Politics 28000 Layoffs coming to Disney's domestic theme parks - statement from Josh D'Amaro

This thread contains political discussion related to the original thread topic

TrainChasers

Well-Known Member
Some forms may be, but generally no, it isn't safe to have live entertainment.
It also seems like you are going to shoot down every idea I mention so what’s the point?
Edit-
Either it’s safe, or it isn’t? If frozen sing-along, dapper dans, and jammitors can perform other live shows can perform as well.

Is it safe for universal to be having live shows including a nighttime show?

Even Dollywood is having fireworks for their Christmas nights right now!
 
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LSLS

Well-Known Member
Gotta admit.... I'm beginning to sense a death spiral :(.

1) Disney lays off major numbers of CMs - customers chose to not come, due to severely reduced staff...
2) Disney notes the lack of traffic.... and fires more staff ....
3) Repeat.

Not sure this will end well, for Disney....

Can't agree with this. Last I saw disney is approaching capacity for the upcoming Christmas season. There is no spiral, people are simply accepting no entertainment or extras. For every person like me who will not go back with the costs and lack of offerings, 3 are taking my place. I keep hoping something will bring it back, but it just seems to keep going further out.
 

Brer Oswald

Well-Known Member
That’s because Iger wants his status quo...which is frankly bad park stewardship. He won’t have that kinda pull moving forward
I assume by status quo, you mean the continuation of his business tactics.

But additionally (and I can’t definitively confirm this), I suspect that he really didn’t want to be upstaged by the next CEO. Chapek was a safe bet for that. The abrupt leave in February wasn’t the least bit subtle. The pandemic already closed down Shanghai, and the devastating impact on the Western economy was inevitable.

Combine the Chapek reputation with the uncontrollable failures of this year, and you have a CEO reign that will look increasingly worse than what preceded it. There is very little chance of Iger’s reputation getting “Iger’ed”, like Eisner’s reputation. Regardless of how great the next CEO is, the general audience will look fondly on Iger, and he will be consider one of the greatest company executives for the rest of his lifetime.
 

seascape

Well-Known Member
Wasn’t there something saying that Disney + wouldn’t start making profit until year 3?

So while it’s technically “making money”, it hasn’t replenished what they’ve spent on it. It’s seems like a good accounting trick to make it look like 2020 hasn’t been as bad as it has.
Disney grossly underestimated its size and growth. That was done intentionally so they could crush the numbers and then Covid19 helped speed it up a bit. Since they had 25 million customers in their first quarter, no one can say they didn't intentionally low ball their expectations.

Now on the profits and asset level. Disney+ may or may not own it's original productions. That is an accounting issue of where the profits and assets are applied within the company. It is a fact that they royalties paid to the studios for their libraries are an expense to Disney+ and an revenue source to the studios. This money will keep the studios extremely profitable for years to come. The only question is how much of the $4.52 RPU per month does Disney+ pay the studios? At the end of the quarter they had 73.7 million subscribers. So is Disney paying $1.00 a month to the studios or $2.00 a month. How much does it cost to operate Disney+ a month? They are probably paying Roku and other bundlers 20% or $0.90 a month per customer. On top of thaw t Disney does plan on spending several more billions a year on new shows, but remember shows are not an expense unless they are owned by the studios. It is that reason, I expect the full ownership of all the shows to owned by the studios. That way Disney+ can write off the full cost of production against their revenues and help the studios fund all their production costs.

Anyway, Disney+ will soon have over 100 million subscribers and 200 million worldwide by the end of 2025. Add in just under 50 million more US Hulu subscribers and hundreds of millions more Hotstar subscribers in Asia and we will see how smart it was to build this worldwide streaming operation.
 

Brer Oswald

Well-Known Member
Disney grossly underestimated its size and growth. That was done intentionally so they could crush the numbers and then Covid19 helped speed it up a bit. Since they had 25 million customers in their first quarter, no one can say they didn't intentionally low ball their expectations.

Now on the profits and asset level. Disney+ may or may not own it's original productions. That is an accounting issue of where the profits and assets are applied within the company. It is a fact that they royalties paid to the studios for their libraries are an expense to Disney+ and an revenue source to the studios. This money will keep the studios extremely profitable for years to come. The only question is how much of the $4.52 RPU per month does Disney+ pay the studios? At the end of the quarter they had 73.7 million subscribers. So is Disney paying $1.00 a month to the studios or $2.00 a month. How much does it cost to operate Disney+ a month? They are probably paying Roku and other bundlers 20% or $0.90 a month per customer. On top of thaw t Disney does plan on spending several more billions a year on new shows, but remember shows are not an expense unless they are owned by the studios. It is that reason, I expect the full ownership of all the shows to owned by the studios. That way Disney+ can write off the full cost of production against their revenues and help the studios fund all their production costs.

Anyway, Disney+ will soon have over 100 million subscribers and 200 million worldwide by the end of 2025. Add in just under 50 million more US Hulu subscribers and hundreds of millions more Hotstar subscribers in Asia and we will see how smart it was to build this worldwide streaming operation.
A few things:
1. Where are you getting these numbers from? Not that I don’t believe you, but the prediction of 200 million subscribers...where is that from?

2. Subscribers come and go. Many just subscribed for the period of the Mandalorian rollouts. Not everyone is sticking around.

3. Nobody is saying Disney + was a failure, or a mistake. Just that it’s success isn’t quite making up for the losses of the Parks. Unless you have reports that their initial 3 year break even plan was greatly overestimated, and they started making profit in less than a year.

Disney + will likely pay off, but they can’t solely rely on it just yet.
 

matt9112

Well-Known Member
Disney+, Hulu and Hotstar will more than make up for the loss of business from the parks. The 3 alone will also be worth more than the Netflix's marketcap. Hulu, ESPN+ and Disney+ currently have annual revenues of over $13 billion but that leaves out Hotstar and its hundreds of million streaming customers in India and Indonesia, plus they are expanding and even have customers in the US paying $44.99 a year. The future of streaming and the company's profits are in Asia even if China refuses to open up its streaming market. That is the real reason Disney sent all that money on Fox, the crown jewel was Hotstar and Fox's business in Asia.

That has nothing to do with the parks that just tells me the company will countinue to exsist.
 

seascape

Well-Known Member
A few things:
1. Where are you getting these numbers from? Not that I don’t believe you, but the prediction of 200 million subscribers...where is that from?

2. Subscribers come and go. Many just subscribed for the period of the Mandalorian rollouts. Not everyone is sticking around.

3. Nobody is saying Disney + was a failure, or a mistake. Just that it’s success isn’t quite making up for the losses of the Parks. Unless you have reports that their initial 3 year break even plan was greatly overestimated, and they started making profit in less than a year.

Disney + will likely pay off, but they can’t solely rely on it just yet.
The RPU is straight from the reports.

Dusney+ is $4.53
ESPN+ is. $4.59
Hulu is. $12.59
Hulu with TV is $71.90

The customer count
Disney+ 73.7 million
ESPN+ 10.3 million
Hulu. 32.5 million
Hulu w TV. 4.1 million.

Now hotstar isnt reported separately and I wish I had those numbers. I can tell you I gave a friend a yearly subscription for $44.99. It also only cost $1.00 a month in India for the plain Hotstar service. All the number I gave are public except how much Disney+ pays the studios.

On to their saying Disney+ would lose money until 2024 when they expected 60 to 90 million customers and would reach profitability. They said in their conference call they ended the quarter with 73.7 million customers and would provide an update in December at their media day. They had already been marketing in Latin America for their opening of service there. Those numbers will be given shortly. Disney should announce at that event that Disney+ is now profitable after only 1 year of service. Now, I know they lost money i. their first 12 months of service, everyone knows that. What I have been saying in from October 2020 onward, it is clear unless they completely lied about their expenses that Disney+ is profitable on its Division accounting and that compared to what Netflix was paying Disney it was additive to profits earlier.
 

Brer Oswald

Well-Known Member
I don’t think they will ever reach that but it’s impossible to predict the future.
Cumulatively, absolutely they will. At once? That’s a different story.

And I suppose that would be another question regarding the statistics. Are we looking at number of subscriptions purchased in the service’s lifetime? Or at once? Do we include repeat subscribers? 3 month subscribers in the same class as 12 month subscribers?

It becomes a more complicated statistic the more you look into it
 

TrainChasers

Well-Known Member
Cumulatively, absolutely they will. At once? That’s a different story.

And I suppose that would be another question regarding the statistics. Are we looking at number of subscriptions purchased in the service’s lifetime? Or at once? Do we include repeat subscribers? 3 month subscribers in the same class as 12 month subscribers?

It becomes a more complicated statistic the more you look into it
Oh yes I meant all at once.

Streaming is going to be really interesting to watch in the next few years.
 

Brer Oswald

Well-Known Member
The RPU is straight from the reports.

Dusney+ is $4.53
ESPN+ is. $4.59
Hulu is. $12.59
Hulu with TV is $71.90

The customer count
Disney+ 73.7 million
ESPN+ 10.3 million
Hulu. 32.5 million
Hulu w TV. 4.1 million.

Now hotstar isnt reported separately and I wish I had those numbers. I can tell you I gave a friend a yearly subscription for $44.99. It also only cost $1.00 a month in India for the plain Hotstar service. All the number I gave are public except how much Disney+ pays the studios.

On to their saying Disney+ would lose money until 2024 when they expected 60 to 90 million customers and would reach profitability. They said in their conference call they ended the quarter with 73.7 million customers and would provide an update in December at their media day. They had already been marketing in Latin America for their opening of service there. Those numbers will be given shortly. Disney should announce at that event that Disney+ is now profitable after only 1 year of service. Now, I know they lost money i. their first 12 months of service, everyone knows that. What I have been saying in from October 2020 onward, it is clear unless they completely lied about their expenses that Disney+ is profitable on its Division accounting and that compared to what Netflix was paying Disney it was additive to profits earlier.
See my above post. It’s less about number of subscriptions, and more about “money earned”.

I’m not sure if they can lie about the profit, but they can twist words to make it seem like a bigger success than it might be. I’m willing to bet that a good chunk of their subscribers cancelled right after the Star Wars show, and only just renewed for the new season.

Subscriber count is a shaky statistic, you have to look at money earned.
 

seascape

Well-Known Member
Yes. So that’s where my confusion comes in on Disney’s statement. Is it “we have 70 million subscribers at this moment in time”? Or is it “we’ve had 70 million subscribers since the launch of the service”?
They has 73.7 million paying customers at the end of the quarter. They have had many more because there have been some that dropped the service.
 

Brer Panther

Well-Known Member
Combine the Chapek reputation with the uncontrollable failures of this year, and you have a CEO reign that will look increasingly worse than what preceded it. There is very little chance of Iger’s reputation getting “Iger’ed”, like Eisner’s reputation. Regardless of how great the next CEO is, the general audience will look fondly on Iger, and he will be consider one of the greatest company executives for the rest of his lifetime.
A reputation that he, to be honest, doesn't deserve.

And didn't Iger return to the company back in May? Perhaps even earlier? He's the one pushing for the Splash Mountain retheme, right?
 

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