ford91exploder
Resident Curmudgeon
"These days"? When wasn't it correct? Corporations always need to profit. Theme parks always need to profit.
Yet if one looks at @ParentsOf4 historical charts of gross profit margin WDW did far better financially when it was run as an integrated whole and you did not have various 'business units' competing on their individual contributions to the 'bottom line', It's only now with one park down to 5 rides and cuts in everything from maintenance to entertainment that WDW is even approaching the low end of the Miller/Eisner years.
Disney is an example in process of Warren Buffet's dictum, "If you manage for the bottom line, Sooner or later you WILL NOT have a bottom line".
Disney has decided it no longer wants it's most enthusiastic customers, it wants 'First Timers' who cannot see the declines in quality. However it will take only one severe downturn in travel to destroy the P&R unit now. After 9/11 it was the locals and hardcore fans who saved WDW. Disney has turned many of these people off when the next travel downturn hits - no amount of cost cutting is going to replace the turned off WDW fans. Perhaps we will see WDW go the way of River Country after all.