ford91exploder
Resident Curmudgeon
Yup.......
The only real upside to a Shanghai failure would be that the stockholders would hold Iger, et al, responsible, as they surely would be.
Disney is banking on the 300,000,000 Chinese, that live close enough to the park to get there easily, to be the main income flow. (AKA Cash Cows)
That, however depends on how much discretionary yuan those people have and if they're inclined to spend it on "Western" entertainment.
My guess is that the younger people will do that but the older ones who've lived under Government oppression for most of their lives will visit once, maybe.
I suspect Disney is on the hook for operating losses at SDL, The CCP played Iger's greed and desire for a 'Legacy' like a violin.