No Name
Well-Known Member
They’re laughing all the way to the bank with their entire $2 million operating income?
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EPCOT Guardians of the Galaxy Cosmic Rewind attraction confirmed for Epcot
- Thread starter wdwmagic
- Start date
tommyhawkins
Well-Known Member
Haha youre taking a snapshot of part of a FY to make a point, completely ignoring the revenue streams for this year or the fact the new FY starts on October 1st, in case it has escaped your attention, all three projects were started are budgetted for in previous FYs and span multiple years , Tron began work 1300 days ago for example.
So yes they are laughing all the way to the bank, because they wont have to spend much money paying people to design new rides, nor will they have large amounts to spend on rides that are well into construction or that sat SBNO for six months. They can continue to drip feed opening these rides and avoiding any major outlays to start new major projects for the next FY. Do you think they fired a 1/3 of WDI and let highly paid Imagineers "retire" out to Major Space Launch providers because they were down to their last pennies in the DPEP bank account?
There’s nothing new happening for years after Tron and GotG open, whenever that actually ends up happening.
No Name
Well-Known Member
They could get rid of imagineering and not do a thing for the next 10 years, and they still wouldn’t save as much as they lost over the past 18 months. There is no spin to this where it benefits them.
tommyhawkins
Well-Known Member
You know that they primarily "lost" profits and remained solvent throughout the entire period as well as being quick to lay off as many people as possible, they were accustomed to making lots of money handing over fist, year after to year so all the "Disney are down XXXX Billion" headlines are meaningless compared to their actual cash burn l - DPEP was a cash cow for them precovid and already turningback into one with all the net price increases. And any other business that could stop producing a product for 18-24 months and STILL get the same amount of customers handing them money for existing assets would also be laughing to all the way to the bank too especialy when those products come with a price tag of $200-400m each to make.
Giss Neric
Well-Known Member
It's highly likely that they will film scenes for Cosmic Rewind in that time frame. Hopefully, this ride will open sooner next year.
DHSfanatic
Member
Disney lost $1.58 billion in fiscal year 2020.
They lost that much due to trashing all the linear channels they inherited from 20CF.
The part of the business that does business and makes a profit, made only $8.1B in 2020 (compared to $14.8B in 2019).
But when your total financials include closing down European TV channels and restructuring your HULU investment, all of a sudden, you have an extra $5.6B in write-offs than the year before for a total of $11B in on-paper reduction in 'net profit.'
In a normal year, that amount of write-offs would go mostly unnoticed, but when you *only* make $8B in profit from your various enterprises, it stings.
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tommyhawkins
Well-Known Member
Totally.
Losing 1.58 billion sounds major, but when its 13% of the profit alone, and single digit % of total revenue of anything they made the previous year, im sure many would argue with the major restructuring, the write offs you mentioned and the complete shut down, they weathered Covid pretty well . Especially when they still had like $16BN cash on hand this year it makes the "disney HAD to do this" narrative somewhat laughable
Stupido
Well-Known Member
I would imagine they would shoot the scenes for the ride towards the start of this frame, just so it gives them more time to edit the footage, and add any sfx they might need.
FigmentFan82
Well-Known Member
Any shooting for the attraction would most likely coincide with what their dress/attire is that matches something in the upcoming movie. So if there is a part in the new film where they are in "classic" costumes, they'd probably shoot close to those times if that is how they are to appear in the attraction
No Name
Well-Known Member
Or maybe they’ll shoot it towards the end of this frame, because theme parks are dumb and they’ll want more time to edit the movie.
WDWtraveler
Well-Known Member
Photo update as of Tuesday, September 14, 2021. Entrance plaza update photo for Guardians of the Galaxy.
Disney Analyst
Well-Known Member
It would be nice if they could speed up the outside and get that part done, open up the area while they await finishing the inside/getting the footage filmed for the attraction.
James Alucobond
Well-Known Member
Basically the entire plaza has appeared over the last 30 days, so I'd say it's sped up somewhat considerably in terms of what we can see in spite of the vapor barrier still sitting exposed on the building itself.
DreamfinderGuy
Well-Known Member
Fairly confident we still have to stand outside the planter.
Ever played Mario Kart Double Dash? My DS would disagree with you on the shooting aspect.
bgoofy
Member
Thanks for the pics and it's great to see you posting again Traveler!!!
Rose&Crown
Well-Known Member
Wonder if they’re trying to finish the plaza around this and Play to push the construction walls back a bit in time for the 50th. Wouldn’t surprise me if they put up the Guardians ship as a photo op.