It's not just how the company operated back in the Walt Disney Productions days; the parks and resorts are still a massive part of The Walt Disney Company as it operates today. According to the 2019 financial report, the DPEP division is responsible for the largest share of the company's revenue (~37.7%) and second largest share of its profit (~45.5%).
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Even in FY2020, when the parks and hotels were all shuttered for varying portions of the year, and running at severely reduced capacity when/if they reopened, and consumers were stuck at home consuming their direct-to-consumer content, DPEP still managed to perform better than DTC. DTC's losses are were nearly 35 times greater than DPEP, which is really impressive when you consider how little overhead that division has.
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Parks aren't just a side business for Disney to make a little extra cash. They're the core product that has time and again allowed the company to ride out the fickle nature of the film and television industry. Even during recessions and other periods when tourism has declined, they still remain one of the strongest and most reliable parts of the company.
If the parks weren't printing cash, why else would the company have treated WDW like the company's ATM for all these years?