There is also something to be said that Disney and many companies like it are making a bunch of stupid choices off of the idea that they will never fail.
There was a business podcast I was listening to where they were talking about how Florida is planning on building a high-speed rail network to all of its major cities. At Orlando, the rail company decided to look into building stations at some of the major amusement parks. The railroad went to Disney and asked them for a bid. Disney scoffed and said that if anything, the railroad should be paying them for driving traffic. Negotiations stalled, right up until Universal Orlando walked in and said they would be willing to pay for that station, and the railroad agreed.
That is something that won’t be noticed immediately, but in a few years when Disney is losing business because people go to the easier to access Universal, they will scratch their heads and say “what happened?” All because they thought they were hot shit that would never lose.
They thought because of their legacy (all thanks to Walt that they currently trying to distance themselves from) that they don't need to negotiate, they print money, all their products are gold so people should be thankful they are even involved and should pay them for the privilege.
There is also something to be said that Disney and many companies like it are making a bunch of stupid choices off of the idea that they will never fail.
There was a business podcast I was listening to where they were talking about how Florida is planning on building a high-speed rail network to all of its major cities. At Orlando, the rail company decided to look into building stations at some of the major amusement parks. The railroad went to Disney and asked them for a bid. Disney scoffed and said that if anything, the railroad should be paying them for driving traffic. Negotiations stalled, right up until Universal Orlando walked in and said they would be willing to pay for that station, and the railroad agreed.
That is something that won’t be noticed immediately, but in a few years when Disney is losing business because people go to the easier to access Universal, they will scratch their heads and say “what happened?” All because they thought they were hot shit that would never lose.
Universal has a habit of swooping in and making deals.
They thought because of their legacy (all thanks to Walt that they currently trying to distance themselves from) that they don't need to negotiate, they print money, all their products are gold so people should be thankful they are even involved and should pay them for the privilege.
And look where that's currently got them..