DisneyFan 2000
Well-Known Member
I agree. VS implies two sides putting on a fight.
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The Spirited Seventh Heaven ...
- Thread starter WDW1974
- Start date
LithiumBill
Well-Known Member
You win the internet today.
Well said. Universal does not discriminate. You can pay to gain entry to their park even if you are wearing your Mickey Footie Pajamas...
LithiumBill
Well-Known Member
Seriously though, I love WDW. (I have a feeling we all do, otherwise why are we here?) But at the same time, why the heck would I NOT go down I4 to check out Universal?
Are people that blinded by brand that they would not allow themselves enjoyment? Do people only go to see DISNEY MOVIES and skip everything else? Do they only buy clothes from the Disney Store? Only?
I just don't get it.
Are people that blinded by brand that they would not allow themselves enjoyment? Do people only go to see DISNEY MOVIES and skip everything else? Do they only buy clothes from the Disney Store? Only?
I just don't get it.
Some people are easily lead astray. The type of people that watch the main stream news (pick any network) and think they're getting unbiased reporting.
ParentsOf4
Well-Known Member
Budgets typically are based on revenue, not market cap. In general, discussing market cap is less informative than discussing revenue. (Unless you are planning a takeover.
)Profit depends on how well an organization executes towards generating that revenue.
At its most basic level, revenue reflects the strength of sales. Profit reflects the strength of planning & execution.
There are plans that sacrifice larger long-term profits for smaller short-term profits, and other plans that sacrifice smaller short-term profits for larger long-term profits. (If a plan doesn't produce larger long-term profits than smaller short-term costs, then it's just a dumb plan.) Typically, a company wants to invest X and see an X+Y rate of return over Z years.
Reducing quality, maintenance, budgets, or investments are methods of enhancing short-term profits. So is raising prices.
In general, executive compensation packages tend to favor short-term profit, which means many companies tend to focus on the short-term gain.
Divisions within a company don't all operate the same. Some organizations are better than others at planning and execution. Some are better at "selling" their plan to the CEO. Having a CEO who "gets" what you're doing and who trusts the people running that organization makes it easier to get a long-term plan approved. The less the CEO understands what you are doing, the more likely the CEO will focus on short-term performance.
Disney's P&R "investing activities" is at 15% of revenue. Considering that the majority of Disney's "investing activities" is FF&E and maintenance capital, Disney's budget for what Rasulo calls "special projects" is relatively small, with most of that budget currently being spent overseas. P&R's domestic special projects budget is close to post-9/11 levels.
Considering the historically (for Disney) low level of P&R domestic investment today, it suggests a corporate leadership that does not trust P&R to execute.
Given the current state of MyMagic+, it's perhaps understandable.
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wdwfan4ver
Well-Known Member
I have a hard time Jimmy Thick being Jason Surrell based on the fact Jimmy Thick in his profile claims he is from Milwaukee, Wisconsin unless Jimmy lied about his location.
Nubs70
Well-Known Member
But isn't facility maintenance usually found as a line item in the operating income section? While physical improvement falls as a line item within the investment income?Budgets typically are based on revenue, not market cap. In general, discussing market cap is less informative than discussing revenue. (Unless you are planning a takeover.
Profit depends on how well an organization executes towards generating that revenue.
At its most basic level, revenue reflects the strength of sales. Profit reflects the strength of planning & execution.
There are plans that sacrifice larger long-term profits for smaller short-term profits, and other plans that sacrifice smaller short-term profits for larger long-term profits. (If a plan doesn't produce larger long-term profits than smaller short-term costs, then it's just a dumb plan.) Typically, a company wants to invest X and see an X+Y rate of return over Z years.
Reducing quality, maintenance, budgets, or investments are methods of enhancing short-term profits. So is raising prices.
In general, executive compensation packages tend to favor short-term profit, which means many companies tend to focus on the short-term gain.
Divisions within a company don't all operate the same. Some organizations are better than others at planning and execution. Some are better at "selling" their plan to the CEO. Having a CEO who "gets" what you're doing and who trusts the people running that organization makes it easier to get a long-term plan approved. The less the CEO understands what you are doing, the more likely the CEO will focus on short-term performance.
Disney's P&R "investing activities" is at 15% of revenue. Considering that the majority of Disney's "investing activities" is maintenance, Disney's budget for what Rasulo calls "special projects" is relatively small, with most of that budget currently being spent overseas. P&R's domestic special projects budget is close to post-9/11 levels.
Considering the historically (for Disney) low level of P&R domestic investment today, it suggests a corporate leadership that does not trust P&R to execute.
Given the current state of MyMagic+, it's perhaps understandable.
GoofGoof
Premium Member
Here are my thoughts. MyMagic+ is pretty much done (at least as a capital project). The extra costs now are mostly related to CMs and customer service which is getting expensed by now. When they are looking at a longer term capital budgets it shouldn't factor in. If the returns are less than expected it's irrelevant at this point. It's a sunk cost. It makes no sense for a business to say, "we had an unsuccessful project so let's stop all activity". Especially a company rooted in the film industry. You don't postpone or cancel the next movie when one bombs. Depending on how big the bomb is someone usually gets fired, but who do you fire over MM+? Iger? Staggs? Rasoulo? It was their project, but it's not going to happen. Just move on.Budgets typically are based on revenue, not market cap. In general, discussing market cap is less informative than discussing revenue. (Unless you are planning a takeover.
Profit depends on how well an organization executes towards generating that revenue.
At its most basic level, revenue reflects the strength of sales. Profit reflects the strength of planning & execution.
There are plans that sacrifice larger long-term profits for smaller short-term profits, and other plans that sacrifice smaller short-term profits for larger long-term profits. (If a plan doesn't produce larger long-term profits than smaller short-term costs, then it's just a dumb plan.) Typically, a company wants to invest X and see an X+Y rate of return over Z years.
Reducing quality, maintenance, budgets, or investments are methods of enhancing short-term profits. So is raising prices.
In general, executive compensation packages tend to favor short-term profit, which means many companies tend to focus on the short-term gain.
Divisions within a company don't all operate the same. Some organizations are better than others at planning and execution. Some are better at "selling" their plan to the CEO. Having a CEO who "gets" what you're doing and who trusts the people running that organization makes it easier to get a long-term plan approved. The less the CEO understands what you are doing, the more likely the CEO will focus on short-term performance.
Disney's P&R "investing activities" is at 15% of revenue. Considering that the majority of Disney's "investing activities" is maintenance, Disney's budget for what Rasulo calls "special projects" is relatively small, with most of that budget currently being spent overseas. P&R's domestic special projects budget is close to post-9/11 levels.
Considering the historically (for Disney) low level of P&R domestic investment today, it suggests a corporate leadership that does not trust P&R to execute.
Given the current state of MyMagic+, it's perhaps understandable.
I am optimistic that the talk of cutbacks due to MM+ is a bit exaggerated. I'm hopeful that in the next 5 year capital budget WDW is going to get some serious investment. Starts with AK and Avatar now and ends with DHS 2.0. Throw in some love for EPCOT and another DVC or 2. Sorry @PeterAlt, no new monorails. Maybe in the 10 year plan
GoofGoof
Premium Member
Day to day operating costs and minor maintenance are expensed and hit the P&L. More extensive maintenance work or refurbs are capitalized. If a project or maintenance extends the useful life of an asset it can be capitalized, if not it's expensed. Good examples are the recent Splash and BTMRR projects. Less visible examples are upgrades to infrastructure. Pipes, parking lots, roads other facilities.
GoofGoof
Premium Member
I hear ya. I'm on board. Unfortunately there is another thread talking about whether Staggs or Rasoulo will replace Iger as CEO. They appear to be bulletproof at least for now.
Nubs70
Well-Known Member
Thanks for the reply. I couldn't get the vision of Rasulo adding the price of a lightbulb to Investment Income out of my head.
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So, I threw down the gauntlet last night. And NOT ONE person has come to me, or the other individuals who are widely respected here, with any proof that Star Wars has picked up steam and that things will close starting in January to make way for it.
In other words, I stand by what I said: just Disney trying to get attention away from the other guys in town. Pretty sad.
In other words, I stand by what I said: just Disney trying to get attention away from the other guys in town. Pretty sad.
No,that is not correct.
I am flat out saying that you don't create something like SDL in today's China and not have to grease some wheels. That is just how things are done and it is beyond naive to think otherwise.
I do miss China ... a good friend was at HKDL today and sent me some pics. I miss my 'little' park on Lantau.
GoofGoof
Premium Member
He probably does have a spreadsheet for that too
Yes, but the insane Disney fanbois would point out that when he was headed through the gates and high fiving all these characters (from the Simpsons to Minions to Cat in the Hat), no Marvel characters were there ... because you know Disney is gojng to force UNI to give them up and then it is building a fifth theme park based on them and Star Wars ... and ... God, sometimes I just hate fans. Sorry.
Not likely.
Nah, let's all head to New Fantasyland and ride the kiddie coaster, you know, the Potter Swatter!
wdwfan4ver
Well-Known Member
I don't think the project got started with Iger, but Rasulo. I think you need to add Jim Macphee terms of who do fire over MM+.
Jim has said the he helped created MM+ and that means he needs to be hold responsible.
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Soarin' Over Pgh
Well-Known Member
This would be an acceptable start.
And that is terribly sad.
Let's. Is it still breaking down? How is the cottage scene holding up with the weather?
Did anyone slam their fist on the giant iPads and break them yet?