Purduevian
Well-Known Member
So between launch and June 4th was 959 days.
They sold ~35,726 a day on average. Bonkers
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Lightning Lane at Walt Disney World
- Thread starter wdwmagic
- Start date
So between launch and June 4th was 959 days.
They sold ~35,726 a day on average. Bonkers
TheMaxRebo
Well-Known Member
So if we assume 2H '24 takes in same as first half that will be $547m (so over half a billion $)
If they get about 47m total guests at WDW, that would be like adding $11.60 to each daily admission (or per day to APs)
Jrb1979
Well-Known Member
IMO that's exactly why availability runs out so quickly on most days. The system can't support that many people using it each day.
GoofGoof
Premium Member
What’s even more bonkers is they completely revamped the system in what we assume is an attempt to increase sales further. 35,726 is a fraction of total visitors each day
GoofGoof
Premium Member
One way to look at this is instead of increasing ticket prices by $12 a ticket for everyone and making the service free like FP+ they instead raised prices $25-$30 per ticket for the 1/3 using the system and $0 for those not using. Guests have a choice now.
Before anyone says it, I acknowledge that they also raised regular ticket prices each year as well. I also acknowledge that paper FP and later FP+ were both free services. The point is Disney is going to get paid either way. Better to allow you to pick and choose vs a blanket increase in tickets. On a 7 day trip you can even pick and choose by day.
Purduevian
Well-Known Member
I don't have all the data, but Len has said HM gives out ~300LL per hour so over a 12 hour day that's 3,600 LLs per day.
High capacity rides (~3,600 LLs per day)
- Big Thunder
- Space Mountain
- Tiana's
- Buzz Light year
- HM
- small world
- Pirates
- Little Mermaid
- Living with the Land
- Nemo
- SSE
- MMRR
- RnRC
- Slinky
- ToT
- TSMM
- Dinosaur
- Everest
- Safaris
JAB
Well-Known Member
Seeing reports that the MDE app is prompting people to update to the latest version in order to use LL-MP/LL-SP.
Edited to clarify: This is just rolling out the necessary app changes ahead of the launch on the 24th and trying to get people to update now, so it's less of a mess on Wed.
Edited to clarify: This is just rolling out the necessary app changes ahead of the launch on the 24th and trying to get people to update now, so it's less of a mess on Wed.
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Dranth
Well-Known Member
People keep saying this but I don't believe it is true. The numbers are available to see and there doesn't look to be a single year where the segment that contains streaming didn't make enough money to cover D+ losses.
FY 2020: D+ launches. Covid happens and Parks lose money for the year so couldn't have covered anything.
FY 2021: DMED reports 7.2 billion in profit so no losses from streaming would be covered from DPEP.
FY 2022: DMED reports 8 billion in profit so no losses from streaming would bleed over into DPEP.
FY 2023: Un-Reorg takes place so annual report is changed but Entertainment brings in enough on it's own to not need any coverage from the parks.
FY 2024: For both Q1 and Q2, entertainment has had enough profit to cover any losses by streaming.
So, unless I am missing something, Disney has never needed the money from parks to cover streaming losses and if they meet their profitability goals (which they are on pace for) they never will.
An argument could be made they didn't want to spend money because they weren't making enough over all but that is different than claiming streaming was being subsidized by the parks.
Tha Realest
Well-Known Member
ToTBellHop
Well-Known Member
It’s so easy to make a fortune from streaming that almost no one does it. If only they knew they could just come here for guidance.
Dranth
Well-Known Member
We all know streaming has lost money. That wasn't in question but again, no money the parks earned was funneled into DMED or Entertainment (parks were/are in the DPEP/Experiences segment), which is what people keep implying. The other areas of Entertainment made more than enough to cover streaming losses every single year since streaming started. Even last year with the box office bombs the Entertainment segment was positive. You can look at the financials, they are publicly available.
Now, if you mean Disney did not spend as much on the parks as they would have otherwise because of streaming then I can see your point. However, they fired the guy who went overboard into streaming, scrapped or cutback many existing projects and put so little time into parks that the best, solid announcement we got at D23 was a figment M&G.
I think ever last person on here has a ton of issues with Iger. In terms of the parks, I think he is often blatantly out of touch, I don't always like what he picks to spend park money on, and no one should look past what he allowed to happen in terms of quality and value at the parks, but he hasn't been afraid to spend on the parks in a long time.
GoofGoof
Premium Member
Cash vs earnings are 2 different things. Large capital improvement projects in the parks require large sums of cash up front. That results in depreciation expense over many years so the earnings and the cash don’t line up.
TWDC has forecasted cash flows and has some idea where the cash in and the cash out will be. Most of the excess cash earned from all the various businesses combined goes to stock buybacks, the dividend now that it’s back and some goes to servicing the debt. If the cash flows from streaming were negative (they were) that excess cash needs to come from somewhere. The company was unlikely to cut back on stock buybacks, they could have but they didn’t. They did leave the dividend at zero after Covid for a little while. The point is that even if the overall Entertainment segment had positive earnings or positive cashflows that does not mean the losses at streaming did not result in less spend on capital projects in the parks. I don’t think we can say it’s just streaming. For WDW they also has the DeSantis thing and a lot of uncertainty there. The company also went through a major cost cutting plan more recently combined with stopping the bleeding from streaming so they are in a better position to spend more on the parks.
lentesta
Premium Member
I now think it’s closer to 480/hour tops. And multiple drops per day.
Hi again, any word yet on whether AP LLMPs need to match the park that’s on their park reservation?
nickys
Premium Member
I don’t see why. That isn’t a requirement of G+ and park hopping is unrestricted. That would be adding a new restriction for no reason.
Is that true? I know at one point you couldn’t book G+ for anything other than your first park until return times stretched past 2pm, but then I switched to an evening stacking strategy and haven’t paid attention. I hope you are right— we want to do the GOTG VQ in the AM but I don’t see much appeal in FEA or Remy and I refuse to accept that Soarin belongs in Tier 1 at all.
Eric Graham
Well-Known Member
I've heard that it's important to update your app before you go on your trip to use the new system.
easyrowrdw
Well-Known Member
I would’ve thought that “stealth” price increases would’ve worked better. G+ seems to have turned off a lot of people from both groups. Some that use it are frustrated by paying for a formerly free product. Some that don’t are mad that Disney removed a free service.
nickys
Premium Member
That 2pm restriction was only in force until they removed the park hopping restriction. You can tap in and go straight to your next park if you want to.
You can buy G+ for a single park that you plan to hop to and then stack as you say. Admittedly I don’t have an AP but I know lots of people who do and haven’t been restricted like that.