Josh D'Amaro comments on rising prices and "additional" or removed services: "An inevitable result of progress"

CaptainAmerica

Well-Known Member
If so successful- where is the bump in stock? Dividends have not been paid out in years.
That's not how any of this works.

First of all, share price is determined by the market's expectations of future cash flows, including both dividends and capital appreciation. Profitability of the Parks business has minimal impact on share price when investors are laser-focussed on the streaming business.

Second, you don't want a growth-minded company paying dividends. You want them plowing cash back into the business, which is what Disney has been doing coming out of the pandemic.
 

Lilofan

Well-Known Member
"Mr. D’Amaro said he’s aware of the tension caused by rising prices and other changes, especially for annual passholders, but describes it as the inevitable result of progress, and insists that every change Disney has implemented at the parks is in service of improving visitors’ trips."

Wow !!! this guy must be training for a political career post Disney
RISING PRICES
REDUCED STAFF
BROKEN ATTRACTIONS
CHARGING FOR WHAT WAS ONCE A PERK
REDUCED MEAL SIZE
This is progress and improving visitors trips give me a break
I’ve stayed in non Disney resort chains that you just described minus the broken attractions. FYI- hotel occupancy where I’m staying on business and leisure is coming back in force even with these concerns.
 

Casper Gutman

Well-Known Member
That's not how any of this works.

First of all, share price is determined by the market's expectations of future cash flows, including both dividends and capital appreciation. Profitability of the Parks business has minimal impact on share price when investors are laser-focussed on the streaming business.

Second, you don't want a growth-minded company paying dividends. You want them plowing cash back into the business, which is what Disney has been doing coming out of the pandemic.
"plowing cash back into the business?" Are you talking about the parks or streaming?
 

Casper Gutman

Well-Known Member
Both. Or did you forget about the two E-tickets and the cruise ship all opening in the same year?
Uh huh. When were the E-tickets announced and construction started? That's not "plowing" cash in, that's very reluctantly admitting you have a crisis that needs to be addressed, doing as little as possible to solve it, and dragging out the implementation of the solution over nearly a decade to defray costs. And what's coming after those attractions? Where's the big list of upgrades Disney is "plowing" money into in the near future? Disney has become so terrified of capital expenditures in the parks its essentially beyond parody.

And as a side note, to those in this thread who seem to be demonstrating a blind faith in the wisdom of corporate boards and Wall Street, streaming is a beautiful example of why that's a bad idea. The "streaming revolution" was, undoubtedly, a change that needed to be addressed and accommodated, but instead of doing so rationally, almost the entire business community went absolutely insane, wildly overestimating its promise and setting absurdly unrealistic goals while discarding a century of experience in how people consume entertainment. It was an absolute mania that deserves mockery and derision. Now Netflix is sinking rapidly, an abhorrent idiot is tearing Warner Bros, HBO, and DC to shreds, and a bunch of smaller wannabes are desperately floundering with no clear path forward. Disney has actually approached streaming with the most intelligence and logic of any media company, and they MIGHT stop losing billions of dollars a quarter on Disney Plus in a few years.
 

Doberge

True Bayou Magic
Premium Member
It’s a completely tone deaf and inappropriate comment for the product. Leisure…optional…nothing “necessary” about it.

End. Period.


Sell it…but don’t be stupid, you nitwit. Silence is enough sometimes.
It's fascinating that Chapek, McCarthy, and now D'Amaro say the quiet part loud like they're ignorant, indifferent, or both.

Anyway, they're claiming supply and demand for price increases so I'm looking forward to the excuses against decreasing prices when demand decreases.
 

Rodj

Well-Known Member
Chapek’s ride maintenance budget can be described with a single image:
B2B443DA-0AEA-4087-A400-728DDBB7F7F3.png
 

Casper Gutman

Well-Known Member
It's fascinating that Chapek, McCarthy, and now D'Amaro say the quiet part loud like they're ignorant, indifferent, or both.
Disney is a completely unique business. The people running it have little to no concept of the specific challenges and opportunities presented by a company that is so deeply entrenched in and significant to popular culture. For the most part they treat it like a generic "business," and are thus completely unprepared for the wide exposure and intense scrutiny received by comments they consider unremarkable boilerplate. We've seen this repeatedly in the last couple years, played out as both tragedy and comedy.

Basically, the people running Disney don't know what Disney is.
 

marni1971

Park History nut
Premium Member
Disney is a completely unique business. The people running it have little to no concept of the specific challenges and opportunities presented by a company that is so deeply entrenched in and significant to popular culture. For the most part they treat it like a generic "business," and are thus completely unprepared for the wide exposure and intense scrutiny received by comments they consider unremarkable boilerplate. We've seen this repeatedly in the last couple years, played out as both tragedy and comedy.

Basically, the people running Disney don't know what Disney is.
Very very well said.
 

Sirwalterraleigh

Premium Member
It's fascinating that Chapek, McCarthy, and now D'Amaro say the quiet part loud like they're ignorant, indifferent, or both.

Anyway, they're claiming supply and demand for price increases so I'm looking forward to the excuses against decreasing prices when demand decreases.
The Same people lauding the increases will break out the tissues for the excuses AGAINST Decreases.

Life just sucks unless you kneel before zod!!
 

CaptainAmerica

Well-Known Member
Uh huh. When were the E-tickets announced and construction started? That's not "plowing" cash in, that's very reluctantly admitting you have a crisis that needs to be addressed, doing as little as possible to solve it, and dragging out the implementation of the solution over nearly a decade to defray costs. And what's coming after those attractions? Where's the big list of upgrades Disney is "plowing" money into in the near future? Disney has become so terrified of capital expenditures in the parks its essentially beyond parody.

And as a side note, to those in this thread who seem to be demonstrating a blind faith in the wisdom of corporate boards and Wall Street, streaming is a beautiful example of why that's a bad idea. The "streaming revolution" was, undoubtedly, a change that needed to be addressed and accommodated, but instead of doing so rationally, almost the entire business community went absolutely insane, wildly overestimating its promise and setting absurdly unrealistic goals while discarding a century of experience in how people consume entertainment. It was an absolute mania that deserves mockery and derision. Now Netflix is sinking rapidly, an abhorrent idiot is tearing Warner Bros, HBO, and DC to shreds, and a bunch of smaller wannabes are desperately floundering with no clear path forward. Disney has actually approached streaming with the most intelligence and logic of any media company, and they MIGHT stop losing billions of dollars a quarter on Disney Plus in a few years.
Netflix is sinking because Disney killed it, not because streaming is dying.
 

Sirwalterraleigh

Premium Member
Disney is a completely unique business. The people running it have little to no concept of the specific challenges and opportunities presented by a company that is so deeply entrenched in and significant to popular culture. For the most part they treat it like a generic "business," and are thus completely unprepared for the wide exposure and intense scrutiny received by comments they consider unremarkable boilerplate. We've seen this repeatedly in the last couple years, played out as both tragedy and comedy.

Basically, the people running Disney don't know what Disney is.
Over the years I’ve attempted to state this very same ethos…with near zero success…about a 1,000 times

You did better 👌🏻

…usually I get the “wha??” Blank stare as they laud buying too much DVC/dcl 😎

Very very well said.
x2
 

MrPromey

Well-Known Member
Hence quotes like this from the article:

“The memories are worth more than gold,” she said. “Even if I did suffer from overdraft fees once I got home, when the reality set in.”

So magical :rolleyes:
These are the people who will find a way to pay more to go - not this guy:

rafjzqqeb6201.jpg


He's got better ways to spend his money on real luxury.

But I guess that's not Disney's problem as long as someone keeps paying.


Yes, I realize I replied to my own post. 😏
 

Casper Gutman

Well-Known Member
Netflix is sinking because Disney killed it, not because streaming is dying.
This isn't true at all. Netflix is sinking because Wall Street had absurdly unrealistic expectations for its success (and the success of streaming in general) and wildly overvalued it as a result.

Remember, Disney Plus isn't some goliath, it MIGHT stop losing money in 2024... by the same projections that once saw Netflix as the most invincibly powerful company in Hollywood.

Streaming isn't dying. It's a new secondary distribution pipeline for film content. Secondary distribution methods have changed before - witness the rise of home video. Its just that this time, for a variety of reasons, the corporate community lost their mind and all perspective regarding the change.
 

celluloid

Well-Known Member
Some of us were never impressed with him.

Exactly. The issue with corporate people being announced to move up, is it is likely that not one or a couple are going to be instant saviors. They moved up because they play ball the way the top like them to. They get to collect millions more a year because of the many more millions the top are allowed to collect without argument.
 

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