News Disney plans to accelerate Parks investment to $60 billion over 10 years

[SamusAranX]

I like how all of bobs mismanagement in wdw is now “officially” being blamed on cord cutting by his official spokespeople here…

When the parks mismanagement has been a hallmark as long as correcting has been

False equivalency at it’s peak form

No no, clearly the mismanagement since 2012 was because Disney had top secret plans for Disney+ and they also had their KGB agents uncover Universals plans to build EU. They’re playing the long long game. Like the double OT win by a field goal game.

 

[monothingie]

They aren’t necessarily bound to it. But that still doesn’t mean that they could lie about. If there was evidence that they deliberately lied and misled in those filings and agreements there could and would be legal consequences.

When did he say they could "lie" about it? Corporate priorities change frequently based on all sorts of internal and external factors. What rule says that because Disney said they'd spend $17B in Florida over the next 10 years in 2024 says that dollar amount can't change to $12B in 2026 or $25B in 2027?

And in some cases they are bound to some of that investment like some of the Disneyland Forward money.

But that's not exactly a similar comparison because at the current stage of DF, developer agreements are in place that required a financial commitment. Disney could cancel Villains tomorrow and reallocate the money to a new cruise ship, or not spend it all, and it wouldn't be bound to anything.

 

[Tha Realest]

Can a show really be an E ticket headliner?

Yes.

(America Sings and Enchanted Tiki Room were MK E-tickets)

 

[Lilofan]

No no, clearly the mismanagement since 2012 was because Disney had top secret plans for Disney+ and they also had their KGB agents uncover Universals plans to build EU. They’re playing the long long game. Like the double OT win by a field goal game.

In Central FL one generally works for Disney , has a family, friend, neighbor that works for Disney or works for a business directly or indirectly associated with Disney. One can also add UNI to the mix so to keep a lid on a project is at times wishful thinking.

 

[Disstevefan1]

The 17B message wasn’t for the shareholders benefit. Most shareholders aren’t going yo be enthusiastic about massive investments. And it wasn’t just an announcement it was officially documented in SEC filings and various government agreements.

Thanks for the correction.

Time (a long time) will tell what the officially documented in SEC filings 17B actually gets us...

 

[Disstevefan1]

The $17B for WDW and $60B for all parks and cruise lines were promises and proclamations made to local governments and the SEC.

If it was all a lie, Iger put a SUE ME sign on the back of TWDC.

Time (a long time) will tell what the 17B will get us.

After seeing EPCOT's Celebration Gardens, I am worried - Just my opinion.

 

[Disstevefan1]

I really don’t think EU will tip the scales that much when Universals Florida parks aren’t even in the top 10 visited in the world. Their hotels are still fully open even with EU opening. I just don’t see them moving the needle THAT much even for an off year. Even if EU is fantastic, it doesn’t hold quite the same nostalgia and history as MK

After looking at the data (albeit from 2023) I wonder if EPIC could chip away at MK attendance such that Disneyland goes to number 1 and Universal Japan is number 2 and MK goes to number 3 ?

There is a very easy fix for MK if they simply want to keep the attendance crown for the sake of numbers, simply remove black out dates for APs

 

[The Mom]

Please keep Universal discussion in the correct forum. Yes, I understand that WDW and US studios are in competition, but please try to stick to the topic - Disney.

 

[andre85]

Please keep Universal discussion in the correct forum. Yes, I understand that WDW and US studios are in competition, but please try to stick to the topic - Disney.

Silo'ing discussions does a disservice to the discussion itself. Just my thoughts

 

[lentesta]

The next couple of months are going to be interesting.

On the one hand, Disney absolutely knows they have to build a lot more rides as soon as possible. And we've already got the first phase of those announcements.

On the other, international tourism is cratering. Consumer confidence is falling. And I heard something about tariffs while I was on my cruise last week??!?

There has to be tremendous pressure right now to delay, cut back, or cancel some of the stuff they've announced. I think the projects that have already started construction are fine (Encanto, Lakeshore Lodge). But the rest of them?

I expect Disney's going to take the next 60 days to look at longer-term US economic trends, and to see the initial reception that Epic gets. So maybe by the end of June - their Q3 - we should have heard if anything changes.

One obvious sign of project cutbacks would be if Muppet*Vision gets a reprieve from its June 7 closure. That would indicate a pause on Monsters. And if Monsters isn't safe, I'm not sure anything else is.

I could be wrong.

 

[wannabeBelle]

I could be wrong.

Or not. Marie

 

[doctornick]

One obvious sign of project cutbacks would be if Muppet*Vision gets a reprieve from its June 7 closure. That would indicate a pause on Monsters. And if Monsters isn't safe, I'm not sure anything else is.

I could be wrong.

But was the impending MV3D closure specifically a cost saving move (i.e. just to not run the show)? As opposed to being necessary for the Monsters Inc building timeline. Feels like they could pause closing that while still working on building the door coaster.

I guess more to me point, it's the closing of Mamma Melrose and the Muppets store that is really needed for the Monsters Inc plans to proceed in the shorter term.

 

[lazyboy97o]

But was the impending MV3D closure specifically a cost saving move (i.e. just to not run the show)? As opposed to being necessary for the Monsters Inc building timeline. Feels like they could pause closing that while still working on building the door coaster.

I guess more to me point, it's the closing of Mamma Melrose and the Muppets store that is really needed for the Monsters Inc plans to proceed in the shorter term.

They could also do both and close the venues due to drops in visitation and push back or scale back the project.

 

[hopemax]

They could also do both and close the venues due to drops in visitation and push back or scale back the project.

This is what I expect. Locations will still close, and replacement projects will be canceled.

 

[lentesta]

They could also do both and close the venues due to drops in visitation and push back or scale back the project.

It's possible. I think the promise of vastly more Lightning Lane revenue for Monsters, and not wanting to reduce capacity at DHS, will limit the appeal of this option.

 

[Streetway Again]

It's possible. I think the promise of vastly more Lightning Lane revenue for Monsters, and not wanting to reduce capacity at DHS, will limit the appeal of this option.

I mean, it would also be a great PR move. I don’t think they’d keep muppetvision though, even with budget cuts. A land is more marketable.

Unless im reading this wrong. I dont think this for muppets is something actually being considered, as much as I’d love to be wrong.

 

[Sirwalterraleigh]

They aren’t necessarily bound to it. But that still doesn’t mean that they could lie about. If there was evidence that they deliberately lied and misled in those filings and agreements there could and would be legal consequences.

And in some cases they are bound to some of that investment like some of the Disneyland Forward money.

I’m not predicting they’ll spend no money…far from it

Even from my armchair…they have to build out parks…even Bob can’t avoid it longer

But the how and the amount is “set” in quicksand

The insistence that anything said by a nametag is “set” is borderline nuts
Not even to a 4th grade level of competency

 

[Sirwalterraleigh]

It's possible. I think the promise of vastly more Lightning Lane revenue for Monsters, and not wanting to reduce capacity at DHS, will limit the appeal of this option.

You seem to be really leaning into this “lightning revenue”…which is I’m sure what they’re pushing on the ground In swamp hills, 32830…

But that’s a smokescreen

The rebellion against the pricing has just begun…and king Bob is not capable of reversing it.

But it’s just my take…And I’ve been wrong before

 

[peter11435]

When did he say they could "lie" about it? Corporate priorities change frequently based on all sorts of internal and external factors. What rule says that because Disney said they'd spend $17B in Florida over the next 10 years in 2024 says that dollar amount can't change to $12B in 2026 or $25B in 2027?

But that's not exactly a similar comparison because at the current stage of DF, developer agreements are in place that required a financial commitment. Disney could cancel Villains tomorrow and reallocate the money to a new cruise ship, or not spend it all, and it wouldn't be bound to anything.

The poster I originally quoted very clearly claimed they believed the $60 billion was a lie. Obviously priorities could change and plans could be altered, cut back, or expanded. But that doesn’t mean the original announcement was a lie.

Im not sure what point you’re trying to make with your second paragraph. Obviously individual projects could get cut or funding redirected. I was just pointing out (correctly) that they are bound to some spending commitments with certain government agreements.

 

[MrPromey]

Yes.

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(America Sings and Enchanted Tiki Room were MK E-tickets)

Just wanted to say, I know some people will think that gif is some kind of a joke but it really can't be overstated what a big deal it was for Disney to land that man in a movie directed by Francis Ford Coppola for the Imagination Pavilion.

They have arguably, never been able to match or top that in terms of a show and current pop culture zeitgeist.

Closest I think they've even tried is a Frozen Singalong.

That said, in it's heyday, the Indiana Jones Stunt Spectacular was a pretty big deal e-ticket attraction as was Lights, Motors, Action!: Extreme Stunt Show.

As much as I think the BATB show could have been better done and how it very much needs to be replaced, that usually brings in big crowds, too.