Thanks for joining us! At 6:15 p.m. PT, we'll be doing a live stream recapping the event and sharing our thoughts. So stay tuned

And that's a wrap

Lowell Singer ends by thanking everyone at Disney that worked to create today's investor day.

They will decide if they will keep using that option after the pandemic at a later date.

Premier Access will be used when the film is released on Disney+ day-and-date with theatrical. 

Last question...

Disney+ has attracted more subscribers without kids than they originally expected.

Regarding merging the services... they don't have any plans, but they are going to remain flexible.

Fun Fact: Major investors that control massive amounts of money, are as bad at video conferencing as everyone else.

While they are still syndicating content to other services, but most will be on a Disney service moving forward.

Bob Chapek says some sports will shift to ESPN+, but nothing significant that would impact the linear channels.

The next investor is having tech issues.....

There will be advertising during sports during the natural breaks.

Disney+ won't have ads since they have a large quantity of films and it would be bad user experience.

McCarthy says that the content announced today is the minimum amount that we will be seeing.

McCarthy says they are still in launch mode so some expenses include marketing and other launch costs.

Next question is about the content spend.

Disney will not be doing a "one size fits all" approach across the globe.

Bob says "they build franchises through the theatrical window."

Bob says they have to be flexible due to COVID and changing consumer behaviors.

He wants to know why Disney isn't going day-and-date like Warners is.

The first question is about flexibility in distribution

Now on to the Q&A

As they transition, they show the SparkShort Burrow.

He doesn't say much, before turning it back to Lowell for a Q&A session.

And now... back to Bob Chapek

Disney expects 300 to 350 million subscribers across their three services by the end of Fiscal 2024.

They still believe ESPN+ will be profitable by the end of the 2023 fiscal year.

They now expect ESPN+ to have 20 to 30 million subscribers by the end of 2024.

Disney expects Hulu to be profitable by Fiscal 2023.

Disney expects 50 to 60 million Hulu subscribers by the end of Fiscal 2024.

McCarthy says they will remain flexible.

Disney+ will keep it a good value. 

Disney+ still expects the service to be profitble by the 2024 fiscal year.

Disney expected the peak losses on Disney+ in the 2021 fiscal year.

Disney is increasing their content expense to be between 8 and 9 billion in 2024, which is up from original estimates of 4 billion.

Disney+ price in the United States will go up $1 per month in March. It will also go up in Europe by 2 Euros due to the addition of Star.

By the end of fiscal 2024, Disney expects 230 to 260 million Disney+ subscribers.

Disney will be organized financially into two groups: Disney Media Entertainment Distribution and Disney Parks, Experiences, and Products.

And now Christine McCarthy, Disney's CFO

It shows content from across Disney, Marvel, Star Wars, Pixar, and National Geographic

Now another sizzle reel focused on Disney+

They have a target of 100 new titles per year.

The pipeline of product is more robust than they originally anticipated.

They didn't have time to show everything coming to Disney+, paricularly other Disney branded content.

Now things are turned back to Bob Iger.

Fantastic Four will be directed by Jon Watts.

Black Panther II will be released July 8, 2022.

They will not be recasting T'Challa

Kevin closes by remembering Chadwick Boseman

Peyton Reed is working on Ant-Man and the Wasp called Quantumania and will feature Kang the Conquerer and Cassie Lang

Christian Bale plays the villain in Thor: Love and Thunder

I Am Groot is a new short series.

The Guardians of the Galaxy Holiday Special will come Holiday 2022.

Armor Wars is about what happens when Tony Stark's tech goes in the wrong hands. Stars Don Cheadle as War Machine

Ironheart will be about Riri Williams

Secret Invasion is coming to Disney+ featuring Nick Fury and Talos

Kevin Feige teases that other heroes will appear in She Hulk

Mark Ruffalo will also appear in the series.

Tim Roth is returning in She Hulk as the Abomination

Hawkeye will debut on Disney+ late next year.

Eternals is still set for a theatrical release.

Captain Marvel 2 is currently in the works and will also feature Ms. Marvel

Ms. Marvel is launching later in 2021.

They just wrapped production on Shang-Chi and the Legend of the Ten Rings

Next he shares a look at the animated series, "What If...?"

"Brother, Heimdall, you better be ready." - Loki

"Time passes differently in the TVA"

He wakes up in a desert.

The first look starts with the scene from Endgame where he uses the tesserect to escape.

Loki is in the center of his own crime thriller.

Loki will come to Disney+ in May.

Black Widow will come to theaters.

Falcon and the Winter Solider will come to Disney+ on March 19.

Sam: "The legacy of that shield is complicated."

On to The Falcon and the Winter Soldier.

They confirm that Wanda Vision will connect to Doctor Strange which will connect to the next Spider-Man film.

America Chavez will appear in the Doctor Strange sequel.

Elizabeth Olsen is currently in London filming Doctor Strange and the Multiverse of Madness.

And now... Kevin Feige.

"Please don't tell Kevin Feige, we are hiring away Chris Evans from Marvel Studios."

Chris Evans will voice Buzz Lightyear.

Lightyear is not about the toy, but is the origin story of the original Buzz Lightyear.

Next is a science fiction adventure film called "Lightyear"

Whenever Red gets too excited, she transforms into a giant red panda.

After Luca, is Turning Red.

They are now showin g the new trailer for Luca.

Luca will be going to theaters in June 2021.

Luca is the from the director of La Luna and a love letter to Italy.

Pixar is developing a new long-form animated series called "Win or Lose" which takes place with a softball team.

They are reiginiting the Cars franchise with Lightning McQueen going on a roadtrip with Mater.

At first he loves being with the puppies.... and then.... 

In the clip shown, Dug meets a new pack of puppies.

Dug Days is a new series following Dug who now lives with Carl.

Pixar Popcorn is a new collection of "mini-shorts" and comes to Disney+ this January.

Burrow, the next SparkShort will debut along with Soul on December 25

Here is Alex's review...

We are seeing the first few minutes of Soul.

He talks about the film he directed, Soul

Now Pete Docter from Pixar.

Lin-Manuel plays a little bit of one of the original songs.

It comes from the Zootopia team with songs and story work from Lin-Manuel Miranda.

Iwájú. Coming in 2022

The officially announce Encanto. 

Disney is collaborating with Kugali to bring the series Iwaju to Disney+

A long form musical comedy series from Moana will also be coming to Disney+

Tiana is coming back in a new long-form musical comedy series. "Disney Tiana" Coming 2023.

Raya and the Last Dragon

Zootopia+ comes to Disney+ in Spring 2022.

Zootopia+ is a short-form series that takes a look at some of the characters we briefly met in the film.

Baymax will have a new feature that will allow him to travel to find new patients. 

Each episode we meet a new patient for Baymax.

Disney Animation Studios first animated series is Baymax The Series.

As was previously announced Raya will debut in theaters and on Disney+ Premier Access.

Raya and the Last Dragon is the first Disney animated film to be produced at home.

And now Jennifer Lee from Walt Disney Animation Studios.

We're back

Break time.... they start the break by wishing a Happy Hanukkah and showing "Puppy for Hannukah."

It is set in the late '70s London punk rock scene.

Cruella dives into the early days of the villain.

Sister Act 3 starring Whoopi Goldberg is in production with Tyler Perry set to produce.

Amy Adams will be returning for Disenchanted, the sequel to Enchanted.

Peter Pan & Wendy will be coming to Disney+

They announce it after the Chip 'n' Dale makes a "Polar Express Dead Eyes" joke

Pinocchio from Robert Zemeckis is coming to Disney+ starring Tom Hanks. 

Rescue Rangers is slated for Spring 2022.

Dale is CGI while Chip has a traditional look.

The cast of the live action The Little Mermaid with new songs by Alan Menken and Lin-Manuel Miranda

Chip 'n' Dale Rescue Rangers, a live action-animated hybrid is coming to Disney+

They also briefly talk about The Little Mermaid with new music from Alan Menken and Lin-Manuel Miranda.

The Lion King prequel was mentioned.

Night at the Museum will come back as an animated film.

Ice Age: Adventures of Buck Wild will be coming exlusively to Disney+

They are also reinterpreting Diary of a Wimpy Kid.

A multi-racial adaptation of Cheaper by the Dozen is in development for 2022.

Flora & Ulyseses will debut on Disney+ in February.

Another film will be based on Keanon Lowe.

A biographical film on Chris Paul is coming to Disney+

Greek Freak is headed into production next year. 

They are deep in development on a remake of Three Men and a Baby starring Zac Efron

Hocus Pocus 2 is coming to Disney+ 

Now Sean Bailey from The Walt Disney Studios comes on.

"And this is just the begining."

The Mysterious Benedict Society is based on the young adult book series.

Percy Jackson and the Olympians was mentioned.

Swiss Family Robinson from Jon M. Chu and Ron Moore is coming

Luke Evans says "it is the prequel everyone has been waiting for."

Beauty and the Beast: The Prequel Series will feautre LeFou and Gaston with new music from Alan Menken.

Turner & Hooch

It also features the Patron Saint of Disney+, Yvette Nicole Brown.

It stars Disney fan John Stamos.

Big Shot is a new series from David E. Kelley and set in the world of girl's basketball.

Hopefully this series has a different ending...

Turner & Hooch features Josh Peck.... and a mastiff, in a reinvention of the classic Tom Hanks film.

Emilo Estevez: "We are going to make a lot of people very happy."

The Mighty Ducks: Game Changers will pick the story back up.

Homer says he was promised beer and if he doesn't get it he is "taking this guy with me."  Then picks up Grogu.

Homer: "Live-Action Aladdin is a total ripoff of a cartoon I saw called Disney's Aladdin."

"I traveled to Springfield... I still don't know what state I am in."

Now The Simpsons... Dana Walden returns in animated series.

Will Smith hosts "Welcome to Earth" where he visits some of the planet's most interesting places.

They got a permit to fly over National Parks that were closed due to the pandemic.

America The Beautiful will showcase the natural wonder of America.

"A Real Bug's Life" will use miniature cameras to show us.... bugs...

Secrets of the Whales will be coming to Disney+ from James Cameron and narrated by Sigourney Weaver.

The fourth season of Genius will profile Martin Luther King Jr.

Starting with the fourth season "Genius" will be exclusive to Disney+

National Geographic will release a documentary "Cousteau"

Now Courteney Monroe is here to talk about National Georgaphic.

No mention of the Rian Johnson Star Wars films.

Rogue Squadron will be released in theaters in Christmas 2023.

The next Star Wars theatrical film will be directed by Patty Jenkins and called Rogue Squadron.

Star Wars theatrical slate is moving forward with the announced film from Taika Waititi

Lucasfilm will be adapting "Children of Blood and Bone." 

Indiana Jones will be released in July of 2022.

The final installment of Indiana Jones is in pre-production.

Ron Howard talks about how he learned so much from George Lucas.

Willow will debut on Disney+ on 2022.  We are hearing from the team about the show.

Outside of Star Wars, Willow will be coming to Disney+.

A Droid Story will introduce a new hero guided by R2-D2 and C-3P0

The Acolyte will be a mystery-thriller that takes place during the final days of The High Republic era.

The Lando sizzle definietly has a swagger tone to it.

Lando is returning in a new event series.

Star Wars Visions will be a series of animated films from anime creators.

Grand Moff Tarkin showed up in The Bad Batch clip.

The Bad Batch shows the conversion of the Republic into The Empire as seen in Episode III.

Building on the legacy of The Clone Wars, The Bad Batch follows Squad 99.

"They couldn't tell the story of Obi-Wan without bringing back Darth Vader.

The series starts on Tatooine and they go on an adventure.

Production will begin in March of next year.

Hayden Christensen will be returning in the role of Darth Vader.

The Obi-Wan series takes place 12 years after Revenge of the Sith.

We are seeing concept art of the new series as the clip concludes.

Andor will be 12 episodes.

The clip shows Diego Luna feeling bittersweet at the premiere since he knew it was only one film.

Production on Andor began two weeks ago in London.

Diego Luna will be returning with a new cast. 

In 2020, Andor will be a spythriller featuring Casian Andor.

3 more volumes are being built to increase capacity.

A larger "volume" was built for Mandalorian Season 2.

Due to the effeciencies of Stagecraft, they are able to see the enviroment they are acting in, while allowing them to continue working during the pandemic.

They are talking about Stagecraft, the new production tool that is used by The Mandalorian.

Rangers of the New Republic and Ahsoka will be interconnected and culminate in a storytelling event.

Jon Favreau and Dave Feloni are developing two spinoff series. 

(nothing we haven't seen yet.)

We are now watching some scenes from the second season of The Mandalorian.

Kennedy is talking about the success of The Mandalorian.

Kathleen Kennedy

Lucasfilm time.

A reimagining of Shogun is coming to FX.

FX is in advanced talks for a Rolling Stones series.

It will be the first Alien story set on Earth.

FX is getting an Alien series.

"FX belongs at Disney."

FX will  be making 30 original programs each year between FX and FX on Hulu.

It's Always Sunny in Philadelphia has been renewed for four more seasons.

78% of FX shows are 7.5 stars or better on IMDb.

"We focused on giving our audience the best television anywhere."

He is talking about the history of FX, and how they took the channel and invested to make it a great channel and brand.

John Landgraf comes to talk about FX.

This is just a sample of what is in store for Hulu and Star, according to Dana Walden.

The Kardashians are coming to Hulu.

Dana reiterates... "It is not about volume."

It was announced that The Handmaid's Tale has been picked-up for a fifth season.

Hulu has returning shows like Ramy, The Great, and The Handmaid's Tale.

"Nine Perfect Strangers" series from David E. Kelley is coming to Hulu.

Hulu will also except shows from outside creators.

"Dopesick" series will also be available on Hulu and Stars.

Dopesick with Michael Keaton about the Opioid crisis is next.

"The Dropout" limited series about Elizabeth Holmes and Theranos is coming to Hulu and Star.

"Only Murders in the Buliding" will come to Hulu and Star.

Steve Martin shares he and Martin Short have lost 5 Emmys.

They will be joined by Selena Gomez.

"Only Murders in the Building" features Disney Legend Steve Martin and Martin Short.

Robert A. Iger, Executive Chairman and Chairman of the Board, at The Walt Disney Company’s Investor Day 2020.

Dana Walden is on to talk about "Disney General Entertainment Content" formerly Disney Television.

Included in the General Entertainment sizzle was Deadpool.

They are showing shows from ABC, FX, and Hulu, and 20th Television.

...Since we've no place to go, let it show, let it show, let it show...

Now they are playing a "General Entertainment Content" sizzle reel.

Bob says it will take a while to go through their content. "But it's not like you have anyplace to go."

"Quality, not volume."

Bob Iger now supervises the creation of content. He says the best way to grow subscribers is to have great content.

Now Bob Iger leads the second part of the Investor Day.

And we're back

True or False? Walt Disney holds the record for the most Academy Awards by an individual.

Walt Disney's very first studio in Hollywood was located where?

Trivia Time... What was Walt Disney's middle name? — hint: it still is his middle name

We are currently in a ten-minute break

The new daily program on ESPN+ will be a reimagined SportsNation.

Also, the brand is also expanding with David Ortiz, Abby Wambach, and Ronda Rousey.

Eli Manning will be doing a College Football version of Peyton's Places.

Peyton Manning appears to share his enthusiasm for his show.

Peyton's Places has been renewed for a third season.

Early next year, ESPN+ will be launching a new exclusive show with Stephen A. Smith.

A new daily highlights show is coming to ESPN+

They are excited about the launch of the PGA Tour on ESPN+

Last year, ESPN subscribers watched over 5 billion minutes of live sports.

Select SEC games will be available on ESPN+ starting next season.

ABC will be home of the SEC marquee afternoon matchups.

ESPN has reached an agreement with SEC to add content in the 2024 season.

According to Pitaro, sports betting is an important area of growth for ESPN.

ESPN is the number one sports brand in digital.

ESPN reaches 200 million sports fans each month. That is on par with both Google and Facebook.

Sports are delivered through ESPN TV, ABC, the ESPN app, and ESPN+

Jimmy Pitaro, Chariman of ESPN and Sports Content comes on to talk about.... sports.

ESPN+ subscribers have tripled despite this year's sports disruptions.

Michael Paull is back to talk about ESPN+

More news about the 20th Century Studios and Searchlight films for Hulu will be coming in the next few months.

ESPN+ content will be available for subscribers in Hulu.

Hulu will launch original films from 20th Century and Searchlight.

4 million subscribers watched ABC News Live during the election season. New exclusive ABC News programs will be coming to ABC News.

"Dave" doubled the show's linear broadcast viewership

Earlier this year, FX on Hulu launched, to provide a premium experience.

Hulu+Live TV has over 4 million subscribers. It is the 5th most popular TV provider in the United States.

In three years, Hulu has doubled the number of paid subscribers.

Kelly Campbell, President of Hulu is here to talk about their US offering.

Star+ will have access to the ESPN networks that are available in Latin America.

Sidenote: $DIS has climbed as high as $161 a share in after-hours trading (it closed at $154.69)

Lost, Atlanta, and SportsCenter are some of the content highlighted in their demo of Star+

Star+ will launch in June 2021, it will be available seperately or as part of a bundle.

In Latin America, they are taking a different approach. There will be a stand alone app called Star+ which will include general entertainment as well as live sports.

After you opt-in, the Marvel tile will show more mature content such as Logan.

Films like Die Hard and Alien will be available as well as series like Family Guy.

Jerell Jimerson speaking 

Since they are adding content with more mature ratings, they are taking steps to safeguard kids.  You will need to opt-in to mature content.

Now they are showing how Star will be intergrated with Disney+.

The price of Disney+ in those markets will go up to reflect the additional content.

Star will launch in many markets on February 23, 2021.

In some markets, Star will be fully integrated with Disney+ and be the sixth brand, joining Disney, Pixar, Marvel, Star Wars, and Nat Geo.

It will be available in two different ways, depending on the market.

Star and Star+ will be launched as the general entertainment content brand outside of the United States.

Disney+Hotstar is available in 7 local languages and is home to the most significant cricket events.

A version of the Disney Bundle that includes Hulu without ads will be available for an extra $6

Disney CEO Bob Chapek at the Disney Investor Day 2020

A fully integrated Disney+ and ESPN+ experience will be coming to Comcast customers in early 2021.

Now Michael Paull, President of Disney Streaming Services comes on.

There are currently 11.5 million ESPN+ subscribers.

Disney+ will launch in more markets including Eastern Europe, South Korea, and Hong Kong in 2021.

There are 38.8 million Hulu subscribers.

Previously, Disney said there would be 60-90 million subscribers by the 2024 fiscal year. There are currently 86.8 Disney+ subscribers. 

Now Rebecca Campbell, Chairman of International and Direct-to-Consumer comes to the stage.

Raya and the Last Dragon will be available on Premier Access at the same time it is released in theaters on March 5, 2021.

Over the next few years, Disney+ will have 10 Marvel series, 10 Star Wars series, 15 Disney series, and 15 features.

Something new will be added to Disney+ every week.

Blockbusters will debut first in theaters, with big content also coming to Disney+

Disney is prioritizing their streaming services by ramping up production for these services.

Eventually, everything will end up on streaming platforms.

Disney will also keep using the Premier Access model as well.

Disney will continue releasing content in exclusive windows to linear networks and theater exhibition.

Now Kareem Daniel is up to talk about Disney's new Media Distribution group.

Disney is facing some short-term challenges, but they are finding new and innovative ways to entertain and inspire.

They are pleased with the success of all of their streaming services.

1957 schematic with storytelling at the center that Chapek referred to.

He also says they are excited about Avengers Campus at the parks.

WandaVision, The Falcon and the Winter Soldier, and Loki are highlighted as upcoming Marvel projects.

He shows a 1957 org chart where everything is centered around storytelling.

Now Bob Chapek is talking about how Walt Disney founded the company believing that they should always be trying new things.

Based on insights from Disney+, they are able to inform creative teams of fan preferences.

He talks about how Disney has seperated content creation from distribution.

Disney Plus has 86.8 million subscribers as of December 2.

Now Bob Chapek, Disney CEO takes over.

The event is coming from Stage 2 at the Walt Disney Studios.

First, we will get an overview of Disney then a discussion of commercialization strategy. Then an overview of the Disney-to-Consumer business update.  From 2:30 to 5:00 Bob Iger will present a creative update followed by a financial update and q&a.

The intro video is over and Lowell Singer from Investor Relations kicks off the presentation.

"We Bring You, Everything You Want, Wherever You Are."

Video showcases ESPN+, Hulu, Disney+Hotstar, Star, and Disney+

"The Future Is Here"

"Stories That Take Us Everywhere."

"Events that Change Our Lives."

Moments.. The Become Great Memories

The sizzle reel shows clips from across all of Disney's brands and services.

"When we journey far, we are always led to something memorable."

An instrumental version of "Try Everything" from Zootopia accompanies the countdown.

2 minute countdown is on the screen.

The current wait music is "Almost There" from Princess and the Frog.

Here's a link to the public stream of today's presentation: 

The event will kick off in about 15 minutes.

For context, Disney's stock was trading below $80 a share for a time just earlier this year 

At the end of the trading day, Disney closed up $0.26 to $154.69. It will be interesting to see how the market handles what is revealed during after hours trading

It's almost time! The presentation should begin in less than half an hour