I wonder if any of the upper-level executives at Disney reads newspapers. Some nuggets from the recent Business Journal:
- A new Transformers-themed thrill ride helped lift attendance and guest spending at Universal Orlando during the summer.
- Comcast Corp., said it was the largest quarterly operating cash flow ever produced by the parks division.
- "We obviously have grown increasingly bullish about the theme-park business." - Steve Burke
- Analysts who follow Comcast are upbeat about its parks. Jessica Reif Cohen of Merrill Lynch called the segment's third-quarter results "very impressive."
- "It seems pretty clear that new attractions drive attendance."
- To maintain momentum, Comcast has stepped up the pace of new attractions for its parks, with a goal of opening new rides annually at both its East and West Coast resorts. The strategy was evident in the company's third-quarter financials, as NBCUniversal's total capital spending nearly quadrupled — from $75 million to $284 million
- "We're making these investments because we really like the business." - Steve Burke
- Comcast executives expect even bigger numbers next year, when they will complete a second Potter-themed area, Diagon Alley, at Universal Orlando.
So we have...
New attractions = more people and more guests spending
CEO of a huge conglomerate going on record to say he likes being in the theme park business.
Financial analysts (of all people) agreeing that new rides drive attendance.
A QUADRUPLE increase in capital spending at the parks.
A company plan to open a new ride every year.
The largest operating cash flow ever produced by the parks division.
The entire article is essentially a rebuke of the current Disney Parks business model.