DisneyDebRob
Well-Known Member
Expect me soon? No wait, that’s three words.. hmmmmm
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On layoffs, very bad attendance, and Iger's legacy being one of disgrace
- Thread starter pheneix
- Start date
UNCgolf
Well-Known Member
That's not really how corporate executive contracts are typically structured. I haven't seen John Skipper's (or Disney's in general), of course, so it's not out of the realm of possibility that the remaining contract length was somehow tied in to how much money he was going to receive, but generally that extension wouldn't really have any effect on whatever compensation he received as a result of termination.
CaptainAmerica
Premium Member
Skipper resigned in December 2017. Jimmy Pitaro took over three months later.
Oh and my version is the conspiracy version. No doubt no doubt.
Right, it's much more likely that Disney JUST SO HAPPENED to move their Consumer Products division under their Parks and Resorts division immediately after the chairman of their Consumer Products division took over the presidency of ESPN because the former president got himself canned due to a cocaine blackmail scheme. And this just so happened to set up a runoff for CEO between the head of the newly formed Disney Parks, Experiences, and Products division and the head of the newly formed Direct-to-Consumer & International division. Absolutely. You're right. None of this was planned. Disney absolutely blew up their ENTIRE corporate structure by accident and the first domino was John Skipper's coke dealer.
Oh and my version is the conspiracy version. No doubt no doubt.
brb1006
Well-Known Member
I'm picturing you appearing and disappearing from the boards like this moment from Spongebob.
Squidward - PhotoDave
Mr Krabs - Insiders
Spongebob - Members of this site.
You're absolutely right. This is why they are doing it to themselves. Disney needs to look like they have the lights on. This is their play to salvage future bookings. As the headlines get spookier and the virus sticks around, I dunno what those future bookings are gonna look like. Images of empty theme parks are almost as bad for their reputation than staying closed. It's so *obvious* ppl are staying away cause they don't feel safe.
UO had a little more motivation behind their decision than future bookings. They really wanted to be "first" to open. They leaned on the state government to make it happen. By all accounts this action forced Disney to commit to a much larger reopening than they wanted. If Comcast's goal was to waste as much of Disney's money as possible, they succeeded. I also think UO has an easier roadmap to a profitable operation re: smaller size. There currently isn't a lot of evidence they are making any money tho.
Sir_Cliff
Well-Known Member
As a complete outsider, one of the things I'm most curious about in this circumstance is how few people they need for WDW to break even or maybe even turn a small profit.
I know they've become accustomed to wringing every last dollar out of the place, but my broader feeling is that the fetish for endless growth in profits is one of the problems with the current economic model that has caused many of the things a lot of us dislike at the Disney Parks.
The idea that they could get by with each park (with reduced offerings) bringing in hundreds of thousands of dollars a day ($200,000-$500,000 at the low end?) in addition to whatever is coming in from the resorts and Disney Springs doesn't sound crazy to me. That kind of revenue would surely be the very minimum even with reduced attendance in the low thousands, though I have no idea what it costs to run each of the parks.
If that's the case, it's far from ideal... but it would suggest that the resort is not quite an iceberg set to sink Disney any day now. Again, though, this comes from a position of curiosity rather than knowledge. I think it's a given they haven't needed as many guests and as high prices as they have been charging for the place to run a healthy profit for a long time now, so it's kind of interesting to consider how low attendance could go and for it to technically still be a viable business.
I'm also super curious to know how DLP is going, though that seems off the radar.
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Askimosita
Well-Known Member
- In the Parks
- Yes
By my understanding, TWDC and the Shanghai Shendi Group— a group comprised of three Chinese divisions each controlled by the Chinese government—hold ownership. TWDC owns and manages 43% of the Theme parks and 70% of the outside resort. That’s why this theme park is very unlike the others, where truly American symbols and themes, like Main Street, are omitted and 80% of the rides are unique to this park. Disney had to appease the government to make sure there was no American undertones and things were very chinese nationalistic.
So, with this in mind, wouldn’t Disney have to sell their stake of the park to get out of it? China can’t completely control what they don’t own in entirety. They can be a road block in determining what goes in the park and what doesn’t, but by my understanding, they can’t just take it over.
If you think it was a conspiracy on what happened to Skipper, then that's unfortunate. Facts are facts. Some just think otherwise.
CaptainAmerica
Premium Member
Predator drones, presumably.
CaptainAmerica
Premium Member
The cocaine blackmail story is the conspiracy.
My version is a fairly straightforward case of corporate succession planning.
CaptainAmerica
Premium Member
EricsBiscuit
Well-Known Member
It’s Communist China. If the local Party chairman so much as snaps his fingers Disney is donezo.
SamusAranX
Well-Known Member
be that as it may, I see a hotshot civil suit lawyer in Orlando and “attention: affected Disney Annual Passholder 2020 Settlement” mailers in our future
That's what I was going to say!
Epcot is restaurantland. They should let people hop over there for a bite.
Oh, and get Rat up and running.
Askimosita
Well-Known Member
- In the Parks
- Yes
I think it was just a foolish thing to even mess around with putting a park in Communist China if it meant handing over the reigns, even a little bit. It ruins and jeopardizes the brand.
There are no words if you refuse to believe facts including John Skipper admission of guilt.
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CastAStone
5th gate? Just build a new resort Bob.
Like record setting attendance in February?
Chapek laid out what the metric will be to re-open, and complete profitability was not it.
He excluded depreciation expenses. The goal was enough people to cover daily operating expenses. I don't know how WDW puts a budgetary value to APers every time they click in, which can effect whether the day was 'profitable' or not.
I don't know if they met that goal. I'm sure Chapek will address whether they're hitting that metric in the Q3 webcast in five days.
You wouldn't know it by the queues (July's monthly average)...
But I thought EPCOT was super duper EXTRA popular now thanks to the addition of the BRAND NEW** Frozen ride?
It's tied as top drawer for the park by queue wait...
DisneyFanaticUK
Active Member
Perhaps anecdotally, as an international traveler, closed parks are definitely worse than photos with pathetic crowd numbers. Even the appearance of things running normally goes a long way.
The second the mask restrictions are lifted (no objection to them at all, I'm just a pasty Northern Irish guy who sweats a lot in the humid heat in Orlando) and the nighttime entertainment returns I'll weigh up whether or not a trip to theme parks are worth it.