So Q4 2019, just before Covid, Disney's theme park division's revenue was a record $6.65 billion. In Q1 2022, with the lower staffing and restrictions and everything, it brought in $7.2 billion. So as much as we'd like to paint them as being in a spiral of failure, they're making record revenue there.
Back in summer of 2019, Disney was under an SEC investigation after a whistelblower from the parks reported them for cooking the books. It was covered by Clownfish TV, a YouTube channel run by a couple that likes Disney but reports them fairly.
I said that to say this - is there a chance that they're still giving the finger to the SEC and fudging their numbers? Apparently, they've been vague on the Disney+ numbers and there's a chance that Bob Cheapek is counting how much money he saved by firing everyone at the parks as part of the profit.
So Q4 2019, just before Covid, Disney's theme park division's revenue was a record $6.65 billion. In Q1 2022, with the lower staffing and restrictions and everything, it brought in $7.2 billion. So as much as we'd like to paint them as being in a spiral of failure, they're making record revenue there.
We will see how this works out long term. I am thinking it wont be good for Disney this time next year.
Back in summer of 2019, Disney was under an SEC investigation after a whistelblower from the parks reported them for cooking the books. It was covered by Clownfish TV, a YouTube channel run by a couple that likes Disney but reports them fairly.
I said that to say this - is there a chance that they're still giving the finger to the SEC and fudging their numbers? Apparently, they've been vague on the Disney+ numbers and there's a chance that Bob Cheapek is counting how much money he saved by firing everyone at the parks as part of the profit.