Californian Elitist
Well-Known Member
When did he do that? I thought the the US parks weren't supposed to be getting anything new for a couple of years?
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Might not see new attractions until 2018-20? Wall Street wants to scale back park investment?
- Thread starter CinematicFusion
- Start date
When did he do that? I thought the the US parks weren't supposed to be getting anything new for a couple of years?
GLaDOS
Well-Known Member
Yesterday during the conference call. Said an exciting announcement was coming for DL.
PhotoDave219
Well-Known Member
I dont think that the board cares to separate the MM+ program with other capital investments.
When you look at it that way... then WDW received 2B+ in investments... just all behind the scenes.
GLaDOS
Well-Known Member
Agreed. And the board knows Avatar is coming as well. And with MK still hitting record attendance, I really don't think they're in any rush.
PhotoDave219
Well-Known Member
Exactly. "If attendance isnt dropping, why do you need....."
Of course they do other things like discounted stays, free dining and other entitlements to get people to visit rather than improving the actual product.
Californian Elitist
Well-Known Member
Oh, okay. I highly doubt it'll be a new ride announcement. Probably something related to the 60th birthday and that's it. Wouldn't get my hopes up.
Great points!
alphac2005
Well-Known Member
I'm there with you, too. In all honesty, I think it's been very clear for several years now, they want to continue to kick the can down the proverbial road. Unless it's related to increasing high profit revenue streams like dining or shopping, there is no interest in investing in Orlando, period. They've hedged their bets that they can suck more money out of their minions with FP+ and will keep delaying, calling off projects, etc. if they can make their warped math work that the investment is a winner. In order to do that, don't build, continue to streamline to the core, and presto! Take funds that were originally allocated elsewhere, sub them in with all the cost overruns, and just keep running on Magic Moments, Memories, 30 something year old parade floats, blah, blah, blah.
The insane greed and stupidity of the market is clearly stunning and it points back to us as society, we haven't learned a darn thing. The stock continues to hit 52 week highs, dividends have basically doubled per share over the past half decade, but they always want more and have no long term vision. I'm quite the capitalist, but it's funny that in order to run a successful long-term business, you have to continuously reinvest. The formula is rather simplistic. Have a good product, keep reinvesting, and quarter after quarter more wealth is created for the business owner or investor. That's what's been done here, but with so much capital outlay, the investor wants more of the pie. NOW. The markets are all about today's profit and to heck with the future's prospects as long as they are cashing in. One more point is that companies like The Walt Disney Company are controlled in such huge percentages by institutional investment firms (Disney is somewhere around 2/3 of the outstanding shares held as such.) that we have less and less people controlling these massive corporations and they only want to line their and their associates pockets.
doctornick
Well-Known Member
I guess my question comes from other insiders on here who have indicated that DHS' attendence numbers have dropped, significantly, and that guests who do go there are not staying very long (and buying merch, food, etc). If that is true, then I don't see why there wouldn't be some sense of urgency in doing "something" to help out that park. Especially if they are planning to put Star Wars stuff in DL's Tomorrowland, then developing and building simultaneously in DHS would be cost effective.
doctornick
Well-Known Member
OK, but I don't get the inconsistency where they are investing in DLR even tough that resort is doing well financially as well. I guess the answer might be "they aren't going to be investing there" but the rumors about Star Wars in DL and Monstropolis in DCA seem pretty strong.
sponono88
Well-Known Member
It could be something minor, but I doubt Iger would hint at something like a new parade at the earnings call. I think he may be talking about larger investments but I don't know for sure.
From the @ocregister yesterday: Going to continue to invest in Disneyland. Will be "couple of exciting things we'll be announcing in the next couple of months," Iger said.
However, I feel that MM+ is eventually going to be implemented at Disneyland too. Shanghai is probably being built with all the infrastructure. $2 billion is not being spent only at WDW. Most of that money is going to behind the scenes through software, research, and development. Once MM+ is in full effect, all Disneyland needs to do is install magic band readers. The $2 billion is spent for all Disney parks, worldwide. It just so happens that it is being implemented at WDW first.
Californian Elitist
Well-Known Member
Good point. I hope the announcements have nothing to do with Star Wars. Doubt anything will be announced at D23. I was going to go this Saturday to the Expo, but I changed my mind. Is it me, or is there another big emphasis on the Disney Channel this year?
ToTBellHop
Well-Known Member
And why shouldn't that be the focus?
PhotoDave219
Well-Known Member
And why shouldn't that be the focus?
Whoever is that and .... yeah, who is that?
ToTBellHop
Well-Known Member
Someone who ate
Exactly, you don't force one resort with the full burden of MM+, and you don't spend 3 billion to increase profits at one resort, you spend it to increase them at all resorts worldwide!
PhotoDave219
Well-Known Member
Californian Elitist
Well-Known Member
And why shouldn't that be the focus?
She sure has grown up.
ToTBellHop
Well-Known Member
Nothing...which is why I'm not sure anyone would complain about that being on the menu at D23.