CNN Speculates on Business Impact During Search

[Tom P.]

I just had to post this. CNN has actually run an article speculating on whether the string of tragedies over the past week will affect Disney's business and stock price. While I can understand that's a concern, they have posted this article while the search for the missing 2-year-old is still ongoing.

This family is still anxiously awaiting the results of the search and praying for a miracle, as are many of us around the world. In the midst of that, to run an article entitled "Tough Times for Disney" and speculate on how these events may hurt Disney's stock price and overshadow Shanghai's opening seems incredibly callous and insensitive to me. While I shouldn't be surprised by anything the news media does these days, I still find it outrageous.

http://money.cnn.com/2016/06/15/investing/disney-orlando-stock/index.html

 

[Wikkler]

I just had to post this. CNN has actually run an article speculating on whether the string of tragedies over the past week will affect Disney's business and stock price. While I can understand that's a concern, they have posted this article while the search for the missing 2-year-old is still ongoing.

This family is still anxiously awaiting the results of the search and praying for a miracle, as are many of us around the world. In the midst of that, to run an article entitled "Tough Times for Disney" and speculate on how these events may hurt Disney's stock price and overshadow Shanghai's opening seems incredibly callous and insensitive to me. While I shouldn't be surprised by anything the news media does these days, I still find it outrageous.

http://money.cnn.com/2016/06/15/investing/disney-orlando-stock/index.html

If anything, I think it will go up. Sure, on opening on June 13th, it was down, but it seems to have picken up already, and there's the openings of Shanghai, Soarin', and Frozen Ever After to possibly drive the stock over 100.

 

[SorcererMC]

I don't know. the video attached to this article is all about the missing boy and the search for him and not about the stock price.

 

[CastleBound]

While we all should be focused on the search for the child, there's not much more we can do from our computers. I think many who cannot possibly be involved wonder how this will affect the company. Yes, it's a tough call and we are all concerned about the child, but I think many of us are concerned about the company's reaction to these events.

Trust me, I'm extremely saddened by all the events over the past week, but at the same time, they don't directly affect me. I think Orlando's direct decisions will affect the average park goer more than the actual tragedies in the long run.

 

[Tom P.]

I agree that the business impact on Disney of all these events is a legitimate concern for many, and a legitimate topic of discussion. However, surely CNN could have held that article until after the search operation was concluded. It's as if in the midst of the family's panic and grief, CNN is saying "yes, but how will this affect Disney?" Just seems like some poor timing to me.

 

[Hakunamatata]

You would expect something other than sensationalism from CNN?

 

[Bolt]

People also plan Disney vacations far in advance, so a lot of it is locked in at this point.

 

[Bocabear]

there is already one person on this thread saying they are going to cancel their Disney Vacation over the Gator attack...But i suspect most will not...and the point should be made over and over about how rare and freakish this event was....

 

[Kman101]

Eh, I don't see a big hurt, TBH. And it's summer time, they're only going to get busier. Other things will hurt their business, such as lack of investment, taking forever for things to get built, raising prices being they key one and guests not feeling a return investment. Yes, things are happening, rides will be built, etc. but the price increases and upcharges are getting out of control. That's going to drive guests away (slowly, and even then I don't see it being a big impact). I know we all like to speculate "what if" with Disney, but I just don't see the other shoe dropping. It would take a major disaster to impact Disney and their parks. JMO. People will want to go and will find a way to pay those prices.

I just shake my head at the news anymore. It's the worst. They want you scared and so many times facts aren't accurate. Heck, local news can't even properly report on new rides or additions coming to Disney.

 

[asianway]

there is already one person on this thread saying they are going to cancel their Disney Vacation over the Gator attack...But i suspect most will not...and the point should be made over and over about how rare and freakish this event was....

You really shouldnt be leaving your house if this makes you call off a trip. Good idea

 

[Bairstow]

It's a valid question.
Layoffs could be on the horizon for a lot of Orlando families in the wake of back-to-back tragedies.

Places like Orlando could provide jobs for people because they're supposed to be places for the world to go and escape this kind of sadness.

 

[oceanbreeze77]

You really shouldnt be leaving your house if this makes you call off a trip. Good idea

I wouldn't say that but right now the nation is numb. People will cancel their vacations because theres a feeling of gloom or uncertainty. It happens. I mean I probably wouldn't, I went to paris right after the attacks.

 

[Goofyernmost]

Let's not get too dramatic about it. The two things that happened, although awful, will not affect Disney in any measurable way. People may not go to nightclubs as much, at least for awhile and parents will probably make sure that their children stay well away from the water after dark, but, other then that, it was just a very unfortunate accident. We wouldn't think it was possible in a place like WDW, but, WDW is located smack in the middle of nature. The odds of anything like that ever occurring again, or even when it did, is really incredibly low. They do need to find and somehow identify the alligator that was involved and either send it off to the big swamp in the sky or relocate it into the Everglades where it can live a natural life away from people.

 

[WondersOfLife]

You'd think after that gorilla incident, people would watch their children more cautiously.. At least for a while. Nope. A freaking child tragedy has to get the message across. Sad times.

 

[WondersOfLife]

http://mobile.nytimes.com/2016/06/1...mtyp=cur&_r=0&referer=https://www.google.com/

Body was found. Boy was "wading in the water." Family was too far away to save him.

 

[**Stacy**]

People have short memories. The alligator attack won't influence attendance. If there was some sort of copy-cat crime at either of the two US Disney parks you would see vacations canceled. Any other act of terror/violence near any Orlando-area attraction is going to hurt Orlando/Florida long term not just WDW.