Walt Disney Co at Bank of America Merrill Lynch Media, Communications and Entertainment Virtual Conference Transcript

Sep 10, 2020 / 06:25PM GMT
Jessica Jean Reif Ehrlich - BofA Merrill Lynch, Research Division - MD in Equity Research

Good afternoon, everybody, and welcome back. We could not be more thrilled to have Christine McCarthy here with us today, representing Disney company. Chris is the CFO and Senior EVP of The Walt Disney Company.

Questions and Answers:

Jessica Jean Reif Ehrlich - BofA Merrill Lynch, Research Division - MD in Equity Research

So Christine, this has been quite a year for Disney so far. You closed on your acquisition of 20th Century Fox, I guess, 1.5 years ago. And since then, you've assumed full operational control, not financial but full operational control of Hulu. You've launched Disney+; undergone a reorganization of the company management, that was senior management; become a major competitor in online streaming. You have over 100 million direct-to-consumer paid subs, of course, in your trio of services.

But at the same time, you faced a number of significant COVID-related headwinds, needless to say, including the complete shutdown of the theme parks,
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