Sirwalterraleigh
Premium Member
Guess which line makes the most profit…by a lot?
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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
Vegas Disney Fan
Well-Known Member
With the variable pricing and APs it’s impossible to get exact attendance from this but if we assume the average ticket price in 2019 was $119 and average ticket price in 2022 was $139 thats a total of 1.4 million person loss in attendance.
_caleb
Well-Known Member
Does anyone know if Scott Gustin is a member here at WDWMagic? I think he's fantastic, and I'd love for him to participate here.
JoeCamel
Well-Known Member
Disney Analyst
Well-Known Member
This seems like some company news worth sharing.
Vegas Disney Fan
Well-Known Member
It would make sense, exit India, use the money for the Hulu deal, and focus on the US/European market.
JoeCamel
Well-Known Member
Does India have an anti monopoly law like the US?
Robbiem
Well-Known Member
Pulling out of India now might bring in some short term cash but it looses a lot of potential down the line. India is a growing market and Disney has a good opportunity to build a good market presence. But that would be longer term planning for the post Bob era vs jam today
pdude81
Well-Known Member
So does the competitor still get the Disney+ part of that as a licensing deal?
Robbiem
Well-Known Member
Does Disney + get to keep the star tab for adult content?
TWDC is $47B in debt. Selling and getting $10B is one way to pay debt.
Robbiem
Well-Known Member
I get that but what I see is short termism. Why not sell Disneyland or Walt Disney World and pay off even more. Selling an asset for half of what it was valued at a few years ago is not good businesses, developing the asset and selling it for a profit is
That's like saying a family is $47K in credit card debt. Sold one of the cars for $10K , spend it on a nice vacation and or buy more stuff we don't need.
Robbiem
Well-Known Member
To me if you buy something for 16 billion and sell it for 8 billion you are down 8 billion and have nothing to show for it so you’re going to have to sell even more or do something else to make good your loss.
You’ve effectively added eight billion to your debt as you don’t have the assets anymore but still have the outstanding liability so you’ve made a bigger problem down the line
If you own the thing that costs 16 billion you have the assets which are making you money over time (if this covers paying the cost debt is another question). That’s before you add in growing your presence in a new market with a lot of potential
The real questions to me are:
Why is Disney doing a fire sale like this? Is it to make a short term balance improvement to look good to the market or is it part of a longer strategic plan to withdraw from markets and focus on others (like China and the western world)?
How have Disney ended up in a situation where they have to sell at a loss to pay off debt Why didn’t they have a plan to pay off their debt when they bought Fox? And if they did what has changed since?
peter11435
Well-Known Member
Is this a serious question?
LSLS
Well-Known Member
And Apple has like $112 billion. In fact, only like 6 of the S&P 500 have no debt. You do realize companies carrying debt is not a bad thing, right?
Apple is worth $3 Trillion. $112 Billion in debt is nothing. Apple can buy TWDC without even blinking.
Paid off my 30 year mortgage in 11 years. Yes, a few like me like to be mortgage free. Debt free , what a concept!
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LSLS
Well-Known Member
Comcast is the very similar to Disney. Are you trying to make the case Disney is the worse than all on the S&P?
Unless you are a multi-billion dollar company, that's not the same thing.