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

M

MR.Dis

Well-Known Member
Let me see, Disney has survived: The Great Depression, World War 2, Union Strikes, the Committee on Unamerican Activities, The Korean War, The Vietnam War, the Cold War, The Recession of the late 1970's, The Mortgage Meltdown, an attempted hostile takeover, 9/11, Covid. Yet the company is going to pause all their announcements because of Tariffs-- I just thought I would add some perspective to the latest comments.
 
Chi84

Chi84

Premium Member
MR.Dis said:
Let me see, Disney has survived: The Great Depression, World War 2, Union Strikes, the Committee on Unamerican Activities, The Korean War, The Vietnam War, the Cold War, The Recession of the late 1970's, The Mortgage Meltdown, an attempted hostile takeover, 9/11, Covid. Yet the company is going to pause all their announcements because of Tariffs-. I just thought I would add some perspective to the latest comments.
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Is it a matter of not surviving or making adjustments based on those events?
 
M

MR.Dis

Well-Known Member
Chi84 said:
Is it a matter of not surviving or making adjustments based on those events?
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Disney continued to operate and expand during some of the most trying times. I guess my point is that management needs to plot a course and move forward, period. Trust their decision, do not waffle.
 
hopemax

hopemax

Well-Known Member
MR.Dis said:
Let me see, Disney has survived: The Great Depression, World War 2, Union Strikes, the Committee on Unamerican Activities, The Korean War, The Vietnam War, the Cold War, The Recession of the late 1970's, The Mortgage Meltdown, an attempted hostile takeover, 9/11, Covid. Yet the company is going to pause all their announcements because of Tariffs--. I just thought I would add some perspective to the latest comments.
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Walt and Roy O had a lot to do with the company surviving during the years when things were rough. If you see people at current Disney as capable, then Disney wouldn’t be in this succession nightmare, would they?

It’s the uncertainty that destroys business plans, and travel plans. Tariffs are only one part of the picture. The US has a trust problem, and every business will inherit some of it, regardless of their own individual trustworthiness.
 
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Sir_Cliff

Sir_Cliff

Well-Known Member
MR.Dis said:
Disney continued to operate and expand during some of the most trying times. I guess my point is that management needs to plot a course and move forward, period. Trust their decision, do not waffle.
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I don't think it would be wise to just make decisions and stick to them even if all the assumptions according to which they were made changed.

That's not to say this is the case with all the existing announcements, just to note, yet again, that they do have to take real world events into account rather than just building everything they announce on the idea that they gave their word or something along those lines. They're not announcing or building these things as a promise to us as their friends, it's because they think they'll make money off them. If they no longer think they'll make money off them, it stands to reason they won't build them.
 
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Sir_Cliff

Sir_Cliff

Well-Known Member
Looking at all your posts, I am kind of curious about your perspective on Iger.

Is it your belief that Disney only announces new theme park developments under Iger because he feels some sort of pressure to announce new projects but does not really want to? Then, because of this, is your perspective that as soon as he announces things he tries to find ways to not actually build them? That's the impression I get, but I could be wrong.

If this is the case, it then raises the question of where you believe the pressure is coming from and why he doesn't really want to build the things he announces?
 
Tha Realest

Tha Realest

Well-Known Member
Sir_Cliff said:
I don't think it would be wise to just make decisions and stick to them even if all the assumptions according to which they were made changed.
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I agree. They’re facing a situation where their supply chain / construction costs are about to go up 15-30%, roughly, with the very likely prospect their revenues starts to crater. Their “sure things” (MCU, live action remakes, Princess animated films) are no longer sure things, and it’s now viewed as a victory if they actually make money in the theatrical window. And as a result of various cost initiatives and corporate prerogatives, they’ve closed themselves off to a number of middle class families.

They’d be foolish to “keep the course” and should be keenly devoting $$$ to greatly improve the guest experience in the short and long term.
 
lentesta

lentesta

Premium Member
Rosso11 said:
Total International was down 4.4% from January-March. March alone was 10% however Easter was in March last year compared to April this year so they believe a good chuck of that is the Easter vacations last year. Not sure if the European number he references is accurate but overall internationally into the US is not nearly as bad. But still not good.
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The International Trade Administration - an actual government agency - said international visitors to the US were down 17% in March (link to spreadsheet).

The two big Western European markets for Disney are the UK and Germany:
  • UK visitors down 14.3%
  • Germany down 28.2%
The other big markets for WDW are:
  • Canada - numbers not available
  • Brazil up 6.1%
Asian tourism is about 1/3rd-smaller than Europe. Tourists from Asia were only down 3.4%. Japan was up 3.6% and India was down 3.6%.
 
Disstevefan1

Disstevefan1

Well-Known Member
Sir_Cliff said:
Looking at all your posts, I am kind of curious about your perspective on Iger.

Is it your belief that Disney only announces new theme park developments under Iger because he feels some sort of pressure to announce new projects but does not really want to? Then, because of this, is your perspective that as soon as he announces things he tries to find ways to not actually build them? That's the impression I get, but I could be wrong.

If this is the case, it then raises the question of where you believe the pressure is coming from and why he doesn't really want to build the things he announces?
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Just my opinion, he really does not care about the theme parks but needs parks and cruise lines as "cash cows" finance all the entities he wants to buy and to finance movies.

He needs the theme park development to happen to keep the cash cow healthy but it is his responsibility to make excuses (some will call reasons) why things do not go as planned in all areas of the company like movies, Disney+ and theme parks. The excuses/reasons need to sound good, he can just say, we have lost the skills and creativity to make movies and build theme parks.

Lets see what happens. Technically we are into year 3 of the 10 year plan. There is not much dirt moving.

The company continues to make movies with some wins and many losers.
 
BrianLo

BrianLo

Well-Known Member
Tha Realest said:
I agree. They’re facing a situation where their supply chain / construction costs are about to go up 15-30%, roughly, with the very likely prospect their revenues starts to crater.
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I’m no fan of the policies, but I think we’d see costs about a third of those figures you stated. 5-10%. More largely in line with consumer inflation and a positive tilt because some sectors are asymmetrically targeted, like steel. Then dragged down by a possible global slowdown, leading to less demand In product. But also propped up more than expected by an unexpectedly declining USD.

The costs shouldn’t exceed the effective rate (25%), not everything in these projects are procured via trade. Plus labour and design is domestic.
 
lentesta

lentesta

Premium Member
Is this a new UK offer? Email received today.

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