Am I reading last Quarter's financials wrong? It looks like they have just about exactly $10B on hand.
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Orlando Becoming East Coast Headquarters for Disney Parks, Experiences, and Products
- Thread starter The Visionary Soul
- Start date
Sirwalterraleigh
Premium Member
We got a player in here making waves…I admire the game though
But seriously…We know that Disneys problems are many and that they all lead back to Robert Iger…I’ll accept written apologies to everyone who didn’t listen when it was going south years ago. When someone shows you who they are…believe them.
Well did they say “Disney parks” on them? Because things have never been the same since that con artist Rasulo did that
mikejs78
Premium Member
$10.39B to be more precise. Disney could buy Hulu without taking on any debt and giving any stock if it wanted to.
Given the current state of Disney's finances....I seriously doubt they currently have the money to build the Lake Nona campus and move a bunch of employees that really dont even want to move in the first place.
This has less to do about DeSantis and everything to do with Disney cutting every dollar they can. They dont have the money to do this Bob Chapek erra project today.
Disney has way.....I mean....WAY larger and more SERIOUS problems than trying to build this place out and move staff.
I do love how people think that DeSantis caused this....haha
Is there anybody here that is ready to blame the closing of the Star Wars hotel on DeSantis too? Im sure there is somebody that will try...
This has less to do about DeSantis and everything to do with Disney cutting every dollar they can. They dont have the money to do this Bob Chapek erra project today.
Disney has way.....I mean....WAY larger and more SERIOUS problems than trying to build this place out and move staff.
I do love how people think that DeSantis caused this....haha
Is there anybody here that is ready to blame the closing of the Star Wars hotel on DeSantis too? Im sure there is somebody that will try...
Chi84
Premium Member
DeSantis has gone out of his way to make everything concerning Disney about him. Take a look at all the news reports today. It’s working.
MarvelCharacterNerd
Well-Known Member
"About 200"
Almost 2 years after the
So, way way way more people gave up their hopes, dreams, and careers rather than move.
And now it turns out they didn't really need to.
BuddyThomas
Well-Known Member
Disney already said that they would assist with relocations back to California. Maybe they will be happy about that after 90+ degree weather in May."About 200"
Almost 2 years after themass layoff... relocation... of 2000 jobs.
So, way way way more people gave up their hopes, dreams, and careers rather than move.
And now it turns out they didn't really need to.
MagicHappens1971
Well-Known Member
As we just discussed above, they have about $10 Billion in cash on hand. They can afford to build the campus.
Wendy Pleakley
Well-Known Member
I think to a large degree, Universal's target audience is Disney visitors who are willing to do a couple of days at Universal as part of their Disney focused vacation.
People go to Florida for Disney, first and foremost.
Universal has certainly come into their own in recent years, but anyone who thinks Disney isn't the primary driver of Florida tourism is kidding themselves.
Stripes
Premium Member
The DeSantis team is trying to spin the cancellation as a good thing for Florida, as there will be less Democrats moving to the state. Definitely a concerning position to take. Nonetheless…
I have to wonder, if it was such a bad thing for the state, why did they give Disney hundreds of millions of dollars in tax credits to make the move?
I have to wonder, if it was such a bad thing for the state, why did they give Disney hundreds of millions of dollars in tax credits to make the move?
Figgy1
Well-Known Member
lazyboy97o
Well-Known Member
Disney was taking advantage of generally offered incentives, not ones crafted just for them.
Figgy1
Well-Known Member
True but....................................
Stripes
Premium Member
Oh, I know. But Disney is hardly the only company whose employees lean left. If the state is unhappy about attracting businesses that employ a lot of Democrats (the horror!) why are they offering such generous incentives for companies to do just that?
And clearly, given the incentives, the state recognized and appreciated the economic benefits, otherwise the project wouldn’t have been eligible for incentives.
Now, I don’t necessarily think the cancellation of the project was incited by DeSantis but the DeSantis team’s spin isn‘t logical. If the project wasn’t cancelled they would’ve pointed to it and said “Look at all the jobs! Even with our war with Disney, the company still thinks Florida is more business friendly than California.”
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SpectroMagician
Well-Known Member
Disney is struggling due to a huge drop in quality across the business. Everyone knows this is not the Disney of 15 years ago. The DeSantis thing is just a convenient excuse for a company that is struggling financially
Stripes
Premium Member
Ah yes, 2008. A legendary time for Disney quality and profitability. Nothing but hits.
From Bolt to Beverly Hills Chihuahua, that year was peak Disney.
Casper Gutman
Well-Known Member
And before that horrible albatross, the MCU, got tied around their neck. What a burden! I mean, sure, GotG3 has legs that ZZ Top could sing about, but who really wants a movie about a cartoon racoon?
Just look - Disney ONLY has three of the five top grossing films so far in 2023. Embarrassing.
Alan Horn would've been the one who would've caused a new Disney Dark Age, not Iger. And Horn is gone. Gone. The bad man is gone. Chapek's gone, Daniel's gone. Stability is back. And the fundamentals are just fine.We got a player in here making waves…I admire the game though
But seriously…We know that Disneys problems are many and that they all lead back to Robert Iger…I’ll accept written apologies to everyone who didn’t listen when it was going south years ago. When someone shows you who they are…believe them.
Well did they say “Disney parks” on them? Because things have never been the same since that con artist Rasulo did that
Disney's got a lot of upside from here, and it's going to get better.
Funny you use that Maya Angelou quote but don't actually follow it. Iger has shown us who he is since he entered the company, as a great, calming influence that spurs growth. I believe him.
Disney's executives lean right. Iger is very much a libertarian. Disney's executives are not a hivemind. Since Eisner's day, Disney donates equally to both parties. The only person who made Disney "lean left" was Harvey, and he's been gone since 2005. So no, Disney is not "left" by any means.
Iger was considering a run for president as a democrat, so I don’t know the “very much libertarian” moniker fits him, and as for Disney the company, it’s a California Hollywood/Burbank entertainment studio and as such politically aligns left with the rest of Hollywood.