I think you're right about his future. After he's gone, if/when Disney ends up having a major setback, I think people will point the finger at Iger, and justifiably so.
lol, yes and unfortunately they are very much what I call the "mtv" millenials. they want to live in a condo in Brooklyn, they can afford a small apartment outside of Temples campus. SMH
I do agree with this. I didn't understand that move
Agreed. It's painfully obvious they were just following what Universal had done instead of thinking for themselves. GE clearly fit better at DHS. I also think they just couldn't swallow the idea of not having one of their premier franchises absent from the park in their backyard.
You're probably right. I do tend to make the parks my entire view of Disney as opposed to just a part of the company. But I'd argue that the most loyal/fanatical Disney fans are the parks people like us. And looking at the company as a whole, I think they are in more trouble than you're giving them credit for:lol, yes and unfortunately they are very much what I call the "mtv" millenials. they want to live in a condo in Brooklyn, they can afford a small apartment outside of Temples campus. SMH
How was Iger brought in? I don't know his history. So as far as "destroying" Disney I do think it's very much who you ask.
Do you mean the parks or the company. There in lies the problem. You guys look at it from a "parks" view only. believe me, wall street and the share holders think the opposite. with his movie acquisitions and streaming platforms, it's a different ball game.
Once again you have to remember that there are thousands upon thousands of folks who don't give a flip about the parks who are making a nice chunk of change from his moves. He's the CEO of a company, that's his job. to make the company a crap load of money. So I'm not really sure what you think he doesn't "get" I do agree he does not have the love for the parks the way folks here do. I don't think they hired him for that.
Now every body quotes this "long term". what are we talking about? 5 year, 10 years, 50 years from now? the big unknown of course will be the economy. Yes a recession is coming but what will it be like. a mild recession where growth slows and the markets reset? or a repeat of 2007. a lot of folks are worried about the so called student loan bubble but the reality is no one really knows.
personally I don't think any thing Iger does is going to kill the parks, I think what will kill the parks is the over crowding. Now of course my view is from AARP ville but the folks I know will pay the price Disney ask IF and this is the big IF they have a good time. they will drop chunks of cash on little Johnny or Jane again IF they have a good time. people here have said they will gladly pay 200-300 a day ticket prices if they are assured of low crowds.
Isn't Iger slatted to be gone next year?
I'm not sure that is true, but time will tell, I guess. In the meantime, he will be on his island, counting his many piles of money and not giving a single damn about what happens to Disney, good or bad. Some units of Disney may fail, but it is pretty unlikely that unless something happens that stops people from wanting to be entertained it will go under. His legacy will be one of... "if it wasn't for Iger Disney would have been cut up and sold in sections a long time ago". I amazes me that so many people that have never run a company the size of Disney seem to know exactly what is beneficial or detrimental to that business. We just don't know and many of us cannot even balance a check book, (not that we have to anymore), much less have a clue.
I see it as the good old... "Rip the bandage off quickly, so it hurts less" system. The mistake was in not investing over the last decade, not the construction in every park problem. That is a side affect of the first thing. With all that is going on, if all they have had is a slip of 3% it is hard to see that as a huge problem.
I'm curious now - do we know if the 3% includes all of the additional hard ticket events? I could see a way to spin the numbers based on how you count - is a person with a day ticket and a ticket to a party one admission or two? There has always been some ambiguity to the actual numbers of warn bodies entering the parks since Disney doesn't release actual numbers ( as far as I know). I would really like to know the number (YoY) of unique guests entering the parks. Disney should know this number and it may be the one that actually is cared about by the numbers folks. What I mean is that 1 person entering for 10 days is probably not going to spend as much money as two people entering for 5 days each - though 10 people have walked into the parks.
No, we don't know. They said it was only domestic and he specifically mentioned Disneyland. It was very casually said and Disney never officially reports attendance numbers for parks.
I'm not sure that was a mistake at all. They probably were able to get tons of synergies by producing 2 of everything and knocking them out together. For my money, Disney hasn't made many strategic mistakes.
Um, was the mistake with mistake a mistake?
"I got GE appliances." Just FYI, GE Appliances was bought in 2016 by Haier, a Chinese electrical goods manufacturer. Ironically, most of GE's heavy products are now made in the USA of primarily US-manufactured components. You can see the break-out here. GEA still employs thousands of US workers still making quality products at facilities all over the country.
Iger was acquired with the ABC deal. He started as a self-admitted bad weatherman at a station in Ithaca, NY, and wound up as head of entertainment at the time of the acquisition.
variety.com
Or simply put more damn things in each of the existing parks. They have plenty of land for people to go. What they are missing are places for people to occupy once they get in. They constantly say that WDW is the size of Manhattan, yet Manhattan manages to cram millions of people, not just 20K or so in such a small space because they provided places for those people to be and not outside in the sun.
