Because they really can't be making all that much money off this compared to EMH.
Here's what I wrote in another thread:
Not at all. If for no other reason, there is a fixed amount of money they can make off this. No stores and other restaurants are open, so the only $ Disney can make off this is the $69 or whatever they charge for the event. That's $69 per guest income. Consider a guest arriving for EMH. They walk down main street and get pulled in for a Starbucks coffee and a croissant ($11). Its their first day in the parks...time to buy those Mickey Ears ($15). Son sees a new pin he's gotta have ($11.95). A Photopass Photog takes a great family photo in front of the castle in the early morning light ($15). Time to ride Splash Mountain before the lines. Look at that on-ride photo! So adorable. Gotta pick that one up! ($15). See what I mean? In 30 minutes of EMH, Disney has already made almost as much income off a person ($67.95) as they will in a whole two-hour time frame, with the potential for more. Any way you crunch it, EMH means more money for Disney than this event so EMH aren't going anywhere
For starters, the 'Evening Event' is $149 PER PERSON, not a flat $69 charge. For my family of 4, that would be $600. And, all of the other things you listed are costs the guest will likely incur whether it's extra magic hour, or standard hours. I've never heard of someone that will buy Mouse Ears at 8:59 a.m. that won't buy them at 9:01 a.m. Plus, they are SINGULAR costs, not the multiple of 4 cost for the family.
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