Disney $DIS will be announcing its Q2 2023 results on May 10th, Wednesday. Not a bad timing, considering its summer tentpole, Guardians of the Galaxy Vol. 3, is standing atop global box office charts, having just grossed $118.4mn over the weekend in America and $168.1mn in overseas markets.

Looking at the movie slate for the rest of 2023 - including The Little Mermaid, Elemental, Indiana Jones and the Dial of Destiny, Haunted Mansion, The Marvels, and Wish - things are looking great for the studio.

However, streaming is likely to take center stage again when Q2 2023 earnings are released.

Disney’s structural pivot into streaming was initially applauded by the markets, especially with the resounding success of Disney+ worldwide. The cost to create a competitor to Netflix ($NFLX) was known, and breakeven was guided to happen only in late FY 2024. Yet, when Q4 2022 earnings came out, the market was no longer prepared to stomach large DTC losses.

Gone are the days of unlimited content spend - soaring costs and scaling challenges have rattled the entire industry. The current narrative centers around consolidation, rationalization, and outright exits by smaller players. Bob Iger was brought back as CEO to adapt to these new times. $5.5bn in cost saving measures (inclusive of reduced content investments) have since been announced, with 7,000 jobs on the chopping block.

Read on via the link below for a further take on where attention may be focused when Disney Q2 2023 results are released on May 10th, Wednesday. Do also subscribe to my weekly blog, Consume Your Own Tech Investing.