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Bloomberg Talks

Disney CFO Hugh Johnston Talks Earnings

Nov 14, 2024
In this engaging discussion, Hugh Johnston, CFO of Disney, shares insights on the company’s financial performance and future strategies. He emphasizes Disney's strategic investments in streaming and experiences, noting a positive shift in profitability. Johnston discusses the move from quantity to quality in entertainment, including exciting revivals of beloved franchises. The talk also covers ESPN's direct-to-consumer launch and how Disney is adapting to digital transformation, alongside personal finance tips for smart investments.
06:22

Episode guests

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Quick takeaways

  • Disney is focusing on high-quality creative content and strategic investments in streaming and parks to drive future growth.
  • The launch of ESPN's innovative D2C platform aims to enhance audience engagement through digital interactivity and personalized sports content.

Deep dives

Investments in Streaming and Experiences

The Walt Disney Company is heavily investing in both the streaming and experiences sectors, particularly parks and cruises, as these areas are critical for future growth. CFO Hugh Johnston highlights that these investments are pivotal for the company's financial health and are expected to yield substantial returns. The emphasis on creative content has returned, with the company now focusing on producing fewer, but higher-quality films and shows, which has already resulted in notable successes like billion-dollar movies and numerous Emmy wins. This creativity not only enhances viewer engagement but also supports the overall business model by attracting more subscribers and increasing profitability.

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