Right from AMC’s website:
“Bob Chapek - Executive Pricing Strategist”
(Not really, but it’s funny
)
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News Bob Iger is back! Chapek is out!!
- Thread starter Disney4family
- Start date
Right from AMC’s website:
“Bob Chapek - Executive Pricing Strategist”
(Not really, but it’s funny
)I saw posts from before I think that some cast were happy Iger was returning. I’m not sure how his return could benefit them.
If you suddenly disappear… we know why.
They're getting a whole month of TRON previews!!
WRT AMC pricing...
Remember, it was Disney that innovated that kind of prices for their Broadway plays.
Yes, other theaters charged different prices for different sections, but Disney added much larger price differentials and as a theater was looking like it was going to sell out, all the prices shot up to take advantage of the demand. Other theaters followed suit.
Then Disney has been applying that policy to park tickets.
Remember, it was Disney that innovated that kind of prices for their Broadway plays.
Yes, other theaters charged different prices for different sections, but Disney added much larger price differentials and as a theater was looking like it was going to sell out, all the prices shot up to take advantage of the demand. Other theaters followed suit.
Then Disney has been applying that policy to park tickets.
Elijah Abrams
Well-Known Member
- In the Parks
- Yes
Iger needs to be replaced soon, after what happened at the earnings report today. He’s gone crazy!
BuzzedPotatoHead89
Well-Known Member
What happened on the earnings report?
Or is this a joke in reference to McCarthy’s last supposed excuse for firing Chapek?
Elijah Abrams
Well-Known Member
- In the Parks
- Yes
BuzzedPotatoHead89
Well-Known Member
I did/have…. and I listened to the earnings call.
Ok, let me rephrase this since I didn’t mean this literally. What specifically did Iger do/say on the earnings report that would get him replaced?
The 7,000 layoffs is not out of line with what the Street was anticipating. He underplayed the loss in subs in streaming but they were upfront enough to blame HotStar for losses.
They’re also restructuring ESPN to appease Loeb, and while they do have a realistic shot at losing a board seat to Peltz the talk of even a modest return of the dividend as well as the need to increase parks capacity and and access are straight up efforts to address the Trian critiques and brewing retail investor concerns.
I’m no Iger super-fan, but I see no evidence yet the board or institutional investors are ready to jump ship.
Elijah Abrams
Well-Known Member
- In the Parks
- Yes
I was upset over him announcing more sequels to Toy Story, Frozen, and Zootopia, like he’s forcing Jennifer Lee and Pete Docter to have them made.
ESPN Is Sent on New Trajectory at Disney
After committing billions over the past few years to snare valuable sports rights, Disney is signaling it might play a more careful game when it comes to ESPN. Disney on Wednesday unveiled a new co…
variety.com
Bob Iger Gets Blunt: Hollywood Can’t Give Up on the Old Until the New Starts Making Real Money
Disney chief Bob Iger acknowledged that the company must cut costs and become more profitable as the media business faces existential challenges.
variety.com
Elijah Abrams
Well-Known Member
- In the Parks
- Yes
Wouldn’t be surprised if he would have to undo his Fox purchase in order to save Disney. (Only the 20th Century, Searchlight, and 20th TV assets would be sold off though.)Bob Iger Gets Blunt: Hollywood Can’t Give Up on the Old Until the New Starts Making Real Money
Disney chief Bob Iger acknowledged that the company must cut costs and become more profitable as the media business faces existential challenges.
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If there was a worthy successor.
The hyperbole in the slides posted above by Penguin illustrates they don’t have any intention in restoring value or customer satisfaction. They’re trying to appease shareholders (many of whom are as clueless about the legacy of the parks as management is) whilst rolling back on carefully selected items that are of little or no expense to the bottom line in an attempt to say “we’re listening”.
GhostHost1000
Premium Member
That’s how I read into all of that yesterday as well. Their main focus is their stock price and making shareholders happy again, not their customers.
EPCOT-O.G.
Well-Known Member
I think their order of priority is:
1) self-preservation in fighting off proxy battle
2) maximizing shareholder value
3) making the right people happy
4) making their customers happy
GhostHost1000
Premium Member
I think you nailed it
By the time they get to 4, it’s going to be even more difficult to do that I’m afraid
EPCOT-O.G.
Well-Known Member
I think it’s even worse. The D+ stuff* has been so disruptive both internally and externally that even if they really wanted to do something in the parks they’re hamstrung.
* I include the Fox acquisition as it had the dual component of both expanding subscriber possibilities (Star, etc) and reams of content (as yet underutilized)
