News Splash Mountain retheme to Princess and the Frog - Tiana's Bayou Adventure

[ImperfectPixie]

There are a very small number of CEO's who have the background and experience to run 100B+ market cap global entertainment companies.

These people (like athletes, movie stars, etc) are paid in the marketplace what the boards or private companies believe they need to pay them to attract and incent this very limited group.

Comcast, for example, has a market cap of about $200 billion dollars and has a struggling Peacock streaming service.

If the board of Comcast thinks that hiring Reed Hastings, who founded and runs Netflix, could turn that around and give their stock a 10% bump (BTW - that news could easily achieve this), thus generating an immediate $20 billion benefit for their shareholders/owners, how much should they pay Reed to come join them?

Conversely, how much should Netflix's board pay him to stay?

Also, how much would Comcast have to offer him to get him to leave Netflix and his years of unvested options?

The answer will be hundreds of millions in total long-term compensation. That decision, regardless of how it feels, has nothing to do with what they pay their front line workers.

Comcast may absolutely love the popcorn vendor working at Islands of Adventure with all their heart, but the world's greatest popcorn vendor will not move a share price a single penny. They will simply pay the going rate in Orlando to get someone to take that job.

Lebron James makes $40 million dollars a season and the guy selling the beer in the stands makes $15/hour. Because having James on a team and winning a championship can potentially increase the long-term value of that franchise by hundreds of million dollars.

That isn't an insult to the honor of the beer vendor's job - it's just the value of the role in the marketplace.

Personally, I don't think James is worth that, but what I think is irrelevant. The marketplace has determined that is his value and the Lakers are paying him accordingly. Whether James makes $20, $30, or $40 million dollars is not going to change the hourly wage of the beer vendor.

As long as there is competition for talent, there will always be an open market for compensation (well, except in collective bargaining agreements, then pay is ironically often fixed by role/seniority).

The piece you're missing is that the "marketplace" isn't really a marketplace at all...it's all the same people who are on the boards of these companies. And yes, Comcast is one of those companies that puts tons of resources into making sure that pay rates stay low...ever wonder why their tech support is so horrible? Have you tried calling and talking to an actual person lately?

 

[MisterPenguin]

The piece you're missing is that the "marketplace" isn't really a marketplace at all...it's all the same people who are on the boards of these companies. And yes, Comcast is one of those companies that puts tons of resources into making sure that pay rates stay low...ever wonder why their tech support is so horrible? Have you tried calling and talking to an actual person lately?

Lately?

Ever.

 

[ImperfectPixie]

Lately?

Ever.

I never had any issues with Comcast aside from their ridiculous prices - save for ONE. A person tried to tell me that because we were late paying our bill, our purchased movies were unavailable to us and being held "hostage". Needless to say, I called back and spoke to someone else about the situation and it was resolved immediately.

Up until recently (last year, maybe?), I was always able to call and get in touch with the people I needed to speak with...but then again, I'm very tech savvy and knew how to escalate to a higher level of tech support very quickly (and saved myself the agony of a "tech" reading through a pre-written script designed for people who don't know anything about technology). Now it's just an automated system and good luck getting it to put you through to a human.

 

[91JLovesDisney]

Well that's not necessarily true of, say, a pop star. Some of them don't have to do anything but sing (and maybe learn some choreographed dance moves). They often don't write any of the songs or perform any of the music -- not that I have any problem with the money they make. People like it and pay for it, so they deserve to get their share (although they may get an outsized share compared to the studio musicians etc. who actually play on the record).

I also think that downplays how much CEOs work. A lot of them regularly work 12+ hour days.

I'll rephrase for Dear Prudence - Producers work a lot harder and have to have a lot more skills than any CEO. I agree, most singers (and even some composers) these days don't actually do much... Producers never get anywhere near enough credit

 

[Dear Prudence]

Interesting.

Your position is that musicians' skills are more unique and valued in the marketplace than a person who can run a global quarter of a trillion dollar media conglomerate like Disney?

For example, Beyoncé's compensation should be unlimited, but Reed Hastings who created

I'll rephrase for Dear Prudence - Producers work a lot harder and have to have a lot more skills than any CEO. I agree, most singers (and even some composers) these days don't actually do much... Producers never get anywhere near enough credit

I've worked in the music business for over 10 years, producers are musicians. Many, many musicians produce their own works from top to bottom. You don't have to rephrase anything for me, thanks~!

 

[matt9112]

Certainly a fair comment. But those aren’t the rules right now, so Disney has to pay market rates for executive compensation.

Regardless of the pay of Chapek, even if you paid Chapek and the executives $0 for the last 2 years, the parks division lost $12 billion in profits and cash flow compared to if you held pre-pandemic levels flat. That money would have funded projects like the retheme. Since the money isn’t there, certain projects have to be delayed/cancelled.

They will start investing again soon, but I don’t understand why people expect them to keep spending like it’s 2019. That’s all I’m trying to say. They have taken a big hit financially any way you slice it the last 2 years. Once things get better, you’ll see more investment into the parks.

They could focus on why there ROI on new rides is so...poor....theres no excuse for the amount of money they shovel away for fancy wrist bands and fake mountains.

 

[Dear Prudence]

Yesterday

the tracks on the flume drop are so funky looking!

 

[Goofnut1980]

Pretty sure this will not be built. If the CEO's got over $70MM in salaries last year. It wouldn't have taken that much to redo the attraction. LOL

 

[UNCgolf]

I've worked in the music business for over 10 years, producers are musicians. Many, many musicians produce their own works from top to bottom. You don't have to rephrase anything for me, thanks~!

Brian Wilson!

Sorry, can't resist any chance to mention how great Brian Wilson was.

 

[Midwest Elitist]

Pretty sure this will not be built. If the CEO's got over $70MM in salaries last year. It wouldn't have taken that much to redo the attraction. LOL

They're probably still in the design phase, don't think it's been cancelled. I think anything that actually costs $$$$$$$$ isn't going to start for a while...

Then again, who knows. Now that the Twitter trolls are accusing Disney of misappropriating in Encanto, maybe Disney will stop listening to the knee-jerkers?

 

[MisterPenguin]

Pretty sure this will not be built. If the CEO's got over $70MM in salaries last year. It wouldn't have taken that much to redo the attraction. LOL

How sure?...

'Injun Joe's Cave' Sign Removed, Raft Names Painted Over at Tom Sawyer Island in Magic Kingdom

Walt Disney World news, photos, and reviews! We provide you with daily news from the Walt Disney World theme parks and beyond

blogmickey.com

 

[Dear Prudence]

How sure?...

'Injun Joe's Cave' Sign Removed, Raft Names Painted Over at Tom Sawyer Island in Magic Kingdom

Walt Disney World news, photos, and reviews! We provide you with daily news from the Walt Disney World theme parks and beyond

blogmickey.com

Oh, God, I saw this yesterday. Everyone was sending it to me. Disneyland took theirs out over 10 years ago. I know people mean well by sending this to me, thinking that I will be excited about good news, but, like, the 'Injun Joe' ish is legitimately one of my mental health triggers. Having flashbacks to elementary school and having kids mock me that my biofather was "Injun Joe," a "drunk Indian," etc. Talk about bad memory lane.

At any rate, non-Native people on either "side" of the argument were predictably annoying.

 

[EagleScout610]

Getting back on Splash, it seems the retheme blurb on the ride page for both WDW and California is gone. Of course its now one about the ride being closed for rehab but still kind of interesting

 

[Midwest Elitist]

Getting back on Splash, it seems the retheme blurb on the ride page for both WDW and California is gone. Of course its now one about the ride being closed for rehab but still kind of interesting

It changed to "will be undergoing refurbishment soon" a while back. Don't think it means anything, sadly.

 

[91JLovesDisney]

I've worked in the music business for over 10 years, producers are musicians. Many, many musicians produce their own works from top to bottom. You don't have to rephrase anything for me, thanks~!

I figured most here would imagine Beethoven when you said 'musician'

What do you do in the music industry?

 

[TikibirdLand]

I figured most here would imagine Beethoven when you said 'musician'

What do you do in the music industry?

Don't know about others. But, when I hear 'musician', I think Barry Manilow. After all, he wrote the songs!

 

[mary2013]

Don't know about others. But, when I hear 'musician', I think Barry Manilow. After all, he wrote the songs!

Which brings us back to the Beach Boys.

 

[Dear Prudence]

It changed to "will be undergoing refurbishment soon" a while back. Don't think it means anything, sadly.

The WDW website is so much harder to navigate than Disneyland --but, yeah, weird that that's been removed!

 

[UNCgolf]

Which brings us back to the Beach Boys.

Indeed it does, for better or worse. The non-Wilson wing.

 

[Brer Oswald]

The WDW website is so much harder to navigate than Disneyland --but, yeah, weird that that's been removed!

It’ll be back as soon as (if?) the ride reopens.