"Leaner, meaner magic". They should go with that.Oh absolutely. Movie theaters began suffering from that and now to same extent cable. Cable has gotten so expensive and with the new streaming options people are cutting the cord. One thing I will say is that the mouse people do exceptionally well is marketing. They've marketed their product to the point where it's almost a right of passage for parents to take their kids to Disney at least once.
I think the next few years we will see Disney running lean and tight. It's going to take a while for anything in the entertainment business to bounce back. I'm a NYer. Broadway is in the toilet, the met opera house is contemplating shutting down and the list goes on jazz concerts, music fares, you name it.
My company has already had 1 furlough, offered a nice buyout package to get a bunch of folks to jump ship AND the CEO has already said 2021 will not be pretty.
I'm very curious to see how Disney does going forward. They traffic in nostalgia. And I just think there are so many competing childhood franchises that coming generations won't continue to see it as a rite of passage.
Now if Universal gets Nintendo up and going, I could see that as tapping into more of a shared childhood memory.