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

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kalel8145

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disneyglimpses said:
Am I the only one that thinks this project is incredibly financially irresponsible right now? The financial health of the company wasn't good enough to build some new things at EPCOT that would actually attract guests but it is good enough to re-theme an already immensely popular attraction. And then there are the massive macro economic factors that are going to ultimately affect Disney's attendance as we inch closer to a recession.
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So is this a confirmed 100% getting ready to happen? Still a maybe? Or Disney kicking the can down the road in hopes everyone will forget?
 
MisterPenguin

MisterPenguin

President of Animal Kingdom
Premium Member
disneyglimpses said:
Am I the only one that thinks this project is incredibly financially irresponsible right now? The financial health of the company wasn't good enough to build some new things at EPCOT that would actually attract guests but it is good enough to re-theme an already immensely popular attraction. And then there are the massive macro economic factors that are going to ultimately affect Disney's attendance as we inch closer to a recession.
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You make a lot of assumptions here:

1. Disney Corp is just fine financially. You only have to look at their quarterlies. The pandemic could've killed them. It didn't. Disney held near break even, and now, printing billions.

2. The "failure" to invest in Epcot wasn't financial in that they didn't have the money, it was financial in that they didn't want to spend it. If the park was making tons of money (it was), then why change anything? It was only the 50th Anniversary and recent changes (FP+ didn't solve crowding problems) that they finally did something.

3. It's not necessary that we're heading into a recession. Those who've been saying so since the lockdowns ended have been wrong. This past quarter had a relatively small dip in GDP. A recession is 2 quarters of GDP shrinkage. And the WSJ is predicting GDP growth to return next quarter.

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ToTBellHop

ToTBellHop

Well-Known Member
MisterPenguin said:
You make a lot of assumptions here:

1. Disney Corp is just fine financially. You only have to look at their quarterlies. The pandemic could've killed them. It didn't. Disney held near break even, and now, printing billions.

2. The "failure" to invest in Epcot wasn't financial in that they didn't have the money, it was financial in that they didn't want to spend it. If the park was making tons of money (it was), then why change anything? It was only the 50th Anniversary and recent changes (FP+ didn't solve crowding problems) that they finally did something.

3. It's not necessary that we're heading into a recession. Those who've been saying so since the lockdowns ended have been wrong. This past quarter had a relatively small dip in GDP. A recession is 2 quarters of GDP shrinkage. And the WSJ is predicting GDP growth to return next quarter.

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I just think Frog is a waste of money.

Make Splash presentable. Keep on not referring to slavery in any way (so keep it as it has been for 30 years…) and build a PatF water ride at DHS.

And…go!
 
Disney Glimpses

Disney Glimpses

Well-Known Member
MisterPenguin said:
You make a lot of assumptions here:

1. Disney Corp is just fine financially. You only have to look at their quarterlies. The pandemic could've killed them. It didn't. Disney held near break even, and now, printing billions.

2. The "failure" to invest in Epcot wasn't financial in that they didn't have the money, it was financial in that they didn't want to spend it. If the park was making tons of money (it was), then why change anything? It was only the 50th Anniversary and recent changes (FP+ didn't solve crowding problems) that they finally did something.

3. It's not necessary that we're heading into a recession. Those who've been saying so since the lockdowns ended have been wrong. This past quarter had a relatively small dip in GDP. A recession is 2 quarters of GDP shrinkage. And the WSJ is predicting GDP growth to return next quarter.

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Fair points but it still isn't the most favorable financial environment to do this project. That's really what I was dialing down to, even if I embellished it a bit.
 
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WDW Pro

WDW Pro

Well-Known Member
MisterPenguin said:
You make a lot of assumptions here:

1. Disney Corp is just fine financially. You only have to look at their quarterlies. The pandemic could've killed them. It didn't. Disney held near break even, and now, printing billions.

2. The "failure" to invest in Epcot wasn't financial in that they didn't have the money, it was financial in that they didn't want to spend it. If the park was making tons of money (it was), then why change anything? It was only the 50th Anniversary and recent changes (FP+ didn't solve crowding problems) that they finally did something.

3. It's not necessary that we're heading into a recession. Those who've been saying so since the lockdowns ended have been wrong. This past quarter had a relatively small dip in GDP. A recession is 2 quarters of GDP shrinkage. And the WSJ is predicting GDP growth to return next quarter.

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If you think we're hitting $6.00+ per gallon of gas in the United States by August AND government officials are now using the term "stagflation" AND you can't see the recession is straight ahead of you...
 
MisterPenguin

MisterPenguin

President of Animal Kingdom
Premium Member
WDW Pro said:
If you think we're hitting $6.00+ per gallon of gas in the United States by August AND government officials are now using the term "stagflation" AND you can't see the recession is straight ahead of you...

... well, there's a reason penguins end up with just some shiny pebbles.
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Well, when you constantly keep saying there will or might be a recession over the course of two years, you may eventually be right!!

Aug 2019
WDW Pro said:
Star Wars won't sink Disney and neither will the Fox acquisition. However, with ticket prices far too high, and the dependence on Parks to absorb the cost of Disney+, the chance of a recession could create a situation in which Disney has to cut expenditures significantly and offer multi-layered promotions to drive up attendance. Let's just hope the indicators aren't correct for an upcoming recession; we really don't need a significant downturn given the amount of national debt racked up in the past two decades.
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Feb 2020
WDW Pro said:
Unfortunately it's an issue of global mass media in which getting eyes to see you generates money. Thus, hysteria is big revenue. Is this disease a problem? Yes. Does it pose a significant threat to individuals with high risks to pulmonary disease? Yes. Is it the apocalypse? No. But if the media and the political hacks whip everyone into a frenzy, it could unnecessarily push all of us into a massive recession and a disruption of economies to the point we're struggling to keep supplies moving. Essentially, the globe is facing a new, highly contagious flu with potentially more serious symptoms that came out of China... but we're also facing a potential mass panic that exponentially increases hardship without any benefit.
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Apr 2020
WDW Pro said:
That said, you can expect that any project which can be delayed or cut, will be delayed or cut, unless there is some miraculous way that the American Government prevents a steep recession. Even if that plays out, though, it is unlikely that Disney will have international guest revenues anywhere near prior normal numbers for years.
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May 2020
WDW Pro said:
We'll just have to wait and see what happens with the hotel. It's very difficult to see it being successful in a recession, and we've already taken note of the waning popularity for Star Wars (sans Mandalorian). Maybe Chapek has changed course... but this is a high capital burn to complete with significant risk for lack of return.
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Tha Realest

Tha Realest

Well-Known Member
On this week's Daily Dish, @lentesta and Jim Hill offered speculation that DL's reskin was still on track, whereas WDW's is not. One of the reasons was the absolute paucity of information we've heard since the announcement. Just before that discussion, they mentioned the lack of new attractions and endemic capacity problems WDW finds itself in. With the capital outlays required for new attractions, and Epic Universe coming online soon, taking a perfectly functioning attraction offline for 2 years or so (and a few hundred million to change it) that doesn't increase capacity seems like a foolish step.
 
MisterPenguin

MisterPenguin

President of Animal Kingdom
Premium Member
EPCOT-O.G. said:
On this week's Daily Dish, @lentesta and Jim Hill offered speculation that DL's reskin was still on track, whereas WDW's is not. One of the reasons was the absolute paucity of information we've heard since the announcement. Just before that discussion, they mentioned the lack of new attractions and endemic capacity problems WDW finds itself in. With the capital outlays required for new attractions, and Epic Universe coming online soon, taking a perfectly functioning attraction offline for 2 years or so (and a few hundred million to change it) that doesn't increase capacity seems like a foolish step.
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So... they're making suppositions that others have made in this thread already.

Which aren't necessarily the case since they're not quoting any insiders they know who know for sure.

Cool.
 
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