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Unread 08-11-2001, 00:26
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Torchin Torchin is offline
Former #192 Guy, why not?
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Disney's Little Secret

Well, its not exactly a HUGE secret, 'cuz I know, but rumor has it that sometime tomrrow Disney is going to have some bad news for its shareholders.

Quote:
“Our studio has added yet another quarter to a year of strong growth. At our parks, effective expense-management measures have largely compensated for the weaker attendance that we had anticipated.”
-Michael D. Eisner, Chairman and CEO of The Walt Disney
Company.
For the first time in 8 years, Disney is expected to report a loss in its quartly earnings. Of the areas most heavily hit, amusement parks will be near the top. Disney is taking a beating from the events of 9.11, because people don't seem to want to go to a "center for American Culture, like Disney World" and would rather go someplace else. Interestingly enough, the 3rd quarter report states that they were taking a loss in amusement parks even then.

Disney Financial Report - 3rd Quarter, 2001 (through 6/30)

The new movie, Monsters Inc (which EVERY animator out there should be willing to kill to see) is expected to turn things around, but not fully.

What effect does this have on FIRST, you might ask, and why am I posting it here, rather than in the rumor mill? Well, let me explain some basic economics to some of you younger folks out there.

Disney is seeing a loss, and to componsate they need to get some more people into those parks. They generate a fair share of Disney's revenue, and so they're going to try to recover it. They are allegedly planning to instigate many "Get people here" policies, including but not limited to:

-Reduced Admission Prices
-Reduced Accomodation Costs
-Special Packages
-Reduced Airfare
-Discounts

I see some lightbulbs going on, but there's still a few dim ones out there...

This means you can most likely get to Nationals, and then stay longer and better for less money, if you purchase your accomodations in the next month. Wait at least a week, I'd say, because that way you won't end up paying more than you have to, because the prices have not gone into effect.

If someone's really gung-ho out there and wants to find out how much hotel prices are in disney right now, we can see if they drop as expected.

So, in summary, wait a week, then start looking at Nationals, because you may save yourself and your team a lot of money.

Have a good night y'all, and watch the news to see if they announce like they're supposed to.
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Nationals is not far away...
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