Disney (DIS) Q1 2021 earnings

Disney saw strong growth in paid streaming subscribers in its fiscal year 2021 first quarter earnings report after Bell Thursday and a first quarterly profit since early last year.

The stock rose by around 1.7% after hours.

Here are the key numbers:

  • Earnings per share: According to Refinitiv, 32 cents was adjusted against an expected loss of 41 cents
  • Revenue: $ 16.25 billion versus $ 15.9 billion expected according to Refinitiv

That’s how the rest of the report went for Disney.

Streaming

Disney announced that it had nearly 95 million paid subscribers to its Disney + streaming service as of the quarter ended Jan. 2. This will happen in the first quarter after Disney’s free trial ends for some subscribers who are also Verizon customers.

Christine McCarthy, Disney CFO, told analysts on the company’s earnings call that executives are “very pleased with the conversion numbers we saw going from promotions to paid subscribers.”

However, the average monthly revenue per paid Disney + subscriber declined 28% from $ 5.56 to $ 4.03 compared to the prior year quarter. That’s because that number now includes subscribers to Disney + Hotstar, which launched in India and Indonesia last year. The service has lower average monthly revenue per paid subscriber than traditional Disney + in other markets, lowering the overall average for the quarter.

On Disney’s earnings call, McCarthy said that without Hotstar, the average revenue per paid Disney + subscriber for the quarter would have been $ 5.37.

Average monthly revenue per paid subscriber increased slightly for Disney’s other direct-to-consumer platforms, ESPN + and Hulu, with the latter growing 26% for those using the live TV service.

The company said it had more than 146 million paid subscribers to its streaming services as of the end of the first quarter.

Revenue for Disney’s direct customer business increased 73% to $ 3.5 billion from the year-ago quarter. This growth helped offset losses in other segments affected by the pandemic.

Parks

Revenue in Disney’s Parks, Experiences and Products segment declined 53% to $ 3.58 billion as many of its theme parks either closed or operated at reduced capacity and the cruise lines and guided tours ceased.

CEO Bob Chapek told analysts on the company’s earnings call that the outlook for revenue and parks reopening “is really determined by public vaccination rates.” Disneyland is hosting a vaccination center for Californians, and Chapek said the center has dispensed more than 100,000 doses to date.

Chapek anticipates that any reopening or increase in visitor capacity by the end of the year will include masking and social distancing measures. But he said Dr. Anthony Fauci’s prediction Thursday earlier that the vaccine would be available to anyone who wants one in April would be a game changer.

The company said the Covid-19 outbreak cost that division an operating loss of approximately $ 2.6 billion in the first quarter of fiscal.

Content and licensing revenue declined 56% to $ 1.7 billion for the quarter as Disney had no new theatrical releases and limited home entertainment releases in October, November and December.

Last year in particular, the studio released “Frozen II” in theaters and brought “Toy Story 4”, “The Lion King” and “Aladdin” to the home video market.

Disney expects fiscal 2021 investments to be the same as 2020, with the company investing more in the media and entertainment segment and less in the parking segment.

Disclosure: NBCUniversal is the parent company of Universal Studios and CNBC.

Correction: In an earlier version of this story, remarks by Christine McCarthy, the company’s chief financial officer, regarding Disney’s plans to disclose future Disney + subscription numbers were misrepresented. In fact, the company plans to provide updates to subscriber numbers at the end of each quarter. Additional updates to attendee numbers may not be provided at the time of winning calls.

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WATCH: What will happen to your favorite shows?

Chicago talks about Fly Tatted’s demise

Bella Black Ink Crew Chicago

Bella from the reality TV show “Black Ink Crew: Chicago” broke their silence and spoke up after Castmate Elijah, also known as Fly Tatted, died. It was revealed that he passed away on Instagram earlier this week from castmates Ryan Henry and Charmaine Bey when they shared heartfelt news of his departure. While the cause of his death is being investigated, Bella was charged with shooting Fly. Tuesday she shared a message on her Instagram.

Last night, she went live on Instagram and spoke emotionally about the alleged details of his death and denied any allegations that she was involved. Bella said, “I don’t care what you say about me. I don’t even care that you call me those names and a killer. I just care about his family. They won’t understand. This man didn’t mean it to do. ” She asked everyone to leave Fly alone because they didn’t see what happened before he died. She went on to say live, “Yall wasn’t there when I was there. I should meet with his father. I told the police what happened. He did not try to commit suicide. It just happened. He fought demons. “

It seems that the two were together. When the news of Fly’s death first came, Ryan and others believed it was due to suicide. Ryan later posted a message on his Instagram saying something else. He wrote: “Due to previous misinformation yesterday. Family and friends confirm that the death of Elijah “Fly Tatted” was classified as murder rather than suicide. Prayers to his family. “

There is currently no clear answer as to the cause of death from Fly Tatted. However, we will keep you informed as more information becomes available. Let us continue to keep his family and friends in our prayers.

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The surge in vaccine is unlikely to be sufficient to handle the UK virus variant

An increase in vaccinations in the coming weeks alone may not be enough to contain the spread of a coronavirus variant, which was first reported in the UK in December and has now emerged in the US, said Scott Gottlieb, former commissioner for food and drug delivery.

The emergence of variants could complicate efforts to reopen the economy in the United States, which, according to Johns Hopkins University, had at least 475,000 virus deaths more than any other country.

The UK first reported the strain known as B117 to the World Health Organization in December, and now there are 971 cases in 37 US states, according to the Centers for Disease Control and Prevention.

“Right now they are shipping 11 million cans a week in states. That will likely increase,” said Gottlieb, who served as FDA chief under former President Donald Trump from 2017 to 2019, in CNBC’s “The News with Shepard Smith”. on Thursday. “So we’re increasing the vaccination rate across the country. Well, will it be fast enough to get a backstop against B117 – probably not by itself.”

Gottlieb said he doesn’t think travel restrictions could stop the spread of the B117 variant because it can often be too late. A “seasonal setback” in the form of the arrival of spring and summer could help reduce the spread of B117, said Gottlieb, a director of Pfizer, whose Covid vaccine is sold in the United States

He said that hopefully a combination of this and increasing vaccinations will include the variant in most parts of the country, although there may be hotspots in southern parts of California and Florida.

Conservative Outlet The Nationwide Evaluate means that officer Brian Sicknick died of pure causes

When Donald Trump started the uprising in the Capitol on January 6, he inspired many horrific acts. 5 people died as a result of the riots. Two police officers involved in the dispute later committed suicide.

The most shocking of the five deaths was that of Capitol Officer Brian Sicknick. Initial reports said that Sicknick was struck in the head with a fire extinguisher during hand-to-hand combat.

Sicknick’s death was an integral part of the property managers’ arguments against Donald Trump during the impeachment process. And it’s devastating.

Conservative outlet The National Review implies that Sicknick died another way and is asking the property managers to prove that the officer was killed by the rioters’ actions.

Andrew McCarthy writes: “If Officer Sicknick died of something the rioters did, it is clearly serious business. In this case, the former President Trump should be held accountable for having played a key role in organizing the violent rally on January 6, for rousing his supporters with provocative rhetoric, and for – as commander in chief of the armed forces – He did nothing to repel the siege of the Capitol. “

The author also notes that the head of the Capitol Police Union, Tucker Carlson, had announced that Sicknick actually died of a stroke.

Of course, outlets like the New York Times had reported that the officer had died of a blow to the head of a fire extinguisher. This report has not been confirmed. However, it is highly unlikely that Sicknick’s death was not caused by something that happened during the uprising.

Todd Neikirk is a New Jersey-based policy and technology writer. His work has been featured on psfk.com, foxsports.com and hillreporter.com. He enjoys sports, politics, comics, and spends time with his family on the waterfront.

Trump was sicker from Covid than the general public was informed, a report stated

President Donald Trump takes off his face mask as he poses on the Truman Balcony of the White House after returning from Walter Reed Hospital to treat Covid-19 in Washington, United States, on October 5, 2020.

Erin Scott | Reuters

Former President Donald Trump was more ill with the coronavirus in October than the public said at the time, a new report said.

Trump had “at one point extremely low blood oxygen levels and a lung problem related to coronavirus-related pneumonia,” reported the New York Times, citing four people familiar with his condition after contracting Covid-19.

His condition was so poor that “officials believed he was on a ventilator” before he was taken from the White House to the Walter Reed National Military Center.

According to the newspaper, a person close to the ex-president denied being seriously ill and reiterated the comments Trump made after his illness.

The Times noted that when Trump went to the hospital in early October – a month before the presidential election – his medical team tried to downplay the severity of his condition in comments to the public.

The White Home secures contracts for a further 200 million cans

President Joe Biden makes brief remarks before signing several immigration control bylaws for his administration in the Oval Office of the White House in Washington, DC on February 2, 2021.

Doug Mills | Getty Images

President Joe Biden announced Thursday that his administration had signed contracts for an additional 200 million doses of Covid-19 vaccine, bringing the US total to 600 million.

“We just signed the final contracts for 100 million more Moderna and 100 million more Pfizer vaccines just this afternoon,” said Biden on Thursday during a tour of the National Institutes of Health in late July.

The Washington Post reported the news first. Previously, White House Chief of Staff Ron Klain appeared to confirm the news and retweet the Post story from his official White House Twitter account.

Since both Pfizer and Moderna approved vaccines require two doses three to four weeks apart, a total of 600 million doses would be enough to vaccinate 300 million people.

Biden is trying to accelerate the pace of vaccination in the US after a slower-than-expected rollout under the administration of former President Donald Trump. Around 34.7 million out of around 331 million Americans have received at least their first dose of a Covid vaccine, according to the Centers for Disease Control and Prevention. And 11.2 million of those people have already got their second shot.

The schedule for delivering the additional doses was not immediately clear.

Each company will leverage US-based manufacturing capabilities to “fill, finish, and ship vials while the bulk goods are manufactured,” according to a separate statement from the Department of Health and Human Services.

Pfizer has already signed a contract with the US to supply 200 million cans. The company announced earlier this month that it plans to complete these shipments by May, earlier than originally forecast in July. Moderna also has a US contract for 200 million cans.

States have complained that the demand for vaccines is exceeding supply. The government previously stated that it is using the Defense Manufacturing Act to help Pfizer meet its manufacturing goals for its vaccine.

In addition to securing more doses for states, the Biden government is using the military to aid in the administration of doses and establishing mass vaccination centers in the United States.

On Wednesday, the government announced it would work with Texas officials to build three new community vaccination centers in Dallas, Arlington and Houston. A few days earlier, the government had announced that it would send troops on active duty to California to help vaccination centers for Covid-19 employees.

U.S. officials also hope vaccine supplies will increase after Johnson & Johnson’s Covid-19 vaccine is emergency approved by the Food and Drug Administration, which could happen as early as this month. The FDA scheduled a meeting of its Advisory Committee on Vaccines and Related Biological Products on February 26th to discuss the vaccine. The US could approve the vaccine the next day.

The Department of Health and Human Services announced in August that it had signed a deal with Janssen, J & J’s pharmaceutical subsidiary, worth approximately $ 1 billion for 100 million doses of its vaccine. The deal gives the federal government the opportunity to order another 200 million cans, according to the announcement.

Brooklyn 9-9 ends after Season eight on NBC

Fans like this author have been thinking about the future of the series since police brutality and police reform took center stage last summer. It plays the main role Samberg as Jake Peralta, a goofy but competent detective in the NYPD who has just had a baby with his wife Amy Santiago (Melissa Fumero), a sergeant in charge of a group of uniformed officers. Braugher, Terry Crews, Stephanie Beatriz, Joe Lo Trugio, Joel McKinnon Miller and Dirk Blocker make up the remainder of the main cast who play all NYPD officers.

Crews and Samberg have both said the show “took a step back” from its original plans for season eight, and the scripts were rewritten after the death of anew George Floyd from the police.

“We’re all in touch discussing how you’re doing a comedy show about the police right now and if we can find a way to do it we’ll all feel morally fine,” Samberg told People. “I know we’ll find out, but it’s definitely a challenge so we’ll see how to do it.”

Scroll down to see the fate of more of your favorite shows.

How CVS and different retailers are handing out extra doses of Covid vaccine

A health care worker wearing a protective mask fills a syringe with a dose of Pfizer-BioNTech Covid-19 vaccine at a large-scale vaccination site in Sacramento, Calif., On February 4, 2021.

David Paul Morris | Bloomberg | Getty Images

As the Covid-19 vaccination efforts begin at major retailers and pharmacies like CVS and Walgreens, what to do with excess vaccine becomes a bigger question.

Both versions of the vaccine must be stored at very low temperatures. Once thawed, the vaccine must be administered within hours. In addition, vaccine bottles contain multiple doses.

The companies told the Wall Street Journal that they are planning to use waiting lists and will consider vaccinating employees who are eligible when excess supplies become available. The aim is not to waste any doses that are still tight.

Starting Thursday, vaccine doses will be sent to thousands of pharmacies and grocery stores such as CVS and Walmart across the US. This move will begin with approximately 6,500 retail locations and will help accelerate adoption and ensure more Americans are protected from Covid-19.

The companies schedule appointments based on the amount of vaccine they receive at each location. However, you could get an excess vaccine if customers don’t show up for an appointment or if a vaccine bottle contains more vaccine than expected.

Currently, only two vaccines, one from Pfizer-BioNTech and one from Moderna, have received emergency use approval from the Food and Drug Administration. Both types require two doses of the shot to take effect.

Retailers must adhere to different state and local rules for licensing requirements when managing waiting lists and what to do with excess doses. In some states, retail workers qualify for the vaccine, while in other states they are not considered a high priority group unless they are over a certain age or have a specific illness.

A Walmart spokeswoman told the newspaper that the retailer has reached out to buyers or workers who qualify under a state’s guidelines to get vaccinated in the event of oversupply.

Walmart worked with state health departments on logs to avoid waste, a Walmart spokesman told CNBC. These protocols allow the administration of excess opened and available doses to individuals, including employees, who fall under authorized groups in order of priority.

A Walgreens spokesman told CNBC that they will consider their staff for the remaining doses and will communicate with state and local jurisdictions about any excess doses.

In the meantime, CVS pharmacists will keep a list of qualified patients by state and use that list to determine who will receive the remaining doses of the vaccine, CVS Health senior vice president Chris Cox told CNBC.

Read the full story in the Wall Street Journal.

Do employees have to be vaccinated? Not on Essential Avenue

Courtney Senechal, RN, prepares to administer the second Moderna vaccine for Covid-19 on January 19, 2021 at the East Boston Neighborhood Health Center in Boston.

Jonathan Wiggs | Boston Globe | Getty Images

According to the latest CNBC | SurveyMonkey Small Business Survey, little more than one in five small business owners (22%) will require their employees to receive Covid-19 vaccines as they become available. Twice as many (42%) say they will not require vaccinations.

The question of whether workers need to be vaccinated as soon as possible has become a controversial issue in the business world. With little guidance from the federal government, business leaders had to make their own decisions.

Some business owners consider vaccinations to be the key to a full reopening, some companies even incentivize vaccinated workers, while others want to avoid going overboard. The new survey, conducted January 25-31 of 2,157 small business owners across the country using SurveyMonkey’s online platform, and based on the survey methodology, shows particular reluctance among the small business community, which had struggled last year to to adapt to the pandemic.

More than four in ten small business owners (43%) said they had to shut down at some point due to the pandemic, including 20% ​​who said they have since reopened with limited capacity. 10% who say they haven’t reopened yet; and even 4% who say they shut down, reopened, and then shut down again.

Hardly more than half of small business owners (55%) state that they can continue to work for more than a year under the current terms and conditions. For these small businesses, a widespread vaccine rollout can be the key to a full reopening.

While small business owners overall have a limited enthusiasm for vaccination requirements, certain industries seem more open to the idea than others, especially those that rely on close personal interactions between customers and employees.

Restaurants, hospitality most likely to vaccinate

Small business owners in the accommodation and catering industry – e.g. B. restaurants, bars, casinos, B & Bs, caterers – most often indicate willingness to ask their employees to be vaccinated. But even among this group the enthusiasm is not widespread.

About 28% say they will prescribe the vaccine to their employees as soon as it is available to them, while another 33% say they are not sure yet. Both are well above the overall average. Only 32% now say they are sure that their employees do not need to be vaccinated – 10 points less than the overall average.

Q1 2021 CNBC | SurveyMonkey Small Business Survey

Small business owners in the hospitality and catering industries are some of the hardest hit during 2020, and this continues to this day. Only 42% say their business stayed open throughout the pandemic, which is below the overall average of 54%. Less than half (45%) say they can survive for more than a year under the current business conditions.

Some big players in the industry have already stepped up to push their workers to vaccinate, whether they ask for it or just strongly encourage them. Marriott and Chipotle have both asked their employees to get vaccinated, but neither makes it a requirement. Darden restaurants, owned by chains like the Olive Garden and Outback Steakhouse, go so far as to pay workers to vaccinate.

By encouraging their employees to get vaccinated, entrepreneurs are trying to walk a fine line. Surveys have consistently shown that in this increasingly partisan environment, every statement about vaccinations is viewed through a partisan lens.

Partisan difference in vaccines remains

In the latest survey results, small business owners who identify as Democrats are more than twice as likely as Republicans to say they ask their employees to get the Covid-19 vaccine (39% versus 14%). This gap is larger than any other gap, including by industry, number of employees, or type of business.

This gap is also consistent with similar differences between Republicans and Democrats: in their support for workers who need to be vaccinated and in their own willingness to be vaccinated.

In Gallup’s latest poll, 91% of Democrats but only 51% of Republicans say they would be willing to get the Covid-19 vaccine now if they could get the vaccine for free.

In our last CNBC | SurveyMonkey Workforce Survey, conducted among more than 9,000 workers across the country in November, said 75% of Democrats said they support mandatory vaccinations in their workplace as soon as they are widely available, compared with just 41% of Republicans.

In recent polls by the Kaiser Family Foundation, exactly twice as many Democrats as Republicans said they have already received the vaccine or plan to get it as soon as possible (64% versus 32%). Their poll also reveals a more fundamental party divide: 71% of Republicans say choosing to get vaccinated is “a personal choice,” while 70% of Democrats say choosing to get vaccinated ” Part of everyone’s responsibility is to protect the health of others. ”

Basically, this is the same question small business owners face when weighing competing needs: letting their employees choose what is best for their own health, rather than making a management decision about what is best for the entire company the best is.

On Thursday, Comcast launched NBCUniversal Plan Your Vaccine, a nationwide awareness campaign, website and interactive tool that provides the latest news and information on when and where people can get the COVID-19 vaccine.

Justin Combs reportedly launches the speak present “Respectfully Justin” with viral meme creator Justin LaBoy

Roommate, you are not smart! We saw some of you in the comments section on Justin LaBoy’s page, and we even caught your favorite celebs on his posts. Well, it looks like the poisonous Meme King is bringing his talents onto TV with another well-known Justin.

According to PageSix, Justin LaBoy and Justin Combs are teaming up on a new late-night television show called “Respectfully Justin,” where the two of them sit down with celebrities to discuss sex, relationships, music, and everyday life. The very first episode will air on Diddy’s REVOLT network on February 14th.

“Justin LaBoy is the greatest social media star in our culture,” Diddy said in a statement. “There is no better place for his debut show – we are delighted to welcome him to the REVOLT family.”

The Valentine’s Day episode starts the show off with a bang, with Chris Brown as a special guest, and a “Demon Time” segment with champagne bottles and music!

The show is reportedly set to ten episodes and airs on YouTube on Wednesdays and on REVOLT’s television channel on Fridays.

Justin LaBoy quickly rose to fame thanks to his Instagram page which features the funniest, most toxic, and most relatable memes we’ve seen online. Even though no one has ever seen his face, Justin’s name definitely rings bells in these streets!

Check out some. his posts below:

Do you guys tune in to their show, Roomies? Let us know in the comments!

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