Valuetainment - February 01, 2026


＂Disney FORGOT Who Their Customer Is＂ - Disney's Value FALLS As Leadership Chaos ROCKS Stocks


Episode Stats

Length

17 minutes

Words per Minute

176.54109

Word Count

3,093

Sentence Count

221

Misogynist Sentences

1


Summary


Transcript

00:00:00.940 I'm Kelly Kennedy. I've been called a hope dealer for leaders and with over 300 episodes of the Business Development Podcast, we'll guide you and we'll always be in your corner.
00:00:12.900 Follow the Business Development Podcast on Spotify and let's make 2026 your best year yet.
00:00:24.180 Investing is all about the future. So what do you think is going to happen?
00:00:28.200 Bitcoin is sort of inevitable at this point.
00:00:30.900 I think it would come down to precious metals.
00:00:33.480 I hope we don't go cashless.
00:00:35.600 I would say land is a safe investment.
00:00:38.100 Technology, companies.
00:00:39.300 Solar energy.
00:00:40.260 Robotic pollinators might be a thing.
00:00:42.900 A wrestler to face a robot.
00:00:44.600 That will have to happen.
00:00:46.200 So whatever you think is going to happen in the future, you can invest in it at Wealthsimple.
00:00:51.940 Start now at Wealthsimple.com.
00:00:54.000 Senate Antitrust Panel Chair Raises Concerns Over Netflix's Warner Deal.
00:01:00.620 This is a Wall Street Journal story.
00:01:02.400 The chairman of the Senate's Antitrust Subcommittee is raising concerns over Netflix's proposed acquisition of the Warner Brothers movie and television studios and HBO Max streaming service.
00:01:11.560 In a letter to Netflix and Warner Discovery leader, Senate Mike Lee said the deal appears to likely raise serious antitrust issues, including the risk of substantially lessening competition in streaming markets.
00:01:24.980 Lee's letter was sent to Netflix co-chair executive Ted Sarandos and Greg Peters and Warner Discovery chief executive David Zaslov.
00:01:33.400 The senator said the deal raises concern with potential abuse of merger review process, particularly if an acquirer obtains competitively sensitive information under the guise of due diligence, less chairs, the subcommittee of antitrust competition policy and consumer rights under the Senate to jury committee.
00:01:51.600 So, Tom, when you're looking at this, they're saying Netflix's deal to acquire Warner Studios and streaming assets.
00:02:00.820 Netflix has agreed to pay 27 and three quarters a share in cash in a deal totaling $72 billion.
00:02:09.080 Why is this becoming more complicated than it was supposed to be?
00:02:12.500 Well, because right now, Warner Brothers Discovery, the CEO, David, we call him Zas, is about to say, the board and I have come to a final decision and we have signed.
00:02:26.180 We are now in a merger agreement with Netflix.
00:02:30.480 At that point, the Ellisons are going to elevate their legal fight and they're going to sue.
00:02:36.600 And it's going to go, then they're going to take it all the way to the Federal Trade Commission and saying, we think this is unfair.
00:02:44.860 We think it's going to lead to a lack of competition and choice for the American consumer.
00:02:49.200 And at that point, the merger lies at the feet of the bureaucrats in the federal government.
00:02:56.500 And so, if you're on the Ellison side, you say, well, Larry called Don.
00:03:04.140 Don, what's up, Larry?
00:03:05.600 Larry, listen, I think I'm getting screwed here.
00:03:08.560 They'll take care of it in committee.
00:03:10.120 We'll take a look at it.
00:03:11.380 Yeah, how's the kid?
00:03:12.360 He's doing great.
00:03:13.700 Brought him into the business.
00:03:16.520 Do people think that happened?
00:03:18.000 People are saying that the Ellisons have dropped the dime on Trump and Trump's got, you know, one of the federal bureaus responsible for such things for looking into it.
00:03:29.340 I think it's really simple.
00:03:31.540 There's a lot of egos in Hollywood and the offer price is so far up where the stock was trading that the board at Warner Brothers Discovery is getting tremendous value for their shareholders.
00:03:47.100 And then also Warner Brothers Discovery is going to create a little tiny, absolutely crappy little stock where they're putting all of the cable things into this little stock.
00:04:01.220 And CNN and all these cable channels are going to be trading on it.
00:04:04.660 And I'd like to know where that stock goes and who they're going to sell it to.
00:04:08.480 I think it's just going to sit on the market flat because where's the increase in cable subs?
00:04:13.660 There isn't any.
00:04:14.880 And they're going to do that.
00:04:16.160 So Netflix buys the big library from Warner Brothers.
00:04:20.240 Warner Brothers Discovery creates this, their shareholders get a bunch of money.
00:04:23.720 And then they create this little company that they drop on the market to carry all the cable nets.
00:04:30.640 Well, I mean, if you look at the Calci right now, Calci's a million dollars of volume in this says, what's the percentage, Rob?
00:04:38.820 62% Netflix, 23 Paramount, none before July of 2027, a year and a half from now, 18%.
00:04:47.940 But it looks like, look how close it was.
00:04:50.740 Go to, go, go to right there.
00:04:53.640 When is that?
00:04:54.140 December 26th.
00:04:55.000 Look at December 26th.
00:04:56.260 Go a little bit ahead.
00:04:57.460 That's when the Ellisons announced their hostile takeover.
00:04:59.920 Look at December 27th.
00:05:01.180 Ellisons were ahead.
00:05:02.860 And then next thing you know, the separation more and more and more and more and more.
00:05:08.680 It looks like they want Netflix to take this deal over.
00:05:10.960 I don't know.
00:05:11.620 I don't know what's going to happen here.
00:05:12.740 Let me get to this last story with Disney and we'll wrap up.
00:05:14.660 Disney's CEO succession drama is hurting the stock price.
00:05:18.520 It's time to wrap the Disney CEO succession race and bring a happy ending to one executive
00:05:24.100 castmate because the drawn out process being led by Morgan Stanley chair is weighing on its
00:05:31.380 stock like a stretch of bad movies.
00:05:33.260 We wouldn't expect the company to address leadership succession during upcoming earnings call.
00:05:38.220 But do anticipate resolution of this matter over the very near term.
00:05:42.680 JP Morgan analyst David Karnofsky wrote in a note on Tuesday, while the changes is not
00:05:48.720 likely to result in major strategic shift, we do believe the uncertainty around the process
00:05:53.160 has been an overhang to shares and see a catalyst and announcement and see visibility
00:05:58.880 into a smooth transition process.
00:06:00.820 Disney reports earning on February 2nd.
00:06:02.660 Shares of the entertainment giant have been down 1% over the past year as uncertainty on
00:06:08.900 who will replace a legendary CEO Bob Iger has persisted.
00:06:12.500 And a lot of people are asking this question, Tom, what's going to happen here?
00:06:15.220 Do you feel like Bob Iger is just kind of holding the whole thing together and he's got to step
00:06:19.820 out of the way because reports came today with Starbucks.
00:06:22.960 Do you know what reports were today with Starbucks with the new CEO Brian Nichol?
00:06:26.560 What were the numbers?
00:06:27.800 What were the numbers that came in today?
00:06:28.900 The numbers were great.
00:06:29.060 He turned the corner and he announced profitability and growth.
00:06:31.960 Beautiful.
00:06:32.800 That's what happens.
00:06:33.680 That's his job.
00:06:34.360 That's his job.
00:06:35.400 And Bob is not doing that the last five years.
00:06:38.700 It is time for him to step down and find somebody else.
00:06:42.340 Some of the decisions they made with the board was embarrassing, was pathetic.
00:06:46.600 And then as well as the good news is Kathleen Kennedy finally is done December 31st of 2025.
00:06:53.000 She was the face of wokeness for Disney where I don't know what the percentage was with how
00:06:57.900 many of the characters were part of the LGBTQ community and the cartoons that they
00:07:01.940 were producing.
00:07:02.780 They forgot who their customers were.
00:07:05.160 Starbucks remembered who their customers were now with Brian Nichol as the CEO.
00:07:09.620 Disney needs to go find somebody.
00:07:11.360 Tom, your thoughts on this story.
00:07:13.080 Bob Iger is Barack Obama.
00:07:15.720 Wow.
00:07:16.500 Bob Iger is Barack Obama.
00:07:17.340 Now the board is asking who wants to be Joe Biden and follow Barack Obama and they're going
00:07:23.540 to have a real tough time finding somebody that bridges streaming, getting people back
00:07:30.240 into the theme parks and getting growth on the theme parks, growth under licensing, growth
00:07:36.900 on all the cable nets, including ESPN, which has been laying people off and tightening up
00:07:41.320 rather than expanding and then growing the actual movie side of the business, which has had issues
00:07:48.920 as the American consumer says, why do you keep putting these hidden cues and all my kids
00:07:53.940 movies?
00:07:54.620 I'm not liking this.
00:07:56.120 So who wants to be Joe Biden and follow Bob Iger with that playing field and go do it?
00:08:03.600 I think the board's having a tough time of finding somebody that can navigate that.
00:08:08.900 Brad?
00:08:09.820 I'll volunteer.
00:08:11.560 I'll do it.
00:08:13.300 Really?
00:08:14.220 What would you do?
00:08:14.960 Okay, but what would you do?
00:08:15.960 No, no.
00:08:16.200 But wait a minute.
00:08:16.680 Play that out.
00:08:17.660 Play that out.
00:08:18.020 What would you do?
00:08:18.740 You're the CEO.
00:08:19.220 What are you doing?
00:08:20.000 I would just go in there and use common sense.
00:08:21.920 I mean, you know, everything that I think happens at those companies is all agenda driven,
00:08:28.120 you know?
00:08:29.300 Period.
00:08:29.620 Like, why are they putting that crap in the videos and the movies and the parts?
00:08:33.700 Kids movies.
00:08:34.700 Right.
00:08:35.380 And then when the conspiracy nuts go crazy with it, you know, it hurts stock price and
00:08:41.320 it stifles growth.
00:08:44.080 So I would go in there and just get back to the old school, you know, of entertainment,
00:08:49.000 pure and easy.
00:08:49.820 You know, I'd risk some all that money they have stocked up and I would make some new products
00:08:55.220 and some new characters.
00:08:56.080 When's the last new character, like a smash character?
00:09:00.740 I don't know.
00:09:01.820 But what I can tell you is it is a place that can have such a massive upside.
00:09:12.760 Knowing Bob Iger, Tom, do you think, okay, let me ask you this.
00:09:17.600 Do you think Bob Iger wants a Brian Nichol to come in and crush it at Disney and take it
00:09:22.280 from 200 billion to a trillion dollar valuation the next five years?
00:09:25.060 In the celebrity battle of the egos, no.
00:09:27.400 Okay, perfect.
00:09:28.180 So guess what?
00:09:28.700 You think the board wants it?
00:09:30.640 You hope they do.
00:09:32.620 Do you think shareholder wants it?
00:09:34.620 Of course they do.
00:09:35.860 Absolutely.
00:09:36.300 Because they're in.
00:09:37.380 So to me, I don't know.
00:09:38.940 I think this is a place where a killer CEO that is in their 40s, like 30s, 40s, early
00:09:45.980 50s, that has a track record of having some success, who can go in and turn things around,
00:09:52.040 I would be going like this if I'm them.
00:09:55.460 Who are the existing 10 Brian Nichols in a marketplace?
00:09:59.720 10 Brian Nichols that have already proven success in a different company.
00:10:03.240 I would want to say, hey, I would entertain this.
00:10:06.860 I would entertain wanting to do something like this.
00:10:08.860 I think there's a lot of opportunity and common sense upside.
00:10:12.620 You know how Trump went in and all of a sudden he's like, he's doing tariffs.
00:10:17.020 Why didn't I think of people?
00:10:18.040 People are saying, why didn't I think about this?
00:10:19.520 He's going to go Greenland.
00:10:20.580 How come the other president?
00:10:21.580 He's going to go expand.
00:10:22.660 How come he's going to go take the way?
00:10:24.240 How come, how come, how come the previous presidents didn't think about it?
00:10:27.400 He's a businessman.
00:10:28.680 That's right.
00:10:29.120 And these other guys are not.
00:10:30.160 So imagine if somebody goes into Disney, there's probably 5, 10, 15 basic things you could do to win the customers over.
00:10:40.160 It's not that complicated to do.
00:10:42.200 Yes, it's a small country.
00:10:43.840 Yes, Disney was worth $388-ish billion four years ago or five years ago.
00:10:50.820 Yes, they made the mistake with co-CEOs.
00:10:52.960 That never works when you have co-CEOs.
00:10:55.160 Most of the time, it's catastrophic.
00:10:57.340 Someone's got to be the decision maker.
00:10:58.600 Yes, he got in the way of Shapek making it because Iger was pretty much running the company from a distance.
00:11:06.200 But to me, I'd love to see somebody put their name in the hat and say, hey, consider me.
00:11:12.660 I'll come in and do some stuff here.
00:11:14.200 But I don't know if they're going to let a real driver's CEO get the job.
00:11:17.900 I can't believe they're still talking about this because it was a year ago.
00:11:21.580 You and I were sitting down.
00:11:22.680 Remember that we sat there for like two hours and you were articulating the strategic plan that you could put in place to turn Disney around from the content side to the theme park side to the conversion of media to what do you do differently in cable?
00:11:38.180 How do you navigate the podcast realm and what's happening on streaming?
00:11:43.460 I remember that.
00:11:44.280 We sat there for two hours.
00:11:45.820 There's this full strategic lens.
00:11:47.960 And then we said, do you think Disney's board has people strong enough to do it?
00:11:51.840 Because they need to.
00:11:53.780 Listen, I actually put my money where my mouth is.
00:11:57.580 Because I am pro-optimistic Disney long-term.
00:12:03.340 I think it's a trillion-dollar company.
00:12:05.320 I think it is.
00:12:05.960 I think it's a value-based company that I think has an upside to be a trillion dollars.
00:12:11.360 The amount of assets they own, somebody needs to come in that's a businessman to turn that thing around and make it a trillion-dollar company.
00:12:17.480 Disney with the rights here can be a trillion-dollar company within five years.
00:12:20.400 Within five years.
00:12:21.300 Aren't birth rates in decline?
00:12:23.120 1.58.
00:12:23.820 Expected to decline?
00:12:24.640 Yes.
00:12:24.860 Yeah, because, I mean, you know, Disney's generally focused towards the children, the kids.
00:12:30.420 So I think whoever takes over needs to factor in that if birth rates are going down, there's less and less customers being generated.
00:12:37.380 So you might want to shift your focus on teenagers and some adults.
00:12:43.660 Well, I mean, Disney, why can't they make more adult-like movies?
00:12:47.720 You know what they could also do?
00:12:48.820 They could also make a new character a hero that is building a family.
00:12:56.700 Because a lot of us, we became somebody we looked up to in a movie.
00:13:02.380 Rocky.
00:13:03.020 I want to grow up and be Rocky.
00:13:05.080 I want to grow up and be Chris Gardner from Pursuit of Happiness where, what's his name, played in it.
00:13:10.960 I want to grow up to be whoever.
00:13:14.260 Movies have a massive influence on a lot of people running for office.
00:13:16.820 I just said backdraft earlier of being a firefighter.
00:13:19.940 That was a great movie for, we were with the NASCAR owners, the ladies like, I like Days of Thunder when Tom Cruise did it because it brought a lot of attention to us.
00:13:30.460 But I wasn't a big fan of Talladega Nights because it made fun of our sport.
00:13:34.040 Remember Talladega Nights with Dear Baby Jesus, you know, when he starts doing his Ricky Bobby.
00:13:38.960 Yeah, so movies have power, but they're right movies, and they're not using that power that they have.
00:13:46.040 Anyways, folks, once a year, we host an event called the Sales Leadership Summit.
00:13:52.540 That event is coming up in the next two months.
00:13:56.140 It'll be in South Florida at Trump Doral.
00:13:59.560 And it's for those of you that run a business because sales is king.
00:14:03.600 Most people don't understand the power of developing sales leaders that develop sales people.
00:14:09.480 This video will break down what's happening at SLS, and hopefully those of you guys that are doing a million plus, you'll get a chance to get a ticket for yourself.
00:14:16.240 Go ahead, Rob.
00:14:16.620 Play the clip.
00:14:17.720 So many years ago, I realized the size of your income, your network, your lifestyle is a pure reflection of the size of problems you solve.
00:14:24.240 So for me, going back 20-some years ago, I was a good salesperson.
00:14:28.340 I learned how to sell.
00:14:29.800 I knew if I ran three, four appointments a day, I could sell two, four, six, maybe eight insurance policies on a given day.
00:14:35.920 Then I asked myself, how do I sell 50 in a day?
00:14:38.440 How do I sell 100 in a day?
00:14:39.880 There's no way I can do it by myself.
00:14:41.700 I had to solve a big problem and go from being a salesperson to being a sales leader.
00:14:46.220 By the way, it is very different being a salesperson than being a sales leader.
00:14:50.460 That's a massive problem to try to solve.
00:14:52.760 What happened later on?
00:14:53.760 I went from selling two to three policies a day personally to eventually we sold one million insurance policies with our company.
00:15:02.040 And we sold that company for $250 million three years ago, licensing 60,000 insurance agents.
00:15:07.520 We solved a massive problem, got paid massively.
00:15:12.000 Let me bring it back to you.
00:15:13.320 In America today, according to the Bureau of Labor Statistics, we have 13.4 million salespeople in America that go out selling every day working for commission.
00:15:20.700 We have 132,000 VP of sales, according to LinkedIn, and we have roughly 8,000 chief sales officers in America.
00:15:27.780 Now, when it comes down to putting the hat on of being a sales leader, it's a very different accountability, tough conversations, challenging, transferring your knowledge on how to get referrals, how to follow up on leads, how to properly follow up where you don't offend the person.
00:15:42.640 The script you use when you DM versus when you email, which is when you make a phone call, how to give better presentations, the types of phone calls to make, the types of contests to run, how to hold them accountable and drive them and not upset them.
00:15:53.880 And they still want to come.
00:15:54.880 How do you steer competition?
00:15:56.680 All of this are things companies that solve big problems that become multibillion dollar companies do.
00:16:03.200 So, once a year, I host a conference called the Sales Leadership Summit.
00:16:08.340 This happens once a year.
00:16:09.580 To attend this, you need to do a minimum of a million dollars a year and have five salespeople that report to you.
00:16:15.980 If you want to join us at this year's Sales Leadership Summit that happens end of March, we'll go through a 200-page manual together on how to go through A through Z of being a great sales leader.
00:16:26.920 Click on the link below.
00:16:28.100 Fill out the information.
00:16:29.520 One of our representatives from Bet David Consulting will reach out to you and tell you more about the Sales Leadership Summit.
00:16:35.240 Rob, what is the website to go to this?
00:16:37.860 Do we have it in the link?
00:16:39.060 We do.
00:16:39.420 It's in the description.
00:16:40.780 It's also pinned to the chat.
00:16:42.520 Can you click on a link just to see what it looks like so everybody sees it?
00:16:45.500 So, go.
00:16:45.940 If that's you, click on a link.
00:16:47.820 We'll spend two days together at Trump Doral.
00:16:49.820 And we go through A through Z.
00:16:51.000 And it's a great place to network with other performers that are also doing well.
00:16:55.400 There you have it.
00:16:56.040 So, what's the website called, Rob?
00:16:57.400 SLS.BetDavidConsulting.com
00:17:00.380 Beautiful.
00:17:01.020 All right.
00:17:01.480 Fantastic.
00:17:02.280 If you enjoyed this video, you want to watch more videos like this, click here.
00:17:04.980 And if you want to watch the entire podcast, click here.
00:17:07.780 We'll be right back.
00:17:21.360 We'll be right back.
00:17:21.460 We'll be right back.