News Walt Disney Company plans to spend $17 billion at Walt Disney World over the next ten years

[Sirwalterraleigh]

Really don't have time for that. But how about selected readings?

Search results for query: notapixieduster

forums.wdwmagic.com

But you have the time to post on here hiding behind your Bert profile pic 24/7? Typical.

There are several “bullies” on these boards and you’re one of them. Not sure who you think you are but you’re not as important or as in the know as you think you are. Be careful…

I’ll ref this one:

Nobody is busy here…or we wouldn’t be here.

There’ll be a pop quiz tomorrow

 

[ElvisMickey]

I’ll ref this one:

Nobody is busy here…or we wouldn’t be here.

There’ll be a pop quiz tomorrow

Just trying to kill time while in the middle of my work day !

 

[Sirwalterraleigh]

Just trying to kill time while in the middle of my work day !

You’re preaching to the choir there

I do this during all kinds of “work”…but it’s easy for me. And I’m up 19-20 a day.

But I have a good life and I suspect most people here do as well. Because we can do this and have less real stress than most

 

[doctornick]

Dec. 2022: Disney reported $2.1 billion in operating costs in a recent quarter. Divided by 90 days, that’s a little more than $23 million a day in operating costs across the parks, from Disneyland to Tokyo to Disneyland Paris. That includes employees in the gift shop to those working admissions and beyond.
12 parks total So 1.9 million a day on parks.
4 parks in Florida so 7.6 million a day operating costs.
2.7 billion a year operating costs for Florida parks.

I can see Disney spending 17 billion over the next 10 years running the parks.

But that’s not CapEx, right? That’s (I think) called Operational Expenditures.

 

[Sirwalterraleigh]

But that’s not CapEx, right? That’s (I think) called Operational Expenditures.

It also has somethings in that description that don’t fit.

Disney has really zero overhead in Tokyo. One of the greatest arrangements in history.

And then dipstick decided he’d try china


Ironically…I just saw he and Tim Cook were summoned to congress to “talk about China”

The ambassador must have informed state that he owned both of their souls

 

[lazyboy97o]

Isn’t the budget for epic universe only slightly above $1B?

If you first multiply it by at least six.

Epic Universe will in all likelihood surpass Universal Studio Beijing as the world’s most expensive theme park.

 

[Sirwalterraleigh]

If you first multiply it by at least six.

Epic Universe will in all likelihood surpass Universal Studio Beijing as the world’s most expensive theme park.

I was guessing $10 on the whole south campus development?

Probably not breaking a sweat

 

[BlakeW39]

$17B is enough money to invest substantially in the parks but it's still unclear how they're going to allocate those investments. If I had a wishlist though it would definitely be:

Imagination Rehaul (making it a proper E-ticket and returning Dreamfinder)

Spaceship Earth Major Refurb

That ***** Yeti

Plus DINOSAUR— return the old, darker colors and maybe refurb some of the AAs or add some new effects

Replace Dinorama

Retheme Animation Courtyard

Retheme Star Wars: Galaxy's Edge from the loathsome sequel trilogy to include some of the more beloved Star Wars lore

Villains Land at Magic Kingdom

Beyond Big Thunder doesn't particularly interest me, it's fine but doesn't feel like it warrants a whole land alongside other major story genres (funny enough, superheroes/comics would actually be perfect at MK), and the yeti is obviously a....stretch given Disney's past, but these are imo very reasonable asks I have for Disney given the budget they announced.

 

[WaltsTreasureChest]

I’d also love for Disney to give more attention to older IP if they’re so keen on doing mostly IP related things in the parks. I loved how we got the seven dwarves ride based off the original 1930s Disney film. And it stands to be very popular ever since! So it’d be great to see more rides based off older properties that are done very well

 

[MisterPenguin]

But that’s not CapEx, right? That’s (I think) called Operational Expenditures.

Correct.

 

[Mr Mindcrime]

I'm in the camp here of being a bit older and hopefully wiser to recognize and believe Iger has nothing concrete in mind for how he plans to spend $17B. It was simply PR and political posturing.

That aside, even if a huge expansion was coming to WDW over the next 10 years, I no longer believe the company has the imagination, ability, talent, or leadership to use the money wisely and creating something truly magical. It took the original Imagineers 18 months to build the original WDW. It took the current day leadership team 6 years to build Tron. Who are the modern day Roy O, Marc Davis, Marty Sklar, Tony Baxter, or heck, even the good Michael Eisner's?

 

[MisterPenguin]

I would bet that that $17B starts flowing in 2025, after D+ is in the black and Hulu is purchased.

I wouldn't look for big projects to start until then.

 

[Ayla]

Isn’t the budget for epic universe only slightly above $1B?

Uh, no.

 

[Vegas Disney Fan]

I'm in the camp here of being a bit older and hopefully wiser to recognize and believe Iger has nothing concrete in mind for how he plans to spend $17B. It was simply PR and political posturing.

That aside, even if a huge expansion was coming to WDW over the next 10 years, I no longer believe the company has the imagination, ability, talent, or leadership to use the money wisely and creating something truly magical. It took the original Imagineers 18 months to build the original WDW. It took the current day leadership team 6 years to build Tron. Who are the modern day Roy O, Marc Davis, Marty Sklar, Tony Baxter, or heck, even the good Michael Eisner's?

I’d be surprised if they don’t have a 10 year plan, they might not have anything beyond 2024 finalized but I’m sure they have an idea of what park will receive something in 2024, 2025, etc, and a general budget set aside for it, likely true of resort renovations and any possible expansions also. When you have such a massive property you have to begin planning years in advance.

$1.7 billion a year is a ton of money but is realistically probably 1 new ride every year, a couple renovated rides per park every year, a few shop and restaurant renovations, and a couple renovated resorts. A billion dollars just doesn’t go as far as it used to.

 

[Smooth]

Beware the Penguin!

 

[Elijah Abrams]

I would bet that that $17B starts flowing in 2025, after D+ is in the black and Hulu is purchased.

I wouldn't look for big projects to start until then.

There isn’t going to be a full purchase of Hulu by Disney, ever! Iger is in fact willing to sell off the streaming platform, with the stalling streaming business, falling stock market, and Disney heavy debt.

 

[Tom P.]

I would bet that that $17B starts flowing in 2025, after D+ is in the black and Hulu is purchased.

I wouldn't look for big projects to start until then.

You're quite the optimist, believing that Disney+ is ever going to be in the black.

Streaming in general is sputtering. When all you had were places like Netflix that combined content from tons of different providers, that was one thing. Now everybody and his brother has their own streaming platform and each has a specific niche with one specific brand or set of brands to sell. And people are growing weary of shelling out the same amount of money they used to spend on a cable bill to buy all their streaming platforms. Is anything actually drawing people to Paramount+ besides Star Trek, for example?

I think some sort of seismic shift is coming in the streaming wars. I'm not sure what it will be, but I know that the current trajectory is not sustainable. And I don't think Disney+ is positioned to be one of the winners right now.

 

[Progress.City]

IgER said that there will be no more expansion to EPCOT for the forseeable future .

Too bad some of you weren’t alive during the Eisner era...best CEO ever. Actually was creative and cared about Walt’s legacy…

Remem

Not sure if you saw but he was on CNBC a few weeks ago…almost cried watching that interview lol

I would love to see that interview. Can anyone link me?

 

[Progress.City]

Also, I remember, Eisner cancelled all (or most) projects that were under development under his predecessor when he first became CEO. He, then, relaunched major projects under the Disney Decade banner some time later. So, this makes sense that Iger would do something similar. The bad news is that these things take time. So, don't expect it to be immediate, but a new Disney DexDe is probably in the early planning stages.

And, speaking of Eisner, I also remember when AK opened. In an interview at that time, he said he “knows the theme of the fifth WDW theme park” and was discussing with Imagineering. I would love to know what that was. I don’t think it was ever revealed to the public. Of course, it was probably cancelled before it ever even started.

 

[Progress.City]

Or this could be a PR stunt to get the Florida state government off its back over the RCDD issue.