Disney CFO Christine McCarthy On Bob Iger’s Return, Streaming & Theme Parks: “We Are Winners, And We Are Going To Win”
deadline.comWalt Disney CFO Christine McCarthy nudged investors to discard a few narratives that emerged from the latest earnings: that Disney parks growth may be unsustainable and that the company is shedding subscribers and slashing streaming content. “We like to think of ourselves as a company of winners.
We know there are challenges in this industry, but we look at the hand we have to play, and we think it’s a great hand… We are winners, and we are going to win,” she said at a media conference in New York City, where the company just had its annual upfront presentation to advertisers.
Attendess at this and other meets during the week had to skirt WGA pickets. Disney ended its fiscal second quarter with 157.8 million global subs, down 4 million from the prior quarter, but the drag was from Disney+ Hotstar. “When we broke it down, we saw a decline of 4.6 million in India and lost four million globally, which meant that Disney+ core subscribers were actually up.
By less than a million. We would have like more,” but that’s partly due to a price increase for the service, McCarthy told the MoffettNathonson event.
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