When will the intervention come?

[DisneyHead123]

I don't think so. Unless I am mistaken, bookings are down at the resorts.

I see that as a separate issue, as it’s been awhile since they added any new capacity. Galaxy’s Edge was the last time, I think.

 

[Chef Mickey]

The fact of the matter is, Disney relies on the parks for 70% of their profits from the park division now vs 25% a decade ago.

Hotel occupancy is extremely low for the foreseeable future at Disney World, their cash cow.

The parks are even less busy vs last summer so far, according to on the ground reports and booking data.

Their stock is currently at $104, down almost 50% from its peak while the stock market is at all time highs.

If Disney relies majority on Disney World for profits, and we keep seeing bookings slip. It’s not crazy to say that this isn’t good for Disney.

Preach. Little known fact on their profits:

Net Income (profit):

2018: $13B
2019: $10.9B
2020: -$2.4B
2021: $2.5B
2022: $3.5B
2023: $3.4B

This is awful and if not for milking their profits at the parks by literally just jacking up prices and robbing guests blind, these numbers would be even worse than the already abysmal actuals they put up. To say it another way, Disney made half as much profit in the last 4 years as they did in 1 year (2018).

 

[davis_unoxx]

Preach. Little known fact on their profits:

Net Income (profit):

2018: $13B
2019: $10.9B
2020: -$2.4B
2021: $2.5B
2022: $3.5B
2023: $3.4B

This is awful and if not for milking their profits at the parks by literally just jacking up prices and robbing guests blind, these numbers would be even worse than the already abysmal actuals they put up. To say it another way, Disney made half as much profit in the last 4 years as they did in 1 year (2018).

Agreed! And with the way bookings are looking, they're in big trouble. So many of us discussed here that we saw this coming, we saw the alienate a huge chunk of their audience through any actions.

 

[Chef Mickey]

Agreed! And with the way bookings are looking, they're in big trouble. So many of us discussed here that we saw this coming, we saw the alienate a huge chunk of their audience through any actions.

"You'll ride it anyway" only works if you keep going. Sure, if you go, you'll ride it. But I bet you won't go back or at least go back as often. I used to go more than practically anyone. I haven't gone in almost 2 years and I don't miss it. There are many places to go.

 

[networkpro]

It will find a solution sometime after Mr Dunning Kruger is replaced and his sycophants leave "to pursue other opportunities" .

 

[Mondo]

There was a lot of public pressure on Disney to rebrand Splash Mountain. "Trend-chasing" or not, I doubt it would have been worth it for Disney to risk alienating the younger generations that wanted the change by just ignoring that and hoping it goes away. My age group tends to put a big emphasis on things like diversity and social values of a company (or at least, they like to say they do. I have separate thoughts on how often people are willing to put their money where their mouth is). That said, from the little I've heard of the retheme there were some missteps. No Dr. Facilier, one of the most interesting villains?

I promise you, it would have drawn more people than it pushed away. Nobody cares about Uncle Remus.

 

[UNCgolf]

I never thought it would be as good as Splash, but I'm always optimistic about a new ride.

It's really not a bad ride in a vacuum. It's just not a great one, either, and it's certainly not on the level of what it replaced.

Disney has definitely done worse with rethemes/replacements, though, especially in EPCOT.

 

[Club Cooloholic]

I know this post will get me 50 laugh emojis and I get how insane it sounds so I don’t mind.

IF we don’t have a major shakeup in the way Disney operates -

Keyword - IF

Universal Studio's will be on equal footing with Disney in the swamps in the next 10 years, taking a huge chunk of market share.

wonder how much it already has? Years ago Disney has the edge simply by virtue of gates, size and hotel rooms. Universal has started to match that all, but still a ways to go hotel wise, but somehow have managed to not push timeshares down our throats.
I will say again, Uni surpassed Disney in terms of an immersive themed land with Harry Potter, particularly Diagon Alley. Disney's response to the was Galaxy's Edge, and IMO the two are just not that close. Galaxy's Edge at times feels like an abandon mall with empty allies and nothing to look at but the brown and tan walls around you. If you enter Galaxy's Edge from Toy Tory land, you are going to be walking awhile before you actually see anything interesting. Given the amount of room that was allowed to the place, I expected more.

Vs.

Juxtaposed with Diagon Alley, where windows come to life at the wave of a wand, tons of costumed people populating the streets, just literally tons of details to look at and no dead spaces, with this land I feel like I am stepping into a movie. With Galaxy's Edge, it's close but just not there.

 

[Disstevefan1]

Preach. Little known fact on their profits:

Net Income (profit):

2018: $13B
2019: $10.9B
2020: -$2.4B
2021: $2.5B
2022: $3.5B
2023: $3.4B

This is awful and if not for milking their profits at the parks by literally just jacking up prices and robbing guests blind, these numbers would be even worse than the already abysmal actuals they put up. To say it another way, Disney made half as much profit in the last 4 years as they did in 1 year (2018).

This is not an excuse and its happening in all businesses. COVID killed everything and as we see here it will take YEARS to recover. Very BAD!

 

[Disstevefan1]

I see that as a separate issue, as it’s been awhile since they added any new capacity. Galaxy’s Edge was the last time, I think.

Absolutely not a separate issue in my opinion. Lower bookings give them the perfect excuse not to expand the parks.

Not that they need an excuse, they were historically slow to expand the parks.

In my opinion, if feels crowded today because of the FAILED Genie+ system,

 

[The Colonel]

What has happened to the place we (used to) love? Simple answer: The last vestiges of a family run business with a customer-centric vision and mission have disappeared and been replaced with a giant, soulless, greedy, shameless corporation that lives for quarterly profits and executive bonuses, and throws in some occasional totally unnecessary virtue signaling.

 

[Sirwalterraleigh]

I’m delusional but you think Peltz should’ve had a spot on the board even with his own destructive track record. Makes sense.

I don’t know why we’re pretending Disney is in dire straights because of one down year at the box office. The stock is consistently rising, parks are busy, cruises booked, and they’re making money hand over fist. What is to be “pulled out of” that isn’t already being addressed?

Peltz is toxic

However doubling down on what they have is also the definition of insanity

Both things can be and are true

 

[Sirwalterraleigh]

I see that as a separate issue, as it’s been awhile since they added any new capacity. Galaxy’s Edge was the last time, I think.

That was not new capacity

 

[Sirwalterraleigh]

What has happened to the place we (used to) love? Simple answer: The last vestiges of a family run business with a customer-centric vision and mission have disappeared and been replaced with a giant, soulless, greedy, shameless corporation that lives for quarterly profits and executive bonuses, and throws in some occasional totally unnecessary virtue signaling.

Are you saying they’re “soulless and rapacious”?

 

[DisneyHead123]

Absolutely not a separate issue in my opinion. Lower bookings give them the perfect excuse not to expand the parks.

Not that they need an excuse, they were historically slow to expand the parks.

In my opinion, if feels crowded today because of the FAILED Genie+ system,

I guess my way of looking at it is - you will always have rises and falls in crowd levels. Right now there are a bunch of factors (including guest dissatisfaction) that are probably contributing to a fall in crowd levels.

That said, as a general trend, increased capacity has not really offset crowds so far. Overall, it just seems to bring more people to the parks. But that may be because capacity increases have been relatively small so far. I'll be curious to see how Epic Universe plays into that trend. If they eat into Disney's capacity or if, alternately, you just see way more people overall going to Orlando.

 

[DisneyHead123]

That was not new capacity

My mistake, looks like that was only in Disney Land.

 

[Sirwalterraleigh]

My mistake, looks like that was only in Disney Land.

Indeed

 

[davis_unoxx]

Hello everyone!

It's not just the general public that feels meh about recent additions added to the parks with Galaxy's Edge, Avenger's Campus and Tiana's. Bob Iger isn't happy either.

I know from second hand account, that when Iger walked around Galaxy's Edge, he called it a lifeless shopping mall. He also said similar comments about Avenger's Campus at DCA. I'm getting this information from my former time working at the Disneyland Resort which concluded this spring. I was friendly with a lot of security guards, and this was what they witnessed Iger saying.

I heard these comments about those lands, before it was reported here that he also called Tiana's Bayou Adventure boring. I have no doubt in my mind that he said the same about TBA due to his notorious reputation among cast at DLR for being ruthless in his comments about how he is feeling.

Iger made comments earlier this year, that he wants to Disney to focus on quality and not pushing messages. Let's see with future projects he puts his money where his mouth is.


@TP2000 What are your thoughts on Iger making these comments? Is he really in control of the company with these initiatives they've been pushing, or do these panel groups have more sway for now?

Disney CEO Bob Iger says company's movies have been too focused on messaging

Disney CEO Bob Iger acknowledged his company's movies have been too focused on messaging rather than strong storytelling.

www.cnbc.com

 

[Sirwalterraleigh]

Hello everyone!

It's not just the general public that feels meh about recent additions added to the parks with Galaxy's Edge, Avenger's Campus and Tiana's, Bob Iger isn't happy either.

I know from second hand account, that when Iger walked around Galaxy's Edge, he called it a lifeless shopping mall. He also said similar comments about Avenger's Campus at DCA. I'm getting this information from my former time working at the Disneyland Resort which concluded this spring. I was friendly with a lot of security guards, and this was what they witnessed Iger saying.

I heard this way before it was reported here that he also called Tiana's Bayou Adventure boring. I have no doubt in my mind that he said the same about TBA due to his notorious reputation among cast at DLR for being ruthless in his comments about how he is feeling.

Iger made comments earlier this year, that he wants to Disney to focus on quality and not pushing messages. Let's see with future projects he puts his money where his mouth is.

Disney CEO Bob Iger says company's movies have been too focused on messaging

Disney CEO Bob Iger acknowledged his company's movies have been too focused on messaging rather than strong storytelling.

www.cnbc.com

Funny how he approves all that crap, huh?

He also said - in late 2022 when they knew domestic park attendance was gonna fall - that they “might have pushed pricing too far…”

And now look at all the changes he’s made since!

Increased prices ACROSS the board.

What a guy

 

[Disstevefan1]

When will the intervention come?​