I think Disney feels they can be patient. The numbers suggest that, the history suggests that. Epcot was from another era of Disney! Your talking about the early 80's. I have no doubt there is always an on going battle inside the halls of Disney about bringing concepts to reality. The culture seems to indicate a hurry up and wait approach. In other words, quickly build up the design from imagination to graphic design and then sit on it, let the excitement die down on the creation of the concept and see if it's still a good idea a year down the road. Business practical.
No, they don't. They have felt that way since IOA opened and didn't dramatically alter their business.
Disney has stagnated and left their product to get old and stale and unappealing except to those who haven't been and the addicts.
Universal to stay relevant must continue to push new attractions, they are barely in the top 10 in world wide theme parks, that is after the inclusion of Harry potter.
Fundamentally disagree with that.
You don't have to be in the Top 10 of anything to be relevant, all you have to do is sell/provide a product that people want to buy/experience and is rates highly in quality and value. UNI has that. It will NEVER (even when they open that third park down the road) pull in Disney numbers barring some huge horrific event at Disney. That doesn't mean all is fine with Disney and UNI is struggling. UNI's business in O-Town (and hollywood and Osaka) is doing gangbusters and people love the product. UNI continues to reinvest in the parks because Comcast execs see the business as a growth one. Disney looks at the P&R in the USA (specifically WDW) as a mature business ... meaning beyond raising prices and selling real estate and things like FP+, they don't see value in investing.
Why are they doing so now? Because their numbers are falling, trends show further weakening going forward at the same time UNI and SW are upping their games. It is very simple.
If Potter 2.0. Transformers and at least another 3-5 major attractions weren't headed to UNI, then I am not at all sure the Studios makeover would have ever even been blue skied.
As a fan I want Disney to drop 2 billion on their Florida parks, as a businessman I would be more patient. Disney is still crushing universal. Disney controls the market for little kids. Kids who are just born today will be going to Disney in 5 years even if nothing is done to the parks. Parents will take them...period. The timeless animation from the vaults of Disney will propel families to go.
Universal can't touch that. Disney picking up Pixar and marvel along the way was a master stroke.
As both a fan and a businessman (and a creative), I'd like to see Disney drop billions on their FL resort tomorrow. WDW is becoming a place that only the newbies and the addicts return to. They've lost so much business from people like myself that don't want to pay for crap and be told that WDW has never been better. No, Lou, it has. Just about at anytime starting about 15 years ago heading back.
You assume that because WDW has been a rite of passage for many Americans that it always will be. ... I guess that's what PanAm thought ... and American Harvester ... and A&P ... and Mongomery Ward's ... and HoJo's. There's this idea that WDW is forever (or at least until the end of the world this December) and the only basis for it is some religious like belief in the power of Pixie Dust.
I am not going to get into yet another Disney vs. UNI discussion, I am just going to tell you that Disney is concerned about UNI both here and on the west coast and is making reactionary decisions because of them.