Disney’s Changing of the Guard is Official
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 13 October 2020
⏱️ 22 minutes
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Summary
Disney CEO Bob Chapek reorganizes the business in an even greater commitment to streaming video. Johnson & Johnson’s 3rd-quarter earnings take a back seat to news about its Covid-19 vaccine trial. Shares of Ethan Allen pop on increased guidance for actual profits in the 1st quarter. Jason Moser analyzes these stories and gives a quick preview of what investors should expect from Big Banks this earnings season.
Transcript
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| 0:00.0 | It's Tuesday, October 13th. |
| 0:04.0 | Welcome to Market Foolry. |
| 0:05.0 | I'm Chris Hill with me today, the one and only, |
| 0:08.0 | Jason Moser. |
| 0:09.0 | Good to see you. |
| 0:10.0 | Good to see you. |
| 0:11.0 | We have got a health giant in the headlines. |
| 0:14.2 | We've got a stay-at-home stock that is on the rise, |
| 0:16.9 | but we are going to start with the house that Mickey built. |
| 0:20.6 | Shares of Disney up nearly 5% this morning after the company announced a reorganization |
| 0:26.4 | that is going to prioritize streaming video. |
| 0:30.8 | They're going to have three content groups, one for sports, one for general entertainment, one for movies, and the ongoing challenge, for lack of a better word, I think it's fair to to say and something that'll be interesting to watch is how |
| 0:46.1 | Disney prioritizes what is the best platform |
| 0:50.6 | for any given piece of content. |
| 0:54.0 | Bob Chapek, the CEO was on |
| 0:57.0 | CNBC yesterday after the market closed, talking with Julia Porsten, |
| 1:01.0 | and she asked him a great question which is essentially |
| 1:07.2 | you know Disney's done very well with sort of those big tent pole movies in the theaters |
| 1:15.4 | are you changing that strategy are you you know she i don't think she used the |
| 1:18.9 | word abandoned but she may as well have said you like are you giving up on movie theaters in favor of the |
| 1:24.7 | Disney Plus streaming service? |
| 1:28.0 | And I loved his answer. |
... |
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