Lodi, WI
This is not good news if you are a Disney Parks fan.
(Topic ID: 262795)
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Quoted from Rdoyle1978:From a business perspective, it IS doing great. They have a big number of subscribers (30 million i think?), which is what matters to shareholders. Doesn’t matter if they papered the room. Some of those free subscriptions will go into year 2, and they’ll get more as more content goes live. If they continue the “Disney vault” approach then people will continue to have reason to subscribe.
It is not doing great. They forecasted higher subscriber penetration, and the churn that occurred after Mandaloiran was greater than they layered in.
As is, it won't turn profitable until 2024.
Quoted from Rdoyle1978:Source ? The last article I read said they had hit close to 30 million, which exceeded the 20 million they initially projected for the start of 2020. Disney is clearly making an investment in this system they will capitalize over many many years. Remember, they use Hollywood accounting anyway. Nothing is ever “Profitable”. Yet they somehow seem to keep making money...
Source is a person inside the Org hanging around the DVC Club. 
When you pull back on guaranteed cash flow agreements, you have to offset that revenue loss. Doesn't matter if you're in Hollywood or not. You're Hollywood comment is related to offsetting indirect/common costs, which historically has been used to reduce royalty payments. Music industry has done the same.
Quoted from RazerX:I welcome the change. The parks and resorts have been losing "the magic" the last few years though IMO. Feeling like I'm getting more nickle and dimed every year with bigger price hikes, more fees and less stuff included, like charging for parking at the resort for example. Feeling more like Universal in that way where everything is a money grab which wasn't always the case. Galaxy's Edge feels like it's barely in the SW universe to me with so much of it just a generic animal kingdom future style land with alot of dead space and a couple of ships sprinkled in. Hugely disappointed with that area. Disney Springs has all the charm of Vegas shopping mall now including the main World of Disney store which was basically stripped of all the fun character decor it had inside. I feel that way about much of what they have "renovated", seems more boring watered down style with far less character than it used to have. Rooms at Pop Century don't even have carpet any more, WTF? The parks are too damn full all the time now to enjoy them as much as we used to. There have been some pluses though. Skyliner has been a great addition and from all indications the Tron coaster is going to be kickass. I used to love going there much more 5+ years ago.
Hate to tell you this, but Chapek, who has been with the company since 1993, has been chairman of Disney Parks, Experiences and Products since 2018.
Quoted from RazerX:I'm aware. Just hoping trends will change regardless but not optimistic about that.
Actually, you're correct in that his replacement could make some positive changes, assuming Chapek approves them. His comments throughout the years on what the parks and brand means to him isn't encouraging.
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