Hey all,
Personally one of the most interesting thing to follow during all the lockdowns is the Walt Disney Company. In the last 20 or so years (ever since Bob Iger became CEO) they've slowly gobbled up more and more of the businesses around them. It seemed to many that they were unstoppable in their conquest to own as much of the media/entertainment space as it legally possible.
But then, of course, they shut down in March. And things haven't really been looking good for them since. I know they've stated that theme parks contribute to around 1/3 of the entire company's worldwide revenue. They've been closed for over 2 months now and their Q1 earnings report was looking really shaky.
My question is, when do you think they will reopen their parks? How long can they afford to go without the revenue? Universal just announced they are reopening in early June, but Disney has been completely silent. Part of me wonders if the new upper management changes (there have been so many) have affected decision making.
Personally one of the most interesting thing to follow during all the lockdowns is the Walt Disney Company. In the last 20 or so years (ever since Bob Iger became CEO) they've slowly gobbled up more and more of the businesses around them. It seemed to many that they were unstoppable in their conquest to own as much of the media/entertainment space as it legally possible.
But then, of course, they shut down in March. And things haven't really been looking good for them since. I know they've stated that theme parks contribute to around 1/3 of the entire company's worldwide revenue. They've been closed for over 2 months now and their Q1 earnings report was looking really shaky.
My question is, when do you think they will reopen their parks? How long can they afford to go without the revenue? Universal just announced they are reopening in early June, but Disney has been completely silent. Part of me wonders if the new upper management changes (there have been so many) have affected decision making.
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today
