News The Walt Disney Company Board of Directors Extends Robert A. Iger’s Contract as CEO Through 2026

[lazyboy97o]

But it’s also where are they investing. They’re investing in hotel capacity and not park capacity. So if it feels crowded now imagine how it’s going to feel when the additional DVC resorts are built.

If the relationship was that direct they’d be building a lot more hotels.

 

[BrianLo]

But it’s also where are they investing. They’re investing in hotel capacity and not park capacity. So if it feels crowded now imagine how it’s going to feel when the additional DVC resorts are built.

They really aren’t investing in hotels. The DVC additions are a tiny drop in the bucket and really need to be considered their own self-funded separate venture. Two of them recently have been about reallocating prior cash rooms.

Universal is and has been majorly investing in actual hotel capacity, by comparison this past decade.

 

[MR.Dis]

Budgets weren’t lowered. Program was cut to stay in budget as other aspects went over budget.

Yes, but this is Disney. All projects go over budget. Instead of keeping the projects as approved, he cut what most would agree are needed rides/attractions. This was a period in time when Disney was literally printing money. Chapek could of easily gotten the budgets increased, but chose not to.

 

[Disstevefan1]

Yes, but this is Disney. All projects go over budget. Instead of keeping the projects as approved, he cut what most would agree are needed rides/attractions. This was a period in time when Disney was literally printing money. Chapek could have easily gotten the budgets increased, but chose not to.

All Disney projects go over budget EXCEPT their theme park budgets where the budgets usually get cut.

 

[lazyboy97o]

Yes, but this is Disney. All projects go over budget. Instead of keeping the projects as approved, he cut what most would agree are needed rides/attractions. This was a period in time when Disney was literally printing money. Chapek could of easily gotten the budgets increased, but chose not to.

It is Walt Disney Imagineering (or Universal Creative over at Universal where the same happens) that makes the decision on what to cut from the program and justifying how they can still make the project work.

 

[MR.Dis]

It is Walt Disney Imagineering (or Universal Creative over at Universal where the same happens) that makes the decision on what to cut from the program and justifying how they can still make the project work.

We can agree to disagree. The reports at the time was Imagineering was very upset with Chapek as it was he and only he who cut back on all the projects listed above--again going to what would be common for him when he became CEO to micro manage.

 

[IanDLBZF]

We can agree to disagree. The reports at the time was Imagineering was very upset with Chapek as it was he and only he who cut back on all the projects listed above--again going to what would be common for him when he became CEO to micro manage.

Imagineering could've easily put pressure on the CFO to allow the budgets to be increased.

 

[MR.Dis]

Imagineering could've easily put pressure on the CFO to allow the budgets to be increased.

As I have already stated, Iger the first gave his division heads Autonomy. Purely speculation on this, but I do not believe Imagineering knowing this would tried an end around.

 

[lazyboy97o]

Imagineering could've easily put pressure on the CFO to allow the budgets to be increased.

That is easier said than done. It’s also a bit ridiculous when discussing already huge budgets. Project budgets being too low isn’t the problem and if anything they are too high.

 

[Sir_Cliff]

That is easier said than done. It’s also a bit ridiculous when discussing already huge budgets. Project budgets being too low isn’t the problem and if anything they are too high.

Indeed. People seem to have been programmed to blame everything on "budget cuts" or "cheapness", but how much do people really think it would be reasonable to budget for attractions like Tron or Cosmic Rewind if their flaws are due to Disney being cheap?