One of the most extraordinary features of the culture wars—or culture canceling, as those who have been on the receiving end of wake-up trials call it—is that organizations that are late to “wake up” will invariably court the favor of ‘those. who are not their natural audience at the expense of those who are.
So we see a company as beloved as Disney now abandoning its core family audience and instead catering to every whim the woke mob demands, a move that is both ineffective and, as we’re seeing, unprofitable. We can see this lack of profitability in recently collected data points, as seen in the charts below (more info here).
Disney customers experiencing unplanned stoppages at attractions have increased by 59% between 2018 and 2022 at Disneyland in California and by 42% at Walt Disney World in Orlando. See the trip stop trend over the years in the chart below.
Disney has said that over the past ten years, it has invested $31 billion in its parks. At Disney parks, average wait times typically increase from 39 minutes to 49 minutes by 2022. See ride wait times over the years in the chart below.
Regardless of Disney’s wake problems, they have significantly raised their prices after giving poor service. The new ticket prices mean a family of four would spend more than $750 on tickets, up from $665, not including meals, hotels, travel or souvenirs. See the general price increases in the chart below.
But one assumes Disney isn’t the only one raising prices. The chart below shows a select group of theme park cost comparisons.
It’s quite interesting to see in the chart below that the historical trend in Disney theme park prices far exceeds the rate of inflation, although you could perhaps argue that the theme park experience has improved in value over the years.
Disney stock has recently suffered a 50% drop in its overall share price, as shown in the chart below. One could blame part of this decline on Covid, but that excuse is no longer valid. Bad management and woke principles should be taken seriously at Disney.
They say, “He woke up, he broke.” Is this what’s wrong with Disney? The numbers seem to indicate that this is true. Also, see what Disney employees have to say in a recent video report below. Let us know what you think about Disney and whether you’ll be heading to a Disney park anytime soon.
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Syndication source for the original RWR article.