single digits for a very long period of time. How much upside do you see to this trajectory over the investment horizon? And then, Bob, from a succession planning perspective, you've obviously been highly engaged with the Board on this. Could you talk about what your goal is in terms of the hand off? What”
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SEC filings for DIS ↗ · Claim quote is verbatim from the 2024Q2 earnings call.