Post by tomandrobin on Mar 13, 2024 8:03:17 GMT -5
Jan 22, 2024 9:35:34 GMT -4 tomandrobin said:
Nothing new in the article. I have been posting the same/similar messaging since the pandemic.
That 60 billion "investment" is a joke.....its just a PR piece to make it sound like Disney is doing something. Of that 60 billion, $6 billion is for the three new cruise ships, not counting the Wish.
That leaves $54 billion, over ten years. Disney have 12 theme Parks and 2 water parks. $5.4 billion per year, divided by 12 parks is 450m per theme park per year. If the $17B number is true, that is $1.7B per year at WDW or $425m per theme park per year. Part of those numbers is the completion of current projects and renovations of existing attractions. Part of that $17B is the $$$ being spent on DVC resorts being built or to be built......they aren't cheap. Part is normal Hotel refurb expenses.
Currently, Disney is building no new rides, no new parks, no new attractions. All they have done is shared some "possible" expansions and additions.
Disney has major debt problems. Lots of divisions are making little or no money at all. The theme parks are Disney's "Cash Cow" and they are milking them for everything they can to pay for everything else.
Nothing new in the article. I have been posting the same/similar messaging since the pandemic.
That 60 billion "investment" is a joke.....its just a PR piece to make it sound like Disney is doing something. Of that 60 billion, $6 billion is for the three new cruise ships, not counting the Wish.
That leaves $54 billion, over ten years. Disney have 12 theme Parks and 2 water parks. $5.4 billion per year, divided by 12 parks is 450m per theme park per year. If the $17B number is true, that is $1.7B per year at WDW or $425m per theme park per year. Part of those numbers is the completion of current projects and renovations of existing attractions. Part of that $17B is the $$$ being spent on DVC resorts being built or to be built......they aren't cheap. Part is normal Hotel refurb expenses.
Currently, Disney is building no new rides, no new parks, no new attractions. All they have done is shared some "possible" expansions and additions.
Disney has major debt problems. Lots of divisions are making little or no money at all. The theme parks are Disney's "Cash Cow" and they are milking them for everything they can to pay for everything else.
Well.....Looks like I was right in my $60 Billion bullshit call.
From the Disney's recent SEC filing.....
Walt Disney Company has provided an update on its plans to spend $60 billion in a 10-year investment plan for the Parks and Experiences segment.
Disney says the money "supports investments to create magical new experiences and refresh existing infrastructure."
Approximately 70% of the $60 billion is earmarked for "capacity-expanding" investments, with 20% going to the Disney Cruise Line and 50% to be spent at parks and resorts. The remaining 30% is destined for "tech and maintenance."
Disney says the money "supports investments to create magical new experiences and refresh existing infrastructure."
Approximately 70% of the $60 billion is earmarked for "capacity-expanding" investments, with 20% going to the Disney Cruise Line and 50% to be spent at parks and resorts. The remaining 30% is destined for "tech and maintenance."
So, based on the filing, only 50% is slated for the Parks and resorts (this includes DVC new builds - Poly Tower, Cabins, and at least two more DVC resorts over the next 10 years). That leaves $30 million to be split between the Parks and Resorts, and the Park money is split amongst all the theme parks over 10 years......at least that is as of the recent SEC filing.
Will we get something added to WDW, sure.....But I not expecting too much in the short term.
