Correct. You said revenue and I quoted it as if you said profit.
This is probably the key issue.
But if there were no operating income would there be a need for a Chief Operating Officer to keep an eye on the income?
Given what the US wants it for, the locals overwhelmingly not wanting the US to own it and the climate in general, I am going to go with never.
Netflix lacks diversification. Streaming is having a moment. What happens when/if the world moves onto something else.
As a frequent visitor to WDW, I think this is mostly bunk. In the last nine years, hurricanes have closed the parks six times--sometimes for a longer period than the 2024 hurricane. In 2022, Disney World closed two separate times for two hurricanes. In recent years, large hurricanes to Central Florida have been more common. So one closure for one hurricane should be squarely within the realm of a standard Q4 or Q1 experience now for Disney. This would be like me saying, Hey, it took me longer to get home today after work because there was traffic--as there's heavy traffic most days here at 5pm. Nothing new.
I think the world already is. I’m a Disney fan and thought Disney+ had good content - but I really don’t have that much time to watch it and when I do have time I can look up stuff to watch on YouTube for free.
This sounds like a misunderstanding on how quarterly reports work.
I believe the thing that is not being said is this: the pandemic period further decreased the middle class and increased the wealth of those in middle/upper to upper categories. Disney does not specifically target the wealthy as a sector--those people tend to end up at Four Seasons or Ritz, not the Contemporary. But to the point: Disney seems to be saying that it's more profitable to focus on middle-upper households, as they spend more per cap, than on also creating ways for lower-middle families to come to Disney World. It's a repositioning on the wealth standing of the target customer which has a byproduct, also, of lowering attendance. And honestly, I think this strategy is very shortsighted, as Disney, for decades, has widely cast a net toward all families knowing that some of the kids will be hooked for life. Now that net is smaller. We can loop back in 20 years and see how it played out.
I didn't say video was a moment. Video has gone from air waves to cable to VHS to disc to downloadable options to streaming. I said streaming is having a moment. And I fully expect some new version of video delivery in fifteen or so years.
There were DVDs and Blu-Rays for at least two Stranger Things seasons.
Methods of dominant delivery have changed every 15 or 20 years since the start of video. Yes, streaming is a massive change. I don't think it actually changed physical media--digital downloads mostly did physical media in before the big boom in streaming in or around 2018/2019. But also, in that, the audience--or some of them--is moving away from scripted productions entirely, which is the center of streaming. My kids are far more interested in YouTube than any studio streamer. All I'm saying is that these things are in an ongoing state of flux and to recognize that streaming is the center of distribution now, but that will likely change in the mid-2030s.
What’s going to happen in the mid-2030s ?