Sheltered-at-home Park nostalgist
Disney announced recently it wants to issue, and may have approval for, $6 billion in "long-term debt". And the Federal Reserve announced shortly after Disney's announcement that it wants to buy up "long-term debt" in an unrestricted manner for an indeterminate amount of time.I don’t think anyone is criticizing Disney...I know I’m not. But as you point out - they are in a precarious position. They have done buybacks...that’s purely for Iger, the board and the shareholders...and does little to nothing positive for the rank and file...but we’re past that now. They have not to my knowledge taken the crisis as an opportunity to cry for public bailout. The airline CEOs where in Washington crying for money weeks ago - before major disruptions and closures had started. That’s about a month or so after posting “record profits” and record compensation packages.
That’s not “laisse faire”...that is absolutely corporate welfare. And that is BS.
I’m Not labeling Disney that.
Advertising and subscription fees for the tv segment peaked in 2009 and have declined since. It’s not a coincidence they keep cranking park prices. It’s not because all of a sudden they became “great”...it was a difference in need/philosophy.
What was the line from the teacher in "The Incredibles"? 'Coincidence? I think NOT!'