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Showing posts with label Orlando. Show all posts
Showing posts with label Orlando. Show all posts

Thursday, April 21, 2022

Disney Essentially Created the Central Florida Economy

 by Chris Lucas

Guest Column

DisneyBizJournal.com

April 21, 2022

 

Walt Disney and his older brother/business partner Roy appeared at a November 15, 1965, press conference at the Cherry Plaza Hotel in Orlando, Florida, near Lake Eola, with conservative Florida Governor Haydon Burns. There, they officially announced to the world what a few had already suspected: that they were the mystery buyers of almost 30,000 acres of bog and swamp land in Central Florida.

 

Source: Chris Lucas


To say that this was one of the most important dates in Florida’s history is no understatement. It instantly made Florida a power player. It ranks right up there with Ponce DeLeon's arrival in 1513, and the opening, four centuries later, of the highways and rail systems connecting the northeast and Midwest to the Sunshine State.

 

To put it in perspective: Before Disney set up shop, most visitors to Florida - around 8 million a year - were wealthy folks from northeastern cities headed to the beaches or to the coasts, and usually only from November to March. The swampy, marshy, lake filled interior of the state was overlooked desolate land used largely for agricultural purposes. 

 

Now, over 75 percent of the 120 million people, mostly middle class, who visit Florida from all over the world in an average year spend their time in the greater Orlando area, never venturing anywhere else in the state. 

 

In 1965, there were less than 400,000 people living in central Florida, and it accounted for just 10 percent of tax revenue to the state. Today, it's one of the biggest metropolitan areas in the country, with close to four million residents, and provides well over 50 percent of Florida's tax revenue. 

 

Walt passed away just about a year after this press conference, so he never actually got to see the finished version of Walt Disney World. Roy broke ground for his late brother Walt’s Florida project - renamed Walt Disney World in his honor - in 1967.

 

It marked the immediate transformation of a sleepy, farming state of just six million people into an economic powerhouse today where 21 million live and work in the 15th largest economy in the world, bigger than that of the Netherlands, Saudi Arabia or Taiwan. 

 

The presence of Walt Disney World alone has brought thousands of related businesses to Florida and has generated more than five billion dollars for the state on its own. 

 

The economic, political and social environment that is Florida today owes a lot to the fateful decision of Walt Disney to come to Central Florida. It includes:

 

- $75 billion annual economic impact for Central Florida. 


- 500,000 jobs. 


- and the sales tax collected just on the 55 million Walt Disney World tickets sold in an average year, which is around $415 million. That’s more than what the state of Florida will spend on school construction and maintenance or the entire Department of Elder Affairs budget.

 

Disney pioneered land-use planning and growth management in Florida by setting off land not to be developed from the very beginning of construction and keeping it pure and preserved. 

 

The idea of mapping out the natural systems for a 38-mile region and confining development to the least environmentally sensitive areas was unheard of in 1960s Florida. 

 

Disney also struck a deal for self-sufficiency in roads, sewage, waste disposal, utilities and emergency services that took the burden off of local taxpayers and was the model for decades to come. 

 

Florida owes a tremendous debt to Walt Disney, to Roy Disney, and to their successors, up to and including current CEO Bob Chapek.

 

Florida as we know it wouldn’t be the same without them. Thanks, fellas! 

 

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Chris Lucas is the author of Top Disney: 100 Top Ten Lists of the Best of Disney, from the Man to the Mouse and Beyond.

 

On the PRESS CLUB C Podcast, enjoy two of Ray’s discussions with Chris Lucas. The first was about Chris’ career as an actor, author and Disney expert. Tune in right here! The second was a chat about the Disney World’s 50 anniversary. Listen here!


Wednesday, February 2, 2022

Walt Disney Transforming Industries and Florida


Daily Dose of Disney with Ray Keating – Episode #272: Walt Disney Transformed Industries and an Entire State – Chris Lucas reminds us of just how sweeping the effects can be of an entrepreneur like Walt Disney.

The “Daily Dose of Disney with Ray Keating” podcast serves up a Disney or Disney-related quote each day, with DisneyBizJournal’s Ray Keating offering brief, additional thoughts on how each dose ties in to life, career, business, entrepreneurship, creativity, storytelling, work, or just plain fun.

Tuesday, March 16, 2021

“The Wonder Awaits You!”: Virtual Travel Experience Offered by Visit Orlando

by Beth Keating

News

DisneyBizJournal.com

March 16, 2021

 

Planning a summer vacation, but not quite ready to go out and about in public yet? You can take advantage of Visit Orlando’s Virtual Travel Show later this month to start planning your getaway.



On Thursday, March 25, 2021, Visit Orlando will be debuting a one-of-a-kind virtual experience from 6-8 p.m. (EDT). This free, online live show, “The Wonder Awaits You!” An Orlando Virtual Travel Experience, will also make its content available for three days after the conference, but guests must be registered for the live event in advance in order to participate.

 

If you’ve ever ventured into a convention center packed with dozens of booths to explore your favorite topic (comic-con, anyone?), plan a wedding, or visit a car or boat show, you’ve no doubt navigated the crowds meandering from vendor to vendor. Visit Orlando is using that concept, but allowing you to visit the venues from the comfort of your own home.  Wear your PJs if you wish!

 

Attendees can win trips and vacation package prizes, access exclusive show offers, and explore different options, including theme parks, hotels, dining and other entertainment hot spots.

 

The live show will run for two hours, and registrants can also visit virtual booths at Experience Village, where they can interact with representatives from various attractions and accommodations. In the Main Stage presentations, guests can hear about the newest offerings and changes at Orlando’s theme parks and attractions.

 

Among the more than 40 destinations and attractions participating will be Walt Disney World, Universal Orlando, SeaWorld Orlando, Legoland Florida, Gatorland, Icon Park, NASA, and the Kennedy Space Center. 

 

You can register for free at the Visit Orlando website, where more information is also available.

 

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Beth Keating is a regular contributor to DisneyBizJournal.

 

Please support the efforts of DisneyBizJournal.com to bring news, analysis and commentary on Disney to readers such as yourself. Make a contribution right here via PayPal. Thanks! 

Sunday, March 7, 2021

“Disney on Broadway” Stars Coming to the Dr. Phillips Center in Orlando

 by Beth Keating

News

DisneyBizJournal.com

March 7, 2021

 

They may not have been able to be there for EPCOT’s annual Festival of the Arts, but some of your favorite Disney on Broadway performers will be coming to the Dr. Phillips Center for the Performing Arts in Orlando in March.



The concerts are part of the Dr. Phillips Center’s “Frontyard Festival,” and will take place March 20 (1:30 and 8:00 pm) and March 21 (8 pm). Ticket prices start at $25, and kids under 18 are free with each paid adult ticket during the Saturday Matinee performance (See the Dr. Phillips’ website for details). The six-month-long festival has provided a range of musical concerts, movie nights (including Disney movies), comedy acts, dance, fitness classes and brunches on the outdoor plaza at the Arts Center.

The Broadway artists have not only performed in Disney’s New York Broadway productions, but have previously sung at the America Gardens Theatre at Disney’s Festival of the Arts at EPCOT. They will be performing songs from a range of Disney productions, in addition to the ones they had starring roles in.

 

“The Music of Disney on Broadway” concert will feature Michael James Scott (Genie in Aladdin and in Tarzan), Ashley Brown (Mary Poppins in Mary Poppins, and Belle in Beauty and the Beast), Kissy Simmons (Nala in The Lion King), and Josh Strickland (Tarzan in Tarzan). They will be performing with a full band, and will not only offer up the hits they brought to life on the Broadway stage, but will also share music from The Lion KingTarzanMary PoppinsAladdinHerculesThe Little MermaidNewsiesBeauty and the BeastAidaHigh School MusicalFreaky Friday and Frozen. If you’ve had a chance to see these performers at “Disney on Broadway” shows at EPCOT, you know that they are not only fabulous vocalists, but also entertaining personalities as well.

 

The shows are outdoors in front of the Dr. Phillips Center for the Performing Arts building, and guests will choose their own socially-distanced, private 5x7 platform for their group, one of nearly 400 elevated seating pods, or “boxes,” that are located six feet apart. According to the Dr. Phillips Center, “You’ll pick your own socially distant box for up to five people—where you can order food and drinks from some of your favorite local restaurants while you watch your show.”

 
Guests can purchase tickets and get more information at the Dr. Phillips Center for the Performing Arts website.

 

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Beth Keating is a regular contributor to DisneyBizJournal.

 

Please support the efforts of DisneyBizJournal.com to bring news, analysis and commentary on Disney to readers such as yourself. Make a contribution right here via PayPal. Thanks!

 

Wednesday, August 7, 2019

Disney Expanding, Not Limiting, Epic Competition and Choices

by Ray Keating
Analysis/Commentary
DisneyBizJournal.com
August 7, 2019

After the recent Fox merger, the Walt Disney Company has been called (for example, in an IGN.com article) “the most powerful movie studio that has ever existed.” Wow. 

That phrase, of course, strikes fear into the hearts of many, including people who assume that consumers and creators will suffer under a “monopoly” or some kind of tremendous economic power, with competition and choice being lost. Nothing could be further from the truth.


First, a little history. Big does not guarantee success in the competitive marketplace. The history of business are strewn with companies that once dominated or were major players in their respective industries, and went on to be wiped out. Think Sears, Pan Am, Kodak, Borders, Blockbuster, Burger Chef – the list goes on and on. 

Second, a little economics. The term “monopoly” means a single seller of a product for which there are few good substitutes, and the industry has high barriers to entry. The Walt Disney Company stands as a major player – but far from the only player – in the broad entertainment industry. Consumers have seemingly countless and multiplying entertainment products and services on which they can spend their hard earned dollars. High barriers to entry, especially when considering the dramatic advancements in technology in terms of producing and distributing content, certainly don’t exist. 

For good measure, monopolies in the free market are more about the over-active imaginations of politicians, the media and assorted economists, rather than economic reality. Monopolies usually come about due to government (for example, public schools) or government protection (for example, back in the day, Ma Bell), not market competition. Sure, significant market share can be gained in the market. But that is accomplished by serving customers well, and that market share can and often does disappear due to competition and innovation. 

Talk of Disney being a monopoly or wielding some kind of overwhelming economic power amounts to economic fiction. In fact, Disney’s products, services and investments serve to expand rather than limit competition and choice.

Consider Disney’s announcement on August 6ththat it’s going to bundle three streaming services – Disney+, ESPN+ and Hulu – into one affordable package of $12.99 per month. The bundle will be available on November 12 with Disney+ coming online that day.

In the company’s August 6thearnings call, CEO Bob Iger spoke about the long-term value of the Fox acquisition; the volume and variety of content scheduled for Disney+; flexibility among platforms; the need to maintain a flow of quality for its more traditional television networks like ABC, FX and Freeform; and the need “to be more resilient than any of our competitors.”

Low prices, and emphasis on investment in platforms and content are not signs of monopoly, but instead, they signal a company fighting for profits and market share in a competitive arena. Disney is taking on Netflix, Amazon, YouTube and others in the online video market.

In addition, a recent announcement points to the competitive nature of another major part of the overall entertainment industry where Disney is a leading player, i.e., theme parks. But it wasn’t an announcement from Disney, but rather from a major competitor – Comcast.

On August 1, Comcast’s Universal Orlando Resorts announced that it would be opening a new park – its fourth – called “Universal’s Epic Universe.” The details are pretty vague at this point, except that this promises to be a major investment by a major competitor to Walt Disney World in Orlando. 

In the Comcast statement, it was noted, “Universal’s Epic Universe will take guests on a journey where beloved stories expand into vibrant lands – and where that journey is as much a part of their adventure as the ultimate destination.” Brian L. Roberts, chairman and CEO of Comcast, said, “Our new park represents the single-largest investment Comcast NBCUniversal has made in its theme park business and in Florida overall.”

According to Universal Orlando:

“Universal’s Epic Universe will offer an entirely new level of experiences that will forever redefine theme park entertainment. Guests will venture beyond their wildest imagination, traveling into beloved stories and through vibrant lands on adventures where the journey is as astounding as the destination. The new location will feature a theme park, an entertainment center, hotels, shops, restaurants and more. Ultimately, this expansion will create more space and freedom to let loose and create lasting memories with the people you love.”

Universal’s Epic Universe sends a clear signal that Disney both faces and spurs competition from rivals. It certainly is not the case of other businesses throwing up their arms in a surrender to a monopoly. 

Of course, a new theme park coming from Universal, along with Disney’s Galaxy’s Edge, or the Disney streaming package taking on Netflix and Amazon, serve as examples of competition that can be easily seen. But there’s much more going on among entrepreneurs, innovators and inventors that is hidden from the public, if you will, because it’s just getting started or in early development stages. These entrepreneurs are working to come up with the next big leap forward, whether it be related to content, technology or simply improved service. 

In the end, a company like Disney spurs competition, and must itself invest and innovate in the face of current and future competitors. The real economic power lies with consumers, and entrepreneurs and businesses must work and compete to provide new and/or improved products and services in order to succeed – and remain successful.

For consumers, such competition is, to borrow a word, epic.

Ray Keating is the editor, publisher and economist for DisneyBizJournal.com, and author of the Pastor Stephen Grant novels. He can be contacted at  raykeating@keatingreports.com.

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