Splash4eva
Well-Known Member
Dont forget they said the magic word that Wall St loves. Buybacks!!!
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News Disney plans to accelerate Parks investment to $60 billion over 10 years
- Thread starter CaptainAmerica
- Start date
K&KDizFreaks
Active Member
Real question. Do these big proclamations by Iger actually move the needle or are people starting to see through this obvious BS spewing from his pie hole since he returned?
60 billion worldwide will never happen. These future "plans" are getting more ridiculus every quarter. In October 2024, we should hear more about the 500trillion being invested througout the galaxy in the next 25 years. A real galactic cruiser blue sky plans. Disneyland on Mars. Eat it up.
The direct impact on capacity at WDW will not improve. Rooms will continue to be shuttered to prop of nightly rates and occpancy data, ride times will continue to be inflated to prop up genie plus, DAS will continue to be abused, special events will continue to split the park days and the peoplemover will.continue to breakdown every 30 minutes, and epcot will still have walls up.
Exhausting. Frustrating - but still so much to love when walking under the train station and seeing the castle down main street. *after sacrificing all my biometric data and savings to the mouse.
60 billion worldwide will never happen. These future "plans" are getting more ridiculus every quarter. In October 2024, we should hear more about the 500trillion being invested througout the galaxy in the next 25 years. A real galactic cruiser blue sky plans. Disneyland on Mars. Eat it up.
The direct impact on capacity at WDW will not improve. Rooms will continue to be shuttered to prop of nightly rates and occpancy data, ride times will continue to be inflated to prop up genie plus, DAS will continue to be abused, special events will continue to split the park days and the peoplemover will.continue to breakdown every 30 minutes, and epcot will still have walls up.
Exhausting. Frustrating - but still so much to love when walking under the train station and seeing the castle down main street. *after sacrificing all my biometric data and savings to the mouse.
Tony the Tigger
Well-Known Member
My suggestion: stop duplicating attractions in all parks. Make unique additions in each park. What extra it costs to design something new, you’ll make more from people who want and can afford to visit other parks.
As for those mentioning new attractions increase demand as well as capacity: that’s temporary and ages out. The trick is to routinely replace or add attractions on a rolling schedule for balance.
As for those mentioning new attractions increase demand as well as capacity: that’s temporary and ages out. The trick is to routinely replace or add attractions on a rolling schedule for balance.
yensidtlaw1969
Well-Known Member
Let's be really real here - they didn't work hard at that. They purposefully dragged out the EPCOT project over an extended period. Not that I think that's much better than being too inept to do it quickly, but it is different.
The reason Disney's now crowing about 60 billion dollar investments is because the kinds of people who would let EPCOT languish and slug its way through an insufficient revision have gotten a big wake up call. They know they can't keep playing their cards like this anymore. The alarm is sounding.
ToTBellHop
Well-Known Member
TURBOCHARGE!!!
SplashJacket
Well-Known Member
I see where I said a set of expansions increased capacity. Not that replacements increase capacity? Unless my dyslexia suddenly just got a whole lot worse, I'm very confused...
Sirwalterraleigh
Premium Member
You crossed my wires…
It looked like you Said that slate created capacity
What lazy said (far from a Disney hater) is that most of it was bobs “create demand” strategy…you actually constrict capacity by replacing it with shiny bells and whistles…to bump “demand” and remove price/value limits…
And it worked…for a while. It is not working now…attendance is sliding in a good economy and the price increases are getting very close to not being able to keep up with the loses.
It may have already happened…this “earnings” report is mostly cuts in spending. That’s not earnings.
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DING DING DING WINNER WINNER!!!!
They have Cut the "MAGIC", and are now trying CUT the Throats of paying customers. Value is not something the CURRENT BOB, wants to understand and CAN NOT understand what the DISNEY difference WAS!!!! That difference ALONE made people at least us want to come back even with NO REAL INVESTMENT (actual REAL new capacity expansions) in WDW, which was alot of the Great Cast and Disney Workers in General who always seemed to care to try and make it "MAGICAL"!!!
I can't wait to see the amazing "what if" Blue Sky water color paintings they will show us at D23 Expo in the fall. Imagineering dreams and Disney Finance department laughs!
Hey, you don't need a green light from Finance to make a water color dream painting. Josh prolly pays the artist for those things out of his own pocket. Y'know... 3 or 4 hours of work plus the paint and the brushes wont break his wallet. ($500 bucks maybe?)
Josh can afford simple expense stuff like that.
Hey, you don't need a green light from Finance to make a water color dream painting. Josh prolly pays the artist for those things out of his own pocket. Y'know... 3 or 4 hours of work plus the paint and the brushes wont break his wallet. ($500 bucks maybe?)
Josh can afford simple expense stuff like that.
$17B and about $3B respectively. As per Disney.
That's because Disney didn't have the cash on hand to start the $60B upgrades until most recently. See here..
WoundedDreamer
Well-Known Member
There's also the other reason the Bobs like overlays and rethemes. And it's related to boring accounting!
When a company spends money to improve an asset, it is accounted on the balance sheet as Capital Expenditure. Building a new attraction is an example of improving an asset, so it's accounted as a Capital Expenditure. Disney likes CapEx, since that lets them spread the cost on their income statements over decades (up to forty years). But our benevolent corporate overlord faces a dilemma. If you are simply maintaining an asset, you have to take the cost as an expense. An expense hits the income statement all at once.
Suppose Disney wanted to maintain their Dinosaur attraction by replacing their dinosaur animatronics that are breaking due to age. That means they would have to immediately expense each one of the dinos. Disney doesn't want to tell Wall Street that their maintenance costs increased. So what do they do? Just overlay the thing! It's an improvement, so it spreads the cost over decades and Disney has something new to advertise.
And that is the current state of Walt Disney World. Disney builds an attraction. Waits a few decades while the ride becomes decrepit and unreliable because they don't maintain it. At a certain point everyone agrees the ride is a problem since it's decrepit and unreliable. Then Disney announces an overlay to the ride. The process then repeats. Who needs maintenance when you can just overlay the ride every 30 years or so?
Sirwalterraleigh
Premium Member
Because subscriber loss is the biggest threat to streaming revenue. It directly relates to ad rates…which are already way down.
The only recourse is to increase fees…and this isn’t cable. The consumer is no longer trapped. You push it on price - they cancel.
Thank you…
This seems blatantly obvious over the last 10 or so years…but it zooms past a lot of people.
Letting an attraction collapse…cough cough…SPLASH MOUNTAIN…and then replacing it…is a shell game
John park hopper
Well-Known Member
Talk is cheap Bob --seeing is believing and as of yet I haven't seen much. It took 18 months to build MK --takes 2-4 years to build a new attraction. Yet they can build DVC towers in no time
JD80
Well-Known Member
DVC towers build faster because there is revenue attached to them being open. A park still collects revenue if an attraction takes longer to build. Excuses sure, but that's the reason DVC builds towers in no time.
John park hopper
Well-Known Member
Yep and people are still willing to pay for the same old rides and rides broken down and out of service. Until that changes Disney will keep the status quo
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JD80
Well-Known Member
I'm not saying that Disney doesn't need new rides (they need a lot of them) but there is still plenty of people who have yet to see SWGE or will go and love riding Peter Pan and Pirates because they haven't been in 5 years.
Now, a lot of those people are being pushed to other vacations because of cost. So WDW market is shrinking. I think they know this, it's the only park/experience that is not growing.
