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News Walt Disney Company plans to spend $17 billion at Walt Disney World over the next ten years
- Thread starter wdwmagic
- Start date
GhostHost1000
Premium Member
I guess when Disney said they plan to spend $17b we didn’t realize at the time it would be in legal fees fighting for Reedy Creek
erasure fan1
Well-Known Member
I don't see any way great movie ride stays open if it hadn't been closed already. Iger knew exactly what he was doing. He knew star wars and toy story would be big draws and he shut the ride down anyway. You don't make comments like, I can just email galaxys edge is open and people will be lined up for miles... if you don't think it will draw big crowds. Iger cares about very little except for profit. Adding capacity doesn't help you sell lightning lane and genie plus. Keeping GMR would just be flushing profit down the toilet with maintenance. And while Genie plus and ILL was technically started under Chapek. It was definitely Igers baby.
doctornick
Well-Known Member
GMR was closed because it cost too much to operate and maintain and guest satisfaction scores weren’t anything special. If it wasn’t MMRR that replaced it would have been something else.
Advisable Joseph
Active Member
Talking about the $17 billion, is that net investment, subtracting depreciation; or gross investment, do you think?
JoeCamel
Well-Known Member
Pure maintenance, minimal new investment
BrianLo
Well-Known Member
I'd expect a similar investment outlay as the previous decade. Contingent on how much is merely replacement and of course they are fully capable of throwing lots of money at bad projects. With maybe a wildcard project beyond the parks.
No matter how much it's minimized, there was a random job target attached to it. It's not only maintenance.
JoeCamel
Well-Known Member
But are those jobs normal turnover plus adds for normal growth?
BrianLo
Well-Known Member
New jobs, not turnover.
Advisable Joseph
Active Member
And are we guessing 75% of domestic park investment goes to WDW?
Disney CEO Bob Iger sends a subtle message to Ron DeSantis that his retaliation against Disney may impact future spending in Florida
Disney CEO Bob Iger sends a subtle message to Ron DeSantis that his retaliation against Disney may impact future spending in Florida
Disney CEO Bob Iger sends a subtle message to Ron DeSantis that his retaliation against Disney may impact future spending in Florida
www.wdwmagic.com
Tom P.
Well-Known Member
Disney needs Florida and Florida needs Disney. It's that simple. All of this will eventually blow over. DeSantis is not going to be governor forever and Iger is not going to be CEO forever. The will both howl at the moon and stomp their feet, and they'll even have some court battles, but when all is said and done, nothing substantive is changing at Walt Disney World. Guaranteed.
This is like anheuser busch threatening beer drinkers that they’ll stop making as much beer, if they don’t give them license to push their agenda. They’re not cutting beer production and Disney’s not going to spend less on their theme park flagship. Hopefully, companies like Disney and anheuser busch have learned to keep out of politics and just concentrate on making money for their shareholders. There’s enough politics in politics. I don’t want to see it when I’m buying a coffee or having a beer or taking a picture with Mickey.
Chi84
Premium Member
Disney is a corporation that will go on and prosper as a business, that's true. DeSantis' future hangs more in the balance. This may hurt him.
James Alucobond
Well-Known Member
These are completely different situations. Anheuser Busch's woes are the result of consumer reaction to their political stance. Disney's are the result of a government retaliating against them for exercising their right to free speech. There would be no problem if Disney's customers were simply moving away from the company because their values no longer aligned and they disagreed with the way in which Disney had utilized their first amendment rights.
Figgy1
Premium Member
I wonder if this statement means not just parks and resorts but Lake Nona as wellDisney CEO Bob Iger sends a subtle message to Ron DeSantis that his retaliation against Disney may impact future spending in Florida
Disney CEO Bob Iger sends a subtle message to Ron DeSantis that his retaliation against Disney may impact future spending in Florida
Disney CEO Bob Iger sends a subtle message to Ron DeSantis that his retaliation against Disney may impact future spending in Florida
This is easy to say when you had no plans to spend it anyways.Disney CEO Bob Iger sends a subtle message to Ron DeSantis that his retaliation against Disney may impact future spending in Florida
Disney CEO Bob Iger sends a subtle message to Ron DeSantis that his retaliation against Disney may impact future spending in Florida
Disney CEO Bob Iger sends a subtle message to Ron DeSantis that his retaliation against Disney may impact future spending in Florida
Tha Realest
Well-Known Member
Already walking back that $17bn in spending and 15,000 jobs to Florida that were totally going to happenDisney CEO Bob Iger sends a subtle message to Ron DeSantis that his retaliation against Disney may impact future spending in Florida
Disney CEO Bob Iger sends a subtle message to Ron DeSantis that his retaliation against Disney may impact future spending in Florida
Disney CEO Bob Iger sends a subtle message to Ron DeSantis that his retaliation against Disney may impact future spending in Florida
Considering they lost 10B in market cap in the last hour this seems unlikely.
The government in Florida, as elected by the majority of residents, is in fact acting on behalf of the people.