Sirwalterraleigh
Premium Member
Mmmm hmmmmm…Looks like earnings report was fueled by price increases and internal cuts.
I was wondering when we were gonna come down and get to this?
Mmmm hmmmmm…Looks like earnings report was fueled by price increases and internal cuts.
Dont forget they said the magic word that Wall St loves. Buybacks!!!All of this "60 Billion over 10 years" turbo charge stuff is just more of the same Blue Sky dreaming talk that we have all been hearing in the past 3 years.
This is all coming from the same people that fought and struggled as HARD as they could for FIVE YEARS to build a county park with trees and benches in the middle of Epcot with LED lights, a water pump walk through attraction and a cool Walt Statue. Yeah,..these people are STILL working as hard as they can to finish the rest of it...hopefully this year?
So yeah,...these same people are bragging about a future 60 billion dollar plan and great things coming soon...so please buy our stock.
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.All of this "60 Billion over 10 years" turbo charge stuff is just more of the same Blue Sky dreaming talk that we have all been hearing in the past 3 years.
This is all coming from the same people that fought and struggled as HARD as they could for FIVE YEARS to build a county park with trees and benches in the middle of Epcot with LED lights, a water pump walk through attraction and a cool Walt Statue. Yeah,..these people are STILL working as hard as they can to finish the rest of it...hopefully this year?
So yeah,...these same people are bragging about a future 60 billion dollar plan and great things coming soon...so please buy our stock.
I agree...
Remind me where I said replacements add capacity, alternatively, what did Tron and Ratatouille replace?
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...All of those expansions increased capacity while also increasing demand.
You crossed my wires…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...
DING DING DING WINNER WINNER!!!!You crossed my wires…
It looked like you Said that slate created capacity
What lazy said (far from a Disney hater) was saying 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.
TURBOCHARGE!!!
$17B and about $3B respectively. As per Disney.That 60 billion includes 2 or 3 new cruise ships and another large chunk is going to Asia parks. How much will be left for WDW and Disneyland?
That's because Disney didn't have the cash on hand to start the $60B upgrades until most recently. See here..All of this "60 Billion over 10 years" turbo charge stuff is just more of the same Blue Sky dreaming talk that we have all been hearing in the past 3 years.
Indeed.
Three quarters ago, Disney's cash on hand was $10.4B, and people worried about Disney having to pay $9B+ to Comcast for the rest of Hulu. Will Disney have enough?!?!
Two quarters ago, Disney CoH was $11.5B.
Previous quarter: $14.1. Whew! Disney can pay for Hulu!
And now? CoH is $7.2B. And that's *after* already paying Comcast $8.6B for Hulu. (Disney may have to pay a few Billion more depending on Hulu's final valuation.)
So, after paying for Hulu, Disney has $7.2B in CoH. And DTC (streaming) went from $1.5B loss for a quarter under Chapek's last quarter, down to $0.2B for this past quarter. And all expectations it will be profitable by Q4 of this fiscal year.
This is why the parks have no new and big greenlit projects now, and the promise of $17B for WDW and some $2B for DL and $60B for all parks globally had to wait until 2025.
The purchase of Hulu and getting all DTC profitable had to happen first. And its just about done.
(Not to mention a savings of $7B in lay-offs.)
There's also the other reason the Bobs like overlays and rethemes. And it's related to boring accounting!You crossed my wires…
It looked like you Said that slate created capacity
What lazy said (far from a Disney hater) was saying 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.
Because subscriber loss is the biggest threat to streaming revenue. It directly relates to ad rates…which are already way down.Subscription loss but increased revenues seem fine to me. I think there is still questions about streaming, but being bearish because of a small percentage subscription decrease (despite a rise in price) while the numbers are trending in the right direction seems odd.
Thank you…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?
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
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 quoDVC 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.
Yep and people are still willing to pay for the same old rides and rides broken down and out of service. Until that change Disney will keep the status quo
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