Lowell Singer | SVP, IR |
Robert Iger | Chairman & CEO |
Christine McCarthy | Senior EVP & CFO |
Ben Swinburne | Morgan Stanley |
Alexia Quadrani | JPMorgan |
Michael Nathanson | MoffettNathanson |
Doug Mitchelson | Credit Suisse |
Jessica Reif Ehrlich | Bank of America Merrill Lynch |
John Hodulik | UBS |
Jason Bazinet | Citigroup |
Dan Salmon | BMO Capital Markets |
Steven Cahall | Wells Fargo |
Ladies and gentlemen, thank you for standing by and welcome to The Walt Disney Company's Fiscal Full Year and Fourth Quarter 2019 Financial Results Conference Call. At this time, all participants’ lines are in a listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. [Operator Instructions]. Please be advised that today's conference is being recorded.