Model3 McQueen
Well-Known Member
- In the Parks
- No
-
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On layoffs, very bad attendance, and Iger's legacy being one of disgrace
- Thread starter pheneix
- Start date
PhotoDave219
Well-Known Member
Its going to go on longer unless people get their act together. People are going to flip when they realize Christmas isn’t happening. You can forget Halloween. Target just cancelled Black Friday. The writing is on the wall and things are not getting better because this is something you simply cannot ignore and it will go away. It won’t fix itself.
At this point, companies are trying to mitigate their losses. As @pheneix is saying, it’s all about survival right now.
rk03221
Well-Known Member
I definitely agree. Aside from small business and tourism, are any other industries getting hammered? I know those are the biggest two that are in jeopardy
PhotoDave219
Well-Known Member
Well it’s not all doom and gloom. The parks will be fantastic to visit for anyone who’s there. MK & EPCOT are fantastic to tour at 1/4 capacity or less. Very, very enjoyable.
The deals will be there once all this pandemic is over. Will the guests return to 20M/yr at MK? Not for a long time....
Model3 McQueen
Well-Known Member
- In the Parks
- No
As a side note, I was wondering when those price increases were going to catch up with Disney - especially considering their irresponsible attitude of making everything IP / some form of advertisement and sacrificing quality. It was only a matter of time.
That largely depends on how certain financial circumstances play out. Disney is pretty screwed. WDW is losing more money than if they stayed closed. They say staying open is worth it to encourage future bookings. Thus, its like a loss leader for future sales. I dunno what to say to that logic. Nothing Disney do today will change a consumer mind about what they do in 2022. Who knows what the world will look like. You can't even get people to commit to 2021 ideas.
The company at large is a train wreck. I really don't know how things are gonna turn out. Most of Iger's legion will be gone. That's for sure. He destroyed the company with the Fox acquisition. He left no reserve for a rainy day. Now the storm hit and Disney has a cash crisis. Is Iger making sound decisions? No. He is using the company's resources to save his legacy. And by legacy I mean Disney's stock price. Because that's where his wealth is.
PhotoDave219
Well-Known Member
Everything service based. Hotels, restaurants, bars, etc. Any business that operates solely on its margins is at risk. Any company that spent like an addict on a coke bender and had nothing saved away in case the world ended.
Just gotta test and isolate. Then contact trace and test and isolate those folks. Rinse, lather, repeat. Gotta work on the assumption that a vaccine won’t save us. Gotta isolate the virus and make it burn itself out.
It’s just much easier to do that when it’s a handful of villages in Central Africa rather than the whole bloody planet.
Orlando is a low wage city and one of the worst in the US for housing affordability. I’ll argue that most CM’s are a missed paycheck away from deciding if they want rent or food.
So, like 2008. But with fewer $150/wk motels on 192.
PhotoDave219
Well-Known Member
I have an epic beer cellar, work in an essential industry, and have a lot more in savings now than I did in 2008.
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All the OG people coming back is necessary. We are at the precipice of the most titanic change in the company's history. We all know it.
COVID-19 has called out a lot of business bluffs. Disney is no different. They just have a decade of *insane* customer management ditching the middle class for a kind of customer that's ceasing to exist.
PhotoDave219
Well-Known Member
brb1006
Well-Known Member
Except this time the beer and companionship is better.
Midnight here on the best coast.
HairyChest
Well-Known Member
I'll be at the parks for the first 2 weeks in August to enjoy the low crowds. I wonder how soon they will cut the number of days of parks open / layoffs. Are we talking like within the next month? 3 months? beginning of 2021?
hopemax
Well-Known Member
I think it’s best to assume every industry is getting smacked, and walk out the few companies that aren’t. Even the ones we hear are okay, have to be managing supply chain issues and labor costs that can’t stay like this without damage eventually. At some point the pain is going to spill into consumers, and all the online activity, home improvement projects, and curbside pickups keeping some things afloat is gonna run out.
Quarterlies are going to be interesting.
Model3 McQueen
Well-Known Member
- In the Parks
- No
Now I'm a little concerned as to what this means for sponsorships and non-Disney properties. Is Tower of Terror in danger again? What about RnR and Test Track?
We also know WDW maintenance is a joke. Is the continually ignored upkeep (back when they were doing well pre-virus) going to wreak havoc now? Just look at whats happened to Splash, peoplemover, B-mode dinosaur, tipped over parrot and everything else. How much worse is this going to get?
We also know WDW maintenance is a joke. Is the continually ignored upkeep (back when they were doing well pre-virus) going to wreak havoc now? Just look at whats happened to Splash, peoplemover, B-mode dinosaur, tipped over parrot and everything else. How much worse is this going to get?
Unbranded’s version of Black is Beautiful for me. I downed one four pack and it’s 10% and 500ml cans. I am happy.