Sirwalterraleigh
Premium Member
82 games...gonna lose a coupleYour Flames got snuffed by the Blues in a shootout last night.
82 games...gonna lose a coupleYour Flames got snuffed by the Blues in a shootout last night.
88Ah! When were the Calgary Olympics again? 1988? 1992? I forget. I have always wanted to go to the Calgary Stampede! I've been to the Ellensburg Rodeo a few times, which is the Washington state version of the Stampede, but obviously not on such a grand scale as Calgary.
And I had no idea this website was based in Great Britain! They sure hide it well, what with all us Americans crawling all over it. I just assumed it was based out of Orlando.
I'm going to try to spell things the British way from now on here, like World of Colour.
Back OT, interesting article in the Journal today about the complete crash of Chinese tourism abroad.
From Bangkok to the Boulevards of Paris, Absence of Chinese Tourists Hits Hard
With Chinese visitors now the most lucrative group for many countries’ tourist industries, the coronavirus that is keeping those travelers at home is having a widespread impact.www.wsj.com
It means the HK and Shanghai parks are partnerships. The Chinese/HK government provided land and money, Disney provided expertise and other items, and maybe some cash to build things.
So the revenues collected from the parks are allocated to things, such as labor costs, Food and Merchandise purchases, and royalty fees that are paid to Disney. Any remaining money (gross profit) is allocated based on a formula in the partnership agreement, some goes to a fund for future products, other funds are then split between the partners, the Chinese Government and Disney.
If you compare it to a Corporation (aka Disney), it would be like the Chinese Government having 57% of the stock, and Disney 43%. So the Chinese Government is the majority shareholder, and gets to make the decisions. Disney has the partnership agreement that allocates certain decisions to them.
The percentages changed again. I don’t recall to what but Disney’s stake decreased.Just for correction If I remember correctly percentage ownership in equity changed.
Disney now owns 48% and Chinese Government owns 52% .
The contract changed in 2009 when the Chinese Government and Disney worked out a new deal when dealing out plans for expansion.
Disney would invest more for the expansion and therefore the government would reduce its investment and hand over Disney the additional 5% .
1998 terms = 43% Disney / 57% Chinese Government.
2009 terms = 48% Disney / 52% Chinese Government.
It means the Chinese government owns everything...Disney agreed to pay the ransom to access that “huge” market that had little use for western fables
The percentages changed again. I don’t recall to what but Disney’s stake decreased.
The percentages changed again. I don’t recall to what but Disney’s stake decreased.
I don’t live in a world where control does not mean ownershipnot really it just means that the Chinese government has control.
I'm afraid you're reading way too much into my comments on Wuhan. China is huge, but it is also a poor country with a GDP per capita of only about $9,000 per person per year. It just surprises me how there is a few hundred million people in China who are wealthy enough to travel internationally, while the other Billion are not. What changes that country has seen in the last 20 years!
But a week ago I'd never heard of Wuhan. Had you??? A week ago could you point out Hebei province on a map, much less Wuhan? I certainly couldn't pick out Wuhan on a map, and I doubt most Americans could. I still can't, although I now know it's in the central interior area of China, southwest of Shanghai. Thus, I stand by my claim that Wuhan is an obscure place for me and most Americans.
Obscure. adjective
- not discovered or known about; uncertain.
But if you had a previous relationship and affinity for Wuhan and/or Hebei province prior to a week ago, then even you must admit that's a pretty rare thing for an American.
Otherwise, I'll keep reading my subscriptions to the New York Times, Los Angeles Times and whatever else realclearworld.com throws my way each morning and see what else they have to say about Wuhan and Communist China.
My understanding is that my retired life of leisure allows me to be actually pretty well read, compared to most Americans who barely have time to tune in to news radio on their commute or watch 20 minutes of the local TV news. I did, after all, start this thread within a few minutes of waking up last Friday and reading the breaking news from the BBC that Shanghai Disneyland had closed indefinitely.
And nearly half of America lives in poverty today. 140 million Americans lives UNDER the poverty line.
Where the heck did you get that stat from?
The current poverty rate in the USA declined to 11.8% in 2018, and is well under 12% for 2019 and still dropping.
As if half of the United States being plunged into poverty this afternoon wasn't already bad enough, the Coronavirus fallout is now adding insult to injury today for Disney theme parks in this country.
Over on the WDW side of this British forum, a solid insider named @WDW Pro just dropped this unfortunate news (bolded the key sentence for this thread)...
"Per a reliable source, I'm informed that an upcoming meeting in two weeks to determine potential changes / expansions for Galaxy's Edge has been put on hold with a tentative meeting in April that exists more as a placeholder than anything. This meeting was to be attended physically or via teleconference by Bob Chapek, Megan Crumpacker, Vanessa Morrison, Kris Theiler, Josh D'Amaro, Phil Holmes, and Kareem Daniel (among others). The cancellation of this meeting is directly due to the closure of parks in Asia, which is placing a hold on all potential future expansion expenditures for domestic parks until a more firm outlook in that region can be determined. Furthermore, I was told that a contingency plan is in place should Asian parks remain closed for significant durations that would see one of the water parks at WDW closed for the spring, as well as all mini-golf venues, and reduced hours at the parks (think opening times of 10 am for non-MK parks). All of these changes are ONLY on the table if Asian parks stay closed for months. The belief is that WDW can absorb cuts much better than DLR, which is already being run on lower staffing due to the summer "Close the Gap" initiative. Regardless though, any changes for Galaxy's Edge at either US park is now on hold."
Our favorite insider @marni1971, who even I know is British, responded immediately with this unsurprising yet very interesting point about Disneyland...
"Disneyland was hit hard last summer. I had a chat last week with someone who went into detail about how badly. This would be a double whammy that would also have a knock on effect on the east coast."
And so it begins...
I am genuinely curious though... how would closing a water park make up for lost revenue in Asia? I assume the water park makes money, so wouldn't closing it decrease revenue- which I assume will be desperately needed?
Woah woah woah...
Let’s just nip this “changes or expansions for Abrams Edge” nonsense in the bud now...
That would have ZERO to do with China. It was already not an option.
I get people love baby yoda (if they haven’t forgotten him...as a year long hiatus is underway...) but are we STILL not accepting what has happened with that franchise and the parks??...they have bigger problems there already.
Don’t want to Jack the thread...so I’ll offer this take and move on.
I’ll pass...this is turning to a great discussion...and I’ll ignite the Disney Wars Defense League if I go on.I think it's probably an easy way for them to cut labor costs, which are often a businesses biggest expenditure.
No one goes to Disney World for the water parks, they go for the rides and the whole "Disney!" thing. So they could close a water park and a mini golf course, plus cut out a few Jungle Cruise launches and shave an hour or two off the park operating hours, and people would still show up. They would be trying to squeeze more customers through a smaller operational hole, but it would mostly work and the customers wouldn't cancel their vacations over it. And they'd save money in America as the Chinese parks bleed cash.
No, don't move on, it's a valid point!
There are definitely creative problems with how Star Wars Land turned out and what they decided (well, what Mr. Chapek decided) to cut and remove from the final product before they opened it to the paying public. For the long term health of the land on both coasts, I am now of the opinion they have got to figure out how to back away from the restrictive timeline and character issues they created for themselves.
If I pay good money to go to Star Wars Land, I need to see Darth Vader and C3PO and the whole gang! Not that blue-haired woman no one cares about who mumbles nonsense to you in passing.
That said, there was apparently a meeting to discuss Star Wars Land expansion and the meeting included top executives from LucasFilm, Imagineering, and the two theme parks that Star Wars Land is in.
So something was afoot for Star Wars Land until last week when the Chinese parks were closed indefinitely and the entire Communist China business model began to collapse.
I vote FiloniI’ll pass...this is turning to a great discussion...and I’ll ignite the Disney Wars Defense League if I go on.
So “carry on”
By the way though...the management of lucasfilm is going to be totally replaced. There’s already hints of that in motion. The timing and how they spin it isn’t known - but it won’t change the truth behind it.
This might seem crazy but can WDW deny entrance to a guest who attempts to enter a water park who is visible sick ( coughs, sneezing) ? It would be a illness waiting to spread.I would think closing one water park will increase attendance for the other water park, thus concentrating attendance and labor.
They are still faced with Star Wars Land as an upcharge and unpopular sequel trilogy experience, not helped by inability for anyone to get a Rise of Resistance ride who doesn’t show up early. “Invasion of the Body Snatchers” Star Wars. Whose Star Was?”
This is the thought processI would think closing one water park will increase attendance for the other water park, thus concentrating attendance and labor.
They are still faced with Star Wars Land as an upcharge and unpopular sequel trilogy experience, not helped by inability for anyone to get a Rise of Resistance ride who doesn’t show up early. “Invasion of the Body Snatchers” Star Wars. Whose Star Was?”
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