Bob lger Thought He Was Leaving on Top. Now, He's Fighting for Disney's Life.

[MULTIZ321]

Bob lger Thought He Was Leaving on Top. Now, He's Fighting for Disney's Life.

Bob Iger Thought He Was Leaving on Top. Now, He’s Fighting for Disney’s Life.

The former C.E.O. thought he was riding into the sunset. Now he’s reasserting control and reimagining Disney as a company with fewer employees and more thermometers.

www.nytimes.com

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Richard

 

[pedro47]

Folks, this is a very serious article. Disney employed over 230, 000 employees
and they are furloughed or laid off. Now, just think about how many other small, medium and large business are now closed because Disney is closed.
Maybe, 500,000 employees are not working because Disney is closed.
This is a very conservative figure on my part. IMHO.

 

[bogey21]

Add the airlines, hotels, motels, car rentals, etc. that people going to Disney spend on. We focus on Disney Parks in the US. Disney also has issues with Euro Disney and China Disney. Add to this that they are losing money signing people up for Disney Streaming and can't release their new movies to theaters. Disney won't fail but they are sure hurting...

George

 

[dioxide45]

Add the airlines, hotels, motels, car rentals, etc. that people going to Disney spend on. We focus on Disney Parks in the US. Disney also has issues with Euro Disney and China Disney. Add to this that they are losing money signing people up for Disney Streaming and can't release their new movies to theaters. Disney won't fail but they are sure hurting...

George

How are they losing money on people signing up for Disney Streaming? With the stay at home orders, more people are probably signing up.

 

[queenofthehive]

The monthly fee of Disney+ is just a drop in the bucket. It is nothing compared to what one spends on a Disney vacation.

 

[pedro47]

Disney streaming accounts for probably less than 10% of their total operating budgets. The big tickets items are their theme parks, resorts, films and cruises IMHO.

 

[bogey21]

How are they losing money on people signing up for Disney Streaming? With the stay at home orders, more people are probably signing up.

Disney reported Quarterly Results on February 4th. They said they had signed up 28.6 million subscribers at an average of $5.52 per month. They said they lost $693 million getting these customers and estimated the loss would total $900 million. Long run they will make a big profit from this. Short term they are losing money...

George

 

[Brett]

Disney reported Quarterly Results on February 4th. They said they had signed up 28.6 million subscribers at an average of $5.52 per month. They said they lost $693 million getting these customers and estimated the loss would total $900 million. Long run they will make a big profit from this. Short term they are losing money...

George

right, ESPN and the Disney parks are losing money but the customers will be back when the pandemic ends
I'm not feeling sorry for Bob

 

[Brett]

The Disney theme park in Shanghai China has already reopened

"to gain entry, visitors must submit to a temperature check and present a government controlled QR code on their phone that indicates they are virus-free. and they must wear masks at all times, removing them only for eating. "

 

[pedro47]

The Disney theme park in Shanghai China has already reopened

"to gain entry, visitors must submit to a temperature check and present a government controlled QR code on their phone that indicates they are virus-free. and they must wear masks at all times, removing them only for eating. "

Good for Shanghai China and Disney. Sound liked something did work in China to open a Disney theme park.

 

[queenofthehive]

The Disney theme park in Shanghai China has already reopened

I believe that was just for the Downtown Disney shopping area not for the actual Disneyland theme park.

 

[bbodb1]

Considering the cash cow it is, if Disney cannot easily survive a less than two month interruption in their operations (to this point), this becomes yet another piece of evidence of how poor Iger's CEO as Disney has been.

 

[T-Dot-Traveller]

Bob lger Thought He Was Leaving on Top. Now, He's Fighting for Disney's Life.

Bob Iger Thought He Was Leaving on Top. Now, He’s Fighting for Disney’s Life.

The former C.E.O. thought he was riding into the sunset. Now he’s reasserting control and reimagining Disney as a company with fewer employees and more thermometers.

www.nytimes.com

.


Richard

Hi Richard ,
Thank you for posting this article .

It got me thinking - about personal future planning / how “reopening” will work in many functions
of our personal & work life .

 

[Brett]

I believe that was just for the Downtown Disney shopping area not for the actual Disneyland theme park.

OK, I just saw that in the Wall St. Journal this morning
But it does make one think about how the parks will operate in the future -