The 34 billion dollar company as well as creating over 65,700 jobs in just Southern California is no other than Disney. What makes Disney so popular is that it is for all ages. Disney has many people they can market to. Along with being a dominating tv channel for kids, movies, having its own popular cruise line and theme parks around the world, Disney has and will continue to have a big economic impact on America. Also having two popular theme parks in the US, tourists are attracted from countries all over the world to America. The cities around Disney theme parks and resorts also see a major increase in their economy. Orange County receives about 45 percent of the overall economic benefit with Los Angeles County receiving about 40 percent. With a booming economy, can you imagine how much money Disney can make? I feel like this is a company that will probably not be in any great financial trouble because people all ages and around the world contribute to the Disney’s company wealth.
6 comments:
I disagree with your last sentence. What was the state of Disney’s financials before and after the economic crisis of 2008? In a downturned economy do you think they still brought in as much revenue?
I think Disney has done a great deed by presenting so many job opportunities in such a rough economy ,but if the economy continues to go down a bad path it will affect Disney directly. Disney thrives off of producing products that are not a necessity. With unemployment going up and people becoming more frugal with their travels, the attendance of Disney movies and amusement parks will decrease. With a decrease in revenue,the company will have to in turn take cuts on employment and could possibly turn out like every other struggling business, in massive debt,bankrupt, or out of business.
While Disney may be one of the most successful companies of its kind, it too has taken a beating over the last few years. From 2008 to 2009 the company as a whole lost around 1,773 million dollars. Despite being so popular among todays children and parents, when times get rough the first things that tend to get cut are family vacations. Thus causing the company to lose millions.
Although we are in the midst of an economic downturn, Disney still has such a broad range of markets that it isn't putting all its time and effort into one such as an amusement park. I know people are saying Disney is losing money but in reality, everyone is not financially as well off as they could be. This doesn't mean they won't make it through it though. What allows Disney to be different is that it is more well known and famous for several business ventures as opposed to just one that could fail. I agree with Sarah that I see Disney continuing to be loved and financially supported by many even in these rough times.
I agree with y'all. But with Disney having locations around the world, there is bound to be a booming economy somewhere in the world. I was trying to say what Amber said, about how Disney being so widely spread through ages and around the world, the risk of Disney not being financially stable is probably very low.
I completely agree with your comment above that there is bound to be a booming economy somewhere in the world. The should be, the money has got to be going somewhere. I like the topic of your article because when you go to Disney, you think about all the fun your having, not how much money they are taking out of your pocket. Everyone and their mother contributes to Disney's profits, literally. Grandparents, parents, and children are all part of the population Disney markets too. How could they ber run out of consumers with all the people in the world and all the countries they market to?
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