Which Disney hasnt increased supply hardly at all.
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Unsure who to vote for regarding the Walt Disney Co. Board
- Thread starter durangojim
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Sirwalterraleigh
Premium Member
They are not. No question.
The problem is change is needed and no one better is stepping up.
Sirwalterraleigh
Premium Member
Which the Bob’s fundamentally did not…and claimed “philosophical superiority” while doing it.
Now the bottom is falling out. Their metrics are likely the lowest they’ve ever been.
Brian
Well-Known Member
The problem is that, at least in the case of Disney, when they build new supply (new experiences, or as the hippies would call them, "activations"), demand increases because of the fan base chomping at the bit to see it. Demand management is necessary at the same time as increasing "supply."
Universal will see this firsthand once Epic Universe opens. Barring a major downward shift in economic conditions (think COVID or post 9/11), their new capacity (supply) will immediately be at least partially negated by an increase in demand for a considerable period of time. There will likely be demand management programs in place at Universal Orlando as a result.
Brian
Well-Known Member
That's one of Peltz's points. He specifically calls out how their $60bn P&R investments is "delayed or deferred," and how they haven't laid out how they plan to compete with Universal's aggressive expansion plans.
Sirwalterraleigh
Premium Member
Disney has relied on this excuse…made it part of their “strategy”
They haven’t built to gain capacity in 20 years in Orlando…mothballing things and then reskinning/replacing them.
It’s not hard to overcome…you build 2 non-headliners for every 1 headliner and do an ambitious cross property program…opening enough to gain critical moment and then use the added capacity for 10 years while you plan longterm moves
That’s what they did from 1984-2000. Worked then…would work again. But you can’t penny pinch every cost. You have to spend to earn. That’s how their parks work
lazyboy97o
Well-Known Member
The demand management wasn’t about easing crowds, it was about making them more constant and consistent.
Brian
Well-Known Member
Consistent, yes. However, the goal was to make sure there were as few quiet days and as few jam packed days as possible. It's somewhat harder to disincentivize visitation than it is to incentivize it, especially during weeks like Independence Day and Christmas/New Year, but the strategy has paid off very well for them overall.
Look you guys, I know Bob Iger is not a perfect CEO, I won’t deny that, but at least he realizes what bad things he’s done and tries to fix Disney the best he can. Besides, that last Earnings Call announcement makes the Disney stocks go higher. At least this will help me not to say it’s the end of Disney nonsense. And though Nelson Peltz has a point in the beginning, but the biggest mistake he made is partnering with the worst Disney guy ever is Jay Rasulo. So I’m afraid there will be no votes for Peltz in this year’s Shareholders Meeting.
BrianLo
Well-Known Member
In part definitely, but it will be outweighed by a major off site shift in guest flow. Said another way, an expansion in MK likely won't relieve pressure on their night time fireworks. A night show in Animal Kingdom would. I really don't think the existing infrastructure will need demand reduction levers in the near term.
I highly suspect year on year there will be a mild-moderate drop in attendance at both USF and IOA. Total resort attendance will increase, but not by 150% year one. USF/IOA will have a slower window to recover to their previous peaks. Likely 5 years would be seen as a huge success, 10 years would be the norm. This is both expected and acceptable, it is what will allow them to close some infrastructure for improvement in some ways.
Indy_UK
Well-Known Member
I used to be a big fan of Iger 1.0 because I thought he made good acquisitions (including Fox although overpaid)
I hate Iger 2.0 because of his ego and we all know that Chapek was simply the fall guy for things he wanted to do anyway and he made himself out to be the savour come back.
However, they have explicitly said that they expect Disney+ to hit profitability this year and I hope that once they hit that, they then do change their focus to the parks and we get large investments announced at D23.
If that doesn't happen, then Iger needs to go immediately.
UNCgolf
Well-Known Member
I think it took Magic Kingdom roughly 20 years to get back to its pre-EPCOT attendance levels -- so yeah, it seems likely that USF and IOA will see drops. I doubt it will take 20 years to return, though, unless Universal opens at least one other park during that period or some other outside events factor in.
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I have to admit Disney buying Lucas I thought was a good thing at the time. Disney seemed like a place that would protect Star Wars...... boy was that wrong. Pixar was mostly good............. Marvel was a bit of a surprise but it started out sooo Good............ It kind of amazes me to see what he has ALLOWED to happen either in Hubris or whatever. Its amazing how they started out true to the Properties spirit (ok not Disney Star Wars) and did great, but you can see where they started changing things for the sake of change it went to crap.
Indy_UK
Well-Known Member
No I will agree with that. Marvel would have continued its success after Endgame if they didn't oversaturate the MCU and add all the TV shows to Disney+. Too much for the general viewer to catchup on.
Star Wars they made the mistake of wanting different directors and no cohesive story. I like what they are doing with Mando, Asoka-verse leading onto the upcoming film but I am not excited about the Next Rey movie.
Star Wars they made the mistake of wanting different directors and no cohesive story. I like what they are doing with Mando, Asoka-verse leading onto the upcoming film but I am not excited about the Next Rey movie.
I think some of the B level Marvel characters like Daredevil, Punisher, Luke Cage, 1st Season of Jessica Jones. The street level Heroes are a perfect fit for TV. Netflix did great with them. Now the big team up they did was kinda weak. But I think even those Heroes sparingly could appear in the Movies and Vice Versa. Hell theres a whole Spidey arc where DD fills in for Spidey whose healing up.
Surferboy567
Well-Known Member
I received my voting materials in the mail. I voted for Disney’s nominees.
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Vegas Disney Fan
Well-Known Member
I think the problem is they keep replacing old rides with new rides, this increases demand but keeps supply at or near the same level.
They’ve spent billion on new rides and they‘ve barely added any capacity in the process.
They are so focused on operation margins they‘ve handcuffed their future potential.
Tha Realest
Well-Known Member
It’s clear they’re operating at precisely the level of efficiency and capacity they want to.
Sirwalterraleigh
Premium Member
What’s funny is more rides = more costs = happy people = more profits
What a world, huh?