Interesting theory...but hard to imagine he could get the whole board down to Orlando for a sales pitch.The Prince is not in Walt Disney World to buy into, purchase whole or expand any part of the resort. He is there to investigate the possibility of Disney being a partner and/or cooperating with the Mile-High Tower project in Jeddah. What the Prince hopes to accomplish there is basically what Walt Disney set out to do with the original plans of Epcot, and he would like a Disney park/Disneyland to represent the amusement aspect of that area.
This is the worst "secret" meeting in the history of the world.
Somehow selling off one of your most profitable divisions that promises to make money for decades to come doesn't really seem like the best use of resources, not matter how profitable in the short term.
Not to mention this would really throw off the whole Disney synergy and franchise concept they seem to be promoting at the moment.
Just don't see how this move would benefit the shareholders of Disney. Perhaps I'm just shortsighted.
The Prince is not in Walt Disney World to buy into, purchase whole or expand any part of the resort. He is there to investigate the possibility of Disney being a partner and/or cooperating with the Mile-High Tower project in Jeddah. What the Prince hopes to accomplish there is basically what Walt Disney set out to do with the original plans of Epcot, and he would like a Disney park/Disneyland to represent the amusement aspect of that area.
Let me just say it now.....
I am not liking this rumor. I have no idea what the future holds, but ownership by some middle eastern foreign dude is not going to keep me renewing my annual pass.
This sort of sale = PR problems x infinity and beyond.
Disney would not be selling the parks off the way Paramount sold theirs. Any sale would involve licensing of the Disney name, characters, franchises, etc. As is done with all of the international Resorts. The benefit to Disney would be that they would still collect royalty checks and probably even a cut of the revenues, but without the financial liability if things do turn sour.Somehow selling off one of your most profitable divisions that promises to make money for decades to come doesn't really seem like the best use of resources, not matter how profitable in the short term.
Not to mention this would really throw off the whole Disney synergy and franchise concept they seem to be promoting at the moment.
Disney would not be selling the parks off the way Paramount sold theirs. Any sale would involve licensing of the Disney name, characters, franchises, etc. As is done with all of the international Resorts. The benefit to Disney would be that they would still collect royalty checks and probably even a cut of the revenues, but without the financial liability if things do turn sour.
Let me just say it now.....
I am not liking this rumor. I have no idea what the future holds, but ownership by some middle eastern foreign dude is not going to keep me renewing my annual pass.
This sort of sale = PR problems x infinity and beyond.
Nice to see that racism has reared its ugly head in this thread.
Nice to see that racism has reared its ugly head in this thread.
Ah, yes, the old, reliable ad hominem attack. There was a time when people realized and the rules of debate demanded that calling names and using pejorative words did not assure victory in an argument. No longer, it seems.
The Saudis epitmoze the phrase, "With friends like that, who needs enemies?" and at a time when they, their "government" (read, "royalty") are preventing a major U.S. Airline from allowing Jews from flying on and others from carrying onboard unapproved religious books and other items on its branch carrier, the question of tolerance should be pointed in the other direction, I think.
If Walt Disney World represents anything in principle, it embodies something about the dreams of America and the diversity and unity of its people (and that of the world community, especially in Epcot). Saudi Arabian society, in it's treatment of women, minorities and those of religious devotion other than the official state sect, hardly fits that vision.
Count me among those that would have serious reservations about further lining the pockets of a Saudi prince by frequenting an American cultural icon owned by a person wed to, if not explicitly responsible for a social perspective antithetical to American ideals and possibly overtly inimical toward freedom generally.
That being said I do not imagine the Wald Disney Company would ever do this.... would be a collassal slap in the face of the Disney family (Walt, Roy, etc)
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