Nubs70
Well-Known Member
Only destruction if Peltz can convince a majority of board members. The only way Bob can keep Peltz at bay is to do his job is by keeping his promises.No!!!!
Complete and totalDESTRUCTION
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News The Walt Disney Company Board of Directors Extends Robert A. Iger’s Contract as CEO Through 2026
- Thread starter DCBaker
- Start date
Casper Gutman
Well-Known Member
What “promises” would Peltz be concerned with?
Why do so many posters want to pretend Peltz is a blank slate and not a very well known and widely loathed corporate vulture with forty years of very public history?
SamusAranX
Well-Known Member
Yes, but that wasn’t the first time nor the last time Disney had made promises they failed to materialize on. Covid bailed them out that round. And guess what? Covid is done, or at least its major economic ramifications (unless you count spiraling inflation). So why aren’t they making good now on those?
It’s equivalent to a team not making the playoffs during a strike shortened season but they fail to acknowledge they also missed the playoffs in a normal season 4 out of the last 5 years.
I firmly believe shovels are getting sharpened at AK given some solid evidence lately. But skepticism is a completely warranted reaction given Disney’s checkered history with grandiose plans and scaling back; and to get to you before you call me an Iger hater, they’ve been guilty of it in ALL eras. It’s just more irritating to me as of late because the parks sorely need major improvements and changes that fit WDW, and I for one want to see them, I just have a healthy dose of cynicism
Sirwalterraleigh
Premium Member
I’m inclined to believe that too…because DAK HAS to generate more due to the animal costs. They can staff mgm and Epcot with college program and let them
Rot….but not dak
Even there is an issue - However.
The permit file indicates a staging area over behind Asia…is that it? Good
Others are claiming a “dinoland” reskin.
Bad…way bad. Reskins do
NOTHING to help the draw, revenue and capacity issues that plague the whole compound.
Casper Gutman
Well-Known Member
Look, I have HUGE issues with each of them, but are we pretending SWL, TSL, Pandora, and the EPCOT changes didn’t happen? Because we appear to have shifted to, “we just want any investment, regardless of quality,” which seems to ignore history
SamusAranX
Well-Known Member
No, I’m not, but like I said, it’s a checkered history. For every delivered Pandora and FeA reskin, we have a cancelled Beastly Kingdom, Mary Poppins, Spaceship Earth etc
and in the case of TSL, the EPCOT revision, and SWL, they barely moved the needle on capacity; and in the two latter cases, it was scaled back from the original plans (no walking droids, no bantha D ticket in SWL, and don’t even get me started on how badly they bungled EPCOTs revision). Which exactly proves my point.
Where I do agree with you is, no matter who replaces Iger, the odds are slim their strategy won’t be the same; squeeze the most dollars possible on the smallest amount of overhead and “park investment” they can get away with
Jrb1979
Well-Known Member
First most are open much longer than 6 months now as many have Christmas events and do open in April.
Theming wise Dollywood, Silver Dollar City and Cedar Fair parks are doing more theming now. Not on the level of Universal or Disney but that also costs a lot of money for theming.
Disney Analyst
Well-Known Member
The history is:
- they did a lot of investment.
- some did not like some of that investment
- they had plans for more investment
- Covid disruption. CEO transition
- plans now changing, in flux, cancelled, all projects held.
- some projects released for completion, others canned, covid disruption likely culprit. New CEO.
- CEO transition again
- No plans finalized anymore, pivoting.
- here we are.
There was a lot of investment happening and planned, 2020 disrupted. I’m sorry, that’s a fact for everyone to accept - COVID changed everything, followed by CEO drama. Things are about to pickup again, as they were before.
The end.
SamusAranX
Well-Known Member
Hence my cycnism. I want to believe the rumors that AK is not just redoing Dino and bringing the glass back to full with reskins, but also adding a whole new attraction. But I’m once bitten twice shy with TDO’s promises. Obviously something is going down. But what? That remains to be seen and you’re right when you say no one here truly knows what’s gonna happen. And that knife cuts both ways. See: TBA
James Alucobond
Well-Known Member
I know people are tired of hearing about it, but I think it’s just categorically unfair to lump COVID-related cancellations in with everything else. When the majority of your examples are attributable to a once-in-a-generation disruption, you kind of just have to let it go. Most other things aside from, like, Main Street Theatre are simply the result of budget cuts and changes as projects progressed, to which we would not even be privy had they not announced things as early as they did. This is not new. Look at the Haunted Mansion, what was discussed of it very publicly in broadcasts at the time, how much later it actually happened than was originally suggested, and how much the final product differed from what was talked about. Epic Universe, which is everyone’s favorite example lately, is similarly launching with many changes and cuts from the original vision, just without as much public visibility of those changes since they don’t have a D23 to fill.
BrianLo
Well-Known Member
Net income was up 49% YoY. Diluted EPS 48%. Net Profit Margin 49%. Operating income 46%.
Those percentages look familiar? You better hope a 1% buyback doesn’t yield 50% stock gains - or else we’re in for a world of pain moving forward.
Though I’d personally say it was the forward free cash flow guidance the street liked most of all.
Sirwalterraleigh
Premium Member
Cuts…yeah…the street loves cuts
WoundedDreamer
Well-Known Member
Maybe if Disney meant "no comment," they should have said "no comment." It actually would have gotten their point across better.
Disney Irish
Premium Member
You're expecting them to confirm or deny the leaked counts, which again is illegal until the vote is complete, and reading into the fact they didn't as being confirmation of said leak even though its illegal. Beyond saying its improper for the leak in the first place they cannot say anything else. Its not really that difficult a concept to grasp.
And if they said "No Comment" someone such as yourself would have read into that some meaning I'm sure.
Sirwalterraleigh
Premium Member
They either did or tried to scale Back all the park projects in wdw under Imperator Bob I…
And you can argue they all under delivered except maybe avatar
Long before the plague
Casper Gutman
Well-Known Member
I've pretty much shifted my loyalty and dollars to Uni, but...
Uni habitually cuts planned expansions and attractions. Famously, the Kidzone replacement went through about a dozen plans over a decade, going as far as to have construction walls go up and come down, before finally going with the cheapest option possible. The Fear Factor theater has similarly been prepped numerous times before plans for replacement were abandoned. So much has been cut from the wonderfully themed EU that I wonder how it will handle crowds. The resort has very little live entertainment - three massive theaters lie empty - and just cut much of the little they have, most notably the streetmosphere. An entire land at IoA is sitting empty and abandoned, now and for the forseeable future. Kong is running without half of its ride path and just cut 3D to save money. The Studios instituted an awful phased opening system as part of budget cuts. Most of the resort's recent additions are cost-cut mediocrities.
And I say all that as a guy who will vigorously defend Fast & Furious: Supercharged.
All of which is to reiterate the one thing that our perpetual doomsayers won't or can't admit - IGER ISN'T UNIQUE. He is the product of an overwhelmingly prevalent corporate culture that effects Universal and every other park. For this reason, his replacement will likely be worse, almost certainly so if Peltz gets a say in the choice.
I understand that many of Iger's most vociferous critics are heavily motivated to pretend he's the whole problem and to avoid acknowledging problems with post-80s corporate culture, but some perspective would be nice. Eisner came from a different era - that's not what we're going to get.
You want classic Disney? Go somewhere with management driven by a different business culture. Go to Tokyo Disney. Otherwise, make your expectations realistic.
Uni habitually cuts planned expansions and attractions. Famously, the Kidzone replacement went through about a dozen plans over a decade, going as far as to have construction walls go up and come down, before finally going with the cheapest option possible. The Fear Factor theater has similarly been prepped numerous times before plans for replacement were abandoned. So much has been cut from the wonderfully themed EU that I wonder how it will handle crowds. The resort has very little live entertainment - three massive theaters lie empty - and just cut much of the little they have, most notably the streetmosphere. An entire land at IoA is sitting empty and abandoned, now and for the forseeable future. Kong is running without half of its ride path and just cut 3D to save money. The Studios instituted an awful phased opening system as part of budget cuts. Most of the resort's recent additions are cost-cut mediocrities.
And I say all that as a guy who will vigorously defend Fast & Furious: Supercharged.
All of which is to reiterate the one thing that our perpetual doomsayers won't or can't admit - IGER ISN'T UNIQUE. He is the product of an overwhelmingly prevalent corporate culture that effects Universal and every other park. For this reason, his replacement will likely be worse, almost certainly so if Peltz gets a say in the choice.
I understand that many of Iger's most vociferous critics are heavily motivated to pretend he's the whole problem and to avoid acknowledging problems with post-80s corporate culture, but some perspective would be nice. Eisner came from a different era - that's not what we're going to get.
You want classic Disney? Go somewhere with management driven by a different business culture. Go to Tokyo Disney. Otherwise, make your expectations realistic.
el_super
Well-Known Member
No he is not. I wonder if they are still mad at Walt for cancelling Liberty Street.
lazyboy97o
Well-Known Member
Having to go back to when Iger first joined the company under ABC seems like a stretch.
And it’s amazing how much love there suddenly is here for an overly expensive flat ride and questionable retheme.
Vegas Disney Fan
Well-Known Member
Fortunately we’re close enough to DL our APs still make sense and we can avoid the nickel and diming, we’ve been there dozens of times so we don’t care if we miss rides, our former WDW money goes to cruises now though, we still feel we get value for our money on DCL that we don’t get at WDW, we have a Princess cruise coming up to Alaska and if the rave reviews are true DCL might lose us too.
Disneys problem isn’t how much they cost, it’s that there’s a lot of other options at their current price point that still offer the quality they used to and don’t anymore.
SamusAranX
Well-Known Member
It is not unfair. Covid gave Disney an easy out to cut costs. It’s similar to the “prices are going up because of supply chain issues”. Did the prices go back down once the supply chain resumed normal health? I didn’t think so…and neither did cancelled attractions that were announced find a new life after Covid