GoofGoof
Premium Member
For Disney, yes. The 3 years of costruction is about on par for their recent projects of this scale.Partnership between Disney and Cameron was announced on Sept 20, 2011. So about 5.5 years from that announcement. The mistake was announcing the land before any planning of what the land would involve was completed. Groundbreaking was January 10, 2014. Thus a little over 3 year build time, which is a little on the long side.
With that in mind, isn't 5 years a typical time frame from blue sky to finishing construction for large projects like this?
There is a good chance they had to disclose the arrangement in their SEC filings anyway because DIS is a publicly traded company and they were entering into a significant contract with a 3rd party. I'm not sure if this contract would be considered material enough to require disclosure but it most likely would. TWDC fiscal year ended 9/30/11 and the 10K for 2011 has a disclosure that the rights to Avatar were purchased and Avatarland was planned for AK. I believe the disclosure of the contract itself was required but they probably didn't need to specify it was for AK. Sometimes the pesky accounting rules get in the way of a good conspiracy theoryYes. 5 years is about right from conception to completion. But I believe Disney was too quick to announce the project. It was an obvious attempt to pull back guest interest after IOA opened Harry Potter just a year before. More guests were leaving Disney property for a day to check out HP. I don't blame them for wanting to try and pull interest back but the Avatar idea seemed like a random choice to some people. And now the movie has pretty much been forgotten by most. Perhaps they should've stuck with the original Beastly Kingdom idea where there wasn't a movie tie in. But, you know...this is Disney. Gotta make that $$$.
Edit: This is similar to the situation with Universal and Nintendo. They publicly disclosed the relationship when the agreement was signed in 2015 because they had to, but the first Nintendo land (in Japan) isn't expected to open until 2020.
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