BrianLo
Well-Known Member
It never has. The Entertainment segment of the company was still profitable last fiscal year. Linear made up the slack.
Though I guess technically the parks bought out the rest of Hulu, in part.
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News Disney plans to accelerate Parks investment to $60 billion over 10 years
- Thread starter CaptainAmerica
- Start date
It never has. The Entertainment segment of the company was still profitable last fiscal year. Linear made up the slack.
Though I guess technically the parks bought out the rest of Hulu, in part.
mikejs78
Premium Member
I was there last week - it was pretty busy all of the times I walked by it. We walked through it twice, thought it was a lot of fun.
An E ticket it is not. It's a really nice B ticket that draws people in. Never overly crowded but still busy. The parks need more of those experiences.
Sirwalterraleigh
Premium Member
They absolutely do…the location is what I have a problem with…this should be on the pad between the seas and the land…not right in the core
mikejs78
Premium Member
I don't disagree with that, although I'm kind of glad that the expansion pad still exists between seas and land.
LSLS
Well-Known Member
Honestly I think a lot of the haters on this board have been screaming the same thing. Feels like a win/win. It can be done pretty cheap and fast, but will absolutely help with the crowds all over the park while giving people other things to do.
JoeCamel
Well-Known Member
Fast?
Disstevefan1
Well-Known Member
Translation - WDW is screwed.
Yeah definitely. Considering how WDW never got around to adding any new rides or attractions in any of the WDW parks for over a decade, we can conclude that nothing else will get done. Good point you make!!
flyerjab
Well-Known Member
Agreed. Prior to Covid, we watched major additions happen at all 4 parks - NFL, Pandora plus park wide enhancements at DAK, DTD evolve into DS, TSL and SW:GE, new DVC, Gran Destino, Skyliner, Rat and the France Pavilion expansion with both Guardians, Moana and Tron having started before the world shut down for a bit. FoF parade, HEA fireworks, Frozen fireworks, Star Wars night time show, Disney Enchantment, Harmonious (a definite miss) and Luminous, as well as the Festival the Arts all started during this time as well.
People can argue regarding fonts, how dirty or not dirty Tiana’s car should be (honestly, I can’t even believe I typed that) and whatever other minutia is tied into theming. That is everyone’s right. But please, to say that we are doomed is silly. This company does spend money on parks. The last decade proved that. And the fact that they admitted that this part of the company makes money and that they want to inject more money into it this decade is a good thing. And with Bruce Vaughn leading Imagineering and Rohde helping a bit, I am confident that he will push back in a good way to allow for some thematic cohesion with some of these projects in the next ten years.
If anyone can point out the posts where people have stated, "Disney hasn't spent money on the parks", I'm all eyes.
If you want to discuss how the money has been spent in the parks, that's been done ad naseum and no one is changing anyone's mind. I'm of the opinion that the spending has been grossly mismanaged and misguided. As such, I have little-to-no faith that whatever amount people would like to believe is going to be spent over the next decade (knowing plans can and do change, not to mention economic climates and financial situations) is going to be spent wisely.
If you want to discuss how the money has been spent in the parks, that's been done ad naseum and no one is changing anyone's mind. I'm of the opinion that the spending has been grossly mismanaged and misguided. As such, I have little-to-no faith that whatever amount people would like to believe is going to be spent over the next decade (knowing plans can and do change, not to mention economic climates and financial situations) is going to be spent wisely.
There is something to be said for the prices of Disney products increasing and apparently zero efficiencies being successfully wrung out in developing the products. Every $150 million movie or D2C project needs $50 million of reshoots to still be a dud. Every ride needs to cost $100 million even if it’s built inside of an existing building and a painted warehouse. Really stunning lack of improved inputs on the upper management end over the last decade. Luckily the board has gotten wise to this and turned over a lot of the upper management staff
𝕴𝖒𝖆𝖌𝖎𝖓𝖊𝖊𝖗97
Well-Known Member
- In the Parks
- No
Some on these boards haven't gotten wise to it, or maybe they've just got blinders on.Luckily the board has gotten wise to this and turned over a lot of the upper management staff
LSLS
Well-Known Member
I will point to the words "Can Be"
Disstevefan1
Well-Known Member
This will be interesting to watch. Disney can talk about investment in the parks but will just have to see what happens in reality. In my opinion, the investment talk was mostly for the proxy fight which Iger easily won anyway, never a doubt.
I am selfish so I want everything for my favorite, WDW.
As many have said, there are a lot of variables, a lot of external factors that may change the course Disney will go. We have seen Disney change/modify, even completely stop things they where well into or completed, like then Play pavilion and the Galactic Starcruiser.
Who knows what and who knows how long we will be waiting for whatever we get.
On the bright side, I am loving to watch the break neck speed Universal is working on EPIC. At least I will have a great park to go to and have fun while I am waiting for Disney to do whatever they are planning to do after the cut/change/eliminate things.
I am selfish so I want everything for my favorite, WDW.
As many have said, there are a lot of variables, a lot of external factors that may change the course Disney will go. We have seen Disney change/modify, even completely stop things they where well into or completed, like then Play pavilion and the Galactic Starcruiser.
Who knows what and who knows how long we will be waiting for whatever we get.
On the bright side, I am loving to watch the break neck speed Universal is working on EPIC. At least I will have a great park to go to and have fun while I am waiting for Disney to do whatever they are planning to do after the cut/change/eliminate things.
You're conflating two things.
1. "whatever amount people would like to believe is going to be spent" shows a skepticism that money won't be spent either in part or in whole. Insiders have told us that in some cases they know of, in which it seems money was cut, the fact is that the money was spent in full, only that some of the things had cost overruns leaving not enough money to do all the things they had hoped to do. All the money was spent, but we got less than than we hoped for from it. Which leads to your second point...
2. "...is going to be spent wisely" goes to your point that there are indeed cost overruns. Was the scope of the build too big? Were the estimates the result of gross incompetence? Was the supervision of the construction grossly incompetent? I certainly don't know what the cause of the systemic cost overruns are. But I acknowledge they exist.
So, when people moan that they doubt the full $60B will be spent -- despite showing up in a plenitude of SEC filings and mentioned by many execs over and over doubling down on it really happening -- by implying that Disney will secretly not spend that much... that's just uncalled for. It's point-scoring against Disney for whatever reason they have for point-scoring. Billions have been spent over the past decade, and so that kind of skepticism rings hollow. Very, very, very hollow.
However, if they want to make the point that the $60B isn't going to buy us all the stuff they say (which, by the way, is very little so far... we have a bunch of insiders relaying a lot of wishes and hopes, but that's not official Disney); then that is indeed borne out by history of cost overruns. Which is a worthy critique to lob at Disney.
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flyerjab
Well-Known Member
Could not have answered this better. Spending money, and spending money wisely, are two…different…topics.