The 2 billion is a sunk cost even if they never gain anything from it. It no longer matters in the big picture it is like John Carter and Lone Ranger... a mistake that cost them but it is the past and doesn't impact anything they are currently doing... it would only be an issue if you now had people saying they wouldn't go to WDW because of it... but that isn't the case. They will visit regardless, just as the Lone Ranger flop didn't mean anything to the parks neither will the cost of the Magic Plus.
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Can We Agree to Stop Complaining Disney About Prices? Let's Talk Value
- Thread starter Chef Mickey
- Start date
The 2 billion is a sunk cost even if they never gain anything from it. It no longer matters in the big picture it is like John Carter and Lone Ranger... a mistake that cost them but it is the past and doesn't impact anything they are currently doing... it would only be an issue if you now had people saying they wouldn't go to WDW because of it... but that isn't the case. They will visit regardless, just as the Lone Ranger flop didn't mean anything to the parks neither will the cost of the Magic Plus.
Cesar R M
Well-Known Member
Which I am not surprised of why Disney tries to cater the bloggers now, to paint a favourable spotlight for Disney.
Most people now check online reviews or follow bloggers than follow the usual "public" information channels.
Cesar R M
Well-Known Member
Disney is hardly "just" the park business.And yet WDW still had record profit and guest numbers last quarter. I guess they may know their business a wee bit better than you
Disney stock is up 9% in the last 3 months, that ain't too bad now is it
Seems the investors are pretty happy with the results you keep saying are so bad.
BTW Comcast is down 1% over the same timeframe.
Now what about the recent improvements to FP+ and the announcements of the moves of execs at WDW? Good stuff right? Things are moving forward.
You speak about guest not liking the new systems but then go on to say you can't eat at BOG because you can't get a reservation. I guess somebody is liking the new system, or reservations would be easy to get at BOG.
Your all over the place, maybe putting some clothes on would make you less cranky
that is the problem when you're watching the entire company and not their divisions.
Id rather have a Disney Parks vs Universal Park divisions.
as comcast is nowhere as big and as nowhere as broad as Disney.
exactly what I as thinking!
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BigTxEars
Well-Known Member
And if the naked guy over there wants to keep bringing up how MM is hurting Disney's bottom line then I think it apt to bring up the stock price, record profits of the park and the record number of guest don't you? And if he want to continue to bring up Universal as the threat to Disney while doing so then yeah their stock price matters.
And he wants to continue to talk about loss market share for Disney and then complain he can't get a seat in a Disney restaurant...
And if MM is half the money sink hole he says it is then he might want to explain this
http://www.streetinsider.com/Corporate News/All 10 Disney (DIS) Directors Re-Elected at Annual Meeting/9293488.html
Or maybe all those folks with huge amount of their money tied into the parks have no ideal what really is going on
He has posted a heck of a lot of his opinions, some two month old threads as proof of the failure of FP+ and some undocumented "facts" such as complaints at WDW are up about FP+.....which he has yet to back up with anything....
Well except for the fact that what other consider the way they like to visit WDW is in fact the wrong way to visit and what they like about the parks is in fact not worth liking....
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Matt_Black
Well-Known Member
And if the naked guy over there wants to keep bringing up how MM is hurting Disney's bottom line then I think it apt to bring up the stock price, record profits of the park and the record number of guest don't you? And if he want to continue to bring up Universal as the threat to Disney while doing so then yeah their stock price matters.
And he wants to continue to talk about loss market share for Disney and then complain he can't get a seat in a Disney restaurant...
And if MM is half the money sink hole he says it is then he might want to explain this
http://www.streetinsider.com/Corporate News/All 10 Disney (DIS) Directors Re-Elected at Annual Meeting/9293488.html
Or maybe all those folks with huge amount of their money tied into the parks have no ideal what really is going on
He has posted a heck of a lot of his opinions, some two month old threads as proof of the failure of FP+ and some undocumented "facts" such as complaints at WDW are up about FP+.....which he has yet to back up with anything....
Well except for the fact that what other consider the way they like to visit WDW is in fact the wrong way to visit and what they like about the parks is in fact not worth liking....
See, now HE knows how to link to credible sources.
crazynakedguy
Member
there are some big differences. Lone Ranger cost around 215 million to make 1/4 of the cost of My magic but earned 260 million world wide. Now disney doesn't get all of that probably only about 1/2 but then they will make some money off of TV and DVD sales.
My magic + is 2 billion with 0 income and then a continued upkeep cost.
Not to mention 2 Billion is more then a mistake. That's half of what they paid for Marvel and more then the cost to build Animal Kingdom and MGM combined.
crazynakedguy
Member
that source has absolutely nothing to do with what we are talking about.
Do you guys really not listen to the earnings calls?
Cesar R M
Well-Known Member
And if the naked guy over there wants to keep bringing up how MM is hurting Disney's bottom line then I think it apt to bring up the stock price, record profits of the park and the record number of guest don't you? And if he want to continue to bring up Universal as the threat to Disney while doing so then yeah their stock price matters.
And he wants to continue to talk about loss market share for Disney and then complain he can't get a seat in a Disney restaurant...
And if MM is half the money sink hole he says it is then he might want to explain this
http://www.streetinsider.com/Corporate News/All 10 Disney (DIS) Directors Re-Elected at Annual Meeting/9293488.html
Or maybe all those folks with huge amount of their money tied into the parks have no ideal what really is going on
He has posted a heck of a lot of his opinions, some two month old threads as proof of the failure of FP+ and some undocumented "facts" such as complaints at WDW are up about FP+.....which he has yet to back up with anything....
Well except for the fact that what other consider the way they like to visit WDW is in fact the wrong way to visit and what they like about the parks is in fact not worth liking....
no offence man, but have you tried to read what you write everywhere a few hours after you write it?
because you have been pointing fingers about how "anti disney" they are. but sometimes you get to prodisney levels that would make Mr. Thick proud.
But then, I understand people like Mr. Thick.. gives two s about the quality of WDW or the decaying of their services (and increasing pries of their hotels.. even if they are almost empty) as long WDW can be leeched (for lifestylers) or via stock value (like Mr. Thick).
But right now, more and more people are noticing that UNI is stealing the thunder of WDW in many aspects.. even if WDW is a "must go at least once in your life" thing.
As for values...
My point was; your opinions regarding Comcast vs Disney were way too broad.
Remember Disney is racking huge sums of money thanks to their MOVIE sector.. Marvel is doing incredible money wise.(also sparking renewed interest in the Marvel comic division). Lets not forget the new acquisitions and their increase value (with the hype for new movies like Star Wars)
It would take an insane or catastrophic economical damage to the park division to cause a severe drop in stock/value/money on Disney's coffers.
Let's not forget that the Parks division is hardly only WDW... they have DisneyLand (unsure if their Hotel divisions like Aulani also count as the Park divisions) also; other areas like DCL seem to be doing really well.
As for MM+ being a money sink. It all depends on the point of view.
For me, My Magic included REQUIRED and CRITICAL upgrades on an ageing, decaying and overloaded communication and networking infrastructure.. not just some magicbands (which I have said many times but some people just claim that "2 billion is insane for just some wifi towers and ipads" when I really expects huge backbones, intercommunication, change of servers, change of systems, migration..etc..) I would just have loved to heard Iger say the truth that the backbone of WDW was collapsing due of being too old, antiquate and that.. not hide the magical world "we will recoup and magicbands will generate XXXX money".
They have to implement a lot of things on the magicbands and mm+ to make things generate money in the way they claimed.
As for Magicbands, Id say they have insane potential if done correctly.
From simple machines that can generate custom welcomes, custom souvenirs or stuff like that (with your name, age.. etc..) in hotels , restaurants and gift shops.
They could also expand and do other things.
like for example.. I imagined them to stop making the transportation sector in WDW free for all. (buses, ferries..etc..)
They would be free for those who HAVE a magicband. if they do not have magicband.. they sell the magicband to the clients..
the money gathered could also be used to renew and maintain both the bus systems and the monorails..
also gather even more information of the client's movements (and the status of the public movements, tastes..etc..)
For now, I do not see Disney racking money with the magicband system due of the delays and how crude they have implemented VERY FEW improvements with them.
But Id say the applications of that can be limitless if someone has a brain and good imagination.
Matt_Black
Well-Known Member
Oh, so apparently we can link to anything and call it proof? AWESOME. This is indisputable proof that MyMagic+ is a success! Behold!
Look how happy that doggie is! He was just told about all the features of MyMagic+!
Goofyernmost
Well-Known Member
Just a simple thought here... investing in rides and entertainment are considered profit based investments. Any accountant will tell you that there are base line costs that are not profit specific. They are huge investments that are amortized over a number of years. When spread out over the life of the asset, it becomes much less of a financial burden because it then is a real property deductible and helps lower tax expense over those years. It is a cost of doing business that might not be able to track any type of absolute income, it does, hopefully, spawn other areas to increase their general profit. That profit is then considered the profit of that cost center even though it was obtained by implementing a non-profit support system. That is what MM+ is, IMHO!
Goofyernmost
Well-Known Member
I think she was just laughing at that "nails on the chalkboard" voice that is speaking to her. It's probably more of a pained expression then smiling.
Matt_Black
Well-Known Member
crazynakedguy
Member
oh fanboys... sad thing is you don't realize you do more harm then good.
Matt_Black
Well-Known Member
And there we go. When you can't actually back up your argument with facts, you resort to name-calling and insults. I think I'm done with this. Have a good day!
crazynakedguy
Member
wait.... seriously you have the guts to say that I'm the one who resorted to insults?
BigTxEars
Well-Known Member
And no offense to you but we are talking about WDW on this thread, and the link I provided showed that WDW itself had record level of guests last quarter. Not sure how much clear it can get than that regarding the performance of the parks in Orlando. And one step more we are talking about the value of WDW today, I would think record guest levels says something about the value a record number of guest think WDW holds for them. Wouldn't you?
We have record number of guest, very large revenue gains, increased guest speeding at the parks, a booming stock price and a board of directors who have the complete support of the people who have huge amounts of their personal money tied into the Disney parks. All of this documented, so yeah I am pretty pro Disney about that
And to top it off the offer I had in for 50 DVC points did not pass the right of first refusal at Disney yesterday. They bought the points themselves so I am guessing the DVC side of the business at WDW is doing pretty well right now too
And read the link I provided the parks overall are booming
"Profits at the company’s U.S. and overseas theme parks and resorts rose a strong 17 percent, to $2.2 billion. More visitors came to parks in Anaheim and Florida, spent more money and stayed in hotels more nights"
It's not only the movie division driving the profits...
crazynakedguy
Member
and all of that would still be happening if they never added My Magic +And no offense to you but we are talking about WDW on this thread, and the link I provided showed that WDW itself had record level of guests last quarter. Not sure how much clear it can get than that regarding the performance of the parks in Orlando. And one step more we are talking about the value of WDW today, I would think record guest levels says something about the value a record number of guest think WDW holds for them. Wouldn't you?
We have record number of guest, very large revenue gains, increased guest speeding at the parks, a booming stock price and a board of directors who have the complete support of the people who have huge amounts of their personal money tied into the Disney parks. All of this documented, so yeah I am pretty pro Disney about that
And to top it off the offer I had in for 50 DVC points did not pass the right of first refusal at Disney yesterday. They bought the points themselves so I am guessing the DVC side of the business at WDW is doing pretty well right now too
And read the link I provided the parks overall are booming
"Profits at the company’s U.S. and overseas theme parks and resorts rose a strong 17 percent, to $2.2 billion. More visitors came to parks in Anaheim and Florida, spent more money and stayed in hotels more nights"
It's not only the movie division driving the profits...
Raising prices and cutting staff tends to lead to short term profit gains
Key point though they are losing market shares
copcarguyp71
Well-Known Member
They lost our money for the next three years at minimum...due to lack of value.
Matt_Black
Well-Known Member
Lack of perceived value.
BigTxEars
Well-Known Member
Facts just don't matter to you do they?Have a nice day, I really see no point is continuing to debate with you, your mind was made up before the thread was even opened.