- The media giant reports earnings after the market close on Aug. 12.
- A scaled-back after-hours Halloween event at Disney World kicks off next week.
- Cruella hits the Disney+ streaming service for all subscribers by the end of the month.
Theres never a dull moment for the House of Mouse. Walt Disney (NYSE:DIS) is going to have a busy August. Its kicking off a new seasonal event at Disney World, announcing important financial results, and making one of this years biggest films more accessible to a wider audience.
Theres no time to slumber. Lets go over three of the dates that will matter for the industry bellwether in August.
Image source: Disney.
Its too hot and too early to be thinking about Halloween, but dont tell Disney World that its too soon for a Halloween event. The Disney After Hours Boo Bash kicks off next week, running after the parks normal closing time on select nights starting Aug. 10. Its an early start even by theme park standards, as Disneylands after-hours event doesnt start until four weeks later.
The new premium-priced event at Disney World replaces the more ambitious Mickeys Not-So-Scary Halloween Party, but -- in a shrewd supply-and-demand gamble -- Disney is charging even more this year than it did for the longer and more full-featured Halloween event.
Dont be surprised if things dont go according to plan. The Florida resort is facing a record number of COVID-19 cases and hospitalization rates for the Sunshine State. Last Friday it began requiring that all guests regardless of vaccination status start wearing masks in all indoor attractions. Disney is unlikely to cancel the hard-ticket event, but keep an eye on the situation.
Disney reports its fiscal third-quarter results after next Thursdays market close. The year-over-year comparisons will be kind. Analysts see a 43% increase in revenue, mostly the result of Disneys theme park and studio entertainment segments contracting sharply a year ago. The bottom-line gain should be even more robust.
Beyond the numbers, investors will want to look for any metrics that the media giant may announce. Is Disney+ subscriber growth decelerating? Can Disneys theme parks business turn a profit the way its closest rival just did? Is it gaining or losing viewers for its legacy media networks?
There are always big questions heading into any earnings report. Lets see if Disney provides the answers that the market wants to hear.
If you missed Cruella when it hit movie theaters over Memorial Day weekend -- and thats a lot of us, since just 3% of the country saw it at a multiplex -- youll get a chance by the end of this month to check it out. The live-action origin story of 101 Dalmatians iconic villain becomes available to Disney+ subscribers at no additional cost on Aug. 27.
Disney has an interesting strategy when it comes to theatrical distribution during the pandemic. If its a low-key release it will make it available on its Disney+ streaming service right away. For some of its more high-profile flicks -- including Black Widow last month and Cruella -- Disney is giving families the opportunity to pay $29.99 for exclusive streaming access to the movie through what it calls Disney+ Premier Access for three months before its available to all of the flagship services subscribers.
It will be interesting to see if Disneys approach changes when the COVID-19 pandemic finally ends. Every entertainment stock has taken a different approach to how it distributes new movies, and time will tell which media giant had the best strategy.
This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.Rick Munarriz owns shares of Walt Disney. The Motley Fool owns shares of and recommends Walt Disney. The Motley Fool has a disclosure policy.>
Motley Fool Returns
Stock Advisor S&P 500
Discounted offers are only available to new members. Stock Advisor will renew at the then current list price. Stock Advisor list price is $199 per year.
Stock Advisor launched in February of 2002. Returns as of 08/31/2021.
Cumulative Growth of a $10,000 Investment in Stock Advisor Calculated by Time-Weighted Return
Find us at the office
Zawodniak- Bushar street no. 43, 41415 Nouakchott, Mauritania
Give us a ring
+77 583 658 542
Mon - Fri, 10:00-15:00