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Bob Iger Equally Open To Original Or Rebooted IP, Disney's “Priority Is To Put Out Great Movies”
Deadline· 2025-08-06 16:05
Group 1 - The CEO of Disney, Bob Iger, emphasized the long-term value of new intellectual property (IP) while acknowledging the continued popularity of existing franchises, suggesting opportunities for sequels and modern adaptations [1][3] - Disney is actively developing original properties under the 20th Century Studios and Searchlight Pictures banners, with Marvel also exploring its character library for new content [2] - The company has seen a successful turnaround since Iger's return in 2022, with renewed theatrical momentum contributing to the long-term value of popular brands and franchises [3] Group 2 - The live-action reboot of Lilo & Stitch has surpassed $1 billion at the global box office, making it the first Hollywood film to achieve this milestone in 2023, alongside other successful titles like Moana 2 and Deadpool & Wolverine [3] - Lilo & Stitch is projected to become Disney's second-largest licensed merchandise franchise this year, with over 70% revenue growth compared to the previous year [4] - Upcoming releases from Disney include Marvel's The Fantastic Four, Zootopia 2, Avatar: Fire and Ash, and several other major titles scheduled for 2026 [5]
JAKKS Pacific(JAKK) - 2025 Q2 - Earnings Call Transcript
2025-07-24 22:00
Financial Data and Key Metrics Changes - Sales in Q2 2025 were down 20% compared to the prior year, with first half sales down 3% overall [6][11] - U.S. sales decreased by 10% year-over-year, while all other markets experienced a 33% increase [6][12] - Adjusted EBITDA for the quarter was $2.3 million, down from $12.3 million in the same quarter last year, but up from a loss of $4.9 million in the first half of last year [21] - Adjusted diluted EPS was $0.03 per share in the quarter, unfavorable compared to $0.65 per share last year [21] Business Line Data and Key Metrics Changes - Worldwide toy and consumer business was down 23% in the quarter, while the costume business was down 12% [11][12] - International growth was led by Europe, which grew by 65% in the first half of the year [12][25] - The company is focusing on maintaining a lean inventory, with a decrease of 8% year-over-year in the U.S. while international inventory is higher [45][62] Market Data and Key Metrics Changes - The company has seen limited increases in consumer prices in the U.S., but there are concerns about reduced unit sales due to these price hikes [10][11] - Major U.S. customers are delaying traditional second half planogram resets, impacting the productivity of new product introductions [26] Company Strategy and Development Direction - The company is taking a proactive approach to its manufacturing strategy, diversifying supply chains to mitigate risks associated with tariffs [7][8] - There is a focus on cash generation and prudent inventory management, especially in the U.S. market [45][72] - The company is exploring acquisition opportunities and remains cautiously optimistic about future growth despite current economic uncertainties [24][72] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the unpredictability of the U.S. market due to ongoing tariff changes and is adapting strategies accordingly [5][6] - There is a cautious outlook for the second half of the year, with a focus on profitability and cash generation rather than aggressive sales targets [50][51] - The company is optimistic about the upcoming holiday season, particularly with new product launches and strong consumer interest in established franchises [27][31] Other Important Information - The Board has approved a $0.25 per share dividend for the third quarter [21] - The company completed refinancing its credit facility, providing a predictable source of funds at attractive borrowing rates [20] Q&A Session Summary Question: Short-term levers to mitigate tariff impacts - The company is implementing a duplicate tool initiative to allow flexibility in manufacturing locations to reduce tariff impacts [38] Question: Adjustments to the supply chain - The company is focusing on manufacturing certain products outside of China, particularly in Vietnam, while maintaining quality and efficiency [40][41] Question: Comments on full year 2025 outlook - The company is taking a cautious approach, focusing on sell-through rates and profitability rather than aggressive inventory builds [49][50] Question: Potential for empty shelves during the holiday period - Management believes retailers will focus on proven products and lower price points, with a wait-and-see approach during the Halloween period [54]