Goofyernmost
Well-Known Member
They could have done that with Horizons sitting there. It's been done many times before.I would assume they pumped in earth and concrete to fill it as part of the groundwork for MS.
They could have done that with Horizons sitting there. It's been done many times before.I would assume they pumped in earth and concrete to fill it as part of the groundwork for MS.
Disagree. While a rising birth rate is not correlated to Frozen popularity, gains in tourism are. Innovation Norway paid to use Frozen in their tourism marketing before the film even hit theaters, if I remember correctly. Thus anything that can reinforce their tie to Frozen probably isn't seen as a negative.Irrelevant... what the article is citing as embracing (increase interest in the country) is not what is being proposed in EPCOT --adding commercial characters and changing the premise of something built to celebrate culture and history.
Might as well say "Norway is happy about increase birth rates - so obviously they don't mind Frozen coming" - it's just as relevant... (aka.. none)
There is no sinkhole at Horizons-it's under the pond in front ofOdyssey.They could have done that with Horizons sitting there. It's been done many times before.
I know, just wondering what they did with a big ole natural sinkhole to guarantee that it didn't engulf the new building, if it existed.There is no sinkhole at Horizons-it's under the pond in front ofOdyssey.
The ride system needed major overhaul & the sponsor went with a new build.
Disagree. While a rising birth rate is not correlated to Frozen popularity, gains in tourism are. Innovation Norway paid to use Frozen in their tourism marketing before the film even hit theaters, if I remember correctly. Thus anything that can reinforce their tie to Frozen probably isn't seen as a negative.
Of course Norway will embrace Frozen, it is a massive film and will increase tourism to Norway as people will want to see the scenery thats 'in the movie' i highly doubt that the Norwegian Tourist Authority have wasted one piece of A4 paper over the Norway pavillon in Epcot over the last 5 years, and i doubt they care one way or the other whether it stays as Maelstrom, becomes 'Journey through Frozen® Norway' or gets remade into a larger shop.
Someone should tell these guys that:Norwegians aren't generally sellouts like Americans are. They still celebrate tradition, culture, and put 'right' above profits. No one eats fermented fish because it's tasty
That Viking theme park actually sounds pretty cool.
Were they spending (adjusted for inflation) more than what Universal is spending today in Orlando?Globally, Disney spends a ton of cash on maintenance, with the largest amount going to WDW.
The question is whether Disney spends enough.
Recalling what CFO Jay Rasulo said about investments in 2011:
“Five years ago or so we used to be pretty demonstrative about $1 billion number being an ongoing level without special projects added to it.
"You have to remember though that in those five years in the capital projects that we have put in the ground, which each have their own growth strategy, each is filling in different parts of the portfolio, when they are back on board they all need ongoing FF&E and maintenance capital to keep them going.
"So I would say that that $1 billion number is low.”
With baseline capex at $1B back in 2006 along with inflation and the additional projects brought online since 2006, today’s Furniture, Fixtures and Equipment (FF&E) may very well be over $2B. Most of today's "investments" consist of basic maintenance, not "special projects". Whether $2B is enough for maintenance depends on what you think about quality at the parks.
Looking more closely at 2013, total company investments (which includes FF&E) were $2.8B. With FF&E approaching $2B, total annual revenue at $45B, and P&R revenue at $14B, it's apparent that the budget for all "special projects" (e.g. Pandora) being shared across all company segments is comparatively small. In 2013, Disney spent 6% of total revenue and 20% of P&R revenue on "investments", most of that simply on maintenance.
For comparison, in 1974 with company revenue at $430M and Parks & Resorts (P&R) revenue at $280M, total investments were $67M, 16% of company revenue and 24% of P&R revenue. The 1970s were a difficult period for Disney, with an energy crisis severely impacting travel, and they had cut back tremendously on investments in an effort to keep the company afloat.
In 1983, the year after Epcot opened, Disney invested heavily in P&R. Corporately, there was a sense that WDW was the Disney brothers final legacy and a real commitment to seeing it turned into a complete resort. Until Eisner joined in 1984, Disney effectively had become a theme park company. With company revenue at $1.3B and Parks & Resorts (P&R) revenue at $1.0B, total investments were $418M, 32% of company revenue and 42% of P&R revenue.
In 1994, Disney was in the middle of the "Disney Decade". With company revenue at $10.1B and Parks & Resorts (P&R) revenue at $3.5B, total investments were $2.9B, 29% of company revenue and 83% of P&R revenue.
In 2004, P&R still was suffering from a post-9/11 economy. (Things began to improve at the parks with the introduction of the less expensive Magic Your Way ticket and Disney's Magical Express in 2005.) With company revenue at $30.8B and Parks & Resorts (P&R) revenue at $7.8B, total investments were $1.4B, 5% of company revenue and 18% of P&R revenue.
(In case anyone wonders why I picked these years, I wanted to do 10-year increments but don't have complete data for every year. These years are approximately 10 years apart.)
As has always been true ever since DLR opened in 1955, the lion's share of investments have been in P&R. For example, in 2013, Disney spent $1.14B domestically plus another $970M internationally in P&R, for a total of $2.11B. (Recall that total investments for the year were $2.8B.) The resorts really are tremendous physical assets requiring constant capital.
What sticks out is the jump in total revenue after Eisner joined in 1984. When Eisner was brought on board, Disney's only successful segment was P&R. After that, the company as a whole began firing on all cylinders. Eisner (along with significant contributions from others) really did lead the effort to save Disney.
Still, Eisner invested heavily in the theme parks. Under Eisner, there were several years when annual investments exceeded $5B. This was in absolute dollars. In inflation-adjusted dollars, this was over $8B. Those of us who saw WDW expand tremendously during the "Disney Decade" know that a lot was spent in Orlando.
Just imagine what could be happening at WDW today if Disney was investing closer to $8B annually.
What also sticks out is that P&R investments have plummeted. Prior to 9/11, Disney was not afraid to spend big at the theme parks. Understandably, P&R investments collapsed in the post-9/11 economy, when travel and all vacation destinations were adversely impacted. However, it appears corporate attitudes never changed as the economy recovered.
When it comes to P&R investments, Disney's current senior executive management still operates like it's 2002.
"Why doesn't Disney make more Scrooge and Donald Duck animated projects?"Anyone with a Scandinavian studies degree who can explain to us what the Norwegians are thinking?
Then what is a sellout to you? Because I think building a theme park around your culture fits that definition pretty well.I suggest you re-read the first article to understand where it says the fraud is happening
As for the second one.. I never said the Norweigans weren't capitalists. I have no idea why you think the idea of building a tourist attraction that celebrates Norsk history means they are sell-outs or anything.
I'll just assume that you are being helpful and aren't trying to get into a foreign travel peeing contest.Not that I ever expect you to be there.. but if you ever goto Norway's capital.. I suggest visiting http://www.norskfolkemuseum.no/en/
And really low water fountains in the bathroom.Foreigners do have funny toilets though
Then what is a sellout to you? Because I think building a theme park around your culture fits that definition pretty well.
Also, they are using Frozen, with it's vaguely Norwegian stereotypes to promote their country. How is that not selling out?
http://www.bbc.com/news/uk-scotland-highlands-islands-27469638
I'll just assume that you are being helpful and aren't trying to get into a foreign travel peeing contest.
Register on WDWMAGIC. This sidebar will go away, and you'll see fewer ads.