DonniePeverley
Well-Known Member
What was the Peltz scare?
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News Disney plans to accelerate Parks investment to $60 billion over 10 years
- Thread starter CaptainAmerica
- Start date
What was the Peltz scare?
MerlinTheGoat
Well-Known Member
Mixture of an overabundance of caution and also to inflict the maximum humiliation possible on the person who wounded his ego I'd figure. Corporate executives tend to have out of control egos, so it doesn't really surprise me when they go overboard on trying to stamp out any and all dissent from other wealthy ego mad people who have publicly criticized them. Even if going that hard is entirely unnecessary and the opposition wasn't a real threat.
Peltz suffered an enormous and humiliating defeat. I'd imagine much more than any relief Iger may have felt, it gave him a massive ego boost.
BrianLo
Well-Known Member
Not really. As a Division, 'Entertainment' has always been self-funded. Linear has propped it up while DTC and Content Sales/Licensing (or Studios) was negative. Ultimately the Entertainment portion of the company still reported 1.44 billion positive operating income for last year.
Parks money you could say went to the Hulu buyout last year in large part. This year in increased Capex, buybacks, dividends and lastly debt servicing one could say. But on paper the Entertainment will certainly again be positive and so will sports, so they are also contributing to those line items in a way.
Sirwalterraleigh
Premium Member
I agree with you.
Did we ever get the board vote totals? They have to disclose that
Whatever Bob thinks now…the market still wants him gone. But have no faith he will honor his vague promises
Sirwalterraleigh
Premium Member
If I didn’t know better…it looks like you’re supporting the “it’s always something…” theorem
I know…”profitable in 2024”
Disney plus will never generate the profits that Disney enjoy from its espn led sweet cable money for 20 years. It’s just not the same product. People aren’t trapped into it.
We’ll see how it plays?
Parks are under incredible pressure…which is awful for fans.
lentesta
Premium Member
Everything I'm hearing is around EU initially having some sort of prioritized access into the park, because demand will be so high. So, for example, on-site guests at Premier hotels with multi-day park tickets get first dibs, then cheaper on-site hotels, etc. Essentially higher spend = better chance at access.
I'd heard it would be mid-year for the IT infrastructure to handle EU (e.g., around hotels, ticketing, etc.) to be ready to test. And even if you build in delays/rework/updates, I still think we'll hear about ticket options this year.
It's possible we might be able to purchase said tickets this year. I'm not sure whether UOR will announce the ticket types and prices before they're able to be purchased, or in parallel with them being released. I suspect that with leaks, we'll know about the ticket types but not prices, first.
HMF
Well-Known Member
Considering they can't find a consistent theme with their second park. I don't trust them building a third.
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flyerjab
Well-Known Member
Excellent use of a Conan reference here. Well done.
BrianLo
Well-Known Member
Quite the opposite. Money is free flowing, in every major segment of the company now, there’s zero excuses.
Sirwalterraleigh
Premium Member
Thanks, and interesting, but let's not lead posters off track to the WDW versus Universal debate again.
doctornick
Well-Known Member
Should we just have something like a “EU opening and impact on WDW” thread here than can be a catchall for that stuff?Thanks, and interesting, but let's not lead posters off track to the WDW versus Universal debate again.
BrianLo
Well-Known Member
Note I used Segments purposefully;
Entertainment, even with its no good, very bad year, was still making money. Removing a 2.5B deficit from DTC in that segment will help dramatically, even if linear declines underneath. Assuming, you know, DTC doesn’t actually improve further. Like I think it will (Hulu, price hikes, subscriber gains, unrealized cost cutting, etc)
Disney Bets $60B Its Parks Will Power the Future
The $9.1 billion that the Josh D’Amaro-led unit reels in is an undeniable bright spot in Bob Iger’s empire. Now it’s being pushed to do even more.
www.hollywoodreporter.com
Some press has gone out regarding the investment, mostly stuff we have heard before (it drills in over and over that almost all of the additions will be IP related), there are some tidbits on the IPs that are going to prioritized in it (Black Panther, Coco, Encanto and something Frozen related for California are mentioned and the possibility of collaborating with Epic Games on parks related projects are brought up). In addition, some behind the scenes stuff in regards to how they work with the movie/tv side to see if certain projects are theme parkable or not, how a recession will be disney's excuse to not invest and how theme parks are a growth buisness at the moment.
Disney Bets $60B Its Parks Will Power the Future
The $9.1 billion that the Josh D’Amaro-led unit reels in is an undeniable bright spot in Bob Iger’s empire. Now it’s being pushed to do even more.
Some press has gone out regarding the investment, mostly stuff we have heard before (it drills in over and over that almost all of the additions will be IP related), there are some tidbits on the IPs that are going to prioritized in it (Black Panther, Coco, Encanto and something Frozen related for California are mentioned and the possibility of collaborating with Epic Games on parks related projects are brought up). In addition, some behind the scenes stuff in regards to how they work with the movie/tv side to see if certain projects are theme parkable or not, how a recession will be disney's excuse to not invest and how theme parks are a growth buisness at the moment.
Who else clicked on that article just to see if "turbocharge" was used?
ETA: Wow. That's a pure fluff piece.
Well, it was equally fluffy to Universal.
Most likely the piece started as an update to DisnelandForward and morphed into a "the story so far..."
imagineer97
Well-Known Member
- In the Parks
- No
I like how this is brought up like this was only a thing during the Chapek era. They only fixed 50% of this in Florida.
