Oh come on! From the day Disney first opened its gates, the parks have been expensive! Sure you could get in the park for a nominal fee, but rides required tickets and the good rides required E tickets which sold at a premium. I went for the first time 6 months after it opened and it was expensive for my own parents way back when.
Who said it wasnt expensive? I didn't.
You're missing the point of what I've been saying. My point is they are making it more expensive while taking more and more things away. Luckily it sounds like the removal of magic hours isn't happening.
Overall, there have been cut backs in some areas, yet overall investment is up. Magic Bands, Avitar Land, Fantasy Land, improvements coming to Studio's. Never once have I read any official statement from Disney stating ticket prices go up for the sole purpose of covering expenses. Maybe you do need a refresher on profits and how they work. It is simple economics. Prices will rise until attendance levels out
Overall investment is up? Yeah, I think we're finally starting to see some of that. But a couple of quick notes on my opinions of some of the investments.
Magic Bands, the budget was around a billion for that, I've heard rumors that it ended up being much much higher than that. I think its a pretty neat concept, but how many on here would rather have had that billion plus invested in the parks with new attractions and rides? The whole magic bands thing was done in order to streamline business, nothing wrong with that, but me personally, that money could have been put to a lot better use.
Avatar Land, announced in 2011, expecting opening of 2017. 6 years of talk of "look, we're investing in our parks". Its going to be neat, but good lord. I'm one of the few that actually likes this, apparently a lot of people do not like this expansion and is banking on Avatar being as big of a franchises as Star Wars one day. Is it fair to say now that after the first movie has been out of the theaters for 6 years that it's not going to be?
Fantasy Land, what a waste of money. This is where Iger and company just flat out missed the boat, between magic bands and NFL, imagine what could have been done throughout the property if that money had been spent on the other parks. Don't get me wrong, MK is my favorite park without a question, but it needs the least amount of work done to it. All 3 of the other parks need help, if you look at the attendance numbers, MK grew by the largest amount while the other 3 grew a little bit, but not nearly as much. Maybe if they had spent that money on the other parks, the attendance could be spread out throughout all 4 parks and it wouldnt be so crowded at MK.
Something is going to happen at the studios, i agree with you on that. But what? We don't know, from my understanding numerous projects have been started and stopped (some of them because of the over budgeted magic bands) and I've read rumors that budgets have already been cut. Hopefully they bring out the old school disney like they did with DCA and wow us. But dont hold your breath.
I also don't think I said that I've read Disney release official statements that said they are covering expenses with the increase in prices, but I have heard on many message boards that people always use the excuse of "expenses are going up" and that's why ticket prices are going up.
You're comments to me regarding "lessons in profit" are out of line, there is zero reason to be condescending. We have a difference of opinion on the way WDW business is ran, and there is nothing wrong with that. I understand profits and profit margins as I deal with them on a daily basis, my opinion on this topic and WDW is how much of a profit margin is good for long term business and short term business. Expanding your profit margins are almost always good for a short term outlook, but on the flip side of that, its usually bad for the long term.
Right now Iger is pushing it to see how far the public will stand increasing profit margins, at some point his customer base will push back and say "enough is enough". Where is that point? I have no idea.