What will Disney announce for Disney World at the 2022 D23 expo?

[Sirwalterraleigh]

Martin beat you to the punch.

I missed that…
But he’s right…I agree with him.

“Capex” is so ambiguous and they fluff everything.

 

[peter11435]

I may be mistaken but I thought their capex number usually included things like normal refurbs and such? But people also need to remember that $6 billion is worldwide. 13 parks, 5 (and 2 more being built) cruise ships, 2 water parks, transportation systems, multiple downtown areas... that's not a ton of money once you spread it around, especially when WDI's costs have increased exponentially.


Not likely.

Capex would include some refurbishment work. But the important thing to remember is that $6 billion number is significantly higher than normal.

 

[matt9112]

I missed that…
But he’s right…I agree with him.

“Capex” is so ambiguous and they fluff everything.

I could use a good fluffing.

 

[mikejs78]

Capex would include some refurbishment work. But the important thing to remember is that $6 billion number is significantly higher than normal.

And that's per year, is it not? All the total project costs that have been posted here are usually spread out over 5-6 years.

And where is everyone getting this 1.5b number? If you split it proportionally among the 10 parks that amounts to $2.4b for Orlando.

 

[networkpro]

And that's per year, is it not? All the total project costs that have been posted here are usually spread out over 5-6 years.

And where is everyone getting this 1.5b number? If you split it proportionally among the 10 parks that amounts to $2.4b for Orlando.

Unfortunately it won't, and I'll eat those words if it is. I expect the "investments" to be heavily weighted towards France and Communist China.

 

[Sirwalterraleigh]

I could use a good fluffing.

beavis and butthead laugh - Google Search

www.google.com

 

[matt9112]

Unfortunately it won't, and I'll eat those words if it is. I expect the "investments" to be heavily weighted towards France and Communist China.

I hope the current Turmoil in china makes them really think about spending another penny. China legitimately steals it’s own peoples money. What do you think they will do with your money?

 

[networkpro]

I hope the current Turmoil in china makes them really think about spending another penny. China legitimately steals it’s own peoples money. What do you think they will do with your money?

The quandary to companies in China is how they can repatriate any of their "earnings" given the central control of the economy and currency. I guess for the near term future it will be all in merchandise to sell in the other parks and Target. Disney just looks at the population of 1.4 billion people and drools not taking into account that the average wage is only ~$4K a year, but admission is $67-77. Of course, city dwellers earn significantly more on average with Shanghai running at about $21K.

 

[DonniePeverley]

We have a new CEO whose main focus will most likely be on ensuring shareholders keep him in position - and by that he has to keep the money flowing. A quick easy option for a new CEO is to cut costs to increase profits short term. There are going to be no new massive projects coming up

 

[peter11435]

We have a new CEO whose main focus will most likely be on ensuring shareholders keep him in position - and by that he has to keep the money flowing. A quick easy option for a new CEO is to cut costs to increase profits short term. There are going to be no new massive projects coming up

They literally told shareholders/investors last week that capex spending is going to increase to a record $6 billion annually.

 

[Sirwalterraleigh]

And that's per year, is it not? All the total project costs that have been posted here are usually spread out over 5-6 years.

And where is everyone getting this 1.5b number? If you split it proportionally among the 10 parks that amounts to $2.4b for Orlando.

Person upthread just broke it down amongst the “4” park areas: China, France, California and Florida

Hence “$1.5”…just a placeholder number for discussion

 

[mikejs78]

Unfortunately it won't, and I'll eat those words if it is. I expect the "investments" to be heavily weighted towards France and Communist China.

I hope the current Turmoil in china makes them really think about spending another penny. China legitimately steals it’s own peoples money. What do you think they will do with your money?

I tend to doubt that they'll invest significantly in the Asian parks for some time. Why would they when the government forces them closed every 6 months?

 

[Sirwalterraleigh]

They literally told shareholders/investors last week that capex spending is going to increase to a record $6 billion annually.

On what?
If you’re gonna believe that yutz - which by the way, talks to manipulate everyone, including fans - then you have to consider that “capex” may not be rides and parades…but rather on the hodgepodge of junk thrown in the “division” now

 

[Sirwalterraleigh]

I tend to doubt that they'll invest significantly in the Asian parks for some time. Why would they when the government forces them closed every 6 months?

…they’ve had…issues…

Best not to go down this road again, eh?

 

[peter11435]

On what?
If you’re gonna believe that yutz - which by the way, talks to manipulate everyone, including fans - then you have to consider that “capex” may not be rides and parades…but rather on the hodgepodge of junk thrown in the “division” now

Things said to investors at earnings calls is not intended to manipulate fans. That’s why you end with statements like “unfavorable attendance mix”

Capex does and always has meant more than rides and parades

The number is representive of the entire companies capex expense just as it has always been.

 

[Sirwalterraleigh]

Things said to investors at earnings calls is not intended to manipulate fans. That’s why you end with statements like “unfavorable attendance mix”

Capex does and always has meant more than rides and parades

The number is representive of the entire companies capex expense just as it has always been.

Ok…but what are we talking about here?

Disney fan site…not cnbc, ya dig?

 

[peter11435]

Disney fan site…not cnbc, ya dig?

huh?

We aren’t talking about something that was said on here

 

[Sirwalterraleigh]

huh?

We aren’t talking about something that was said on here

So you’re talking about “the company”?

I have a hard time compelling myself to care…to be honest. The health of the parks and investor concerns are often contrary and I know which one I would pick.

 

[peter11435]

So you’re talking about “the company”?

I have a hard time compelling myself to care…to be honest. The health of the parks and investor concerns are often contrary and I know which one I would pick.

I can’t help believe that you are being deliberately obtuse. I know you are smarter than this.

They publicly stated to investors that capex would reach record highs. You don’t say that if it’s not true and you don’t say that to impress investors. They don’t like that. You’re not trying to impress them with that information you’re trying to warn them.

That total is for the entire company but historically the parks segment takes up by far the largest share of capex spending and there is zero reason to believe that would not continue to be the case.

 

[HauntedPirate]

I want to say CapEx was in the $2.5-3B range per year in the late 2010’s.

My fear is that any spending on the parks will not increase capacity in any meaningful way. We shall see.