THB #153: The Day Before Disney Day

Yes, ladies and gents, Disney’s quarterly is coming tomorrow. I don’t expect anything like the drama around Netflix’s quarterly, so I plan on writing about it tomorrow and then moving on to my Top Gun Maverick review on Thursday.

Last quarter was the quarter when Disney demoted theatrical to “Content Sales/Licensing and Other” on their filings. That section will likely drop this quarter, as Disney had only one release in the 3 months of the quarter, 20th’s Death on the Nile. Zero committment to non Marvel/Star Wars films and a small percentage of Pixar. Don’t believe otherwise, no matter how well Dr. Strange 2 opened.

Here is what revenues looked like. Linear is ABC and the cable nets. Direct-To-Consumer is Disney+, Hulu, and ESPN+.

I have simplified the Q1 Subscriber and Average Revenue Per Unit numbers into this chart, so you can deconstruct the good and bad for Disney as numbers roll out. (I’ll be in a screening when the numbers land.)