UBS Confab: Disney CFO Likes Online Pay TV, As Long As It Keeps Program Bundles

By | Tuesday December 10, 2013 @ 7:14am PST

Jay Rasulo isn’t as sure as Viacom CEO Philipe Dauman is that we’ll see an online pay TV service in 2014. But one “is coming” he said today at the UBS Global Media and Communications Conference — disneyand Disney would be “happy to license our content.” Here’s the catch though: It would have to license content from others, too, and “look like existing [cable and satellite] offers” that require viewers to pay for channels they don’t watch. “We believe that the [pay TV] system is still the most valuable way the product can be offered to the consumer,” Rasulo says. The system also works well for Disney. The growth of pay TV retransmission consent payments  ”have been a huge boon” to the industry, They also have added about $500M to Disney’s revenues over the last few years and “have mostly fallen to the bottom line.” On another broadcast matter, Rasulo is less certain than CBS chief Les Moonves is that the industry will sell most ads next year on the basis of viewing over seven days as opposed to the current three. “The hesitation has to do more with the advertiser side than the content producer side.” Like other execs, though, Rasulo is excited about opportunities to offer TV content on smartphones and tablets. He calls mobile “the single largest” technology opportunity. Read More »

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Disney Says It Will Repurchase As Much As $8B Of Its Stock

By | Thursday September 12, 2013 @ 10:37am PDT

Disney shares just shot up close to 3% after CFO Jay Rasulo announced the plan at the Bank of America Merrill Lynch Media, Communications and Entertainment Conference. “We intend to significantly increase our buyback next year probably in the $6B-to-$8B … Read More »

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Bloomberg: Disney Putting The Brakes On Executive Car Allowances, Other Perks

By | Thursday July 18, 2013 @ 4:07am PDT

On the sidelines of the Allen & Co. conference in Sun Valley last week, Walt Disney Company CFO Jay Rasulo said executive car allowances are going the way of the Edsel. “We’re phasing … Read More »

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Disney CFO Says ‘Iron Man 3′ Sales Could Hit $1.2B But Won’t Match ‘The Avengers’

By | Thursday May 30, 2013 @ 10:15am PDT

Most execs like to raise expectations when they address investors. But Disney CFO Jay Rasulo did just the opposite when he opened his appearance today at the Read More »

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‘Dancing With The Stars’ Contributed To ABC’s Ratings Woes, Exec Says: UBS

By | Wednesday December 5, 2012 @ 11:09am PST

The season finale “didn’t work out” and symbolized the kinds of ratings troubles that ABC and other major broadcasters have seen recently, Disney CFO Jay Rasulo says. “Most of the networks are down and frankly a lot has to do with single shows” as opposed to troubles at ongoing series, he told the UBS Global Media and Communications Conference. When Dancing With The Stars decided to bring back celebrities from previous seasons “we thought it was a great idea,” Rasulo says. “Turns out people didn’t want to see people who could dance. They wanted people who couldn’t dance. So it’s not easy to be a taste-master in programming a network.” Unlike CBS’ Les Moonves, Rasulo doesn’t blame DVRs for the networks’ troubles. Although DVR penetration is up about 7 percentage points this year, “the number of individuals who are fast-forwarding through ads has declined, so it’s had a net benefit.”

Related: Disney CFO Says Netflix Deal Complements Studio’s Production Strategy: UBS Confab Read More »

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Disney CFO Says Netflix Deal Complements Studio’s Production Strategy: UBS Confab

By | Wednesday December 5, 2012 @ 10:10am PST

Those hoping that Disney‘s Jay Rasulo would provide more detail today about the surprising movie licensing deal with Netflix that was announced yesterday will be disappointed. He told the UBS Global Media and Communications Conference that he … Read More »

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