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News U.S. Travel Association whose members include Disney asks for government investment of billions of dollars to stabilize the travel industry

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Lilofan

Well-Known Member
Kamikaze said:
And any service that has to do with death, like body bag makers and funeral homes.
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FEMA requested 100,000 body bags from the Pentagon. These body bags are called military pouches. These are used to pick up military remains of military killed in action.
 
C

celluloid

Well-Known Member
Kamikaze said:
And any service that has to do with death, like body bag makers and funeral homes.
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Actually Funeral Homes can and have taken a hit because of the gathering guidelines. If there are not as many gathering or attending funerals out of fear or concern of catching the virus, than not as much money is put into the service by the next of kin or loved ones.

While it is a somewhat secure business, morbid jokes aside, it hurts like everyone else because it is a social business based service.
 
raymusiccity

raymusiccity

Well-Known Member
Josh Hendy said:
Let's simplify things and just list the industries that WON'T be asking for a special bailout

- N95 masks
- medical ventilators
- malaria drugs
- err ... that's it
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There hasn't been any figures posted to put the loss of business into context. We should ask to see what Disney (or any company) declared as profit for the year. Let's ask how much loss could they absorb before reaching a break even point. I don't think we should be bailing anyone out to the levels that were generating huge bonuses for the upper executives. :rolleyes:
 
note2001

note2001

Well-Known Member
Case in point. Data as of today for the US:

1586113074624.png
 
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THEMEPARKPIONEER

THEMEPARKPIONEER

Well-Known Member
I pay enough to go there as it is, if my tax dollar is going into the Disney company they better put those prices back down to the way they used to be. Disney needs to slow it down a bit as it is. They need to go back to their old ways and maybe this is just what they need. They were starting to go over the top and killing the soul of the parks.
 
peter11435

peter11435

Well-Known Member
disney4life2008 said:
Struggling
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Really?

Parks and Resorts has 12 theme parks, 4 cruise ships and dozens of resorts around the world sitting closed at the moment. All while continuing to pay tens of thousands of employees for the first 5 weeks and ongoing overhead costs for those properties that will not go away even after those 5 weeks. Combined with the uncertainty of how profitable and costly reopening will be.

All Disney Stores are closed and while other retailers selling Disney and Disney licensed products may remain open, unless they are food, health or essential supplies they largely aren’t moving off the shelf.

With movie theaters closed worldwide there is no box office revenue. Multiple films already pushed back or releases cancelled. With production stopped on new content not only is the studio seeing significant impact currently it will stretch out due to delayed production.

ESPN has no content to air that people care about at the moment and ad revenue across the media network and cable industry is down. And all media outlets will continue to see issues with lack of content creation on the near term.

Disney+ is adding subscribers but will still not be profitable for a few years and many of the subscribers you do have signed up for long term, discounted or free deals at the start.

So exactly where are they not struggling?
 
disney4life2008

disney4life2008

Well-Known Member
peter11435 said:
Really?

Parks and Resorts has 12 theme parks, 4 cruise ships and dozens of resorts around the world sitting closed at the moment. All while continuing to pay tens of thousands of employees for the first 5 weeks and ongoing overhead costs for those properties that will not go away even after those 5 weeks. Combined with the uncertainty of how profitable and costly reopening will be.

All Disney Stores are closed and while other retailers selling Disney and Disney licensed products may remain open, unless they are food, health or essential supplies they largely aren’t moving off the shelf.

With movie theaters closed worldwide there is no box office revenue. Multiple films already pushed back or releases cancelled. With production stopped on new content not only is the studio seeing significant impact currently it will stretch out due to delayed production.

ESPN has no content to air that people care about at the moment and ad revenue across the media network and cable industry is down. And all media outlets will continue to see issues with lack of content creation on the near term.

Disney+ is adding subscribers but will still not be profitable for a few years and many of the subscribers you do have signed up for long term, discounted or free deals at the start.

So exactly where are they not struggling?
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Sorry still don't agree. Disney will survive. There are numerous other companies that will unfortunately die after this. Nice argument though.
 
peter11435

peter11435

Well-Known Member
disney4life2008 said:
Sorry still don't agree. Disney will survive. There are numerous other companies that will unfortunately die after this. Nice argument though.
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You don’t agree that nearly every business Disney is in has been significantly impacted by this event? Or you don’t agree that many of those business are currently losing money? Because both are fact. Disney as a huge company with multiple businesses was well positioned to handle most issues. However nobody foresaw an event shutting down everything. No company, not even Disney can survive extend periods of losing money. If this continues on too long Disney very well would be one of those companies that die after this. They will ultimately run out of money and take on too much debt.
 
L

Lilofan

Well-Known Member
peter11435 said:
You don’t agree that nearly every business Disney is in has been significantly impacted by this event? Or you don’t agree that many of those business are currently losing money? Because both are fact. Disney as a huge company with multiple businesses was well positioned to handle most issues. However nobody foresaw an event shutting down everything. No company, not even Disney can survive extend periods of losing money. If this continues on too long Disney very well would be one of those companies that die after this. They will ultimately run out of money and take on too much debt.
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The 77K full time and part time cast pre corona working at WDW won't be the same 77K workforce when business levels are different and restructuring and consolidation are not just buzzwords.
 
disney4life2008

disney4life2008

Well-Known Member
peter11435 said:
You don’t agree that nearly every business Disney is in has been significantly impacted by this event? Or you don’t agree that many of those business are currently losing money? Because both are fact. Disney as a huge company with multiple businesses was well positioned to handle most issues. However nobody foresaw an event shutting down everything. No company, not even Disney can survive extend periods of losing money. If this continues on too long Disney very well would be one of those companies that die after this. They will ultimately run out of money and take on too much debt.
Click to expand...

Let's be honest honest. There are companies that will die but many will survive. Airlines for example, not all will survive. Theme parks, Disney and universal are safe. Sea world long term probably not.
 
note2001

note2001

Well-Known Member
Disney is diversified enough that it will come back strong. Even if the cruise industry all together were to capsize (which it won't as humans will continue to sail despite everything) Disney has hold in publishing, media, online stores and more. The theme parks and resorts don't account for even 50% of Disney's value. ESPN will come back stronger than before, and Disney+ is still just getting rolling.

With some creative restructuring (cue Iger) the theme parks will come back fine.

Do they need a bail out? Probably not.
Will they take one? Of course they will.
 

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