The Walt Disney Company

Chamath support ×2 ▼ on 📈 Generative video (Veo 3) collapses Hollywood inside a year E232 · 2025-06-21 ▶ 30:46

Like V03, which we haven't really spoke about, is going to destroy Hollywood. Like in the next year, like Hollywood is done, I think.

Friedberg support ×3 ▼ on 📈 Crony managerialism: debt-funded buybacks and EPS-linked comp produce marginal companies E183 · 2024-06-14 ▶ 29:14

The way executive comp typically works at the board level at public companies is you hire these comp consultants and the comp consultants come in and they use comparables, which basically means let's do what everyone else does.

Jason support ×1 ▼ on 📈 Crony managerialism: debt-funded buybacks and EPS-linked comp produce marginal companies E176 · 2024-04-26 ▶ 17:16

Sundar being a hired gun, not having founder authority to your point, Friedberg

Friedberg support ×2 ▼ on 📈 Crony managerialism: debt-funded buybacks and EPS-linked comp produce marginal companies E176 · 2024-04-26 ▶ 12:07

it's a really important sign that founder led companies with these voting rights, you know, have the ability to make these sorts of hard decisions that it might be very difficult for a management by committee group to make.

Jason support ×2 ▼ on 📈 Crony managerialism: debt-funded buybacks and EPS-linked comp produce marginal companies E164 · 2024-02-02 ▶ 1:02:27

I bet you if she got paid $1 in her health care and she had to get to $80 a share, I bet you that would be an $80 stock price.

Sacks support ×3 ▼ on 📈 Crony managerialism: debt-funded buybacks and EPS-linked comp produce marginal companies E164 · 2024-02-02 ▶ 1:06:14

Then you got crony capitalism. You got these companies that have been around for a hundred years. The value was created by people long dead. ... they pay themselves as much comp as they can possibly justify. Whether or not they create any value for the shareholder. That's what we saw at GM.

Chamath support ×3 ▼ on 📈 Crony managerialism: debt-funded buybacks and EPS-linked comp produce marginal companies E164 · 2024-02-02 ▶ 59:27

So right now what we are doing is we are not motivating CEOs to run great companies. We're motivating CEOs to understand financial arbitrage. The result will be crappier companies that diminish American exceptionalism. That is the only outcome.

Friedberg support ×2 ▼ on 📈 Disney keeps politicizing its franchises and keeps flopping E161 · 2024-01-13 ▶ 1:13:48

it's not just a Bob Iger Disney thing, but this has become a standard in Hollywood that the DEI movement has so deeply affected the intentionality

Sacks support ×3 ▼ on 📈 Disney keeps politicizing its franchises and keeps flopping E161 · 2024-01-13 ▶ 1:05:25

my pick for Business Loser of 2023 was Disney. And it seems like they haven't learned anything from the horrible year they've just had.

Jason support ×2 ▲ on 📈 Premium-IP media rerates - Iger's Disney and Warner's library E157 · 2023-12-16 ▶ 32:08

Disney is going to launch their own Dolly-type stable diffusion product where you can do this. Put yourself on a Star Wars character.... It doesn't matter if they're good or not, it's their IP.

Sacks oppose ×2 ▲ on 📈 Premium-IP media rerates - Iger's Disney and Warner's library E142 · 2023-08-18 ▶ 12:42

you have to question the wisdom of the executives at Disney who, you know, could have left this material alone. They didn't have to go here, but they did decide to go here. They did decide to do a remake and they changed all these things. Why even bother, you know, all you're going to do is ruin the public's perception of the original.

Jason support ×2 ▲ on 📈 Premium-IP media rerates - Iger's Disney and Warner's library E139 · 2023-07-27 ▶ 52:57

Right now, I'm going to ride it out. I think their IP collection is amazing.

Jason support ×2 ▼ on 📈 Hollywood's strikes are a fight over a shrinking pie E139 · 2023-07-27 ▶ 49:07

I think this is one of the fundamental things that the unions and Hollywood have not yet grok-ed completely, which is they're not fighting each other. They're fighting TikTok, YouTube, podcasts, and people making their own content.

Sacks support ×3 ▼ on 📈 Hollywood's strikes are a fight over a shrinking pie E139 · 2023-07-27 ▶ 58:18

Well, both the beer industry and Hollywood are both the shrinking industries. And so when you got unions demanding more and more and more of a shrinking pie, something is going to break.

Friedberg support ×3 ▼ on 📈 Hollywood's strikes are a fight over a shrinking pie E139 · 2023-07-27 ▶ 45:02

You guys saw the latest Disney earnings release and Eiger said, we are going to consider selling Nat Geo and a bunch of other channels. There may actually be a spinoff because content creation for that mid tier or that tail no longer makes sense.

Chamath support ×2 ▼ on 📈 Hollywood's strikes are a fight over a shrinking pie E139 · 2023-07-27 ▶ 41:53

And then my second thought is like, I just think unions in general are probably not a very effective way to get these concessions anymore versus the tax that the union members pay.

Jason support ×2 ▲ on 📈 Premium-IP media rerates - Iger's Disney and Warner's library E137 · 2023-07-14 ▶ 30:09

I bought the stock, and it's the one thing in my JTrading portfolio I've gotten crushing on. That and Warner Brothers Discovery. I made two entertainment bets on what I think are the two best companies.

Chamath oppose ×3 ▲ on 📈 Premium-IP media rerates - Iger's Disney and Warner's library E137 · 2023-07-14 ▶ 27:02

the fact that Disney has been decaying for the past year is more emblematic of the fact that they've gotten into this social culture war and half the population of America said, we're not going to support your business like they did to Bud Light

Jason support ×1 ▲ on 📈 Premium-IP media rerates - Iger's Disney and Warner's library E125 · 2023-04-21 ▶ 1:34:05

Really? I trust Disney implicitly.

Sacks oppose ×2 ▲ on 📈 Premium-IP media rerates - Iger's Disney and Warner's library E125 · 2023-04-21 ▶ 1:34:13

So look, whether you believe that is a problem or not, what I'm saying is this has been a brand disaster for Disney getting involved with DeSantis this way.

Friedberg support ×2 ▲ on 📈 Premium-IP media rerates - Iger's Disney and Warner's library E109 · 2022-12-24 ▶ 38:16

But man, Warner Media has a lot to contend with. And, you know, they could end up being a real challenger to Disney in the years ahead.

Jason support ×3 ▲ on 📈 Premium-IP media rerates - Iger's Disney and Warner's library E109 · 2022-12-24 ▶ 1:55:50

I'm telling you, Disney, Warner, which you talked about before, and Facebook are three of my big ones.

Friedberg support ×2 ▲ on 📈 Top-tier IP collections still win — you can't displace Disney E77 · 2022-04-23 ▶ 1:00:15

and the advantage Disney has is the rewatchability of their content. ... And the Star Wars content, as you guys know, you could rewatch Star Wars and Marvel.

Sacks support ×2 ▲ on 📈 Top-tier IP collections still win — you can't displace Disney E77 · 2022-04-23 ▶ 1:00:06

I would say Disney has Marvel, and that's why. They have Marvel and Star Wars, and that's kept them extremely relevant.

Sacks support ×1 ▲ on 📈 Top-tier IP collections still win — you can't displace Disney E64 · 2022-01-22 ▶ 1:10:36

When you own the franchise, it has value. Disney has shown that. You own the best franchise.