I think the key word that seems to be missing at Disney is "balance." And from the books I've read, on average, Roy was Walt's "balance." Walt was the creative one and Roy was the fiscally conservative one. Walt always wanted the next technology, and the next new "thing," which is why the company was almost bankrupt several times. But Roy, by himself, would have been a failure. But as a team, they were awesome.
Today, there doesn't seem to be a perceived balance in the Disney corporation.
I own Disney stock, so I can appreciate the fiscal side. But when, for the last several years, all I see are service reductions, I see a long term impact. When I hear Disney indirectly say, we are going to be one of the most "woke" corporations, again, I see a long term impact. And when Disney continues to increase prices much faster than inflation, I see a long term impact. And lastly, when I see Disney treating it's most faithful annual passholders poorly, the same. I'm sure it's only a few percentage points for each of the above items, but together they add up.
The last time I was at Disney, and looked at souvenirs, was probably 5 or 6 years ago. And the quality vs. the price was horrendous. High prices and really low quality. This is not the Disney that I knew from 25 years ago when I had annual passes. So the last time I was there, I didn't even go into the shops to look around.
Will I go back to Disney, sure. But will I go as often as in the past? That's the question.