Disney's Parks Make Tons of Money — But Are They in Trouble?
WSJ's Robbie Whelan on drama within Disney's most profitable sector.
This week I talked to Robbie Whelan of the Wall Street Journal about the not-so-secret cash cow of the Walt Disney empire: the parks. For years now, the joke about Disney has been that it’s a parks and TV company with a movie studio attached to it; as the theatrical business continues to struggle, cord-cutting continues apace, and the streaming side of the business racks up huge losses, the parks are more important than ever.
But as Robbie reported, cracks are beginning to show in that fiscal bulwark, and unhappiness over the state of the parks—from investors and, more interestingly, super-fans—is one of several reasons that CEO Bob Chapek was forced out.
Are you one of the super-fans upset about the Chapek regime’s nickel-and-diming of regulars? Sound off in the comments.