That’s undeniably true; yet as we’ve discussed in other threads, people within the industry are starting to get concerned because although the company might as well print its own money, that money comes from IPs Iger has purchased and marketed heavily. In the case of Star Wars, he oversaturated the market.
I’m glad my stock is worth more than it was a decade ago. I’m not glad that his regime has begun cutting the company’s legendary quality and innovation to boost profits. To use WDW as an example, cost cutting and price hikes are now creating profit margins and making Wall Street happy; but how can the company expect to operate the WDW resort long-term if they’re slowly pricing out the majority of guests? That’s a ton of ground transportation, watercraft, entertainment, theme park, hotel, and support positions to operate. Price gouging produces short-term profits, not long-term sustainability.
But he’ll be gone before that catches up to him, and tbh, as long as Feige operates Marvel and Pixar produces hits, nobody on Wall Street will care about the parks.