On layoffs, very bad attendance, and Iger's legacy being one of disgrace

MrPromey

MrPromey

Well-Known Member
Piebald said:
My complaint was the food was terrible. Disneys food for all its criticisms is diverse and can range from not bad to pretty damn good. I cant think of anything terrible except for Pizzarizzo. BG and SeaWorld, however, were pretty gross. Even Universal lags way behind Disney in the food department.
Click to expand...

We'll have to agree to disagree about the quality of food at WDW.

Also, you're horribly wrong. ;)
 
Last edited:
Tom Morrow

Tom Morrow

Well-Known Member
The people that say the food is bad at Disney all have the same thing in common - they ate at Cosmic Ray's and other equivalent generic quick service options and never tried anything better.

Ok, yes, some of the full service restaurants are also bad, but most are fine, and many are excellent.
 
L

Lilofan

Well-Known Member
pheneix said:
On how much the NBA is subsidizing WDW ops, the bill Disney is presenting is about $1.5 million a day. That's...... not a lot of money.

sports.yahoo.com

Here's the massive price tag the NBA is reportedly paying to play its season at Disney World

Three resorts, the ESPN Wide World of Sports complex and the employees of those properties don't come cheap.
sports.yahoo.com sports.yahoo.com

It could be argued that Bob Iger is using company resources to broker money losing deals with the NBA. The bet is Disney will make the losses back in TV ad revenue. The odds on that much cash coming in..... not good. Won't be the first time Disney lost a bunch of money on the NBA in Orlando.

For certain: Bob Iger's "friendship" with Adam Silver will continue to be cultivated.
Click to expand...
NBA Experience is a money loser for Disney and it still barely operates. Iger rarely comes to a grand opening except for like an opening on a theme park however he personally cane to the grand opening of the NBA Experience at Disney Springs to be with his friend Adam Silver.
 
L

Lilofan

Well-Known Member
SamusAranX said:
I make a yearly pilgrimage to Cedar Point from Florida it’s one of my favorite places to be. Except this year unfortunately :confused: The countryside there is beautiful and Ohio gets a negative “corn patches only lolz” reputation when in fact the state is quite geographically diverse from rolling plains to rugged hills to Appalachia to large forests to fun rivers
Click to expand...
I don't know much about Cedar Point or even what state is it in until recently. The name sounded like a retirement community. What type of hotels are there near Cedar Point? Like a Motel 6 or Econolodge?
 
D

DVCakaCarlF

Well-Known Member
DDLand said:
I was shocked when they reopened Epcot. Shocked. You can look at my post history where I incorrectly predicted Epcot would remain closed for the next year. Bringing that park back online was utter madness. It is in terrible shape, and COVID has nerfed the nightlife and other cool experiences. The glue holding Epcot afloat vanished. Right now Epcot is only cannibalizing the other parks.

A couple businesses that might be helping Walt Disney World right now...
Annual Passes) From Disney’s Annual Report:
Deferred revenue primarily relates to non-refundable consideration received in advance for (i) licensing contracts and theme park vacation packages, tickets and annual passes and (ii) the deferral of advertising revenues due to ratings shortfalls. The increase in the deferred revenue balance at September 28, 2019 was primarily due to the receipt of additional prepaid park admissions, advances on certain licensing arrangements and non-refundable travel deposits, as well as the acquisition of TFCF and consolidation of Hulu (see Note 4).

Basically, when we buy tickets from Disney, they don’t count the money immediately as revenue. Instead, it goes into a bank account where it is saved. Then, as Disney keeps the park open, quarter by quarter more of the deferred revenue is unlocked or counted as revenue. When Walt Disney World closed, it likely was no longer able to recognize passholder revenue. But with the reopening, Walt Disney World could start taking money from the pot again. No one even needs to show up and Disney still could make revenue. The deferred revenue wouldn’t be huge, but it could be a hundred million+. Does anyone know how large Florida’s annual passholder business is? Items like total APs and average ticket price of APs would be helpful.

DVC) Disney doesn’t care if DVC rooms are booked. Disney should still be able to charge DVC members their management fees with or without occupancy. As long as Disney is maintaining and operating the resort, Disney should receive its check. Reopening right now might be a no brainer. DVC members with access to contracts would know for sure.

Variable Profit) Disney could be making money and losing it at the same time. Some costs are fixed (like security, depreciation, maintenance, etc). Other costs are variable (like cast member salaries, electricity, etc.). Disney might be making a variable profit, or in other words, they are covering the costs of staying open. Another way of thinking about this is figuring out the way to lose the least amount of money possible. This is a profit but not an actual profit like we would think of intuitively. Disney might also be cash flow positive (profit before accounting for depreciation). That would be good news on the liquidity front and is plausible (depreciation per quarter will be $500+ million).

NBA) Hopefully WDW is being well compensated!

It all does seem suspect though. If Walt Disney World is making an operating profit I will be impressed. It just seems hard to believe. So to boil it down, Walt Disney World is:
1) Making a variable profit. This means it’s making more money than it would by staying closed.
2) Walt Disney World is cash flow positive. This means Disney World is making enough money to pay its immediate bills, but not enough to offset previous investments. This would be great, because Disney would be able to save liquidity.
3) It makes a real operating profit. That would be crazy good news. This will be a stretch IMO.
Click to expand...
Yes, this is called Accounting 101...talk to me when you get to 309 or 404.
 
Coaster Lover

Coaster Lover

Well-Known Member
In the Parks
No
Lilofan said:
I don't know much about Cedar Point or even what state is it in until recently. The name sounded like a retirement community. What type of hotels are there near Cedar Point? Like a Motel 6 or Econolodge?
Click to expand...

It's quite a mix... Cedar Point has several on property hotels, but just off the peninsula you can find just a wider range range of chain hotels and motels ranging from absolute dumps to respectably nice hotels. (No Marriott's or Hilton's, but Cedar Point's Hotel Breakers is quite nice)
 
D

DVCakaCarlF

Well-Known Member
Tom Morrow said:
The people that say the food is bad at Disney all have the same thing in common - they ate at Cosmic Ray's and other equivalent generic quick service options and never tried anything better.

Ok, yes, some of the full service restaurants are also bad, but most are fine, and many are excellent.
Click to expand...
1) I actually like Cosmic Ray’s
2) Yes, it’s dumb to eat fast food and Starbucks, in general, at WDW. You can get that on the street for 1/2.
 
T

Touchdown

Well-Known Member
Cedar Point operates 4 hotels, a historic beachside hotel (which other then dining options which are subpar compared to WDW deluxe resorts) is their deluxe hotel with beachside location and walking distance from the park, an indoor water park resort, a camping and cabin resort, and a budget hotel. There are a variety of hotels in Sandusky ranging from a Kalahari and Great Wolf lodge down to your budget hotels.

Sandusky and Cedar Point are on Lake Erie btw, Cedar Point is called that because it’s on a peninsula with the Lake on 3 sides. It’s one of the oldest amusement parks still operating (150 years old) and has a gorgeous sand beach. If you are a football fan, Knute Rockne perfected his forward pass on that beach over the summer (where he had a summer job) prior to Norte Dame’s historic win over Army that popularized the technique modernizing the sport and catapulting ND to national prominence.
 
Last edited:
MisterPenguin

MisterPenguin

President of Animal Kingdom
Premium Member
Lilofan said:
NBA Experience is a money loser for Disney and it still barely operates.
Click to expand...

How are you defining 'money loser'? Compared to what they would have gotten from paying guests? Because, there aren't enough paying guests right now to occupy those rooms.

Measuring it by the cost of operating those hotels and the WWoS complex versus what the NBA is paying?
 

Register on WDWMAGIC. This sidebar will go away, and you'll see fewer ads.

Back
Top Bottom