Disney Adventure World, Unions, and Closures

WEBVTT

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Our studios in Los Angeles and Tampa. Yes, we are both back home.

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This is Green Tag Theme Park in
thirty. I'm Philip, I'm joined

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as always on my Costcott Swinton and
Scott Swintson Creative Development. And today,

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Scott, we're going to begin with
some news from an area that I literally

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was just at less than a week
ago. Disneyland Paris. Well, Disneyland

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the park formully, isn't it taf
cap like the park formerly known as Disneyland

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Not yet? Oh okay. So
Disney Experiences announced this week that the Walt

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Disney Studio Park at Disneyland Paris will
be renamed Disney Adventure World when it's World

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of Frozen land opens. And just
for context, you know, Disneyland Paris

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is the kind of original main gate
and then like literally right next to it.

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Some would question, including myself,
why it is even a second gate,

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because it's like the partition between the
two or literally right next to just

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walk one into the other. Anyway, So that's the one we're going to

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be talking about, Walt Disney Studios
Park and how they are renaming that one

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into Disney Adventure World when World of
Frozen opens. So the Tom Fitzgerald,

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wi's chief storytelling executive, gave a
statement in which he explained more of the

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reasoning. He said, today we
are changing the story of Walt Disney Studios

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Park, evolving from how it's done
soundstages to celebratory theaters and adventures that come

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to life in immersive worlds. These
fully realized adventure worlds will become the focus

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of the part's new identity and appear
as realms that guests discover as they navigate

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deeper within the story and are invited
to participate in the adventures inspired by our

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most beloved stories. So again for
more context, when you arrive currently into

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the studios portion of this, it's
very Hollywood Studios esque from for our Life

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and listeners, you know, it's
like you literally like walk into a sound

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stage. And they mentioned that where
the Studio one entrance building is going to

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be reimagined as a world premiere and
it's going to homage Hollywood systort movie theaters

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as well as the entire entertainment industry. So right now, it's more like

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you enter into a sound stage,
you know, where there's like catering and

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there's this kind of that's the feel. So they're going to shift that feel

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over to it being more like you're
arriving at a movie premiere kind of a

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thing. In addition to the World
of Frozen, Disney is working on another

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immersive themed land which has not been
announced, but we just know that something

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else is coming in that area.
And also next month, they're opening Alice

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and the Queen of Hearts, a
back to Wonderland musical stage show. It's

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described as an ultracolorful pop rock face
off in which two teams represent Alice and

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the Queen of Hearts go head to
head in a high energy showdown. And

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later this year, Avengers Campus is
going to have a new nighttime activation that'll

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be like a production show that's going
to offer a new storyline and some characters.

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So I was just there and just
for a little bit more context,

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explain this this move like this is
a pretty historic thing. I mean Disney

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Disney is not known for changing the
name of its parks very often, so

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you know, despite other brands changing
their names with more frequency, Disney does

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not. And for more context,
you know, this is this section next

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to day Land. Paris is really
Disney's lowest attended and kind of lowest rated

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Park of all of it, you
know, quote unquote park right like air

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quotes here like Park of all of
its parks, more like Gate, Like

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it's kind of the lowest attended Gate
and you know, it's really not good.

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Like I'm sorry, it's just it's
not like it's just it's not it

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For context, I went to Didaisland
Paris for half a day, and then

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I slept over, and then I
went for like another half a day,

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you know, in between the train
and out of that time, I probably

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spent like three hours at Hollywood Studios, and I felt like I was done

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with the whole like Gate, you
know, and and most of the California

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Adventure when it opened. Yeah,
yes, actually I think it's it's very

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much and it just it doesn't make
any sense as it. It's one of

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those things where Disneyland Paris itself is
gorgeous. I mean you you know,

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you walk up, there's the hotel
that that kind of acts as a pseudo

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entryway. You have these these extensive
gardens and fountains, and it's just it's

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it's so picturesque. It's something you
you show up and you're like, oh,

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I would expect Paris Disneyland to look
like this, so it's so and

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then you have those reveals in the
park. You know, you have Skull

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Island that has the whole lake and
you can climb up into the skull and

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look out out on people. And
then and then you have the big Thunder

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railway that kind of goes under the
water in a tunnel, and then you

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have Phantom manner. I mean there's
so many like very iconic, picturesque scenic

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you know areas there at disnel in
pairs, and the Hollywood side just kind

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of has nothing like I'm sorry,
it just it has nothing in terms of

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the rebrand. I think it is. Well, let's see what what helped

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what helped California Adventure. I know, add cars. Yeah, well they

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tried, right, so they added
like roll de frozen right there, adding

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that, and then they added the
you know, I think the biggest things

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that the Hollywood area right now are
the Hollywood Tower Hotel, which is still

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there and you know, the old
the original version is still there. And

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they have the Crushes coaster, the
spinning coaster, which is a unique but

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no one else has that. So
that I mean that the whole time I

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was there, those two days.
That was two hundred minute wait time type

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of you know ride. I mean, it's like the only thing people go

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there to do, really, So
it's I think the rebrand is something that

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is in about like if they're going
to keep that, I think the rebrand

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is inevitable because it is you know, like well, I mean, let's

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let's look back. It's kind of
what they did again you mentioned our Orlando

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listeners. It's kind of what they
did with World Showcase at EPPOT. You

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know, when they when they start
making it less and less world and more

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about what character, what character experience
can we put in each of these quote

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unquote countries or parts of the world, then it becomes it becomes something completely

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completely different. They didn't rename World
Showcase because they still are using the world

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and the different countries as their palette
to paint on. But instead of painting,

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instead of painting realistic, they're now
painting cartoon and abstract. You know.

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It's uh, they've they've decided that
the the Disney IP, the character

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IP is much stronger than the the
IP of the world. Well in Epcot,

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but it sounds like in Paris they
have decided kind of what they did

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when they rebranded studios here in Florida, when they took MGM off and you

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know, made it more and more
it was. It's much less the behind

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the behind the scenes movie tour.
But there's another important reason that I think

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we need to discuss, and that
is behind the scene movies. You know,

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there was a time that that was
where the magic happened, that was

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you know, the oo ah.
But let's face it, movies don't have

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the impact they once Yet they're still
important, They're still a part of entertainment,

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but they are not the be all
and end all. And the fact

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that you know, the fact that
we are right now sitting in our offices,

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in our homes on opposite sides of
the country doing a video presentation anybody,

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anybody can in air quotes make a
movie. So the magic and the

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wonder of the golden age of Hollywood, it doesn't resonate anymore. That I

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think that's the biggest thing to me, you know, basically shifting from it

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used to be. Basically I think
they're saying crowds, even in Europe,

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crowds, you know, used to
care more. You know, maybe they

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never did. And that's why the
park is that gate has never been well

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attended, but you know it,
they're kind of I think essentially what they're

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saying is that people used to care
more about how a thing was made or

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just kind of a little bit of
background, and now they just care about

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showing up and interacting in the world
of the IP because everybody can can make

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a movie using their phone. Well, I'm not sure. I'm not sure

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what the reasoning is. I think
it might be because you know, back

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in the day, right, it
used to be like astronauts for like the

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number one sought after, you know
job when you ask you know, people

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that were in you know, kids, and now it's like content creator,

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content creator. Yeah, so I
think there might be maybe interest still in

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the concept of creation of a thing. I just think it's it makes more

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sense for the brand direction as a
whole, as they've been saying, is

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to just celebrate ips or you just
you want to step into the world of

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the IP. It's so much like
I said, like, I think we're

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saying the exact same thing. The
the the goal of being a Hollywood starlet

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or a you know, leading leading
man or a director in Hollywood, or

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a leading man or director in the
film industry is just not what you want

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to be a YouTube star. So
you want to be immersive so that you

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can sit there and be in that
world and and share it with you know,

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all of your yeah, all of
your followers. So yeah, it's

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it makes sense with the with the
current, with the current demographic, and

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it's you know, you you say
that, you say you mentioned earlier that

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parks don't rename, or Disney parks
rarely renamed, which is true. But

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it's interesting that both of the studio
parks, both of the parks that had

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studio names in them, have rebranded, have renamed themselves. MGM was for

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a different reason at a different time
in place, but still I think it's

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important to recognize that when they realize
when they're when their fan base changes their

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interest, you know. I mean
there was a time that when Epcot was

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under development that people, you know, even when it open, and people

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didn't travel internationally nearly as much as
they do now. Yeah, and so

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there was an appeal to an authentic
representation, okay all you will say,

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a cleaner yet authentic representation of different
parts of the world. And then you

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know, as that waned, they
realized no we have to add the characters

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back in because that's always going to
be our cast. Yes, I was

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thinking about this and I think if
I were to put a to like what

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you're saying, I think it's it's
like what we talked about with Isle Burke

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and way back a few episodes ago, where it's like, these parks are

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in a big ecosystem and they're trying
to figure out what can we be the

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best in the world at and they
cannot What do you have to come to

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our park? Yes, and you
know what, they're not the best at

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doing the whole, the whole how
movie magic is made, you know,

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the whole you know, understanding how
film is. They're not the best at

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that. You know, you we
just talked about the Wonder Brothers Tour London

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and how that is a whole theme
park just about the making. I mean

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that, you know, is what
this could have been. But they're they're

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not. It's not that, So
it's not the best at it. So

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they're pivoting it to being like,
what can we be the best at?

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We can be the best at putting
somebody in an immersive world, specifically for

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these ips that no one else has
access to. That's it. When it

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came to theme parks, what did
we do best Disneyland so Magic Kingdom?

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Yeah, so just do that again. Yeah, I think I think direct

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the only other thing I want to
mention with this is that not the only

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other thing, but I think,
well, it's like I'm like, ah,

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like the entertainment offerings there also do
not fit the concept of you know,

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how the magic is made. Like
I didn't find any offering that was

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like that was like the you know, special effects makeup show at Universal or

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the studio tram Shore. I mean, the the biggest thing to me,

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the most impressive entertaining there were the
two shows that I saw which were absolutely

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incredible, Like I had nothing to
do with correct, That's exactly right,

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they had nothing. Instead, I
could see them fitting in the new narrative

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better actually than you know, than
a celebration of the world. Well,

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and they've probably already they've probably already
made that show that they've probably already started

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to internally or they made the announcement. And I think that, you know,

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like you mentioned tram Tour, that's
gone because nobody cares. You know,

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you can you can google pretty much
anything and find out what it looks

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like behind the scenes. Yeah,
you don't have to go to a studio

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to experience it. Well, you
know, except the in Hollywood they just

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opened the you know, sixty anniversary
sixty anniversary like tram tour thing. But

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again it's the thing that only they
can do there because they have the as

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they can do. But it's not
something that they that they do at Universe,

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yes, correct or because because it's
not, because it was it was

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built as a theme park that had
a studio connected to it. Universal University

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California has started as a studio and
was a very thriving studio and used the

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theme park as an add on.
So it depends on where it started.

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And of course California is still the
hub. I would venture to say that

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eventually even that will wait away,
so we'll see. While we're in this

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part of the world, I just
want to talk about the Pixar stage show

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there at the Hollywood part of Disneyland
Paris. It is incredible. Now there's

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no I had I heard about this, but I did not know about it

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because it well it's so there's no
recording allowed at all, and it's very

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much like a Broadway show or like
a West End show in that they have

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ushers standing at every aisle that are
watching for cameras and you are like escorted

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out if you take your cell phone
out. They have signs everywhere that I

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mean, it's it's very strict,
and I think that's kind of why we

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did. I didn't you know,
see or know more about it. But

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this Pixar show is absolutely incredible,
and I think it highlights one of those

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things where I'm not sure, well, I'm sure it's a whole discussion as

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to why we don't have stuff like
this in the US. But this is

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a thirty minute stage show with a
full live orchestra that comes on stage into

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this into the theme park show and
plays a score. And the narrative is

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that you are it's the Toys from
from Toy Story and basically, you know,

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Charlie has A is a has music
class the next day and she she's

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like leading the band in something and
the sheet music gets like like lost,

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and so the toys are trying to
put the sheet music back together, and

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so they use that as the crux
to each piece of sheet music is like

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a different Pixar world. So there's
a Monster z Inc World and so they

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enter into all the and you just
have this full stage production that is you

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know Monster z Inc like you know
Sully, and they come out and they're

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singing and all of the all of
the you know, the they're all going

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through the they're all going through the
crowds, you know, missing people down

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to disinfect them in their suits,
and the orchestras playing the whole time.

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It's like it's incredible, it's and
that's the type of again, you know,

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you and I talked about this too
when you were over there that while

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you were while you were in London, you know West End shows, you

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can go see theater every night of
your life and never see the same show

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twice because by the time you go
through all the huge numbers of theaters,

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they've all changed out, so you
start fresh again. And part of it

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is because the amount of money that
is dumped into the arts in that part

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of the world versus the United States
there, and you can you can say,

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you know, you can say is
it the cart before the horse or

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you you know, it's a it's
a chicken or the egg kind of scenario.

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Here is are people more interested in
the arts because they're more available because

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of funding or is there more funding
because there are more people interested in the

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arts and that will be a whole
show in and of itself. But I

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think that's why you're seeing more live, more robust, live entertainment and in

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European parks. There's another stra another
hypothesis I have that I wanted to get

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Scott's take on. I think that's
part of it. Scott and I talked

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about that offline, not on the
show. We talked about the investment of

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that and how it just creates more
of a culture of that. But I'm

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also wondering, Scott, like,
what do you think about the idea of

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like, you know, when you're
at disnelin in Paris, there's really not

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any other theme parks around. I
mean there's not there's there's nothing in that

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area. It's just like it's just
island Paris. And so I'm wondering if

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like in Orlando, for example,
like we talked about earlier, there's sea

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parks like everywhere. So it's almost
like it's become the shows have become like

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commoditized, I would say, in
a way where like you know, every

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it's almost like the quality is lowered
on them, just because there's so many

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of them. So it's I don't
know, but it seems to me like

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the guests there were like they were
like, oh, this is the minimum

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level of quality I expect when I'm
ad an attraction, And I'm like,

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what, Like, this is the
minimum? Well, if it didn't have

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a live orchestra, you know,
it wouldn't even be worth going to.

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I'm like, what, like,
excuse me again. I think it's because

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they've been raised in an environment where
they've been going to theater as children,

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and I don't think that happens in
the US nearly as much. I mean,

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yes, there are don't misunderstanding.
There are parents who will take their

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kids to go see to go see
shows and at a very young age,

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usually next time, next time Wicked
comes or Lion King comes on tour,

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go and see. You know how
many people are there who are under the

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age of twelve? Quite a few, but not nearly to the extent that

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they do in Europe. And it's
partially because it's not as accessible, it's

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not as well funded, and there's
also a different because of the different cultures.

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There's a different mindset, I think. And is it because of funding

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or is it because of interest.
I still don't know, but it's there.

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There is more outside of the world
of theme park. There is significantly

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more theater in Europe than there is
in the US, and specifically Paris and

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Friends. I'm sorry Paris and in
London. Well, well that was a

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whole that was the whole thing.
But I was just curious about that.

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Just yeah, just because you know
they're opening another one now, you know,

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and it's all fitting into the strategy. But that's theme parks only invest

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money where people go yep, you
know, if and they invest money in

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attractions, whether it shows or rides, or or roller coasters or whatever,

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because they want to click the turnstile. That's the only reason they do it.

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So if they are investing that much
in a in a in a new

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show, it means that their last
investment paid off. Now there's another thing

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here that you know, fixed,
fixed and variable costs. Roller coasters,

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you you spend a lot of money
up front, and then you have very

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low labor costs because it doesn't recor
you know, he's pushing you up that

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hill. With live shows, you
you invest less in many cases, certainly

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in the United States, you invest
less, but then you have the ongoing

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cost of keeping a cast there,
and a cast of not just your frontline

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workers, but people who have very
specific skills and talents. So it's also

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a different way of looking at it
financially. Okay, well, speaking of

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all that, we would be remiss
not to very quickly just touch on the

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fact that the Anaheim back in Disneyland
in California. The Anaheim City Council on

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Wednesday voted seven to zero to give
preliminary approval for the disliyan Ford proposal.

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We are talked about this. This
is duh, yes, duh, this

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is almost there. There's only one
more vote. But if seven to zero

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preliminary, I'm pretty sure it's it's
it's in the bag. Which is exciting

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because of course this is all Disney
investment. But you know, both these

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stories are just are our you know, the investment that that Eiger keeps,

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like, you know, teasiness.
I was gonna say, ed sixty billion.

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As a Disney stock holder, I'll
get you out of this field.

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As a Disney stockholder, I'm excited
about this. I think this will be

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I think this will be a robust
new new adventure. We're not there yet,

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This is still the super early stages
of it, but it's heading in

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the right direction in very small increments, but it keeps inching itself. Yeah,

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we're getting there. Also, coming
up, June sixteenth is going to

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be the expiration for the contracts of
thirteen thousand Union cast members in California.

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And this is the thing. I
think. I'm mentioning it because I think

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that we're going to see stories start
to come out as we get closer to

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the June date, and it's going
to be from both sides, and of

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course we're going to hear from both
as to you know, I just kind

291
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of feel like this is normal.
I think I'm just highlighting this happens all

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the time. It's just like it's
normal. They're both going to argue about

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it, and they're probably going to
like hopefully reach a compromence. Well,

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you know, they're going to reach
a compromise at the end. I think

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we can probably fast forward through all
of that argument and just wait until we

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see what the nuts and bolts of
the offer is. Because the cast members

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have already cited internal surveys that say
that you know, seventy three percent reported

298
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not earning enough to cover basic expenses
each month. Meanwhile, Disneyland released like

299
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counter arguments saying that they've already raised
there so much. You know that Disneyland

300
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said hourly starting wages have increased forty
two percent in Park and citing that it's

301
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gone from fifteen dollars to twenty one
twenty five. Whatever. I don't know,

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I just I just want to put
out there for context. You know,

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minimum wage is sixteen in California,
but the living wage in Anaheim is

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twenty seven, So just for context, and just remember last year that in

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August of last year that the that
La County was pushing Universal to go to

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twenty five because it's within city limits
and because the city employees there in Los

307
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Angeles County are at twenty currently and
are looking to go to twenty five dollars

308
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by twenty twenty six, which is
not that long away, and then they're

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trying to get it close through that
living wage thing. So I just think

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that, I mean, I'm sure
there's going to be a lot of noise

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on both ends, and each side
is going to tell that, say that

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the other side is greedy and whatever, and I think hopefully we'll end up

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at a compromise. But I think
that the slope it's going to have to

314
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go up. I don't see any
way that it's not going to go up.

315
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But that's normal to what you know. Well, and this is this

316
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is the same, This is the
same mentality. This is exactly the same

317
00:22:26.200 --> 00:22:33.000
mentality that happened with with fast food. You know when they when McDonald's or

318
00:22:33.200 --> 00:22:37.799
you know, the fast food chain
started started paying their people significantly more than

319
00:22:37.039 --> 00:22:44.200
than minimum wage. So what ended
up happening. And last time I walked

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00:22:44.240 --> 00:22:48.359
into a McDonald's there are fewer people
working there. Yeah, so yeah,

321
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the wages can go up, but
that means that the number of jobs are

322
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going to go down. And don't
mist understanding. I'm not saying that people

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should shouldn't make a living wage.
They absolutely should, and I think that

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this is these kinds of negotiations are
absolutely essential. But you know, I

325
00:23:00.680 --> 00:23:02.720
know that there are those people who
will say, well, just pay them,

326
00:23:02.759 --> 00:23:03.880
just pay them more, just pay
them more. But what that means

327
00:23:03.880 --> 00:23:08.440
there's a lot of ramifications to that. There's a lot of ramifications to that.

328
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And everyone will say, yeah,
but they're making such great profits that

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you know, they could they could
spend a little bit of that on their

330
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people, and then we do the
profit reports where everybody says, eh,

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we're flatlining or down. So I
don't understand what these great profits are.

332
00:23:22.359 --> 00:23:26.559
You know. I think there's you
have to you have to recognize that there

333
00:23:26.599 --> 00:23:30.440
are two sides to this story,
and that if you say pay people more,

334
00:23:30.680 --> 00:23:33.000
that could mean yes, we're going
to pay people more and we're going

335
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to cut the number of people that
we hire by thirty percent. And going

336
00:23:37.880 --> 00:23:41.000
back to the discussion we just had, if you want a big, robust

337
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show, those are your highest paid
employed, correct, And so yeah,

338
00:23:47.240 --> 00:23:53.440
so I think all this is is
related to Scott's point. I would push

339
00:23:53.480 --> 00:23:56.640
back on Scott's point a little bit
in that, like I do, the

340
00:23:56.680 --> 00:24:00.799
Disney parks are profitable, and they're
profitable by a signific margins. So I

341
00:24:00.839 --> 00:24:03.680
do think that the margin is there. However, it doesn't matter because Scott's

342
00:24:03.720 --> 00:24:08.440
point is is exactly what the board
is saying like internally. But here's the

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thing with Disney and forward moving forward. That means that this discussion they are

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already having in the planning, and
I think they're they're going to build it

345
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into the plan to have less jobs
overall for the size of the expansion and

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00:24:21.759 --> 00:24:23.880
less live entertainment. You know that
they don't. We don't have the Linking

347
00:24:23.880 --> 00:24:26.799
Show anymore, and there's nothing.
It's sitting there empty. And meanwhile,

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00:24:26.799 --> 00:24:32.000
Disney in Paris has like three shows
in their tire little park that barely has

349
00:24:32.000 --> 00:24:33.799
any rides. Maybe that's why.
But I'm just saying, well, and

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00:24:33.839 --> 00:24:37.160
since you quickly pushed back, I'm
gonna quickly push back again, because you're

351
00:24:37.240 --> 00:24:42.599
right, Disneyland is profitable, but
Disney as a whole then struggling. Streaming

352
00:24:44.680 --> 00:24:48.960
is struggling, is struggling. So
that's what they're really looking at. They're

353
00:24:48.960 --> 00:24:52.559
not looking at. That's like saying, my bathroom is great, but the

354
00:24:52.559 --> 00:24:56.559
rest of my house is falling apart. You gotta look at the There are

355
00:24:56.640 --> 00:25:00.880
multiple sides to the whole discussion,
and that's why I'm glad that there are

356
00:25:00.839 --> 00:25:06.039
discussions going on, and I'm glad
that these kinds of back and forth are

357
00:25:06.079 --> 00:25:11.640
happening so that both sides can be
heard. But I think it's really important

358
00:25:11.640 --> 00:25:15.079
for both sides to recognize. You
either have your frontline employees who can't who

359
00:25:15.119 --> 00:25:18.400
can't work for you because they can't
afford to no matter how much they want

360
00:25:18.440 --> 00:25:22.359
to. Or you have a company
that's going to say, yeah, we

361
00:25:22.400 --> 00:25:25.720
can pay you that, but you
know, instead of ten of you,

362
00:25:25.759 --> 00:25:27.680
we're only going to pay seven of
you or six of you that amount of

363
00:25:27.720 --> 00:25:33.920
money. Yeah, well, you
know that's a rough that's a rough choice.

364
00:25:34.039 --> 00:25:37.119
Speaking of rough choices, this last
thing we're going to try and do

365
00:25:37.200 --> 00:25:41.119
very quickly. We were sent over
a request by a friend of a show

366
00:25:41.119 --> 00:25:44.759
to cover some of the closings that
are happening in Las Vegas, and I

367
00:25:44.839 --> 00:25:48.440
kind of expanded that to cover also
this new story that dropped this week,

368
00:25:48.440 --> 00:25:52.920
which is that Evermore theme park is
closing. It's permanently closed already in Utah.

369
00:25:53.000 --> 00:25:56.400
It opened in twenty eighteen and operated
through kind of the end of twenty

370
00:25:56.480 --> 00:26:00.559
twenty three, and it's just not
going to reopen this year. Interview for

371
00:26:00.599 --> 00:26:06.839
ABC four, they said that a
failed business and operating model was the reason

372
00:26:06.920 --> 00:26:08.839
for the parts closer. Does that
sound like something we were just talking about?

373
00:26:10.599 --> 00:26:15.400
And it said that the site is
under contract with a very well capitalized

374
00:26:15.400 --> 00:26:18.920
group who is not only keeping the
twenty seven existing Old World structures intact,

375
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but finishing everything with new improvement.
So we'll see if it evolves into something

376
00:26:22.240 --> 00:26:26.960
else. And then looking over at
Las Vegas, the Lost Spirits Distillery announced

377
00:26:26.960 --> 00:26:30.039
that they will be closing at the
end of April, so right in a

378
00:26:30.039 --> 00:26:36.720
little bit there. The statement from
the Lost Spirits Distillery said the debt burden

379
00:26:36.720 --> 00:26:41.119
accumulated from both COVID and slow reopening
after COVID forced the decision to close this

380
00:26:41.240 --> 00:26:44.480
is there's just no way to claw
our way out of the immense debt.

381
00:26:44.799 --> 00:26:47.920
Well, I hate to see that
it close. I would say together,

382
00:26:48.000 --> 00:26:49.799
we prove that an immersive circus show
can work in Las Vegas, and we

383
00:26:49.839 --> 00:26:55.119
built one of the most successful immersive
shows in history. It says plays over

384
00:26:55.160 --> 00:27:00.720
a thousand performances serving over two hundred
and fifty thousand audience members, and the

385
00:27:00.839 --> 00:27:04.839
Love Show at the hard Rock Las
Vegas is also closing on July seventh.

386
00:27:07.319 --> 00:27:11.799
Their desolat president said that it was
not their decision, more was a decision

387
00:27:11.880 --> 00:27:14.480
made by the hotel. They were
kind of like basically kicking them out.

388
00:27:14.759 --> 00:27:18.319
The hotel is kicking them out because
they want to redevelop that area. And

389
00:27:18.319 --> 00:27:22.240
separate reporting about this story that was
not confirmed in any statements, but separate

390
00:27:22.240 --> 00:27:26.240
reporting by Independent Outlet said that the
show is reportedly running forty to sixty percent

391
00:27:26.279 --> 00:27:30.720
capacity only in its two thousand seat
theater, and it's the lowest performing SIRP

392
00:27:30.759 --> 00:27:37.640
show that is on the strip.
And last piece of this it is the

393
00:27:37.720 --> 00:27:42.519
Nightmare Cafe which had which was a
little independent kind of dinner show in the

394
00:27:42.680 --> 00:27:48.079
Arts district. It was a whole
little cafe with a dinner show that also

395
00:27:48.160 --> 00:27:51.039
was closed, and I went out
there and did a story on them.

396
00:27:51.119 --> 00:27:53.119
I met the owners. They're very
nice, they're wonderful people, and they

397
00:27:53.160 --> 00:27:56.960
closed just because of the stress of
it. They couldn't manage another second business

398
00:27:57.039 --> 00:28:02.759
or whatnot. Thing is just keep
in mind this is all balanced with like

399
00:28:03.160 --> 00:28:07.680
the new stuff coming to Area fifteen, like the John Wick experience. Yeah,

400
00:28:07.720 --> 00:28:11.640
it's so. I think that it's
I think that it is noticeable because

401
00:28:11.640 --> 00:28:15.599
these are all things that were believed
to be quite successful. These were all

402
00:28:15.680 --> 00:28:21.079
things that people were very connected to
and very much enjoyed. But I agree

403
00:28:21.119 --> 00:28:22.559
with you, Philip, I think
in this particular case, it's just part

404
00:28:22.599 --> 00:28:26.640
of the to everything, there is
a season. And if if it is

405
00:28:26.680 --> 00:28:32.160
true that Love is only playing to
forty to sixty percent capacity in Las Vegas.

406
00:28:32.279 --> 00:28:37.000
That's failure. Then it should should
places that's not. But there that's

407
00:28:37.039 --> 00:28:41.000
failure. And it kind of goes
back to what we started talking about at

408
00:28:41.000 --> 00:28:45.119
the very beginning with the live entertainment. You know, you can invest.

409
00:28:45.400 --> 00:28:49.000
These shows are expensive to run.
They are expensive to run, and if

410
00:28:49.000 --> 00:28:56.359
they're not making their money back,
then you know it unfortunately means that you

411
00:28:56.480 --> 00:28:59.440
have to close them so you can
reopen. Now. People will say,

412
00:28:59.480 --> 00:29:02.440
well, why we just retool them. That's what they try to do in

413
00:29:02.440 --> 00:29:06.400
certain places. And I will say
that there are certain cirque style shows or

414
00:29:07.680 --> 00:29:11.799
former dragon shows that they have tried
to retool to make them more cost effective,

415
00:29:12.039 --> 00:29:15.000
and they just go down the dumper. They're really not very good.

416
00:29:15.880 --> 00:29:21.400
So I think as sad as it
is to see some of these things go,

417
00:29:21.480 --> 00:29:23.599
and I will tell you right now, I am super sad to see

418
00:29:23.640 --> 00:29:26.599
Lost Spirits go because I never got
a chance to experience it. Yeah,

419
00:29:27.079 --> 00:29:32.599
but you know spirit I didn't get
to see that. Yeah I know,

420
00:29:33.359 --> 00:29:36.720
but but you know, at the
same time, they have, uh,

421
00:29:37.559 --> 00:29:41.279
what is it? The ones who
break the mold really very rarely make the

422
00:29:41.319 --> 00:29:45.720
bus. They're the one person that
makes the money exactly. So so John

423
00:29:45.759 --> 00:29:49.640
Wick, you know there will because
Lost Spirits failed basically also, and that

424
00:29:49.759 --> 00:29:53.000
will be you know you know what
I mean, Like, well, yeah,

425
00:29:53.079 --> 00:29:57.039
I'm not I'm not as drawn into
ips. I won't necessarily be.

426
00:29:57.160 --> 00:30:00.440
Oh I got to see John Wick. I would have much rather personally,

427
00:30:00.599 --> 00:30:07.240
I would have much rather seen Law
Spirits. But that's that's just me and

428
00:30:07.759 --> 00:30:11.359
I'm not necessarily the Vegus demo.
But I think it's I think it's important

429
00:30:11.400 --> 00:30:14.599
to recognize that when these things go
away, Yes, it's sad to see

430
00:30:14.599 --> 00:30:17.640
them go away, but and I
know that there's a lot of people who

431
00:30:18.400 --> 00:30:19.960
for who are friends of ours.
And Matt was the one who brought it

432
00:30:21.039 --> 00:30:25.880
up. You know, our friend
Matt from Florida here, and it's because

433
00:30:26.240 --> 00:30:29.599
you know, we all know people
in these shows who are performers who are

434
00:30:29.599 --> 00:30:33.319
losing their gigs. And that's where
I think we flinch and we get that

435
00:30:33.319 --> 00:30:37.359
little twinge. But I think it's
important to recognize that it's Vegas and something

436
00:30:37.440 --> 00:30:41.000
is going to replace it. Now
will it employ you know, will it

437
00:30:41.079 --> 00:30:45.920
employ twenty people or will it employ
sixteen people? The discussion we were just

438
00:30:47.039 --> 00:30:51.640
having, and it has to remain
a it has to remain business viable in

439
00:30:51.759 --> 00:30:55.960
order to continue to be a successful
artistic venture. You know, people often

440
00:30:56.000 --> 00:30:59.519
say when they have me designed stuff, I'm like, what is your modicum

441
00:30:59.519 --> 00:31:03.039
of or what your measure of success
is it you have to make x amount

442
00:31:03.079 --> 00:31:07.319
of profit? Is it that it
is sustainable so that it contributes to something

443
00:31:07.319 --> 00:31:11.000
else that you're doing. Is it
just to raise attention, just to raise

444
00:31:11.039 --> 00:31:15.680
awareness of your organization? Because those
are very different approaches when you look at

445
00:31:15.680 --> 00:31:21.480
things like this and you know,
Vegas, it's because they're again still trying

446
00:31:21.519 --> 00:31:26.000
to figure out overall what happens after
COVID, and so things have to close

447
00:31:26.160 --> 00:31:30.559
for new things to open. Things
have to trees in the forest have to

448
00:31:30.599 --> 00:31:33.000
die for new trees to grow.
So I don't want us to discount very

449
00:31:33.000 --> 00:31:37.559
briefly here, I don't want us
to discount a few things. One the

450
00:31:37.640 --> 00:31:41.000
references all these people made to like
business models that could be what Scott's talking

451
00:31:41.000 --> 00:31:42.440
about, where like maybe it was
just too many people to be sustainable.

452
00:31:42.799 --> 00:31:48.640
Another thing I think, don't underestimate
the power of marketing, which would be

453
00:31:48.680 --> 00:31:52.880
ip. You know, none of
these things were things that were well known

454
00:31:52.279 --> 00:31:59.160
and also evermore, it's like,
you know, what the masses, you

455
00:31:59.160 --> 00:32:00.680
know, like to go on rides
and things you know that there are I

456
00:32:00.680 --> 00:32:02.759
think you know, so it's one
of those things where like it might not

457
00:32:02.839 --> 00:32:07.519
have been appealing enough and any any
of these to the mass audiences, and

458
00:32:07.559 --> 00:32:08.839
that would be where the IP comes
in. And the last point I want

459
00:32:08.839 --> 00:32:13.359
to make is the foot traffic.
Also, do not underestimate the foot traffic

460
00:32:13.400 --> 00:32:17.359
because Area fifteen is still struggling with
their foot traffic. And last Spirits distillity

461
00:32:17.440 --> 00:32:22.880
was not not in the main complex, it was like on the other side

462
00:32:22.920 --> 00:32:27.240
of it. So I think foot
traffic also. I think all these things,

463
00:32:27.240 --> 00:32:30.920
and I to Scott's point about the
second people coming in, You know

464
00:32:30.960 --> 00:32:32.640
what, Universal is going to increase
the foot traffic there. And by the

465
00:32:32.640 --> 00:32:35.880
time the Universal comes in there,
John Wick is going to be there and

466
00:32:35.920 --> 00:32:38.119
it's going to be an IP that's
not going to conflict with horror. So

467
00:32:38.960 --> 00:32:43.599
right, and Vegas and Vegas and
Vegas has done this over and over again.

468
00:32:43.680 --> 00:32:47.319
There was a time where downtown before
the Strip, downtown was the place

469
00:32:47.359 --> 00:32:50.599
to go. Then the Strip took
all their money, all the all the

470
00:32:50.640 --> 00:32:54.960
foot traffic away and and the and
downtown went wanh whah and then now downtown

471
00:32:55.000 --> 00:32:59.480
has has reinvigorated itself. It's come
back, it's built back. Area fifty

472
00:32:59.480 --> 00:33:02.240
one is the same shore the Dutch
Mine. But yes, yes, speaking

473
00:33:02.240 --> 00:33:05.400
of things closing, it's time for
us to close this show because we've gone

474
00:33:05.440 --> 00:33:07.839
way over. So thank you so
much. Thank you Matt for your questions.

475
00:33:08.720 --> 00:33:14.680
I hope we've wet your whistles so
that you can feel as though we've

476
00:33:14.720 --> 00:33:19.640
discussed and I won't say answered,
but at least discuss your question. And

477
00:33:19.759 --> 00:33:22.319
for the rest of you, thank
you for listening, and we will see

478
00:33:22.359 --> 00:33:24.839
you next week here on Green Tagged
theme Park in thirty