I'm not a tax law expert, by any means... But I do own a handful of companies and have gotten pretty familiar with write-offs.
Make no mistake... Disney did this because they somehow saw a benefit to them. Some of the possibilities:
- Good press
- Tax benefits
- Increased gate numbers
- High probability that this offer would bring in people that otherwise wouldn't be visiting a Disney park this year. These people might just stay for the day, but might even build a whole trip around this that otherwise wouldn't have come. And obviously, a person through the turnstyle is HIGHLY likely to spend money.
Now, that being said... I thought it was a GREAT promotion. Disney gave away something that doesn't have a "real" cost to them, allowed for a tax deduction, would increase revenue in other areas, and at the same time would help those less fortunate. Brilliant. Seriously.
But Disney had to have worked the math on this thing out to either make them money, or break even at the very worst (which I don't believe). It wouldn't take much analysis, especially with all the data I'm certain they have at their fingertips, to show that through various methods, giving away 1,000,000 tickets would benefit them.
*** I'm not bashing the program... I want to be clear. What I said two paragraphs up should show that. But I think it would be awfully naieve to believe Disney doesn't come out ahead with this promotion, just like they have with every other promotion they've ever come out with. Disney is a massive corporation with very shrewd people running it, and they're designed to increase the bottom line regularly. We're in a horrible recession. Disney wouldn't willingly create a program, knowing at the end of it they'd be in a deeper financial hole than they started out in. Disney's clawing for every dollar they can get right now, just like everyone else. It's a little humorous for people here to think they're millions in the hole because of this. I guess they did their job in marketing you!! :lol:***
Great program though. Really. What better way to bring more people to your product and up your revenue than by making those people help others???
Count me in the "very surprised they aren't extending this" group... Although my guess is that they have a magic number of additional people they can add to the park levels per day without greatly effecting operations (meaning if they gave more tickets, they'd have to raise cast levels as well... Additional cost).