Disney has not “Bounced back”. It is crawling back. Iger made a lot of mistakes before Chapek but that man seems to get all the blame. Remember, Chapek was Iger’s choice.
Not feasible at least not in the US. FL is a very unique location with unique opportunities geographically and in terms of weather. California was able to provide the basis for that 1st Park but Walt realized that only FL would have the ability to provide what a full blown year round Disney park would need both at the time of construction and for decades to come.
A Disney park in the US needs year round operation and there’s not many places outside of FL/CA that this is even possible let alone viable.
They haven’t bounced back. This is just Disney Fairy Dust covered pro-Disney puff piece like what other industry entities do anytime Disney needs positive press/coverage. Yes the shares are back up a few dollars from the low but that’s a FAR CRY from being on teh road to recovery especially with Disney’s HULU obligation around the corner.
The Little Mermaid is NOT profitable yet and not likely to. You just fell for the fake marketing blitz by the pro Disney media mafia, like this article. Remember the blitz of articles proclaiming that the Little Mermaid is breaking viewership records?
Well turns out that factoring in the production cost and several hundred million dollar MARKETING costs and other overheads and the dismal overseas collection the absolute best this movie can expect is to breakeven, if that.
ATTN ITM READERS: No Disney has not “bounced back”. This article is just another fairy Dust Covered puff piece to try and help Disney’s image. The fact is that Disney’s share price is still very low and as of last reporting by Disney (required by law being a publicly traded entity) Disney has between 3-6 weeks of operating cash, liquid assets they can get to in order to pay for anything. This is the equivalent of an individual living from paycheck to paycheck who has a trust fund that is reliable but only supplemental. For Disney that trust fund would the parks which has kept the company float since all other divisions have been loosing money for several years. Particularly damaging is the loss in merchandise sales for IP related products namely those tied to MARVEL and STAR WARS. While you read about the STAR WARS movie raking in over 1 billion at the box office teh real money/profit comes from the merchandise sales. The movies are marketing tools that when possible can also provide returns but that is not their primary goal.
In addition to having so little cash on hand Disney has a HULU buy-out obligation coming up by end of this year. Currently Viacom is valuing the buy-out at between 30-40 billion while Disney is claiming somewhere around 15 Billion. They will most likely go to arbitration to settle on the price but even if Disney wins it does not have the $15 billion on hand to pay for HULU and yet it is contractionally obligated. The parks are also seeing lower sales this year. Last year’s anniversary celebration helped pad that years numbers so this year Disney is seeing not only more normal sales amounts but even less because a percentage of it’s customers have decided to stop supporting Disney due to it’s recent political activism. Disney is no longer able to rely on the parks to keep it going so other divisions can continue to loose money in order to promote ideological messaging.
Going back to the comparison, this would be if you were living pay check to pay check with a trust fund that started paying out less and less each month and by years end you have a loan payment due that you can’t back out of that is 10-100X more cash than you have access to. No one is going to say your bouncing back unless their being paid to or if they are a shill for you.
Glad Iger is back, but for goodness sake get out of the political woke crap. Do what Walt’s dream was entertainment. Politics will not make you money, entertainment and fans will. Make things affordable. Listen to your fans and stakeholders
People don’t realize that Iger is not a part of the solution, but is the problem. This whole woke culture warriors and mafia within Disney is his creation. Chapek tried to dial it down but the Lgbtq mafia inside Disney threw chapek under the bus. They are the ones who forced chapek to publicly scold the Florida governor over a political bill that has zero to do with Disney.
Now Disney lost its own little county it ran for some 60 years like its own little state. More laws passed by state of Florida to inspect Disney monorail. To now permit state of Florida officers to fine children, adults, entities within Disney.
More laws coming.
Lol all those woke Disney employees should be very happy now. Many are among the thousands fired by Disney due to falling profits.
What does Iger do? Well he is doubling down on Lgbtq mania. More and more lgbtq parades and shows being held in Disney world.
I am super pro lgbtq. And I find the ultra wokeness of Disney counterproductive as a business decision
Now snowwhite is coming out as snowbrown…I am a brown skinned person and I find it nauseating.
It is like tampering with the Star spangled banner. And due to wokeness its tune and words are distorted into some woke rendition. People, some stories are classics. You woke..ify those stories and it becomes a joke because they are ingrained in us.
Go ahead and write new stories. Don’t destroy classics.
So if we have a Disney movie on American independence, George Washington will be a black woman, Jefferson would be an Indian woman in a saree, other founding fathers would be a Chinese lesbian, or a Samoan midget missing a limb.
How much lower can the so called Imagineers at Disney misimagine things?
Neither, both have caved into the small percentile of people and all of them appear to work for Disney these days. Down with the traditional values that Disney followed and in with the new ideology, where children of all ages have to worry about the adult world and what they “feel”. We are supposed to be walking into the wonderful world of Disney, not the rainbow of adults and what they feel or think.
I agree, it is not now bouncing back. Still letting go cast members (yet not decreasing execs perks), resort activities dropped, adding more hotel rooms, yet decreased staff for those resorts, on & on. They need to get their hands out of their pockets and start thinking again about the people and the magic Walt created.
Comments for Disney Company Bounces Back After Shaky Financial Situation
AH
Disney has not “Bounced back”. It is crawling back. Iger made a lot of mistakes before Chapek but that man seems to get all the blame. Remember, Chapek was Iger’s choice.
LegoGuru2000
Amen
Den
Disney probably needs a new park somewhere ither than Florida. There is the law of diminishing returns.
LegoGuru2000
Not feasible at least not in the US. FL is a very unique location with unique opportunities geographically and in terms of weather. California was able to provide the basis for that 1st Park but Walt realized that only FL would have the ability to provide what a full blown year round Disney park would need both at the time of construction and for decades to come.
A Disney park in the US needs year round operation and there’s not many places outside of FL/CA that this is even possible let alone viable.
John Smith
Magic Kingdom remains the most attended theme park in the world. FYI, Disney has parks in California, Paris, Hong Kong, China and Japan.
Ted
Please explain how disney has bounced back. None of the movie releases this year are making money and streaming is still loosing money.
LegoGuru2000
They haven’t bounced back. This is just Disney Fairy Dust covered pro-Disney puff piece like what other industry entities do anytime Disney needs positive press/coverage. Yes the shares are back up a few dollars from the low but that’s a FAR CRY from being on teh road to recovery especially with Disney’s HULU obligation around the corner.
John Smith
Three words: The Little Mermaid. Also, pretty sure streaming isn’t “loosing” anything.
Sam
The Little Mermaid is NOT profitable yet and not likely to. You just fell for the fake marketing blitz by the pro Disney media mafia, like this article. Remember the blitz of articles proclaiming that the Little Mermaid is breaking viewership records?
Well turns out that factoring in the production cost and several hundred million dollar MARKETING costs and other overheads and the dismal overseas collection the absolute best this movie can expect is to breakeven, if that.
LegoGuru2000
ATTN ITM READERS: No Disney has not “bounced back”. This article is just another fairy Dust Covered puff piece to try and help Disney’s image. The fact is that Disney’s share price is still very low and as of last reporting by Disney (required by law being a publicly traded entity) Disney has between 3-6 weeks of operating cash, liquid assets they can get to in order to pay for anything. This is the equivalent of an individual living from paycheck to paycheck who has a trust fund that is reliable but only supplemental. For Disney that trust fund would the parks which has kept the company float since all other divisions have been loosing money for several years. Particularly damaging is the loss in merchandise sales for IP related products namely those tied to MARVEL and STAR WARS. While you read about the STAR WARS movie raking in over 1 billion at the box office teh real money/profit comes from the merchandise sales. The movies are marketing tools that when possible can also provide returns but that is not their primary goal.
In addition to having so little cash on hand Disney has a HULU buy-out obligation coming up by end of this year. Currently Viacom is valuing the buy-out at between 30-40 billion while Disney is claiming somewhere around 15 Billion. They will most likely go to arbitration to settle on the price but even if Disney wins it does not have the $15 billion on hand to pay for HULU and yet it is contractionally obligated. The parks are also seeing lower sales this year. Last year’s anniversary celebration helped pad that years numbers so this year Disney is seeing not only more normal sales amounts but even less because a percentage of it’s customers have decided to stop supporting Disney due to it’s recent political activism. Disney is no longer able to rely on the parks to keep it going so other divisions can continue to loose money in order to promote ideological messaging.
Going back to the comparison, this would be if you were living pay check to pay check with a trust fund that started paying out less and less each month and by years end you have a loan payment due that you can’t back out of that is 10-100X more cash than you have access to. No one is going to say your bouncing back unless their being paid to or if they are a shill for you.
Carrie
Glad Iger is back, but for goodness sake get out of the political woke crap. Do what Walt’s dream was entertainment. Politics will not make you money, entertainment and fans will. Make things affordable. Listen to your fans and stakeholders
Sam
People don’t realize that Iger is not a part of the solution, but is the problem. This whole woke culture warriors and mafia within Disney is his creation. Chapek tried to dial it down but the Lgbtq mafia inside Disney threw chapek under the bus. They are the ones who forced chapek to publicly scold the Florida governor over a political bill that has zero to do with Disney.
Now Disney lost its own little county it ran for some 60 years like its own little state. More laws passed by state of Florida to inspect Disney monorail. To now permit state of Florida officers to fine children, adults, entities within Disney.
More laws coming.
Lol all those woke Disney employees should be very happy now. Many are among the thousands fired by Disney due to falling profits.
What does Iger do? Well he is doubling down on Lgbtq mania. More and more lgbtq parades and shows being held in Disney world.
I am super pro lgbtq. And I find the ultra wokeness of Disney counterproductive as a business decision
Now snowwhite is coming out as snowbrown…I am a brown skinned person and I find it nauseating.
It is like tampering with the Star spangled banner. And due to wokeness its tune and words are distorted into some woke rendition. People, some stories are classics. You woke..ify those stories and it becomes a joke because they are ingrained in us.
Go ahead and write new stories. Don’t destroy classics.
So if we have a Disney movie on American independence, George Washington will be a black woman, Jefferson would be an Indian woman in a saree, other founding fathers would be a Chinese lesbian, or a Samoan midget missing a limb.
How much lower can the so called Imagineers at Disney misimagine things?
Paul
Neither, both have caved into the small percentile of people and all of them appear to work for Disney these days. Down with the traditional values that Disney followed and in with the new ideology, where children of all ages have to worry about the adult world and what they “feel”. We are supposed to be walking into the wonderful world of Disney, not the rainbow of adults and what they feel or think.
Nick the Nerd
Streaming might not be profitable on its own but it has been a way to introduce volumes of new merchandise and we’re all gobbling it up.
Dee
I agree, it is not now bouncing back. Still letting go cast members (yet not decreasing execs perks), resort activities dropped, adding more hotel rooms, yet decreased staff for those resorts, on & on. They need to get their hands out of their pockets and start thinking again about the people and the magic Walt created.
Leo
Still waiting for the part when Disney “bounces back”.
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