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Brought to fans, investors, entrepreneurs, executives, teachers, professors, and students by columnist, economist, novelist, reviewer, podcaster, business reporter and speaker Ray Keating

Thursday, December 7, 2023

“eet by Maneet Chauhan” Is Now Open At Disney Springs

 by Beth Keating

Review

DisneyBizJournal.com

December 7, 2023

 

For those of you who are a little more adventurous than the typical diner, Disney has added a new venture to its restaurant line-up.  “eet by Maneet Chauhan” is the newest fast-casual locale to open at Disney World.  We were there on Day #2 this week to try it out.

 


The spot is a bit hard to find, tucked away in the Marketplace section of Disney Springs, next to the Days of Christmas shop, and just past the carousel. You have to be looking for eet in order to find it – you won’t just stumble across the dining location. Even the very friendly staff noted that guests were surprised to find them back in the farthest corner of the Springs, with passersby perhaps a bit disappointed that they hadn’t known about the eatery before having enjoyed an earlier meal elsewhere in the complex. 

 

The food at eet was good, though, so it won’t be long before word spreads and the restaurant becomes a hidden gem, especially for those looking for something a little different for their meal.

  
The restaurant is the project of celebrity chef Maneet Chauhan and her husband, Vivek Deora, an award-winning hospitality duo. You may know Maneet from Food Network’s Chopped and Iron Chef.  She has also had restaurants in Chicago, Nashville and New York.  The couple is bringing this Indian-inspired restaurant to Disney Springs to show off “their family’s culture and traditions to one of their favorite vacation spots.”


The menu has a variety of dishes for guests.  While some of the offerings had a mighty strong kick (especially by Disney standards), most were very approachable, and could even be a good introduction to international cuisine for newer diners.  The portion size was fairly large and immanently shareable, so it would be worth ordering several dishes to sample amongst your table to get a full range of options.



Our prediction is that the “eet Bread Service with Pimento Whipped Paneer” is going to be one of their best sellers.  That’s one of the options we tried, and we’ll definitely go back for it again.  The service was prepared with two different naan breads and five sauces, as well as a large scoop of pimento whipped paneer and a few crisp veggies for $18.00.





The naan bread came in two versions: buttered naan and garlic naan.  The flatbread was as big as the plate, more than enough for your dipping adventure, but should you need more, there are extra orders of the naan available for $5.00 for the garlic naan, and $4.00 for the butter naan. There’s a spicy green chili naan ($6.00) as well.

 


The five dips that came with the naan ranged from sweet to “Wow, that’s spicy!”  Coriander honey was our favorite, with a thick, sweet profile that coated the naan perfectly.  The mint was a bit of a surprise, and ranked as our second favorite.  We almost wouldn’t have called it a “mint” dip if our server hadn’t told us so.  It was bright and herby, more of a pesto in appearance and texture, with only a hint of mint in the undertones.  It would also be great as a topping on grilled meats!  


After a quick bite, we set aside the red Tamarind Coriander chutney – waaay too spicy for our more heat-reluctant palates. We put the lid back on that one and moved on to the garlic pickle chutney. It was thinner than a typical chutney, and had a smoky underpinning that was sweet with just a bit of lingering heat.  The last dip, lime pickle, was more of a chutney-style thickness, and similar to a tart jam.  It was good, but not as much of a favorite as the first two options.

  
In the middle of our plate was the real prize, the pimento whipped paneer, a light version of a cheese spread that took us off-guard by how fluffy and creamy it was. We were expecting a firmer pimento cheese, but this was delightfully airy. Spread on the buttery naan, we could have eaten this all afternoon. There were also a few masala vegetable sticks (carrots, celery and radishes) to break up the spices between sampling.

 


The second dish we tried on our visit was the Chicken Tikka Naan Pizza ($14.00), one of two naan bread pizzas on the menu. (The other is a saag paneer with spinach sauce).  This is a good introduction to Indian food for the newbies in your group.  The pizza is served on naan bread, crispy in spots, with a lightly charred bottom.  Two kinds of cheese (mozzarella and a more powdery parmesan) provide a nice texture contrast with each other, and the tomato butter sauce was lightly sweet with just a touch of heat, but pleasantly so.  There were a significant number of chunks of high quality white meat chicken incorporated into the sauce, and everything tasted very fresh.  This pizza was a winner, and worth getting again, though it might not be the most “authentic” Indian food on the menu.

 

You can also build your own bowl ($18.00) with a myriad of different combinations.  First, you choose your base from cumin basmati rice, turmeric riced cauliflower, or salad greens.  Then, pick your kabab, from tandoori chicken, paneer tikka, basil cilantro shrimp, or masala roasted cauliflower. Last, you’ll choose the sauce, from tikka (tomato), saag (spinach), moilee (coconut curry), or korma (cashew saffron).  

 

For a little more fun (and also a little more heat), you can opt for the Walking Taco ($12.00), a split bag filled with crunchy Indian puff snacks topped by spicy pork chili, Indian pico de gallo, and tamarind chutney and cotija cheese.  A Tandoori Chicken Poutine ($14.00) puts an interesting twist on the usual dish of gravy-topped fries by piling chaat masala fries with tandoori chicken, white cheddar curds, and a tikka tomato butter sauce. This one is sure to be popular with diners.


For a more traditional option, there are samosas ($9.00), a two-piece potato and pea pastry served with two different chutneys, and for a little lighter touch, there are two salads available, a “street style puffed rice salad” ($12.00) with lots of unique flavors like mango, strawberry, mint and tamarind; or the samosa chopped salad ($15.00), with chopped greens and a chaat vinaigrette.  


A kid’s menu is also provided, with smaller choices of the pizza ($9.00), a dish of two Hawaiian roll beef sliders ($9.00), or a more familiar chicken fingers dish ($9.00). They come with fruit or fries, and apple juice.


There are two dessert choices available at eet, a rather messy Chocolate and Strawberry Naan ($8.00), a large naan flatbread topped with sauces and diced strawberries; or the Gulab Jamun Cheesecake ($9.00), a New York-style cheesecake with saffron, cardamom, strawberries and gulab jamun.

 

eet has a pretty extensive drink list for a fast-casual place, but a few of the unique drinks include the eet Citra Pale Ale ($8.00), made just for the restaurant, and a selection of Lassi, including our favorite, a Mango Yogurt Lassi ($5.00).   

 


To dine at eet, you’ll order at a counter, where they will give you an electronic tracker to place on your table (which you’ll choose yourself), and a cast member will bring your food to your table when it’s ready – which on our visit, was really quick!  The food arrived at our table nearly before we did.  We stopped briefly at a service counter to pick up our napkins, drinks, and utensils, then went into the dining room. Like magic, our food was there even as we were getting settled.

  
In addition to the bright red, vibrant main dining room, there is a patio you can dine in.  Pop music plays over the sound system, giving the restaurant a lot of energy, and the open kitchen gives it a lively feel as well.

 

While there are spicy options on the menu, many of the dishes are more “Americanized” versions for a wider range of visitors to Florida, as well as offering fun takes on foods, such as the tandoori chicken poutine. (Maneet’s style has been called “global fusion with roots in Indian cuisine.”) There are so many choices to explore at this eatery that we’re sure we’ll be back to visit again.  

 

Our advice?  Go soon, before the crowds figure out that this little nook is hiding in the back of Disney Springs!  Just follow the wonderful scent of spices wafting out the front doors, and you’ll know you are in the right place.

__________

 

Beth Keating is a theme parks, restaurant and entertainment reporter for DisneyBizJournal.

 

Support the Daily Dose of Disney with Ray Keating podcast at https://www.buzzsprout.com/1724143. Subscribe at the $8 or $10 level, and get The Disney Planner: The TO DO List Solution by Ray Keating. Remain a supporter and you'll get a FREE BOOK by Ray Keating every six months going forward. Thanks!

Tuesday, December 5, 2023

Birthday Quotes from Walt Disney, the Great Entrepreneur

 by Ray Keating

Commentary

DisneyBizJournal.com

December 5, 2023

 

Walt Disney was born on this day – December 5 – in the year of 1901. Seemingly countless reasons exist to appreciate Walt even 122 years after his birth, as well as nearly 57 years after his death.



Among the many reasons that I admire Walt Disney is the fact that he was one of the great entrepreneurs of the 20th century. Just consider what he accomplished as a leader and innovator in areas like animation, storytelling, motion pictures, television, theme parks, building a business, managing creative individuals, and family entertainment in general.

 

So, in honor of Walt’s birthday, here are ten of my favorite quotes from Walt Disney that relate to entrepreneurship, innovation, career, and managing yourself and others.

 

1. “I always like to look on the optimistic side of life, but I am realistic enough to know that life is a complex matter.” - Walt Disney

 

2. “Besides, you don’t work for a dollar - you work to create and have fun.” – Walt Disney

 

3. “Everyone needs deadlines. If we didn’t have deadlines, we’d stagnate.” – Walt Disney

 

4. “My business has been a thrilling adventure, an unending voyage of discovery and exploration in the realms of color, sound, and motion.” – Walt Disney

 

5. “You can dream, create, design, and build the most wonderful place in the world. But it requires people to make the dream a reality.” – Walt Disney

 

6. “I think if there’s any part I’ve played, the vital part is coordinating these talents, and encouraging these talents, and carrying them down a certain line. It’s like pulling together a big orchestra. They’re all individually very talented. But they all need to be pulled together, and that’s my job.” – Walt Disney

 

7. “When they come here, they’re coming because of an integrity that we’ve established over the years. And they drive hundreds of miles. I feel a responsibility to the public.” – Walt Disney

 

8. “When you can’t get a job, you start your own business.” – Walt Disney

 

9. “A man should never neglect his family for business.” – Walt Disney

 

10. “The inclination in my life – the motto you might call it – has been to do things and make things which will give pleasure to people in new and amusing ways. By doing that I please and satisfy myself.” – Walt Disney 

 

Indeed, there are so many bits of wisdom that Walt Disney passed on for others to learn from and be inspired by, but these rank among my favorites.

 

Happy Birthday, Walt, and thanks!

 

__________

 

Ray Keating is the editor, publisher and economist for DisneyBizJournal.com; and author of the Pastor Stephen Grant thrillers and mysteries, the Alliance of Saint Michael novels, and assorted nonfiction books. Have Ray Keating speak your group, business, school, church, or organization. Email him at raykeating@keatingreports.com.

 

The views expressed here are his own – after all, no one else should be held responsible for this stuff, right?

 

Support the Daily Dose of Disney with Ray Keating Podcast at https://www.buzzsprout.com/1724143. Subscribe at the $8 or $10 level, and get The Disney Planner: The TO DO List Solution by Ray Keating. Remain a supporter and you'll get a FREE BOOK by Ray Keating every six months going forward. Thanks!

 

The Disney Planner: The TO DO List Solution combines a simple, powerful system for getting things done with encouragement and fun for Disney fans, including those who love Mickey, Marvel, Star Wars, Indiana Jones, Pixar, princesses and more.

 

Consider other books by Ray Keating, including…

 

• The Pastor Stephen Grant thrillers and mysteries. There are 18 books in the series now.

 

• Order The Weekly Economist II: 52 More Quick Reads to Help You Think Like an Economist. Kindle editions and paperbacks via Amazon here and signed books here. And don’t forget the first book in this growing series, i.e., The Weekly Economist: 52 Quick Reads to Help You Think Like an Economist at Amazon.com.

 

• Cathedral: An Alliance of Saint Michael Novel is at Amazon

 

• The Lutheran Planner: The TO DO List Solution combines a simple, powerful system for getting things done with encouragement, inspiration and consolation from the Christian faith.

 

• Signed editions of Ray’s books are at www.RayKeatingOnline.com

 

Also, check out Ray’s podcasts – the Daily Dose of DisneyFree Enterprise in Three Minutes, and the PRESS CLUB C Podcast.

Monday, December 4, 2023

“The Marvels” Ranks as Worst MCU Movie Box Office

 by Ray Keating

Analysis/Commentary

DisneyBizJournal.com

December 4, 2023

 

The Marvels, which opened domestically on November 10, went from the worst opening for a Marvel Cinematic Universe movie to the worst box office overall among these films. Given the company’s poor box office performance of late, is Disney going to get serious about getting its movies back on track from both quality and costs perspectives?



DisneyBizJournal noted, “The Marvels had the worst opening weekend of any MCU movie. According to BoxOfficeMojo.com, the domestic take was $47 million and the international box office was $41.5 million.” It also was pointed out that the film had a production budget estimated at $274 million, with marketing/post-production costs usually running anywhere from 50 percent to 100 percent of the production costs.

 

Variety reported, “After four weeks on the big screen, the comic book tentpole is running out of steam with $80 million in North America and $197 million globally. There would typically be optimism that attendance could rebound over the busy holiday season, but Disney apparently doesn’t expect that to be the case. The studio wrote on Sunday in a note to press, ‘With “The Marvels” box office now winding down, we will stop weekend reporting of international/global grosses on this title.’”

 

Yikes. That’s astounding – especially failing to reach $100 million domestically.

 

Variety also reported, “Now, as the film nears the end of its theatrical run, box office revenues won’t top 2008’s ‘The Incredible Hulk’ ($264 million, not adjusted for inflation), which previously stood as the lowest-grossing entry.”

 

As DisneyBizJournal has noted previously, assorted industry reports indicate that studio take is about 55 percent of the domestic box office (a bit higher with the earliest box office take), and anywhere from 20 percent to 40 percent of foreign ticket sales. Our very generous assessment for Disney, therefore, pointed to The Marvels needing to earn more than $950 million to start making a box-office profit.

 

The Marvels estimated $197 million worldwide box office amounts to a breathtaking theatrical release loss for Disney.

 

Disney CEO Bob Iger has done a dance recently trying to explain the poor performance of this film, as well as others. For example, Variety quoted Iger declaring, “We got to the point where if a film didn’t do a billion dollars in global box office, we were disappointed. That’s an unbelievably high standard, and I think we have to get more realistic.”

 

Indeed, but there are two key problems in this equation that Disney seriously needs to address. The first is simply quality storytelling. It all has to improve, from story to characters to special effects. The second is the astronomical costs of Disney filmmaking, including MCU films. The idea that the breakeven point for a movie like The Marvels was beyond $900 million in box office revenues is outrageous. 

 

Just because you expect a movie to top $1 billion at the box office doesn’t mean that you should budget matters so that you only start making money on or around that revenue point. Hollywood long has had trouble keeping costs under control, but the problem seems to have gotten far worse recently, which is strange given the enormous advancements on the tech front that should bring costs down, as is the case in almost all other industries.

 

There certainly has been a lot talk about “fixing” things at Disney, but it remains hard to detect much of substance happening regarding movies in terms of quality (perhaps other than the promotion for Dave Filoni on the Star Wars front) or costs. Disney has its work cut out for it. And yes, it requires fresh thinking and new blood. After all, just because the company has recovered from periodic movie lulls in the past is no guarantee that this will just automatically happen once again. Iger talked a great deal about innovation being an ongoing process in his book The Ride of a Lifetime. He’s right, and Disney needs innovation to be reinvigorated on the movie front right now.

 

__________

 

Ray Keating is the editor, publisher and economist for DisneyBizJournal.com; and author of the Pastor Stephen Grant thrillers and mysteries, the Alliance of Saint Michael novels, and assorted nonfiction books. Have Ray Keating speak your group, business, school, church, or organization. Email him at raykeating@keatingreports.com.

 

The views expressed here are his own – after all, no one else should be held responsible for this stuff, right?

 

Support the Daily Dose of Disney with Ray Keating Podcast at https://www.buzzsprout.com/1724143. Subscribe at the $8 or $10 level, and get The Disney Planner: The TO DO List Solution by Ray Keating. Remain a supporter and you'll get a FREE BOOK by Ray Keating every six months going forward. Thanks!

 

The Disney Planner: The TO DO List Solution combines a simple, powerful system for getting things done with encouragement and fun for Disney fans, including those who love Mickey, Marvel, Star Wars, Indiana Jones, Pixar, princesses and more.

 

Consider other books by Ray Keating, including…

 

• The Pastor Stephen Grant thrillers and mysteries. There are 18 books in the series now.

 

• Order The Weekly Economist II: 52 More Quick Reads to Help You Think Like an Economist. Kindle editions and paperbacks via Amazon here and signed books here. And don’t forget the first book in this growing series, i.e., The Weekly Economist: 52 Quick Reads to Help You Think Like an Economist at Amazon.com.

 

• Cathedral: An Alliance of Saint Michael Novel is at Amazon

 

• The Lutheran Planner: The TO DO List Solution combines a simple, powerful system for getting things done with encouragement, inspiration and consolation from the Christian faith.

 

• Signed editions of Ray’s books are at www.RayKeatingOnline.com

 

Also, check out Ray’s podcasts – the Daily Dose of DisneyFree Enterprise in Three Minutes, and the PRESS CLUB C Podcast.

Friday, December 1, 2023

Gingerbread Display at Disney’s Beach Club

 by Beth Keating

Lifestyle

DisneyBizJournal.com

December 1, 2023

 

If you are awed by the creativity and absolute skill that it takes to create the gingerbread masterpieces at Disney World’s Resorts each year, you might want to keep your eyes peeled for a few special events coming up – Disney is offering pin signing opportunities with some of their pastry chefs. 



The first one was December 1, 2023, at the Beach Club, where the whimsical gingerbread carousel lives, and we discovered it quite by accident when we were gingerbread display hopping. Later in the month, the Contemporary will also be hosting a Pin Signing, but the date hadn’t been posted yet.  If you aren’t familiar with these pins, Disney releases a series of Resort specific pins each year, tied to the Resorts that are hosting gingerbread displays.  


For more than 20 years, Disney has been sharing amazing gingerbread displays, from the life-sized house used as a walk-up merchandise kiosk at the Grand Floridian Resort & Spa, to the new gingerbread lighthouse at the Yacht Club Resort.



At Disney’s Beach Club Resort, the display is a working holiday Carousel. The carousel changes themes each year, but it has been there for 22 years.  While it isn’t large enough for people to ride on, it does sport four carousel horses being ridden by some of your favorite characters.



This year’s theme is “DuckTales,” and the four horses are decorated with Donald Duck and his nephews, Huey, Duey, and Louie. You’ll need to find 22 hidden Mickeys throughout the spinning display, honoring the 22 years of the gingerbread carousel. This centerpiece of the Beach Club’s lobby took 432 pounds of honey, 1200 pounds of rye flour, 100 pounds of eggs, 25 pounds of spices, 10 pounds of simple syrup, 200 pounds of icing, 10 quarts of egg whites, 100 pounds of confectionary sugar, 50 pounds of dark chocolate, and 20 pounds of Grand Marnier to bake!



The carousel theme ties in to the “DuckTales World Showcase Adventure” game that you can entertain your family with at EPCOT. (It’s a scavenger hunt of sorts, where you follow clues to make things happen in the various pavilions, and solve mysteries… a fun diversion!)



The merry-go-round not only features the cute ducks, but a variety of Easter eggs to tie each galloping horse to one of EPCOT’s pavilions.  Look closely, and you’ll find a golf placard for the UK pavilion, butterflies decorated in the flags of the countries, and a guitar and a tiny piƱata for the Mexico pavilion, among many others.

 

The Yacht and Beach Club Resorts do offer gingerbread goodies if you want to sample some holiday treats, but the holiday shop is located at the Beach Club side of the Resort, so you’ll have to head over there to indulge.  (You were going there to see the carousel anyway, so no problem, right?) The goodies are available from 11:00 a.m. – 9:00 p.m.

 

Some of the holiday treats available at this location include Signature Stollen Bread ($12.99); Lighthouse Fudge ($8.49); a Mickey Snowman Pop ($5.99); Crisped Rice Treats ($4.99); Peppermint Bark ($7.99); Gingerbread Shingles just like the ones on the creations! ($5.79); and Gluten-free Gingerbread Cookies ($5.79). Hot Chocolate Flights are also available.




At the Beach Club’s attached sister Resort, the Yacht Club, a quick stroll down the sidewalk will wow you with a brand new working gingerbread lighthouse, surrounded by a tiny snow village with a train chugging along.



Chef Michael and his team built the gingerbread lighthouse to ¼ scale of the Yacht Club’s lighthouse on Crescent Lake, and the light on top flashes, too!  The surrounding train town is filled with hidden Mickeys, and lots of moving parts.



While the Yacht Club has played host to the train village before, this is the first year to see the floor to ceiling sized lighthouse.

 

__________

 

Beth Keating is a theme parks, restaurant and entertainment reporter for DisneyBizJournal.

 

Support the Daily Dose of Disney with Ray Keating podcast at https://www.buzzsprout.com/1724143. Subscribe at the $8 or $10 level, and get The Disney Planner: The TO DO List Solution by Ray Keating. Remain a supporter and you'll get a FREE BOOK by Ray Keating every six months going forward. Thanks!

Thursday, November 30, 2023

Iger Tries to Avoid Responsibility for Messages Over Story in Recent Disney Movies

 by Ray Keating

Analysis/Commentary

DisneyBizJournal.com

November 30, 2023

 

Between board news and Bob Iger interviews, there’s a good deal of Disney news to sort through over the past couple of days. So, what are some key takeaways? Well, one is that Bob Iger is trying to avoid taking responsibility for many of his own decisions.



Before we get to that, however, let’s look at Disney board matters. In a November 30 statement, the company reiterated CEO Bob Iger’s point that Disney “is moving from a period of fixing to a new era of building, as the entire media sector navigates the crosscurrents of the competitive landscape for streaming.” And it continued: “We are executing on four key building opportunities that will be central to our success: achieving significant and sustained profitability in our streaming business; building ESPN into the preeminent digital sports platform; improving the output and economics of our film studios; and turbocharging growth in our Experiences business.”

 

The statement was issued in response to Nelson Peltz’s Trian Fund Management announcing that it would seek to place new members on the Disney board. The Trian challenge was announced after Disney chose former Morgan Stanley CEO James Gorman and former Sky CEO Jeremy Darroch as new board members.

 

Regarding Trian and Peltz, the company stated: 

 

“Mr. Peltz, in partnership with Isaac Perlmutter, a former Disney executive, intends to take its case to shareholders. Mr. Perlmutter owns 78% of the shares that Mr. Peltz claims beneficial ownership of, or more than 25 million of the 33 million shares. This dynamic is relevant to assessing Mr. Peltz and any other nominees he may put forth as directors, as Mr. Perlmutter was terminated from his employment by Disney earlier this year and has voiced his longstanding personal agenda against Disney’s CEO, Robert A. Iger, which may be different than that of all other shareholders.”

 

When including former Marvel Entertainment Chairman Isaac “Ike” Perlmutter’s shares, Trian controls roughly 1.8 percent of Disney’s shares, according to The Wall Street Journal. So, Disney seems headed for a proxy fight.

 

Meanwhile, as CNBC reported, Iger had some interesting things to say on Wednesday at the DealBook Summit in New York. For example, he declared, “Creators lost sight of what their No. 1 objective needed to be. We have to entertain first. It’s not about messages.” He also was quoted: “We have entertained with values and with having a positive impact on the world in many different ways. ‘Black Panther’ is a great example of that. I like being able to entertain if you can infuse it with positive messages and have a good impact on the world. Fantastic. But that should not be the objective. When I came back, what I have really tried to do is to return to our roots.”

 

Iger’s assessment is on target, but note that last sentence about the company getting back to its roots now that he’s back. You might get the impression that the guy was gone for 11 years rather than 11 months. 

 

Consider the following from the story: “Iger said Disney’s prioritization of messaging over storytelling peaked ‘while [he] was gone’ in 2022, alluding to the 11 months he left his job as Disney’s executive chairman. Iger had been in charge of ‘creative endeavors’ in 2020 and 2021, even while Bob Chapek ran the company as CEO.”

 

“Peaked”? Okay, maybe. But who was long at the helm as the company climbed the messaging-over-story mountain? It obviously was Iger. This is called “passing the buck.” The notion that Iger wasn’t on board with messaging over storytelling is absurd. That agenda was his baby.

 

Indeed, poor storytelling recently has hit Disney hard at the box office, with a mixed record on the Disney+ streaming front as well. Iger went on about storytelling over messaging: “I’ve worked hard since I’ve been back to reminding the creative community who are our partners and our employees that that’s the objective. And I don’t really want to tolerate the opposite.” 

 

This shift in attitude certainly is a welcome development, and is smart on Iger’s part. However, failing to accept responsibility for taking the company in the wrong direction in the first place is transparently ridiculous. Just admit that you made mistakes, and are now working to correct them.

 

Hmmm, someone once wrote: “In your work, in your life, you’ll be more respected and trusted by the people around you if you honestly own up to your mistakes. It’s impossible not to make them; but it is possible to acknowledge them, learn from them, and set an example that it’s okay to get things wrong sometimes.” The author? Bob Iger penned that in his book The Ride of a Lifetime.

 

__________

 

Ray Keating is the editor, publisher and economist for DisneyBizJournal.com; and author of the Pastor Stephen Grant thrillers and mysteries, the Alliance of Saint Michael novels, and assorted nonfiction books. Have Ray Keating speak your group, business, school, church, or organization. Email him at raykeating@keatingreports.com.

 

The views expressed here are his own – after all, no one else should be held responsible for this stuff, right?

 

Support the Daily Dose of Disney with Ray Keating Podcast at https://www.buzzsprout.com/1724143. Subscribe at the $8 or $10 level, and get The Disney Planner: The TO DO List Solution by Ray Keating. Remain a supporter and you'll get a FREE BOOK by Ray Keating every six months going forward. Thanks!

 

The Disney Planner: The TO DO List Solution combines a simple, powerful system for getting things done with encouragement and fun for Disney fans, including those who love Mickey, Marvel, Star Wars, Indiana Jones, Pixar, princesses and more.

 

Consider other books by Ray Keating, including…

 

• The Pastor Stephen Grant thrillers and mysteries. There are 18 books in the series now.

 

• Order The Weekly Economist II: 52 More Quick Reads to Help You Think Like an Economist. Kindle editions and paperbacks via Amazon here and signed books here. And don’t forget the first book in this growing series, i.e., The Weekly Economist: 52 Quick Reads to Help You Think Like an Economist at Amazon.com.

 

• Cathedral: An Alliance of Saint Michael Novel is at Amazon

 

• The Lutheran Planner: The TO DO List Solution combines a simple, powerful system for getting things done with encouragement, inspiration and consolation from the Christian faith.

 

• Signed editions of Ray’s books are at www.RayKeatingOnline.com

 

Also, check out Ray’s podcasts – the Daily Dose of DisneyFree Enterprise in Three Minutes, and the PRESS CLUB C Podcast.

Tuesday, November 28, 2023

Disney’s Interesting Market Risk Acknowledgment

 by Ray Keating

Commentary

DisneyBizJournal.com

November 23, 2023

 

The story about the political battle between Disney and Florida Governor Ron DeSantis has dragged on for some time now, with neither side behaving well. Quite simply, Disney dove into controversial political issues that had nothing to do with the company’s business; and in reaction, DeSantis wielded, i.e., abused, the power of government to attack an entity espousing a political position with which he disagreed.



So, why am I possibly bringing this up again? Well, I just came across an interesting op-ed at TheHill.com written by Jonathan Turley, a professor of public interest law at the George Washington University Law School. It caught my attention because Turley brought up Adam Smith, the father of modern-day economics and author of An Inquiry into the Nature and Causes of the Wealth of Nations (1776), and Disney. For a free market economist who edits and publishes DisneyBizJournal, this amounted to required reading. 

 

Turley’s basic point is that Adam Smith noted “how the ‘invisible hand’ of the market worked as people exercised their choices between certain products. It can shape economies and challenge whole governments. One company in particular appears to be learning that lesson.” That “one company” is Disney. Now, Turley’s subsequent points can be debated, but the most interesting aspect of his piece is what he reported from Disney’s own report to the SEC:

 

In its annual SEC report, Disney acknowledges that “we face risks relating to misalignment with public and consumer tastes and preferences for entertainment, travel and consumer products.” In an implied nod to Smith, the company observes that “the success of our businesses depends on our ability to consistently create compelling content,” and that “Generally, our revenues and profitability are adversely impacted when our entertainment offerings and products, as well as our methods to make our offerings and products available to consumers, do not achieve sufficient consumer acceptance. Further, consumers’ perceptions of our position on matters of public interest, including our efforts to achieve certain of our environmental and social goals, often differ widely and present risks to our reputation and brands.” (Emphasis added)

 

Wow. Interesting. Again, let the debate rage, but that is a fascinating acknowledgment on the part of Disney.

 

By the way, while Turley went to economist Adam Smith to make his point about the market and consumer choice (and understandably so), I previously noted economist Milton Friedman’s points from a classic 1970 New York Times Magazine article on “social responsibility” of business that directly addressed the matter of corporations and social activism. Check that out here.

 

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Ray Keating is the editor, publisher and economist for DisneyBizJournal.com; and author of the Pastor Stephen Grant thrillers and mysteries, the Alliance of Saint Michael novels, and assorted nonfiction books. Have Ray Keating speak your group, business, school, church, or organization. Email him at raykeating@keatingreports.com.

 

The views expressed here are his own – after all, no one else should be held responsible for this stuff, right?

 

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