A frightening number of the people who did the creative on the Epcot Overhaul have never been to EPCOT. Some have never even been to a theme park. Not making this up
@@MickeyViews Similar to how so many resort rooms now feel like a Hyatt or Marriott room (example: the awful redesigned 5th wheel campers..er uh i mean "DVC Cabins") im sure this has nothing to do with hiring those companies designers. Disney is losing the Disney part of Disney.
Gotta say, the fact he'd go incognito and see what it's actually like is pretty admirable. It's more than some managers of wdw parks even do like you mentioned about some not knowing where stuff is.
@@davidschaefer5293 Feels more like pandering to the board & shareholders. I don't trust him not to be a Mr. Potter & transform Disney into Pottersville.
Long time DVC members here, just sold our allocation in AKV so only got BCV left and thinking enough now.. Never thought we’d get so fed up with what Disney are (or aren’t) doing these days that we’d spend more time at Universal.. Yet here we are😔😔 Speaking to a DVC cast member last year he “begged” us to give them more time as “we’ve listened and changes are coming”. Where??🤔🤔
I agree. Brayden pulls together the news, the numbers, the possibilities with his passion for this company and his youthful energy. He’s realistic about the movies fiasco. He is truly dismayed about how the profit engine - parks and resorts - is being shortchanged. He obviously cares more than these executive faces in board member boxes.
Disney's reputation is tanking in plain sight. They seem to be doubling down on all the things that have caused their fall. Sadly if change doesn't happen soon it might be too late
This is so good! 🎉 Walt Disney was all about having a great product & giving the guest everything, this is not what the WDW Company is all about today. Thanks Brayden 🎉
Disney has a fiduciary duty to do what’s in the best interest of the stockholders. The fact they keep lying by suggesting they will invest capital then renege is boarder line criminal. Clearly, Disney+ and movies are at a CONSTANT loss
@MrSwanson_ i have a few. Bob claims poor movie performance is due to a decline in the theater attendance. Thats a lie (top gun maverick, barbie, Oppenheimer). Bob claimed declining attendance has nothing to do pricing or dislike of disney but weather. He said it was too hot. It actually wasnt hotter this summer than the last 5 summers. He lies. Get over it.
@@LowTide941 Speak of Forensic accountants, FL hired one to look into Reedy creek and found MANY illegal handling of funds, bonds, loans....Which could potentially be submitted as evidence in criminal court. and the cost of a movie and what they gross and net is public record if you know where to look, there are corporate accountants and WITH Disney stocks on youtube unveiling Disney's Lies by omissions. Valiant Renegade, Legal Mindset, WDW-Pro. Its also not hard to follow the stock market, disney has lost 60% of their stock value, which means the overall value of the company, in 2 short years, daily up ticks in the stock that Disney likes to run with does not tell the full story (again they Lie by omission). They are HURTING financially. Not ONE Disney movie in 2023 actually profited. They have lost billions. The channel's mentioned above bring the receipts on their live streams. Something Disney nor the media does, they just run Igar's narrative.
Outside Directors and stock ownership have zero relationship. In fact usually the only stock board members have is free warrants from being board members. Plus a lovely annual cash ‘gratuity’
They are scared because Peltz has made friends of past enemies and will absolutely turn many of the board members around to his view because he knows business better than the whole board combined. This isn't the first major company Peltz has fought and won then turned around. Bob's ego is the problem and thinks he's the smartest when he's far far from it and Peltz will school him on how to do business right.
It’s crazy to think that the board is trying to bring down a shareholder who just wants to invest money on the only profitable part of the company. I mean, that’s what companies are supoosed to do…
Iger is just redirecting the profits from the parks to the other Disney owned projects because most of the projects that are failing were Iger's grand ideas/projects. Letting them fail would be admitting his own failure. At this point though, Iger's legacy is a failure and the sooner the board and CEO are replaced the better chance of retaining, restoring, and enhancing the parks.
They need to go back to what made them the standard everyone else in theme parks and animation strived for: family and children were the focus, pricing was simple to understand and the customer experience was unmatched.
They can start by completely stopping apologizing for their past work. And stop remaking CORRECTED versions!!!! How stupid can you get? This nonsense never seems to end. Remember the majority viewers and leave the old classics alone.
I feel like every board member should be forced to go to Disney without Genie+ for a week before they can be on the board. And maybe for a week *with* Genie+ too. 😂
An 81-year-old multi-billionaire is absolutely not the answer for CEO at Disney. I'm not necessarily advocating for any current management in the Disney corp, but Peltz is just as out of touch as anyone. His main accolades all relate to food industry. And just personally, he's a Trump supporter, and I don't trust Trump supporters to do anything but look out for themselves. Do you really think, at 81-years-old, this guy will really care about the product Disney is putting out there, especially in the theme parks? He's an out-of-touch "me first" kind of guy who just wants the status symbol.
I think that's why he's also nominating Jay Rasulo. Jay was a senior exec at TWDC and probably has a better idea of what's needed day to day. Peltz is in his 80s and doesn't need the stress.
@@EdHarrell1 Peltz seems like he has some good potential, but I would be VERY wary of having Jay Rasulo come back into the picture, as when he was the CFO and also the President of Parks and Resorts.. he did more or less the opposite of what Peltz is suggesting.. the only notable investment he did to the parks was Toy Story Mania, but everything else was barren.. and he took away a lot of the power, influence and budgets the imagineers and creatives had... The biggest "plus" of Rasulo's Tenure as President of Parks and Resorts, was that he was not as bad as Paul Pressler, who was absolutely awful.. that's not a good thing, because if he hadn't followed a terrible President of P&R, then he'd have been called out for also being a terrible President of P&R.
If you’re really trying to make money as a company, provide products your customers will buy…it’s an easy synergistic relationship…Disney has chosen an adversarial relationship with regard to their products/media….The stock trend shows how that’s working for them…lest we also look at the brand erosion that has occurred and even the “normies” are realizing…..not good…Hope they change before it’s all over.
Bottom line- Disney got way too political, and many will blame Chapek but it was really Iger who pushed a lot of this behind the scenes. Chapek was against retheming Splash, thought it was a waste of money, which it is! Iger always had political aspirations, and used Disney for him to push his agenda and stay in the good graces of Hollywood. Disney has alienated a large part of their core audience, they need to make some massive changes to get these people back!
None of that has any significant impact on the company’s finances. Nobody in actual positions of power gives a single crap about any of the made up culture war nonsense, because it’s negative effects are negligible
7:20 - This 💯 times over! The vast majority of Disney media / movies over recent years have a focus on what they want society to be (like Brayden said) rather than what the majority of people want. So it is no surprise more and more people seeker other forms of entertainment that give them what they want.
Maybe if the board would stop pulling the cash out of the Parks and spending it on other ridiculous projects like the Disney+ app it wouldn’t need any cash
Braden, you are head and shoulders above any other content creator or Disney news company when covering the company itself and all the loves on the board and finances of the company. Great work! We always look forward to your intelligent, well prepared and thoughtful coverage. Keep Bringing us all the “under the radar” stuff!!!
Ehh. Parks are still making money, movies are still losing money, rich executives are still arguing and the rest of us are still waiting on the new universe park and Nintendo world. Am I missing anything?
No. Peltz is saying things that SOUND like the right direction, but he has so many slips when he speaks its unreal. Its never about helping the guests or making better decisions, its about lining the pockets of shareholders. Those two are not and have never been aligned with one another.
I have found that an article by Yale Insights from last year in January going over his "successes" in that it was more bark over bite and even his son in law, who also is involved in stock activism, isn't that good either. We'll just have another suit lecturing us and stealing our money and making things even more creatively bankrupt. He might as well write and produce the next film from any of the studios and it'll be probably no different from a Weinstein heavy produced film. Lots of unnecessary edits, cuts, useless tripe and creatively dead.
Wow, it’s almost as if raising prices to the point that alienates your base actually hurts your business long-term 🤯. I mean, how can Disney not raise the prices so high that people don’t want to come back while Universal is actively courting and stealing their fans… It’s almost as if they think we’re gonna keep paying for nothing just because?
I know you don't like to get political on this channel, but with this situation I think that may be unavoidable. It is BlackRock/Vangaurd's (owned by the same people) DEI requirements that got to this point. The board is not doing anything because they are, by design, incompetent tokens put there for Blackrock's DEI standards. Blackrock doesn't need Disney's sucess, they aren't here for the money, they are here to use Disney to push their political opinions. I imagine the media is not picking this story up for similar reasons.
Disney needs to allow sponsors for the non IP attractions. Even call Siemens back and see if the offer is still there for them to fully fund the new monorails even if their name is on them next to Walt Disney World it will cut costs without them charging visitors more, plus when the state goes to shut the monorail down they’ll be brand new and up to code.
The sponsorships of the 1980s were largely failures: companies were generally unwilling to continue paying attraction maintenance costs and don't seem to have found the exposure very valuable.
Brayden, you're kidding yourself. This guy is a classic corporate raider. He wants to see Parks split out, load it up with huge debt (because it is a good cash generator), pay out huge cash dividends as greenmail, then dump his stock. ESPN would be another hot split for Peltz, with wild speculation from Wall Street for the potential sports gambling business. You're advocating for the long term destruction of the parks: If Parks is split out to appease Peltz, they'll be saddled with debt for years to come, then they can't invest anything, the parks will degrade, which will make them prime takeover targets.
But they look at it as, we're raising prices and doing nothing, and the guests still go to the parks and cruises. So why would they do anything different?
A company with happy employees is doing something right. If all you look at is shareholder return, you’ll fail. Stock value is a measurement, not a goal.
Thanks for this Brayden! I am not a very good accountant or businessman, but with all the talk of lack on investment in the parks, how is it that all the overseas parks, especially Tokyo Disney Resort, are getting all these new attractions? Did you see that amazing new Electrical Sky Parade drone show over at DLParis? How do these parks seem to get such great new attractions?
Tokyo is owned by and funded by a third party company. Paris upgrades are paid for by Disney but Paris also has its own team with managers that aren’t money grubbing as hard as the domestic ones like Jeff Vahle are. However, I do think it is possible something like the sky parade could be coming our way since it’s not breaking the bank. We shall see
@@MickeyViewsMaybe this is what should be done to rescue the parks in the USA? Set up Disneyland Resort and WDW like Tokyo or Paris? To my mind, the fastest way to boost WDW is to add DisneySea as a fifth park with connections somehow to the Disney Cruise lines and port on the Atlantic.
Peltz talks a big game about the parks , but it’s just talk , he wants to make Disney stock attractive that’s why he wanted dividend back, dividends are basically only good for stock holders and that’s all he’s worried about and to make the stock better on paper he’s gonna want to cut more and nickel and dime people at the parks more, it’s basically what wallstreet does.
I agree and it's frightening to see so many people championing him. I'm not an Iger fan at all and I don't really have anything good to say about the current board but I don't see anything Peltz has said that makes me feel better as a parks consumer. I get why STOCKHOLDERS might love him, but what's good for stock isn't necessarily what's good for the parks.
They wont be getting a dime from us for the foreseeable future!! When they raised the prices on annual passes and removed the park photos from the package a couple of years ago, that was my breaking point!!
If I could wave a magic wand and suddenly have full control of the Walt Disney company, this is what I would do: 1. Remove Bob as CEO and put someone in his place with a ton of energy and intelligence who would do my bidding. I don’t want to run the company day and night but I want control of the major decisions. 2. Remove KK and put someone in her place who has a deep love and understanding for Star Wars and the other Lucas properties. I wouldn’t hand it to Filoni or Favreau, as I think there are many out there who could do better. Bring George back as a consultant and keep him involved. 3. Retheme Galaxy’s Edge to the original trilogy. Build a motorbike/straddle coaster similar to Hagrid’s/Tron that’s themed to the speeder bikes on Endor. Include Luke deflecting blaster fire with his lightsaber and a scene where a scout trooper crashes into a tree with pyro effect. Some of the effects can be achieved with projection mapping but there should be at least some practical effects and animatronics. There were some rumors about something like this, and combined with a general Retheme of GE this would revive a lot of interest in Star wars in the parks. 4. Start making Star Wars movies again instead of dumping everything on D+. Cut out the activism and focus on characters and stories. Andor was a good example, but I would also move away from the Skywalker timeline and explore the old republic. There’s so much good material there for at least 1 trilogy and it wouldn’t be dependent on tying into the existing movies. Bring in some artistic and visionary directors like Villeneuve. Give them a lot of artistic freedom but make sure the spirit of Star Wars is there and there’s an overarching plan for the trilogy. 5. Take a similar approach with Marvel, cleaning house while bringing in talented writers and directors who care for the source material. No more activism and pandering, just get back to what made them successful in the first place. 6. I don’t know how to do this, but try to recapture the brilliance of Disney’s animated movies from the Walt era and the Disney renaissance. Maybe make some new cell animation movies instead of everything being cgi. Also, try to get Lasseter back to save Pixar. 7. Build a bunch of high-quality dark rides across all the Disney parks, along the lines of the Beauty and the Beast ride at Tokyo Disney. They don’t all have to be trackless, they just have to have that Disney charm. This will give them more high capacity rides that whole families can enjoy and bolster an area that’s already their strength. They will need to bring back some of the imagineer talent lost in recent years and hire some new talent there.
9. Restore “Journey into Imagination” to its original version. This will appeal to the WDW fanatics who have been largely neglected under Iger and Chapek. These are people like myself who are nostalgic for the original version and many of us have kids with whom we want to share it. This would transform a very unpopular ride into a legitimate draw for Epcot. 10. Get rid of Genie+ and go back to the free fast pass system. This will not be a positive to revenue in the short-term, but this would reverse the most hostile change made toward passholders like myself, and something repeat WDW visitors have also hated. Revenue can be made up in more obvious ways by increasing the price of annual passes again, increasing price of alcohol and food, adding more alcohol drink offerings for the wine moms across all the parks, etc.
To be fair it wasn't advertised. But that's kind of the problem isn't it? Had the movie not been dumped onto Disney+ and been given a normal release with all the usual performance it probably would have done better. So what I mean is, I just want to make sure we are being critical of the executive decisions and not the artists.
I’d like to know about their 100th-anniversary special movie “Wish”. I went to “The Boy and the Heron” instead of “Wish”, after seeing reports that the glorious music did not make ip for a ho-hum plot.
@@TheNamekianClown If it was a decent movie word of mouth would have kicked in - this still is Disney. It wasn't a good movie, positive word of mouth was non existent and here we are. The last five Disney movies, despite massive marketing budgets have also been flops. So yeah, the artists certainly have ownership of the last several years of dismal performance.
@@DocNo27 Soul is fine. It's not amazing but it's fine. Not everything has to be the best or worst things ever. I'd also say you're ignoring executive meddling which is very much an issue. Wish in particular just feels like it was made by a committee of executives who wanted to make sure the big 100th anniversary movie was whatever they thought would be most easily marketable when in reality it just made it bland and unappealing to people.
From my understanding, Lucas did a deal where he still got royalties on his OG characters…and that was potentially why they pushed the new Star Wars junk in the parks so hard. Didn’t want to pay the piper.
The problem to me is that I feel like the board is trash but also that Peltz and Rasulo probably also aren't great either. What they REALLY need to do is promote people from inside the company. Back in the day the board and managment was made up of Imagineers who cared about the company who moved up the ladder, but all we have now are busness people brought in from outside the company who just want money for themselves no matter the cost.
You may be right about this but what I find most disturbing is them being so resistant to just having a different opinion at the table. The company isn’t only “media”. There should be diversity of thought on the board, not a rubber stamp for current leadership
Peltz has a proven history of taking underperforming companies that still have value and turning them around - there's a few good documentaries about him floating around here on RU-vid. Without someone like him to force change Disney is toast.
The problem is that the company has been taken over almost top to bottom by activists. The sort of creatives who traditionally mentor the new generation have been either pushed out, or have left of their own accord due to the toxic environment at Disney. At least Peltz- unlike the board- has a financial interest in turning the company around.
Normally I would say yes. But Iger has created a toxic culture and it is hard to know who is actually there because they can create and want to please the customer.
Thats because the current board members are largely woke. You find that woke ideas and agenda are actively ignorant to other points of view. They dont want someone with actual ideas because it will show how utterly useless the rest of the board are @kellyvalence5323
I’m a huge Star Wars fan and loved galaxies edge. For like 2 years and now it’s old. I would take back MGM studios in a heartbeat and wouldn’t miss Toy Story land or galaxies edge much at all. Their older rides and experiences were much more timeless and had that sense of magic. Their new stuff is very much about the thrill and immersion but it wears off and they have to hope their content will keep the hype alive. When you have original IP rides they create fans without the need for content then if you want you can create media based off the rides like pirates did which seemed very successful. The older rides when it was MGM were their own thing separate from media to an extent and maybe not thrilling but I think they had their own intrigue, magic, quirk, and overtime nostalgia. I feel nothing for galaxies edge after a very short time and I grew up on Star Wars
You lack conviction. lol ya I feel ya it’s a nice add on but it should have been that. An add on not replacement. They need to grow and enhance the Parker’s not delete and replace. Unless it’s an abysmal ride
The old MGM also had an educational focus about how movies are made from various aspects, animation, visuals, sound, costumes, staging, effects. Just as Epcot once had an educational focus. Animal Kingdom still does, but it may be slowly eroding.
Point is:- Great Movie Ride…. Not to be missed, every visit be immersed in the ride. “Ride the Movies” 😁😁 Mickey’s Runaway Railroad… Meh there’s a 20 minute queue let’s not bother, we’ve done it😔😔
@@MC-nb6jx I fully agree with you, but you left out the back lot tour, we loved that ride and listen to the history of disney, or what is happening, but then it slowly changed from a cast members talking, joking and giving tibits of information, felt more interactive, to the last time we rode it where it was just a automative voices, then they closed it, 😢
@@zeferage2430 … Air attack in the Pacific with torpedos and folk getting wet, Catastrophe Canyon and folk getting wet.. 😉🤣 They had charm and character.. At least we still have those memories😁😁
When Iger and company complained Peltz doesn't have ideas. I am surprised he didn't say something like, well Disney has this Imagineering department already to create the ideas while the job of the board is to pick executives who pick the best of their ideas then fund and execute them. The board members aren't around to be Imagineers, but to make sure their best ideas are funded and implemented.
I do worry that all these Disney film IP based attractions being proposed for the parks are intended as a way to justify the parks being forced to pay royalties to the film division. Do that enough and suddenly on paper the film studio is the division making all the profits even though it's the parks pulling in the revenue.
I know you get a lot of people complaining about a negative report on Disney. As a former CM I can agree 110% that more capital needs to be used in the parks. Instead of doing regular maint. on buildings, grounds and rides, they wait until a full overhaul is needed. That is NOT how Walt wanted it. He wanted the parks to be fresh everyday at opening and being the best they can be. I remember back at Disneyland when it had the BB gun shooting gallery. It was repainted EVERY NIGHT to keep it fresh for the new guests arriving for a day of fun. The two things I would love to see at Disney... Let the Imagineers dream again. It seems as the older ones retire/get forced out, the new talent coming in are beholden to the bean counters. And yes, more capital expenditures. The need to get away from the "Save a nickel, save a dime, spend a dollar every time" mentality. Great reporting Brayden!
Great video. You stated that you're not fully behind Peltz yet. I am. While I don't have a lot of shares, I will be voting all of them on his side of the proxy. The Bob Iger Company is garbage and somebody needs to push back so it can become The Walt Disney Company again.
I get the impression some of the behavior is childish. Being on the board sounds more like high school. For example, what movie and show business experience does the CEO of GM have? The board is a collection of “Friends of Bob.” Awesome reporting B. Disney employees should own shares of the company, Disney needs to stop nickel and diming guests to infinity. With the all the money the parks make employees should make more money and have better benefits.
The problem with sparks isn’t just the long several years of cutting costs… It’s that stuff ages, and needs replacing/repair. That shareholders keep wanting more. And that most importantly. The parks are at capacity for park goers. Rides as well. The throughput is always fixed. So there is nothing to do but raise prices until people break. Or you build a third US park.
They ARE focusing on the parks. In fact, they’re building an all-new attraction in the Magic Kingdom…you may have heard of it, it’s called TIANA’S ADVENTURE. It’s only the first major attraction to feature a Disney princess of color, in a groundbreaking move that places Disney at the top in terms of diversity and inclusion. Are you deliberately ignoring that or are you just letting your racism show?
@@taffysaur No he’s just concerned that an attraction honoring black voices doesn’t do any justice to black and brown bodies. For too long our black and brown brothers and sisters have been relegated to less than and, yes, even “boring” tropes. Iger simply wants to empower women of color with entertaining and engaging storytelling and groundbreaking special effects. There is nothing wrong with that!!!!
@@stanfordite1 Like I can’t even…the only thing wrong with Iger IS his race. The Disney CEO should be a person of color. It’s about time Disney had a CEO that wasn’t just another old white guy. It’s literally gross how we get just one white guy CEO after another. I think Iger needs to step down to make way for a woman of color!
Thank you Braiden for those Star Wars and GE comments… Disney needs to get their heads out of their stormtrooper helmets… they clearly can’t see much with those on 😂
The studio and media networks are what is struggling right now. It makes sense that Disney would focus on improving results in those businesses at the expense of the parks right now, especially when the interest on corporate debt is incredibly high and park expansions are funded by debt.
Fans have blinders on. While the parks generate consistent income, ALL media producing companies are struggling (including Disney), and all movies this yr had a disappointing box office - except Minions, Barbie & Oppenheimer. Peltz wants dividends... he wants to disrupt the status quo- so to speak. The board is trying to move the company forward while fighting battles on multiple fronts- the last thing they need is a 'board member' that opening promises to bring chaos to the table.
Best description of Galaxy's Edge I heard was, "It's a land of Star Wars where all of your favorite characters are dead." And I'll say this again and again, Bob Iger's greatest accomplishment was buying the rights to other people's accomplishments.
I think Disney will eventually be broken up and sold. I just feel we are in a Titanic Moment and we’re trying to decide between trying to turn the ship or hit it head on? No great options. The company has become a soulless mess.
Disney's biggest financial problem is their large debt incurred for buying Fox Studios as previously discussed by Mickey Views. They are likely going to have to sell a few things to reduce this debt. Iger has talked about selling broadcast networks like ABC.
It doesn’t matter that Peltz wants to increase spending at the parks. Of course all the parks fans rejoice! But the main issue is how poorly the company is being run. I mean the movies are terrible with way too much interference from executives. The only good things coming out are anything that have a strong EP like Rick Riordan. But even then you can tell where Disney butted in on certain decisions but thankfully kept the series very high quality thanks to Riordan. If the creatives had freedom like they did many years ago you would see a boom to every sector of the business. The E-Board is there to make sure that everything is making lots of money and running perfectly, not meddle in every line item of the business.
Disney has so many experiences that longtime fans want to explore and they are not even touching them and it literally blows my mind. Like if Disney just tapped into the beauty that already exists they truly don’t have any real competition.
