mikejs78
Well-Known Member
And how hard did you hit your head, exactly??
His point is exactly right. It was a success given the circumstances. I.e., it could have been a hell of a lot worse. What Disney showed in this quarter is that they are capable as a company at weathering the storm, and that they have the cash and financial discipline to get through this and not go bankrupt anytime soon. In sane times, it would be an absolutely disasterous earnings report, but expectations have been altered given the fact that we are in the midst of a global pandemic.
But the problem for Disney is the fundament alteration to what their business is going to be...and the pain is just beginning for everyone involved.
I think it's too premature to judge. 2020 is definitely a wash. If we enter 2021 with COVID waning, Disney can rebound. It will look different and will take a while to bounce back to previous levels, but all indications right now are that bookings are solid for 2021.
That’s why, in the mid-to-longer view, I think Universal has the advantage over Disney in terms of park rebounding, how ever many years in the future that becomes possible. They have an entire new theme park which may be on hold, but is now waiting in the wings to be restarted when the time comes for new product.
Comcast is in far worse financial shape than Disney and this is hurting them a lot more because their cash situation and decisions they made. I think long term Uni suffers far more than WDW.
People are naive if they think Chapek is calling the shots without Iger’s blessing. He’s not going to finish his term by end of 2021. Bet on it.
You're probably right there but @MisterPenguin's point was that it's not surprising that Iger wasn't doing the earnings call.