Something for you Disney stock holders...
http://news.yahoo.com/disney-loses-appeal-319-million-wants-millionaire-case-014552575.html
http://news.yahoo.com/disney-loses-appeal-319-million-wants-millionaire-case-014552575.html
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Disney loses appeal
- Thread starter John
- Start date
Clyde
Active Member
Me too. lol
sweetpee_1993
Well-Known Member
If $319 mil is nothing to Disney, 'splain to me again why we're still gettin' down with Disco Yeti??? 
I'm thinkin' they'll find another loop to buy some time & tie up another appeal somewhere. I tried to figure out what the lawsuit was about from the limited article I read late last night but all I got was something about shoddy investment of someone's money that screwed them out of millions which made no sense to me whatsoever. Can anyone help clarify??? In my defense, it was very late and cold meds are seriously messing with my brain & ability to sleep. LOL!
I'm thinkin' they'll find another loop to buy some time & tie up another appeal somewhere. I tried to figure out what the lawsuit was about from the limited article I read late last night but all I got was something about shoddy investment of someone's money that screwed them out of millions which made no sense to me whatsoever. Can anyone help clarify??? In my defense, it was very late and cold meds are seriously messing with my brain & ability to sleep. LOL!
ewensell3
Well-Known Member
This might help...
http://www.huffingtonpost.com/2010/07/07/disneycelador-lawsuit-ver_n_638518.html
The executive summary (according to my interpretation): ABC/Disney made a 50/50 deal with Celador International for the US versions of "Who wants to be a Millionaire" on the contingent that the show was successful. By surprise the show became very successful, but ABC/Disney is accused of using "creative accounting" to avoid paying the amount they agreed to.
http://www.huffingtonpost.com/2010/07/07/disneycelador-lawsuit-ver_n_638518.html
The executive summary (according to my interpretation): ABC/Disney made a 50/50 deal with Celador International for the US versions of "Who wants to be a Millionaire" on the contingent that the show was successful. By surprise the show became very successful, but ABC/Disney is accused of using "creative accounting" to avoid paying the amount they agreed to.
sweetpee_1993
Well-Known Member
Thank you thank you thank you! I think I read the Huffington Post article but my brain wasn't processing the words. Your explanation makes perfect sense. I gotta reevaluate the cold meds today. LOL!
AndyS2992
Well-Known Member
so let me get this straight... Disney spends a lot of money to build a not-so-popular attraction and then loses $319 million on it as well?TDO - brilliant
Nah it relates to the actual broadcast of the TV show and how Disney fleeced them out of licensing royalties. Doesn't mention the attraction anywhere but it is probably a factor somewhere lol
AndyS2992
Well-Known Member
If $319 mil is nothing to Disney, 'splain to me again why we're still gettin' down with Disco Yeti???
Laziness and priorities
Just think about it, they recently bought out Pixar, Marvel and LucasFilm, each costing the company several billion dollars. They also recently released The Avengers which brought in over a billion in profit. The Walt Disney Company as a whole makes annual profits well over the billion $ mark. They can easily afford $319 million.
Joseph Robinson
Well-Known Member
If $319 mil is nothing to Disney, 'splain to me again why we're still gettin' down with Disco Yeti???
Because while $319* is a drop in the bucket to Disney, the average consumer who doesn't know any better thinks that the number is big enough to justify "we don't have the budget to fix that right now".
*Million. I hate when I a word.
AndyS2992
Well-Known Member
They could. They just choose not to it seems.
EOD K9
Well-Known Member
I actually enjoyed WWTBAMPIso let me get this straight... Disney spends a lot of money to build a not-so-popular attraction and then loses $319 million on it as well?
Goofyernmost
Well-Known Member
Seems like a reasonable question but based on my very limited knowledge of the workings of the Everest situation, I have drawn this conclusion.
It is way more then just simply repairing the Yeti. The way the ride was designed and built, they didn't really think out what would happen if something malfunctioned. It appears that a large portion of the structure would need to be removed just to get to the Yeti. If it is a foundation problem, it likely would require digging out the current foundation and reinforcing, even driving footers deeper then they currently are. That cannot be done with a soup spoon. It requires large equipment.
The chances are that this would require the closing of the ride for perhaps up to a year or more while they disassembled, repaired and reassembled the structure. How upset would everyone be if it were shut down that long. And for what? A split second view of a moving mechanical object (that many never saw anyway due to other distractions). Everyone has had a hissy fit with Test Track being shut down for only a few months.
I agree that it would be nice if it were operating properly, but for safety reason it cannot be, also it appears that the mobile Yeti added very little to the overall experience of the riders.
Lee
Adventurer
Nope.
Nope.
Rider safety is not a factor, other than possibly in some lawyer's imagination.
And the yeti added quite a bit to the overall experience. He was the star of the attraction, the climax of the ride, and what set it apart from other coasters.
Or at least he was. Now he is mostly just a symbol of AK's poor attraction menu planning, and of the company's unwillingness to maintain show standards.
Darth Sidious
Authentically Disney Distinctly Chinese
$319M is nothing to TWDC. I'd buy if this caused a sell off but it will not.
As for the Yeti... Budgeting works this way. It is unfortunate though.
As for the Yeti... Budgeting works this way. It is unfortunate though.
Goofyernmost
Well-Known Member
OK, care to elaborate. You seem to know this so what is the truth and how do you know?
OK, then how long would it take and again, how do you know?
Then the problem isn't a failing foundation? Because if the thing that the Yeti is attached too, is failing then how could it not be a possible threat to riders especially since it is leaning out toward the track?
$319 mil may not be enough to do anything to the stock, but it isn't "nothing to Disney". That's an enormous amount of cash that could be generating money in other ways. This is a much bigger deal than some of you would believe.
Look at the minimal loss of John Carter (if it actually lost money at all after video sales were initially so strong) and the impact it had on Disney.
Look at the minimal loss of John Carter (if it actually lost money at all after video sales were initially so strong) and the impact it had on Disney.