BrianLo
Well-Known Member
To what extent is that “softening” on the parks and to what extent is it a growing concern for his physical legacy? And are those different?
We differ in our interpretation on this. Spending promissory is a lot higher than it has ever been and in earnings calls the focus on capital expenditures in the parks is higher than it has ever been. Very consistently for a couple years now.
Parks being sold as growth vehicles is a new position he has taken. That doesn’t mean he ‘likes’ the parks, but he has grown softer on them. I think it’s fair to say Iger is very much a media guy through and through. His preference has always seemed to gravitate towards hob knobbing creatives. Which he is generally good at. Output be damned, there is a clear consistency that creatives seem to like him.
He’s been in all of the parks for non photo op buisness a lot more than he has ever been.
I think softening is a meek word to use, mild pivot. I’m not suggesting this is a come to Jesus moment, but we have a different Iger in 2025 than 2005, who frankly surrounded himself with people caustically antagonistic to the parks as a real growth businesses in the past.
He’s definitely not softened on Parks being their own independent form of art. But his IPing is more a consistency across the board strategy for him that’s fairly unflinching.