Bloomberg Talks
Disney CFO Hugh Johnston Talks Unnamed Sports Bundle
Feb 8, 2024
Disney CFO Hugh Johnston discusses cutting costs, the new sports bundle with Fox and Warner Bros. Discovery, meeting viewers where they are, the potential impact of a sports bundle on cable networks and independent bidding for sports rights, challenges of a three-way JV, success in China, and avoiding boycotts.
06:50
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Quick takeaways
- Disney has achieved significant cost cutting and margin improvement, saving $500 million and experiencing a margin jump of 350 basis points.
- Disney's sports bundle aims to reduce friction and target consumers who are not in the traditional cable bundle or have already moved away from it, with independent bidding for sports rights.
Deep dives
Cost Cutting and Margin Improvement
The podcast episode discusses the progress made by Disney in terms of cost cutting, resulting in significant margin improvement. The company has saved $500 million, which has positively impacted the bottom line with a margin jump of 350 basis points. The management team is confident that this trend will continue as they tightly manage costs while reinvesting in the business to drive top-line growth.
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