News Disney plans to accelerate Parks investment to $60 billion over 10 years

[Sirwalterraleigh]

I was hoping you'd find your way here.

Tag...You're it!

…I just can’t quit you, cowboy

 

[Disstevefan1]

But you just said Pandora was in response to EU. Is it for isn’t it? Pick a position and stick to it.

I didn't say it, Iger did.

To be clear. I do not think Disney responded to EPIC. Iger claims Disney knew about EPIC for 10 years and all the changes to day (including Pandora) was an ongoing response to Universal/EPIC

My position is Disney ONLY REACTS to Universal when they feel they must. I think Disney as the defending champ is playing rope a dope and is still waiting to see if Universal punches themselves out.

 

[FrontierSpirit]

I didn't say it, Iger did.

To be clear. I do not think Disney responded to EPIC. Iger claims Disney knew about EPIC for 10 years and all the changes to day (including Pandora) was an ongoing response to Universal/EPIC

My position is Disney ONLY REACTS to Universal when they feel they must. I think Disney as the defending champ is playing rope a dope and is still waiting to see if Universal punches themselves out.

Universal is t going to punch themselves out unless Epic Universe is terrible. There other two parks are fun. All good for the fans of theme parks.
I’m excited to visit both companies this Christmas and it’s Epic Universe that is bringing me out.
Next visit will be when Disney completes all their new stuff.

 

[HauntedPirate]

I didn't say it, Iger did.

To be clear. I do not think Disney responded to EPIC. Iger claims Disney knew about EPIC for 10 years and all the changes to day (including Pandora) was an ongoing response to Universal/EPIC

My position is Disney ONLY REACTS to Universal when they feel they must. I think Disney as the defending champ is playing rope a dope and is still waiting to see if Universal punches themselves out.

I hope you are right but Disney has stated they have already responded to EPIC with the additions they have already made over the years like Pandora and Guardians and Tron

Nowhere has Disney ever said such a thing.

 

[Lilofan]

Beware, Iger has already made statements of cutting based on new tariffs. Classic recent Disney is over promise and under deliver.

Aka ( that’s means streamlining the company. ) . Not rocket science to figure that out. Related to Iger surprise visit to ABC location in NYC to meet with cast.

 

[Disstevefan1]

Nowhere has Disney ever said such a thing.

In my option. Disney need to react to EPIC and my point is Disney (Iger) has said they have reacted over time to EPIC.

I will have to do some research to get some Iger quotes. Iger has said Disney knew and has already responded to EPIC over time. I remember him saying and and just shaking my head.

 

[HauntedPirate]

This is what was initially leaked. If true, initially, yes, a ticket to EPIC will be part of a package only.

As much as folks hate the lack of freedom of choice here, I think this is a good idea (for Universal).
1. They wont suffer the typical drop in attendance in the other parks.
2, They are controlling the attendance to EPIC when they initially open, while they are working things out.

It has been also leaked, they will eventually sell single park day tickets to EPIC, just not initially.

EPIC is going to be mobbed when it opens because it’s new. This is their game to lose; if they can handle the mobs and operate the park with little or no issues, it will be a big win for the company.

There is no economic crisis for folks with money and the folks with money are the only ones who can afford these theme parks these days.

There are folks who say the world is going to end (or want) the world to end because of (you know who) but it ain’t going to happen. Folks may also think of it in another way, the would is ending so we might as well go on one last vacation.

WDW will be fine in any event as always. In their panic guests may just get some perks back right now that will eventually be taken away again in the long run.

Well if they really try to limit ticket sales, at least initially, then maybe it wont be mobbed but lets see what actually happens. It will be interesting to watch.

"They are controlling attendance to Epic by limiting ticket sales..." "EPIC is going to be mobbed!" "Well, maybe it won't be mobbed, if they really try to limit ticket sales..."

 

[BrianLo]

Disney will never admit that they weren’t quite ready for Epic… but it doesn’t matter, it’s very clear from their actions.

Last years announcement cycle and this earmarked spending package are their admission of guilt.

What I disagree with @monothingie on is they have the money and the talent. Epic was expensive, but it wasn’t that expensive. If (and they deserve a big if) 17B is spent in Florida in a 10 year window, that is more than Universal will have spent in a 10 year window. Plus as per talent… where do we think many of those Florida creatives who wrapped on EU have landed? Where do we think those creatives came from in the first place?

 

[Disstevefan1]

"They are controlling attendance to Epic by limiting ticket sales..." "EPIC is going to be mobbed!" "Well, maybe it won't be mobbed, if they really try to limit ticket sales..."

If they do control attendance by limiting ticket sales it wont be mobbed and they can get their processes and procedures working.

IF however, if they change course and DO NOT control attendance by limiting ticket sales, then it will BE MOBBED because if tickets are on sale, folks will buy tickets and show up.

 

[monothingie]

No one said they weren’t optimizing spending in that way or that their strategy was ideal. Obviously, constantly bulldozing existing space, shuttering in-park real estate, or homogenizing retail is bad. That doesn’t mean a fifth gate is a logistically good idea from their perspective OR ours. Most vacations aren’t long enough to require more parks than already exist at Disney. What they could use instead is more capacity within each park, which they also sometimes fail on with their replacement model, but that doesn’t mean I think the undercurrent of your point (that they basically need an equal response) is in the best interest either.

One of the main driver of guests returning is the guest's desire to see more or do something they didn't get a chance to do the first time.

There is no incentive for that anymore because it doesn't contribute to the immediate bottom line.

None.

EU has sucked up all the air in that room now. Disney's investment and development strategy basically handed the guest to USO because they were afraid of cutting into their quarterlies.

Any meaningful capacity expansion has been cut down in favor milking the status quo.

 

[James Alucobond]

You're just talking about things I wasn't talking about originally now, so okay.

 

[monothingie]

What I disagree with @monothingie on is they have the money and the talent. Epic was expensive, but it wasn’t that expensive. If (and they deserve a big if) 17B is spent in Florida in a 10 year window, that is more than Universal will have spent in a 10 year window. Plus as per talent… where do we think many of those Florida creatives who wrapped on EU have landed? Where do we think those creatives came from in the first place?

Do you not believe that the $17B isn't already allocated?

And no WDI has absolutely no talent left in it. The latest portfolio of meh from WDI shows the creativity bank has run dry. I have a feeling that TT3.0 is going to be a lot of cringe.

 

[BrianLo]

Do you not believe that the $17B isn't already allocated?

What do you mean. From what’s currently announced? No, there’s maybe 5B of things announced for Florida on the very generous end (pre-tariffs).

And no WDI has absolutely no talent left in it. The latest portfolio of meh from WDI shows the creativity bank has run dry. I have a feeling that TT3.0 is going to be a lot of cringe.

I think you missed my allusion that a large chunk of the EU project team was hired by WDI in the last 18 months. They’ve been on a hiring spree.

 

[mysto]

Do you not believe that the $17B isn't already allocated?

And no WDI has absolutely no talent left in it. The latest portfolio of meh from WDI shows the creativity bank has run dry. I have a feeling that TT3.0 is going to be a lot of cringe.

Is allocated a newspeak euphemism for stolen? I'm having trouble keeping up with the kids.

 

[Disstevefan1]

Do you not believe that the $17B isn't already allocated?

In my opinion, the 17B is a lie, just a fake talking point to keep shareholders happy.

In my opinion, Whatever plans Disney have are vague and will change or not even happen.

Disney is working quarter to quarter. The only thing they are working on right now is what they can say in the next quarterly report.

 

[LSLS]

Disney will never admit that they weren’t quite ready for Epic… but it doesn’t matter, it’s very clear from their actions.

Last years announcement cycle and this earmarked spending package are their admission of guilt.

What I disagree with @monothingie on is they have the money and the talent. Epic was expensive, but it wasn’t that expensive. If (and they deserve a big if) 17B is spent in Florida in a 10 year window, that is more than Universal will have spent in a 10 year window. Plus as per talent… where do we think many of those Florida creatives who wrapped on EU have landed? Where do we think those creatives came from in the first place?

Disney originally had the idea I think that Epic would drive traffic to Orlando, and they would benefit as well. I think they panicked at the idea that maybe prices are to the point that's just not going to happen. And I think their end result is they are going to chalk this year to a loss, and try to get people back the following years. If I was Universal, I'd be worried about what happened with Nintendo land in Hollywood. Basically, got a huge bump for one year, then numbers dropped right back to where they were before. Now, an entirely new park could (should) have different results, but I'd be a lot more worried now than I was 2 years ago.

 

[monothingie]

What do you mean. From what’s currently announced? No, there’s maybe 5B of things announced for Florida on the very generous end (pre-tariffs).

No. You don't just block off $17B spend half of it and then say we'll figure out what to do with the rest later. It doesn't work that way.

Every cent of the $17B is assigned to something. Now it may never come to fruition or be cut later or be reassigned later, but Disney knows where every dollar is currently intended to go as of right now.

I think you missed my allusion that a large chunk of the EU project team was hired by WDI in the last 18 months. They’ve been on a hiring spree.

And you can see the result of the talent drain from WDI. The HP queue alone is amazing.

 

[Sirwalterraleigh]

Do you not believe that the $17B isn't already allocated?

And no WDI has absolutely no talent left in it. The latest portfolio of meh from WDI shows the creativity bank has run dry. I have a feeling that TT3.0 is going to be a lot of cringe.

I don’t

I think it’s the typical game we have come to expect…

I can believe $17 is their estimate of significant long term operations spends and limited new investment…absolutely.

But “commitment” to actually spending that much to do something significant? Nope…I’m from Missouri on this.

Remember the scene when Gordon gecko had Fox try to scam the Union leaders from the airline and said “…I can have a letter of agreement drawn up in two days” as he lied to them?

There is zero chance the great Boboleon goes to jail for lying…unlike poor Bud Fox

 

[Lilofan]

In my opinion, the 17B is a lie, just a fake talking point to keep shareholders happy.

In my opinion, Whatever plans Disney have are vague and will change or not even happen.

Disney is working quarter to quarter. The only thing they are working on right now is what they can say in the next quarterly report.

Bingo, like many companies they prep what they ( Iger and the CFO ) will say and present to Wall Street each quarter during public earnings report call.

 

[Sirwalterraleigh]

Disney has the money…they’ve never had more…

But the talent is drug down by awful economic philosophy and false beliefs about their market in management

The head of the fish is rotten