Lowell Singer | The Walt Disney Co. |
Robert A. Iger | The Walt Disney Co. |
Christine M. McCarthy | The Walt Disney Co. |
Benjamin Daniel Swinburne | Morgan Stanley & Co. LLC |
Jessica Jean Reif Cohen | Bank of America Merrill Lynch |
Michael B. Nathanson | MoffettNathanson LLC |
Alexia S. Quadrani | JPMorgan Securities LLC |
Marci L. Ryvicker | Wells Fargo Securities LLC |
Todd Michael Juenger | Sanford C. Bernstein & Co. LLC |
Steven Cahall | RBC Capital Markets LLC |
Kannan Venkateshwar | Barclays Capital, Inc. |
Hello, and welcome to the Second Quarter 2018 Walt Disney Company Earnings Conference Call. My name is Michelle, and I will be your operator for today's conference. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. Please note that today's conference is being recorded.