About Alexia Quadrani
In July 2021, Alexia Quadrani, then a JPMorgan media analyst, appeared on CNBC's "Closing Bell" to discuss Disney following the debut of "Black Widow." She described the film's $80 million domestic box office and $60 million in Disney+ revenue as "positive news," stating it demonstrated "the success and the demand for the content" and "the broad appeal of the Disney Plus subscriber base." Quadrani noted that Disney had raised prices on Disney+ in March and bundled it with ESPN+, adding that "the demand must be very strong to continue these price increases."
Quadrani also addressed Disney's release strategy, saying the next big film would be released day-and-date, while the following would have a 45-day theatrical window. She said she would "like to think that it's the pandemic or a recovery strategy" leading to an exclusive theatrical window, but acknowledged uncertainty, noting that "we don't know how much of the box office was cannibalized" or lost to piracy. She described Disney's stock as "an attractive entry point," citing "an incredible digital strategy" and a "recovery of their legacy businesses" over the next 12 to 18 months.
Source: AI-verified profile updated from Alexia Quadrani's recent appearances.
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Transcript (7 segments)
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Reporter0:11
Pandemic now raking in $80 million in the domestic box office and $60 million from Disney Plus. JPMorgan reaffirming, saying the stock could jump by more than 20% as movies and theme parks begin to bounce back. Joining us now, the analyst behind the call. Just on this news Julia just told us about raising subscription fees. Is that a surprise? What does it say about the demand in the product?
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Alexia Quadrani0:40
I think it's positive news and is very consistent with what we've seen by Disney. They raised the price on Disney Plus in March and put it in a bundle, and now ESPN Plus. They keep adding more content, and the demand must be very strong.
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Reporter1:10
You're right. They haven't included them before. We've always been asking about the numbers and haven't gotten them. This is not only new news but great news. $60 million in revenue from 'Black Widow.' That's just Friday, Saturday and Sunday — or Sunday morning. Probably a bigger number now. I think that's a very positive news and shows the success, the demand for the content, right, for the movie, but also the success and the broad appeal of the Disney Plus subscriber base. At the same time, the biggest opening weekend since the pandemic.
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Alexia Quadrani1:48
What does that tell you about how Disney will be thinking about exclusive theatrical release windows going into the future?
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Reporter2:11
Day and date, and the following will be exclusive to the movie theaters for a 45-day window. I'd like to think that it's the pandemic or a recovery strategy, and we will have an exclusive window in theaters. That's what the others are doing going forward in the later stage of recovery, but we don't know. The numbers are good, no question, and the box office was good. What we don't know is how much of the box office was cannibalized, so it could have been better. We don't know how much was left because of piracy.
I wonder if the implication, down 7.5%. What about Disney's stock? Is it an attractive entry point? It has lagged the market so far this year.
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Alexia Quadrani3:22
I think it's an attractive entry point. You have an incredible digital strategy, and then you've got the recovery of their legacy businesses, which would be pronounced the next 12 to 18 months. The E Streudco.
