Jrb1979
Well-Known Member
I personally see them selling off parts of the Company like the parks. I don't see them going out of business but I do see a day they no longer are the number 1 theme park in the world.
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Prices up…profits down…
- Thread starter Sirwalterraleigh
- Start date
StarWarsGirl
Well-Known Member
- In the Parks
- No
Disney is nowhere near declaring Chapter 11 bankruptcy.
Chi84
Premium Member
You must be new here . . .
StarWarsGirl
Well-Known Member
- In the Parks
- No
Been here longer than you have, lol
StarWarsGirl
Well-Known Member
- In the Parks
- No
Disney has no cash flows issues nor going concern issues. Businesses will sell segments that don't align with their overall product or that are too costly to maintain. Disney has done this with selling DraftKings previously and can also sell businesses in which they have a non-controlling interest if they need cash.
I know this is par for the course for the board, but speculating that they would sell the American parks, go into bankruptcy, etc., at this point, is, to be frank, completely and utterly absurd. Maybe internationally they would sell them to a local operator and license their product, as Tokyo operates, although currently they only own 47% of the Shanghai resort and do not operate the Hong Kong location. But not the American ones. Especially not when they're spending money on capitalized assets in those parks (new resorts, rides, attractions, themed lands, etc).
TrainsOfDisney
Well-Known Member
Speculating about selling the parks is not absurd. We know it’s been considered in the past.
StarWarsGirl
Well-Known Member
- In the Parks
- No
No company is going to dump a bunch of money into capital assets for a product that they have no faith in, especially one that's bringing in the amount of revenue and profit that the parks are generating, even if the results weren't as expected. Maybe they were speculating this 20 years ago under Eisner when they weren't investing in the parks, but their spending right now and the segment profitability indicates yes, that idea is absurd.
FettFan
Well-Known Member
I do not understand how you could come to this conclusion. Disney theme parks have been the #1 part of their brand identity since 1955.
Even their various castle logos are essentially subtle advertising for the parks.
Nevermore525
Well-Known Member
There’s been what 2 times in their history of the parks where sale of the parks have come up? Once during the corporate raider situation in the 80s before Eisner came along, and then loose speculation regarding what Comcast would be able to do if they were to acquire Disney in the early 00s.
FettFan
Well-Known Member
It was considered in the past, in the immediate aftermath of Walt’s death….long before Disney Renaissance and blossoming into the juggernaut corporation it is today.
FettFan
Well-Known Member
I honestly have no memory of this.
Nevermore525
Well-Known Member
There was talk of Comcast acquiring Disney back then, and that’s actually when the state did their analysis of RCID pending a potential acquisition. Comcast may not have sold off the parks, but there were definitely conversations about how the parks and their governance would transfer if a sale happened.
Nevermore525
Well-Known Member
Either way, at the current moment the Parks are at no risk of being sold off. The Walt Disney Company as a whole just had its most profitable 4 quarter period since 2018. [Insert obvious comments about how they’re doing it by higher pricing like practically every other corporate entity].
Jrb1979
Well-Known Member
While true, they have talked about selling them off before. It wouldn't be the first time.
Goofyernmost
Well-Known Member
No, but they could dump a bunch of money into capital assets they have no faith in if they believe that they know why there is a problem and feel they know how to fix it. Then they would take a gamble on being able to make it better. That wouldn't happen until a place like Disney decides to accept an offer that currently coincides with how the business is doing. The longer it goes downhill the lower the price would get.
Mind you, I'm not saying that it is going to happen in the immediate future, however, in my opinion if the trend continues it will happen at some point.
StarWarsGirl
Well-Known Member
- In the Parks
- No
No. Just...no.
Comcast tried to buy Disney with a hostile bid takeover. The Disney board said the offer was too low ( aka sell at the right price ).
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Jrb1979
Well-Known Member
Six Flags Orlando Resort just rolls off the tongue. Just think of the attractions they would add. An RMC raptor in Space Mountain would be amazing.
IanDLBZF
Well-Known Member
Chi84
Premium Member
I know you’re kidding but I remember how Six Flags ruined Marriott’s Great America.