News Chapek FIRED, Iger New CEO

[flynnibus]

Riiiight....

So when do we get to find out what crisis will "cause" the cuts next year?

Do you even run your own household's budget?

Are you seriously trying to argue that runtime conditions DON'T impact operational and spending plans?

I mean.. it's not even about trying to prove it to you... you can't see what is right in front of you in the parks after these years nothing will convince you. I'm just trying to figure out what bizarre train of thought you even have to suggest that OpEx is some rigid thing that is always 'obligated' to run at maximum efficiency without variation.

 

[el_super]

But that also gives them the power to cut back and run at less than optimal conditions if they so choose. The magic is in balancing those two conditions to protect the perception without being wasteful all the time.

I do understand this, and I also understand its far more complex than any of us can fully understand. It's just bizarre to see so many people so sure of how Disney operates that they can claim parks are closing early due to budget cuts... While other parks are opening earlier.

 

[flynnibus]

I do understand this, and I also understand its far more complex than any of us can fully understand. It's just bizarre to see so many people so sure of how Disney operates that they can claim parks are closing early due to budget cuts... While other parks are opening earlier.

Because of decades of experience and dialogue with people who actually are in the know in the organization and simple common business sense. This is not cloak and dagger stuff... Disney does not live in some alt universe. It's ran by business people and organizations that have thousands of people that communicate plans and intentions.

 

[el_super]

Do you even run your own household's budget?

You do realize a Disney park isn't like a house right?

 

[flynnibus]

You do realize a Disney park isn't like a house right?

Ok, I'm done with you. You don't even have the ante to be at the table.. let alone judge play.

 

[Darkprime]

I wonder if well ever find out who else was in the running. Would be interested to know.

 

[mikejs78]

What's been reported by... the anonymous insiders on the internet?

Steve is hardly anonymous. And he has proven reliable based on his track record.

 

[Sirwalterraleigh]

An amusing craftsman and dishonest tradesman if you ask me. And I'm from Pittsburgh.

Straying too far off topic so I'll leave it. Feel free to PM to discuss art criticism further though.

Let’s Go Pens!

Viva la Kennywood!

 

[Sirwalterraleigh]

So the cuts that occured before the parks in China closed were what exactly? The mistake here is attributing cuts to the closure of the Chinese parks. They're not, because thats not how this works.



Absolutely, but when folks start claiming that Blizzard Beach is going to be closed because of budget cuts, the only way that makes sense is if running Blizzard Beach was costing them more than was coming in. And if that was true, why would it be open (costing them money) if the chinese parks were open?



It isn't up for debate, but only because it isn't true.



Those instances you speak of, where this happened before... was that also caused by Corona Virus?

Maybe cuts just happen, and trying to attribute them to the crisis of the day is silly. And if there is such a big concern about cutting, why are long term projects like Epcot and and the new DCL ships continuing?

Now here I do agree with you (not so much the other recent college grad bravado )

Cuts are done domestically to serve their own financial interests and are usually independent of other operations. Disney fans take solace in blaming things like Shanghai and Paris when they just don’t feel compelled to add anything in the US. It’s a mental security blanket of sorts.

China is a big concern - more for the disruption of their sweatshop lines than the parks - but it’s being presented that if China is closed...owned by the politburo...then they can’t make payroll in Anaheim.

 

[lazyboy97o]

At the most basic level, Disney isn't going to risk disrupting revenue by closing parks or reducing offerings because they are concerned about missing targets. That's absolutely not how it works.

It is exactly how it is done and is well documented.

 

[el_super]

Steve is hardly anonymous. And he has proven reliable based on his track record.

Steve isn't the primary source here. He's just posting what hes heard from other sources that want to remain anonymous. There's nothing wrong with that, but the problem is that anonymous sources can't be vetted against what they know and how they know it. They cant be cross examined. For all we know they are bus drivers.

It is exactly how it is done and is well documented.

Where? WSJ? Business Insider? Maybe even just HuffPost? I may have legitimately missed where Disney announced they were cutting to make up for losses in China, so if it does exist I would be keenly interested in reading it.

 

[lazyboy97o]

Steve isn't the primary source here. He's just posting what hes heard from other sources that want to remain anonymous. There's nothing wrong with that, but the problem is that anonymous sources can't be vetted against what they know and how they know it. They cant be cross examined. For all we know they are bus drivers.



Where? WSJ? Business Insider? Maybe even just HuffPost? I may have legitimately missed where Disney announced they were cutting to make up for losses in China, so if it does exist I would be keenly interested in reading it.

And there it is all neatly wrapped up in one post. You’ll deny the validity of any source to maintain your narrative. Even the Wall Street Journal uses sources.

 

[wdwmagic]

Steve isn't the primary source here. He's just posting what hes heard from other sources that want to remain anonymous. There's nothing wrong with that, but the problem is that anonymous sources can't be vetted against what they know and how they know it. They cant be cross examined. For all we know they are bus drivers.

I am careful with what I post both on the front page of the site and in the forums. I speak up when I have concrete info from sources who have been proven reliable for tens of years.

 

[THEMEPARKPIONEER]

He stepped down so he could sell all his stock.

Well he found the right deserving scumbag to dump his upcoming mess on

 

[THEMEPARKPIONEER]

Perhaps you're not a U.S. citizen and you don't know how primaries work? See below.




Indeed. In order to have a serious run for presidency, you'll need to be the candidate chosen by either the Republican or Democratic Parties.

The Democrats have already started voting in several states for the delegates at the national convention. At this point, if Iger would want to win at the convention, he'd have to start being listed on the ballots of the upcoming state primary elections. And there's been zero work done so far to make that happen. No exploratory committee. No fund raising. No collection of signatures to get on ballots. No declaration with the federal voting commissions.

None of that has begun. It is way too late to have a chance to win enough delegates at the Democratic National Convention.

Being chosen from a deadlocked convention or *successfully* running as an Independant is the pipe dream of the criminally insane. Or, a conspiracy nut who thinks that someone making a surprise run at the presidency does so not by leaving their job, because Iger hasn't, but by getting themselves promoted in it. The Disney board would never allow their Chief to remain on the board while running for president.

It was more of a joke towards him and the the candidates where being presented with. Seems like everyone wants to jump in last minute

 

[Darkprime]

And Disney stock just keeps falling. Now at $118 down from $128 yesterday. If the market is reacting this badly will Disney go back on this hire and look at someone else?

 

[MisterPenguin]

And Disney stock just keeps falling. Now at $118 down from $128 yesterday. If the market is reacting this badly will Disney go back on this hire and look at someone else?

Have you seen the Dow? If not, please stop commenting on how an individual stock is doing.

 

[Darkprime]

Have you seen the Dow? If not, please stop commenting on how an individual stock is doing.

Lol. Excuse me? Dont tell me not to comment on something.

 

[MisterPenguin]

Lol. Excuse me? Dont tell me not to comment on something.

Then what do you think of the Dis stock v. the Dow?

 

[el_super]

And there it is all neatly wrapped up in one post. You’ll deny the validity of any source to maintain your narrative. Even the Wall Street Journal uses sources.

I guess our definitions of "well" documented vary wildly. ¯\_(ツ)_/¯

I am careful with what I post both on the front page of the site and in the forums. I speak up when I have concrete info from sources who have been proven reliable for tens of years.

I know I have said this before, but I definitely want to stress that I appreciate what you do. I've followed this site for years and certainly you have a better reputation than most others.

I would still hope that people doynt take anything for granted and question and research information on their own (and sure that includes what I say as well).