Disney has billions in cash on hand, and they can probably* write off the theoretical loss in value of their park when stripped of their IP if they were to sell it. The main realized financial losses would come from closing the park before they could build the replacement, or expending the resources on building another park and it not having the same (or probably more) revenue as their existing park, and even then you're not really talking about a 'loss', you're talking about the relative value of a new park versus the existing one. DeSantis made the right move from a ideological, political, financial, and moral standpoint here. Disney may take an insignificant (relative) loss because a handful of people don't like that the state of Florida made it more illegal to groom children, but it's way less than what they'd take by closing/ moving the park, and DeSantis knows it.
*(I'm not a tax accountant, so I could be very wrong here)
No. Disney is flailing. Their parks were the only thing keeping them afloat for a while but even that is down. Disney raised their prices in almost by a hundred dollars in the last 2 years just to get in. All big deals are paid in stock. Their dash to grab big franchises is not paying off as they have run their courses.
Disney is moving most of their secondary production, computer, and set work for their film, television, and streaming divisions to Orlando and the surrounding areas to save money and reconsolidate. Disney is on borrowed time and hemorrhaging money through bad investments, failing assets, and dividends. The world is changing and they are so big, it is impossible for them to adapt to keep up fast enough. What they need to do is separate their divisions further and become innovative with their entertainment since they refuse to focus on good plots and story.
Their dash to grab big franchises is not paying off as they have run their courses.
It certainly doesn't help them when they go on to effectively ruin those franchises too. Star Wars practically printed money before Disney's entries turned the brand to shit.
Star Wars was waiting a successful film/movie continuation. George had done all he could and was not in a position to do anymore. His failure with the prequels and moderate success with video games was evidence of that. Keeping that cunt Kennedy on only showed how inept he was to continue something so big and beloved. Disney made it so much worse.
With a stroke of a pen, Disney's near-governmental authority over the Reedy Creek area (which includes the Florida parks) disappears. Why should a corporation have powers beyond any other property owner? They only have it because of massive bribes during the 60s.
Also, they lied during their petition because EPCOT as it was originally pitched was never built, and instead a bunch of theme parks (including a counterfeit substitute EPCOT was built that was just another theme park). That alone should have revoked their charter.
If Disney picks a fight, I hope DeSantis puts them down.
Disney has billions in cash on hand, and they can probably* write off the theoretical loss in value of their park when stripped of their IP if they were to sell it. The main realized financial losses would come from closing the park before they could build the replacement, or expending the resources on building another park and it not having the same (or probably more) revenue as their existing park, and even then you're not really talking about a 'loss', you're talking about the relative value of a new park versus the existing one. DeSantis made the right move from a ideological, political, financial, and moral standpoint here. Disney may take an insignificant (relative) loss because a handful of people don't like that the state of Florida made it more illegal to groom children, but it's way less than what they'd take by closing/ moving the park, and DeSantis knows it.
*(I'm not a tax accountant, so I could be very wrong here)
No. Disney is flailing. Their parks were the only thing keeping them afloat for a while but even that is down. Disney raised their prices in almost by a hundred dollars in the last 2 years just to get in. All big deals are paid in stock. Their dash to grab big franchises is not paying off as they have run their courses.
Disney is moving most of their secondary production, computer, and set work for their film, television, and streaming divisions to Orlando and the surrounding areas to save money and reconsolidate. Disney is on borrowed time and hemorrhaging money through bad investments, failing assets, and dividends. The world is changing and they are so big, it is impossible for them to adapt to keep up fast enough. What they need to do is separate their divisions further and become innovative with their entertainment since they refuse to focus on good plots and story.
It certainly doesn't help them when they go on to effectively ruin those franchises too. Star Wars practically printed money before Disney's entries turned the brand to shit.
Star Wars was waiting a successful film/movie continuation. George had done all he could and was not in a position to do anymore. His failure with the prequels and moderate success with video games was evidence of that. Keeping that cunt Kennedy on only showed how inept he was to continue something so big and beloved. Disney made it so much worse.
With a stroke of a pen, Disney's near-governmental authority over the Reedy Creek area (which includes the Florida parks) disappears. Why should a corporation have powers beyond any other property owner? They only have it because of massive bribes during the 60s.
Also, they lied during their petition because EPCOT as it was originally pitched was never built, and instead a bunch of theme parks (including a counterfeit substitute EPCOT was built that was just another theme park). That alone should have revoked their charter.
If Disney picks a fight, I hope DeSantis puts them down.