April 8, 2024
Halloween Horror Nights Dates & Iger's Pushback
Universal Orlando made history by announcing that Halloween Horror Nights will begin on August 30th, while select Unmaking the Horror tours will start on August 11th - this is one step closer to the three-month Halloween window Theme parks have been...
Universal Orlando made history by announcing that Halloween Horror Nights will begin on August 30th, while select Unmaking the Horror tours will start on August 11th - this is one step closer to the three-month Halloween window Theme parks have been vying for decades. Meanwhile, Bob Iger pushed back against shareholders questioning whether Disney is prepared for Epic Universe.
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Los Angeles and Tampa. This is
Green Tag Theme Park in thirty. I'm
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Philip and I'm joined as always by
my glorious co host Scott Twinson. Oh,
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Scott Swinson, Creative Development, Scott, Philip and his glorious coast.
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I like that that's the new name
of the show, Folk Philip and his
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glorious cost Scott. It is April, which of course means that Hallowey announcements
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are beginning to roll in and we're
just going to continue to see them come
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out. I mean we I think
a few people got it a head start
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with the twelve foot tall skeleton dog
now that's coming out. But there are
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Let's be honest, Philip, there
are people, and quite honestly, people
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like you who who There's always it
can be. It can be November first,
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and there's a Halloween announcement coming out
for the following year. I mean,
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let's face it, you look deep
enough, you can find it.
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But this one's a pretty big.
Yes, everyone's been talking about this one.
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So of course, Halloween Horn Night's
in Orlando has annown their dates and
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they are returning for select nights from
August thirtieth through November third and of course,
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the schedule as it is now is
mostly every Wednesday through Sunday, so
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only being dark Monday and Tuesday.
Even in that first week, so the
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first weekend of September, it's still
going to be happening on Wednesdays there.
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And the other big change we saw
this year is that they're going to be
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doing the Unmasking the Horror Tour available
starting August eleventh, So the Unmasking the
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Horror Tour, which will be available
in I believe three houses for the first
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portion, so from August eleventh through
the thirtieth, you're going to be able
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to tour the hind houses that are
not yet open. I have a questioned,
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Scott, do you do you think
the tech team was happy about that
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when they read that, because I'm
sure they weren't told ahead of time.
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I'm sure. I'm almost certain they
weren't told ahead of time. Yes,
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I think you're absolutely right. Well, so it's it's kind of a blessing
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and a curse at the same time. It's a blessing in the fact that
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when you spread out the install of
an attraction like this, or of a
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seasonal attraction like this, it does
actually make it a little bit easier because
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you don't have ready basically well,
and it forced you to be ready with
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three houses first and then the remaining
houses come later, so you can you
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can spread out your install process.
It also, quite honestly means that people
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who used to be only seasonal are
now full time because you know, the
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Halloween, the Halloween season just keeps
growing and growing and growing. And I
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can remember when it was a hard
push, hard push to say, well,
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we're going to start in September.
No one wants to see Halloween in
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September. And now we're starting,
you know, a full month, full
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two months before the end of September. So yeah, it's we're getting closer
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and closer to year round Halloween.
And I and I and I think that's
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fine. I think that it's going
to eventually saturate the market and the pendulum
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will swing back. But I think
there is more and more viability and you
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know, Horronites. If anyone can
do it, Hornites can do it.
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So it's one of those situations where
they're there as go Hornites, so goes
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the rest of the theme park con
industry, or at least they certainly lead
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the way because again they've got the
cloud to do it. Are they always
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the best theme park count Not necessarily, but they have the longevity, they
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have the power, they have the
fan base who you know, who will
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go whether it's good or not.
And so yeah, if we were just
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just before you know, we started
recording, we were talking about if it
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makes money. You know, if
it makes money, there's a good reason
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to do it. So so let's
just hope that it continues to generate revenue.
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And clearly it is or they wouldn't
be doing it. Yeah, they've
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got the clout and it's a it's
just going to make it so that the
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uh that it's going to it's going
to continue to lead the way for the
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rest of the hunted attraction market or
this even the seasonal entertainment market. But
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what I do find interesting is Halloween
can continue to grow, but Christmas can't.
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And the reason Christmas can't is because
Halloween. They can't go. They
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can't start Christmas before Halloween. Yep, you know it's so that it's we're
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going to continue and I think that's
why we're seeing Halloween continue to get earlier
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and earlier each year, is not
only is there a market for it,
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but also the fact that it can
you know, there's nothing, there's nothing
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over the summer that's going to say
if it backs up to July fourth.
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Okay, maybe that's gone a little
bit too far, but I could see
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it happening, and I could see
the fourth being the kickoff. So I,
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as I've said before, I do
think that I ideally what everyone would
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want, as in like all of
the businesses, what those peop would want
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is like a nice three month for
each season, So you would have three
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months for Halloween and three months ideally
for Christmas, you know, just because
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you can do us. I mean, look at the food festivals that we
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look at the Epcot food and why. I mean, you know, you
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really want to stretch it as long
as you can to get people time to
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get there. I mean not the
smaller places right like to your point,
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places that have the scale want it
to be longer because they're gathering an audience
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from wider and those people have you
know, they want to give them more
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time to get there. So I
do think that again, I don't know,
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give it like props to Universal.
I mean Universal. Every year we
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talk about what they are trying and
what they are doing. Really paves the
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way for the rest of the industry. And you know, I'm not sure
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to my knowledge, this has been
done before on this scale of a park
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where you are doing BTS tours two
three weeks before the thing itself opens.
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I mean in a haunt like this, like that is like you know,
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there's off seat and tours of course, and there's screen break and there's those
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things. But this is a pretty
big thing. And to me, what
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it is is they're looking to see, can we start can we make all
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of August Halloween? And that would
give us the three months that we ideally
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want in order to justify you know, the longer budgets and the year round
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team like you just like all these
things like and that would if it works,
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that that would be incredible, I
think for the industry to have that
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work out. And it's also marketing, right, it's the same thing we
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I'm sure they're going to do.
Remember last year we talked about the Taste
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of Terror that they started on August
eleventh last year, so same date.
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And I think it is marketing also
because you have people taking pictures and showing
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off how great the house is and
how cool it looks and everything you know.
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It's also it's also a playing with
the books a little bit too.
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When you've got a huge capital investment, you want to amortize it over the
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longest period you possibly can, and
you want to be generated. You want
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your capital dollars to be generating revenue
as long as you possibly can, so
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in order to justify higher budgets,
which we need to meet guest expectations for
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these larger events. In order to
meet the higher budgets, you have to
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sit down on paper and say,
all right, well instead of instead of
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just making money on it for the
month of October and a week in September
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or two weeks in September or September
in October, now it's gotten to the
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point where we have to say,
okay, well we're going to start it's
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going to start paying us back in
August, you know, kind of going
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back to what you were saying with
the needing the three months. You know,
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I think back to my days in
retail, and I was always shocked
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that we would start to receive because
I used to work in the receiving department
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at a major department store in Chicago, and we would start to receive Christmas
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in August, we would start to
receive Christmas ornaments, Christmas promotional stuff.
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All of that came in in August, and I was like, wow,
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this is why too early. But
you know it's no different. It's no
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different than what we're talking about here. You just need to be able to
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justify that that spend with the understanding
that you can get it all set up
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and ready to go and start promoting
it as early as possible. And on
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the Christmas point, I do believe
that if they you know, I do
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believe we're going to see it move
into January. Like actually, I think
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that's a trend. I think we
saw it last year with some of the
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again at Universal, some of the
offerings going until January seventh. You know
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that's not January first, right,
I mean, like, I think that
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this year I could see possibly some
places and doing something until January fourteenth or
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January sixteenth, or somewhere in that
like mid range. And then, like
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you said last year, with a
lot of your clients, you know,
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it's really easy for them to say, we're going to have Santa's gonna be
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here until December twenty fifth, and
after December twenty fifth, we're going to
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be open until January thirtieth, even
and it's going to be winter. Santa
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won't be there because he's back at
the North Pole, but you're still going
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to have, you know, the
rest of the parade with the snowflakes and
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the snow and all this kind of
stuff, the snow manner all be there.
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But Santon is Rainier going to be
gone. I mean, like I
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I think that that's coming. I
think that's something. Well, it's it's
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here. It's not coming, it's
here. I have clients already who are
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saying, we want to shy away
from Christmas and move more towards winter so
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that we can make our winter,
our winter festival go into January, because
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January now has become the new the
new slump shoulder season, so they have
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to figure out ways to fill that
now before they start getting into spring break.
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So there's there's there, there's that
dilemma. I also have clients who
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have who have made the decision that
all of the the all the hard goods
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that they purchase, all the lighting, all of that sort of thing is
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going to stay after Christmas. But
all the live entertainment stops at Christmas.
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So as you say, Santa Elves, various other more Christmas centric performance elements
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will end at Christmas and then they'll
extend into the first week of January because
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then people can still come out and
see the lights. Yeah, and that's
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very similar the inverse to what Universal
is suggesting here, where they're like,
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we're only going to have the three
house behind the scenes tour again, no
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actors in the entertainment. You know, it's a it's a three per it's
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a three house behind the scenes tour. So it's the inverse, right,
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So like, we can't we're extending
in the inverse direction, but we're doing
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it just a stripped down version.
Well you can't, so Christmas, Christmas
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can't go before Halloween, and Halloween
can't go too far into Christmas. You
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have that that sort of card land. Yeah, you have that no man's
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land in there, that November no
man's land that you have to kind of
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play with. And so they're extending
where they can without the human beings,
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with just the hard goods, with
just the scenic and the lighting and the
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audio, and Christmas is extending the
other way without the labor costs of the
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live performers. And so yeah,
it's It's interesting to see that that parks
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and attractions are trying to push the
limits as to how early can we start
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Halloween and how late can we go
with Christmas slash Winter holidays. Yeah,
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the last little bits I wanted to
just bring up here is there's only four
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ticket options that have been announced right
now that you can buy, and of
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course where that's going to change,
because that's how it always works. There's
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going to be a multi night ticket
come out late. I'm sure they haven't
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said, you know, I'm I'm
going off the script. I'm going off
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the script here as to what's been
officially announced. But to give me credit,
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I think I was one of the
first people to break it, like
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I broke the dates before Universal did
so, just you know, credits.
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But I'm just saying, most likely
we're going to see different the different ticket
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options drop, and we'll see how
they change the pricing when those ticket items
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drop. I think we're also going
to see them extend the schedule, not
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into November per se, but more
like fill in those Monday tuesdays of the
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last few weeks, depending on how
capacity goes. That's always how they do
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things right, gives them wiggle room, so we could see it right now.
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It's about the same run as last
time. We'll see if it extends
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to over fifty nights with them,
and they'll use their algorithm for for ticket
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sales to decide how many of those
Monday tuesdays they need to fill in.
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Yeah, the dates for Hollywood have
not been announced yet, but I have
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heard from a few people off the
record, and you know, some predictions
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that it will be like the next
week, which is always is that's not
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a surprise, but it would be
the week after, so probably September fifth
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through November a little bit this year, which would be different for Hollywood cause
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Hollywood doesn't tend to go that far. Again, more of a local more
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of a local attraction mentality than a
national attraction attraction mentality. Yes, exactly
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exactly. And then I think it's
important for us to all keep in mind
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also that I don't expect this year
to be great. And the big reason
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is, as we've talked about before, I think another reason. One,
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I think a reason where it's not
going to be incredible, but two a
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reason another reason why I think they
want to incentivize the team to finish these
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houses early is because most of their
creatives are still working on Epic, which
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is behind. They won't say it's
behind, but we all know it's behind
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because it's always behind, right,
stuff is always behind, like perpetually.
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So you know, in mind that
like the same teams, you know,
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it's the same group of teams creatives
that are you know, kind of running
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between different spaces, right, So
it's it's universal is managing a lot right
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now like that, just the whole
team has a lot on the plate between
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what's going on with the year round
horror insulation and what's going on with Epic
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and then trying to launch this thing. So I think I think that's another
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reason, right, You're they're trying
to spread it out as much as you
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can because they need not only they
need to justify the investment compared to the
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time on Epic, but also the
creatives, the individual creative team leaders,
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their time you know, is stretched
then. So yeah, I can see
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that, I can see that.
I think we're also going to see a
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little bit of a you know,
we've we've used this term since the beginning
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of COVID and we always have said
it's going to come. I think this
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year we're going to start to see
more of a normalization. I think maybe
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started to see a little bit last
year. I think we're going to see
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it even more this year, so
that you know, the big rush of
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oh my gosh, I got to
get out and do stuff. I think
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we're going to see that starting to
ebb just a little bit. And I
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now I could be wrong. I
could be wrong, But my guess is
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that those earlier dates are going to
be after the first weekend, where you
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know, you get all the fanboys
and girls who absolutely have to be the
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first one to see everything, in
the first one to report on everything,
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in the first one to get content
on everything. But so you'll be there,
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Philip, But I already have my
plane books there you go. Ready.
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But but I think we're going to
see that in those earlier you know,
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those August dates, that it's going
to be a little bit more manageable,
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simply because I actually think that we're
gonna we're going to start seeing the
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attendance level off a little bit more
back to it's what is quote unquote normal
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or regular for an event like this. But we'll see. Yeah, Okay,
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well let's move over to Disney.
So Iger gave a shareholder. During
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the annual the twenty twenty four Q
and a segment of the shareholders meeting,
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a shareholder asked Iiger about Dizzy not
being prepared for Epic Universe's arrival. And
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we did talk about this a little
bit last week when we talked about the
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isle of Burke, and so basically, I think, of course, all
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these things are planned, right.
I think maybe the misperception I think the
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mainstream media has is like assuming it's
all done like in a vacuum, but
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it's definitely not. Like the the
announcement I think was definitely planned to drop
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before the shareholder announcement of Disney in
order to like, this is all orchestrated
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in a way because the companies know
you know, you know what I mean,
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they all know each other, so
it definitely is orchestrated. And I
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do think that it was all planned
where Igear was going to have to be
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on stage, you know, on
the facing shareholders discussing the company immediately after
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the announcement of Burke. I think
that was that was definitely planned. So
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it should be not really a surprise
that any of this was asked. But
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essentially he did, he did kind
of have to defend against you know,
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what is he doing to not being
prepared for epic universus And what he said
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was, I want to remind you
of a few things that Disney World introduced
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over the past decade, citing projects
as Pandora World, Avtar torstory Land,
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Star Wars, Galuc's Edge, Mickimage
Run a Railway Tron ongoing transformation. By
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staggering these major launches over time,
rather than having to do it all at
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once, Disney, in essence built
what amounts to the equivalent of the university.
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Addressing the shareholders directly, Iker mentioned
how a recent agreement between the Disney
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and the Central Florida Tourism Board,
which we discussed last time, will enable
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us to pursue the kinds of significant
investment in our Florida parks that you're talking
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about. He made also reference again
to that sixty billion dollars investment that we've
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also talked about, and he teased
that something something didn't say what, but
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the size of Star Wars is coming
to the Magic Kingdom as an expansion beyond
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one of the areas. He also
during the call revealed concept art for the
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Avatar at Disneyland. That's fine My
take on this is that again I'm not
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sure it matters because it's exactly what
we talked about last time, where it's
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like Isle of Burke is genius to
announce first because it is the best in
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the world at what it is,
and it's not another thing. Here's the
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problem. The problem with Avatar is
just another Avatar, and it's going to
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be you know, California's version of
Avatar. It's going to be locked into
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comparing against something else that already exists. And here's the problem with in my
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view, here's a problem with Eiger's
argument is that it's the same struggle that
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ironically or not, haunted houses have. Every haunt I talk to every year,
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thousands of interviews, you know what
they all tell me. They tell
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me, well, every year we
remodel fifty percent of our haunts, so
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it's a whole new haunt. So
you should want to come every year because
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it's a whole new haunt. The
customers don't care, you know what I
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mean. Like, that's the reason
why the haunts have transitioned over to a
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screen park mentality where instead of you
know, redoing quote unquote redoing you know,
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half of your haunt you just build
a new haunt and then you have
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two haunts, and you know what, they're really excited because you have two
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haunts and they don't remember what the
old haunts from last year because they're customers
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and they don't remember shit. Like
it's you know, it's it's like,
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I think that's the big flaw in
the announcement here is that they're He's right,
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you know, in that they have
launched a lot of stuff, but
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it's more like they've just been filling
out the theme parks that they have to
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make them full day experiences, which
is not the same thing as making a
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whole new theme park. Like I'm
sorry, ire, it's not like it's
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not And maybe the better strategy for
you this whole time would have been to
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build a smaller theme park and you
know, make Animal Kingdom smaller from the
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get go, so it's more walkable
and it's still a full day experience by
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adding, oh, I don't know, live entertainment. There's a thing called
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live entertainment that could make a park
feel like it's a full day And then
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you add another park, and then
you have five parks. I mean,
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like, it's not I think the
nuances to be honest, I understand what
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Iiger's saying. I believe the nuances
are lost on the average consumer and even
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on the average on like on like
the minority shareholder. To be honest,
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I really don't think that. Like
it's again, it's difficult because he's correct.
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You know, I'm sure if you
take the square footage of all the
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things they've added, I'm sure someone
at Disney has done this, someone is
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paid to have gone and fact checked
the size and say it's the same size.
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I'm sure. But it kind of
doesn't matter, you know, like
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it's it's still not a new theme
park. Okay, but I'm gonna I'm
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going to disagree to a little to
a certain extent here. This is.
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This is what our guests. This
is when our listeners usually like it because
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because daddy and daddy disagree. So
here's the here's the story. You know,
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there's always going to be someone who's
opening a new park. It's always
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going to happen always. And you
know, when Galaxy's Edge came in,
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somebody could have gone to Universal and
said, you weren't prepared for them to
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do Galaxy's Edge because they're doing Galaxies
Edge and everybody wants to go see Galaxies
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Edge. I'm sure they did.
And in Florida about it. In Florida,
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you still you gotta you've got to
plan like within inches of your life
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in order to see that attraction.
It's still that popular. It is still
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that popular. So you know that
as far as some of the other stuff,
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uh, tron cycle was a huge, huge deal in Florida, I
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totally get that. And here's my
guess. You know, they've already in
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Florida, they've already filed the land
usage something or others for what they're loosely
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calling Beyond Splash Mountain. So it's
where they're building. It is Beyond Splash
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Mountain. And I think about the
time, oh, I don't know,
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about the time Epic starts to hit
heavy with their opening and their opening announcements,
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that Disney is going to come out
and say, and we're going to
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have We're going to take and and
add another third to to Magic Kingdom,
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making our making our park, you
know, making the favorite park in the
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country even bigger, even more or
even better. Now does it compare to
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a New Gate Maybe maybe not.
But the business models for the business model
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for Disney is different, and clearly
the business model for Epic is different because
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it's not really even connected to universal
property. You know, you have to
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leave in essence, leave property in
order to go to Epic if you're staying
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on universal property based on where it's
situated. So I think, I think
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Disney's going to be just fine.
And the other thing you have taken into
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consideration. When a new park opens
in Florida, all parks do well.
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There is a spillover effect because people
will travel to go see Epic Universe and
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they'll be like, oh, well, we're in Orlando. I mean,
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Philip, I know you do that
when you come to Orlando. You come
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for a specific thing, and you
end up going to two other parks just
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because you're here. And it happens
all the time, even over in Tampa
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Bush Gardens when when Animal Kingdom opened, we were terrified because I was still
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working at Bush Gardens at the time. We were terrified that an animal theme
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theme park was opening by Disney in
Orlando, and we thought, oh,
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we're screwed. And truth be told, it was. It was a record
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breaking year for us because it just
brought more people to the area. So
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I think that this is you know, as you say, a subtlety that
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is lost on the on the stockholders. I think it's going to I think
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everything's going to be just fine.
I don't think Disney has to do another
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park. I mean, if every
time somebody did a new park, a
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competitor had to open a new park
with a new gate, then Florida would
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you know, the I four Corridor
would be nothing but theme parks and it
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would be even worse to drive on
than it is right now. So it's
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you know, you gotta you gotta
look at this from a logistics standpoint too.
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Again, is it more cost effective
to open a brand new, full
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out theme park. Is that more
cost effective? Or is it more cost
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effective to add a new Galaxy's Edge, a new you know, excitement to
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an existing park which already has the
infrastructure, and you know, you don't
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have to make as much, you
don't have to make as much to offset
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the cost of building a completely new
park. I mean, the pendulum is
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going to go back and forth,
and I don't want quite honestly, I
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don't want Bull Florida parks, both
Florida major chains. I'm taking SeaWorld out
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of the game for the moment.
But I don't want the two major parks
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two open parks at the same time, because that's just chaotic and it's unnecessary
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competition. As you said earlier,
these guys know what they're doing, what
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each other, they know what's happening, and they don't want to go head
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to head. They don't want to
open Beyond Splash Mountain and Epic at the
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same time. What they want to
do is announce Beyond Splash Mountain when Epic
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is opening, in hopes that they
can perhaps delay some national or international travelers
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to wait and not come to Epic
until after the Disney expansion opens. So
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again, he is he prepared?
Yes, I think he's totally prepared.
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I think Disney is completely prepared.
And I think that the comment, the
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comment of saying, you know you
weren't prepared, You weren't you weren't ready
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for this giant park to open.
It's not like he didn't know was coming.
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We all have known it was coming, and to his point, he
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has Disney has continued to make their
uh to make their product more appealing and
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more returnable. I do think I
think I agree with some of your points
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on there, and if anything,
I think that, like Iiger's answer is
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like, I think I like your
answer more than Igres. I don't know.
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I don't know, but I think
I kind of explained it. I
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mean, I think that's what he's
trying to say. I think what he's
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trying to say is it can because
he doesn't. You know, in a
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in a press situation, especially when
you are the guy in charge of Disney,
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you know, you don't want to
start mentioning. You don't want to
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start basing your answer on your competitor. Yeah, you know, you have
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to have you have to keep saying
yes and what you're doing as opposed to
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well, we knew this big park
was coming and there was not a darn
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thing we could do about it,
so we decided to make our You know,
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it sounds wimpy when you explain it
that way, because everybody wants,
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you know, newer, bigger,
faster. Well, it's definitely. Uh,
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they definitely work together much more than
I think the shareholders and even the
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general public understand how they work together. And then it's definitely planned to your
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point for them to capture each other's
audiences, to ping pong back and forth.
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Is that is that is by design
folks, in case you know didn't
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know, it's definitely by design.
And I do think the thing to underline
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in what you said is that the
business model is different. So like I
376
00:26:49.240 --> 00:26:53.799
maintained my point that wants every dime, Disney wants every dime from the moment
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you hit Florida. Well, yes, so I think the business models are
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different. So I think I maintain
my point that for the general audience,
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the optics of new theme park is
definitely more exciting than like New Land,
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even if they're the same footprint.
And that's the optics that Haunt House has
381
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been fighting for decades. However,
in even theme park cons right where they're
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like we're ating a new like ten
hundred houses this year, it's like,
383
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well they're three thousand square foot and
you know some anyway. But I agree
384
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to your point that the business models
are different in that, like Disney World
385
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has the infrastructure already, so much
infrastrut are already in place, it makes
386
00:27:33.640 --> 00:27:37.279
less economic sense for them to add
another gate because there's so much infrastructure in
387
00:27:37.279 --> 00:27:42.160
place already to handle the existing crowds. It's much easier and more profitable per
388
00:27:42.160 --> 00:27:48.000
person, way more profitable per person
to extend a bit of the park and
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get more FMB sales and more food
sales and whatever, and draw more attendance
390
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to a park than it is to
build a whole new park, Like why
391
00:27:53.559 --> 00:27:57.599
would you do that? Because these
are massive structures, I mean, so
392
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much larger than Disneyland. Like,
you know, it makes more sense to
393
00:28:02.160 --> 00:28:07.559
build addition stuff other places where you
have less of a footprint economically, and
394
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it makes the counterpoint to Universal is
that Universal doesn't have as big a footprint
395
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really anywhere, and compared to Disney, I mean, like the at least
396
00:28:15.640 --> 00:28:22.000
looking at Hollywood, at least domestically, when you're looking at Hollywood and Florida,
397
00:28:22.599 --> 00:28:25.920
it's still not nearly as large as
what they have. Family Park pop
398
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up and the Universal Monsters pop up
in Vegas, and they're definitely going in
399
00:28:32.400 --> 00:28:37.920
comparison to parks, you know,
to me, the Universal story and the
400
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Family Park, that's what is I
think more comparable to Eiger's approach, which
401
00:28:44.279 --> 00:28:45.559
is, you know, we're opening
these other things. The only problem is
402
00:28:45.559 --> 00:28:48.200
they're doing them. They're doing them
all over the country, so they can't
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00:28:48.759 --> 00:28:53.200
experience them all at the same time. You know, I'm excited about Epic
404
00:28:53.240 --> 00:29:00.319
but I will say that in Florida, the buzz about Epic is it's going
405
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to be good. It's not going
to be epic, and I'm curious to
406
00:29:04.119 --> 00:29:07.680
see whether that is true or not. Well, we talked about it,
407
00:29:07.720 --> 00:29:10.480
I mean, just the logistics of
opening it, right, It's like,
408
00:29:11.960 --> 00:29:15.680
you know, there's there's a The
Universal team has taken on a lot of
409
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projects, you know, and now
that they have the reputation of being Disney
410
00:29:19.920 --> 00:29:25.839
quality, that's that's build which they
had to build. Yeah, that is
411
00:29:26.759 --> 00:29:29.920
a bonus and a weakness as well, because if you're trying to just like
412
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Disney. I mean, everyone jokes
about how slow Disney is, but this
413
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is the reason they are slow is
because they have to make sure the quality
414
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is there. They have to put
it through QC testing, and it takes
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time and resources to QC testuff I
don't you don't want to say it just
416
00:29:42.680 --> 00:29:47.279
does. Yeah, you know,
if we had more time, we could
417
00:29:47.319 --> 00:29:49.079
quality control test this show, but
we don't. We only have thirty minutes,
418
00:29:49.119 --> 00:29:53.559
which by the way, is up
so on behalf of Philip Bernandez and
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00:29:53.599 --> 00:29:56.960
myself Scott Swens, and this has
been green tag thee market thirty and one
420
00:29:56.960 --> 00:30:02.400
of the lamest transitions into an outro
I have ever done. It was pretty
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bad, but anyway, we're glad
that you're still listening, at least up
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until this point, and hopefully we'll
see you again next week
1
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Los Angeles and Tampa. This is
Green Tag Theme Park in thirty. I'm
2
00:00:04.879 --> 00:00:09.359
Philip and I'm joined as always by
my glorious co host Scott Twinson. Oh,
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00:00:09.439 --> 00:00:15.919
Scott Swinson, Creative Development, Scott, Philip and his glorious coast.
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I like that that's the new name
of the show, Folk Philip and his
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glorious cost Scott. It is April, which of course means that Hallowey announcements
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are beginning to roll in and we're
just going to continue to see them come
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out. I mean we I think
a few people got it a head start
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with the twelve foot tall skeleton dog
now that's coming out. But there are
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Let's be honest, Philip, there
are people, and quite honestly, people
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like you who who There's always it
can be. It can be November first,
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and there's a Halloween announcement coming out
for the following year. I mean,
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let's face it, you look deep
enough, you can find it.
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But this one's a pretty big.
Yes, everyone's been talking about this one.
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So of course, Halloween Horn Night's
in Orlando has annown their dates and
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they are returning for select nights from
August thirtieth through November third and of course,
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the schedule as it is now is
mostly every Wednesday through Sunday, so
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only being dark Monday and Tuesday.
Even in that first week, so the
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first weekend of September, it's still
going to be happening on Wednesdays there.
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And the other big change we saw
this year is that they're going to be
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doing the Unmasking the Horror Tour available
starting August eleventh, So the Unmasking the
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Horror Tour, which will be available
in I believe three houses for the first
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portion, so from August eleventh through
the thirtieth, you're going to be able
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to tour the hind houses that are
not yet open. I have a questioned,
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Scott, do you do you think
the tech team was happy about that
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when they read that, because I'm
sure they weren't told ahead of time.
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I'm sure. I'm almost certain they
weren't told ahead of time. Yes,
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I think you're absolutely right. Well, so it's it's kind of a blessing
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and a curse at the same time. It's a blessing in the fact that
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when you spread out the install of
an attraction like this, or of a
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seasonal attraction like this, it does
actually make it a little bit easier because
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you don't have ready basically well,
and it forced you to be ready with
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three houses first and then the remaining
houses come later, so you can you
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can spread out your install process.
It also, quite honestly means that people
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who used to be only seasonal are
now full time because you know, the
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Halloween, the Halloween season just keeps
growing and growing and growing. And I
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can remember when it was a hard
push, hard push to say, well,
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we're going to start in September.
No one wants to see Halloween in
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September. And now we're starting,
you know, a full month, full
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two months before the end of September. So yeah, it's we're getting closer
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and closer to year round Halloween.
And I and I and I think that's
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fine. I think that it's going
to eventually saturate the market and the pendulum
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will swing back. But I think
there is more and more viability and you
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know, Horronites. If anyone can
do it, Hornites can do it.
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So it's one of those situations where
they're there as go Hornites, so goes
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the rest of the theme park con
industry, or at least they certainly lead
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the way because again they've got the
cloud to do it. Are they always
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the best theme park count Not necessarily, but they have the longevity, they
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have the power, they have the
fan base who you know, who will
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go whether it's good or not.
And so yeah, if we were just
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just before you know, we started
recording, we were talking about if it
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makes money. You know, if
it makes money, there's a good reason
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to do it. So so let's
just hope that it continues to generate revenue.
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And clearly it is or they wouldn't
be doing it. Yeah, they've
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got the clout and it's a it's
just going to make it so that the
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uh that it's going to it's going
to continue to lead the way for the
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rest of the hunted attraction market or
this even the seasonal entertainment market. But
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what I do find interesting is Halloween
can continue to grow, but Christmas can't.
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And the reason Christmas can't is because
Halloween. They can't go. They
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can't start Christmas before Halloween. Yep, you know it's so that it's we're
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going to continue and I think that's
why we're seeing Halloween continue to get earlier
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and earlier each year, is not
only is there a market for it,
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but also the fact that it can
you know, there's nothing, there's nothing
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over the summer that's going to say
if it backs up to July fourth.
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Okay, maybe that's gone a little
bit too far, but I could see
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it happening, and I could see
the fourth being the kickoff. So I,
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as I've said before, I do
think that I ideally what everyone would
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want, as in like all of
the businesses, what those peop would want
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is like a nice three month for
each season, So you would have three
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months for Halloween and three months ideally
for Christmas, you know, just because
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you can do us. I mean, look at the food festivals that we
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look at the Epcot food and why. I mean, you know, you
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really want to stretch it as long
as you can to get people time to
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get there. I mean not the
smaller places right like to your point,
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places that have the scale want it
to be longer because they're gathering an audience
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from wider and those people have you
know, they want to give them more
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time to get there. So I
do think that again, I don't know,
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give it like props to Universal.
I mean Universal. Every year we
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talk about what they are trying and
what they are doing. Really paves the
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way for the rest of the industry. And you know, I'm not sure
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to my knowledge, this has been
done before on this scale of a park
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where you are doing BTS tours two
three weeks before the thing itself opens.
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I mean in a haunt like this, like that is like you know,
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there's off seat and tours of course, and there's screen break and there's those
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things. But this is a pretty
big thing. And to me, what
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it is is they're looking to see, can we start can we make all
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of August Halloween? And that would
give us the three months that we ideally
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want in order to justify you know, the longer budgets and the year round
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team like you just like all these
things like and that would if it works,
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that that would be incredible, I
think for the industry to have that
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work out. And it's also marketing, right, it's the same thing we
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I'm sure they're going to do.
Remember last year we talked about the Taste
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of Terror that they started on August
eleventh last year, so same date.
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And I think it is marketing also
because you have people taking pictures and showing
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off how great the house is and
how cool it looks and everything you know.
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It's also it's also a playing with
the books a little bit too.
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When you've got a huge capital investment, you want to amortize it over the
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longest period you possibly can, and
you want to be generated. You want
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your capital dollars to be generating revenue
as long as you possibly can, so
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in order to justify higher budgets,
which we need to meet guest expectations for
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these larger events. In order to
meet the higher budgets, you have to
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sit down on paper and say,
all right, well instead of instead of
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just making money on it for the
month of October and a week in September
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or two weeks in September or September
in October, now it's gotten to the
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point where we have to say,
okay, well we're going to start it's
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going to start paying us back in
August, you know, kind of going
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back to what you were saying with
the needing the three months. You know,
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I think back to my days in
retail, and I was always shocked
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that we would start to receive because
I used to work in the receiving department
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at a major department store in Chicago, and we would start to receive Christmas
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in August, we would start to
receive Christmas ornaments, Christmas promotional stuff.
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All of that came in in August, and I was like, wow,
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this is why too early. But
you know it's no different. It's no
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different than what we're talking about here. You just need to be able to
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justify that that spend with the understanding
that you can get it all set up
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and ready to go and start promoting
it as early as possible. And on
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the Christmas point, I do believe
that if they you know, I do
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believe we're going to see it move
into January. Like actually, I think
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that's a trend. I think we
saw it last year with some of the
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again at Universal, some of the
offerings going until January seventh. You know
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that's not January first, right,
I mean, like, I think that
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this year I could see possibly some
places and doing something until January fourteenth or
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January sixteenth, or somewhere in that
like mid range. And then, like
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you said last year, with a
lot of your clients, you know,
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it's really easy for them to say, we're going to have Santa's gonna be
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here until December twenty fifth, and
after December twenty fifth, we're going to
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be open until January thirtieth, even
and it's going to be winter. Santa
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won't be there because he's back at
the North Pole, but you're still going
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to have, you know, the
rest of the parade with the snowflakes and
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the snow and all this kind of
stuff, the snow manner all be there.
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But Santon is Rainier going to be
gone. I mean, like I
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I think that that's coming. I
think that's something. Well, it's it's
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here. It's not coming, it's
here. I have clients already who are
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saying, we want to shy away
from Christmas and move more towards winter so
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that we can make our winter,
our winter festival go into January, because
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January now has become the new the
new slump shoulder season, so they have
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to figure out ways to fill that
now before they start getting into spring break.
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So there's there's there, there's that
dilemma. I also have clients who
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have who have made the decision that
all of the the all the hard goods
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that they purchase, all the lighting, all of that sort of thing is
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going to stay after Christmas. But
all the live entertainment stops at Christmas.
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So as you say, Santa Elves, various other more Christmas centric performance elements
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will end at Christmas and then they'll
extend into the first week of January because
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then people can still come out and
see the lights. Yeah, and that's
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very similar the inverse to what Universal
is suggesting here, where they're like,
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we're only going to have the three
house behind the scenes tour again, no
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actors in the entertainment. You know, it's a it's a three per it's
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a three house behind the scenes tour. So it's the inverse, right,
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So like, we can't we're extending
in the inverse direction, but we're doing
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it just a stripped down version.
Well you can't, so Christmas, Christmas
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can't go before Halloween, and Halloween
can't go too far into Christmas. You
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have that that sort of card land. Yeah, you have that no man's
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land in there, that November no
man's land that you have to kind of
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play with. And so they're extending
where they can without the human beings,
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with just the hard goods, with
just the scenic and the lighting and the
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audio, and Christmas is extending the
other way without the labor costs of the
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live performers. And so yeah,
it's It's interesting to see that that parks
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and attractions are trying to push the
limits as to how early can we start
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Halloween and how late can we go
with Christmas slash Winter holidays. Yeah,
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the last little bits I wanted to
just bring up here is there's only four
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ticket options that have been announced right
now that you can buy, and of
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course where that's going to change,
because that's how it always works. There's
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going to be a multi night ticket
come out late. I'm sure they haven't
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said, you know, I'm I'm
going off the script. I'm going off
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the script here as to what's been
officially announced. But to give me credit,
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I think I was one of the
first people to break it, like
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I broke the dates before Universal did
so, just you know, credits.
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But I'm just saying, most likely
we're going to see different the different ticket
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options drop, and we'll see how
they change the pricing when those ticket items
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drop. I think we're also going
to see them extend the schedule, not
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into November per se, but more
like fill in those Monday tuesdays of the
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last few weeks, depending on how
capacity goes. That's always how they do
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00:12:05.399 --> 00:12:09.639
things right, gives them wiggle room, so we could see it right now.
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It's about the same run as last
time. We'll see if it extends
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to over fifty nights with them,
and they'll use their algorithm for for ticket
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sales to decide how many of those
Monday tuesdays they need to fill in.
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Yeah, the dates for Hollywood have
not been announced yet, but I have
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heard from a few people off the
record, and you know, some predictions
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that it will be like the next
week, which is always is that's not
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a surprise, but it would be
the week after, so probably September fifth
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through November a little bit this year, which would be different for Hollywood cause
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Hollywood doesn't tend to go that far. Again, more of a local more
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of a local attraction mentality than a
national attraction attraction mentality. Yes, exactly
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exactly. And then I think it's
important for us to all keep in mind
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also that I don't expect this year
to be great. And the big reason
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is, as we've talked about before, I think another reason. One,
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I think a reason where it's not
going to be incredible, but two a
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reason another reason why I think they
want to incentivize the team to finish these
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houses early is because most of their
creatives are still working on Epic, which
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is behind. They won't say it's
behind, but we all know it's behind
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because it's always behind, right,
stuff is always behind, like perpetually.
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So you know, in mind that
like the same teams, you know,
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it's the same group of teams creatives
that are you know, kind of running
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between different spaces, right, So
it's it's universal is managing a lot right
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now like that, just the whole
team has a lot on the plate between
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what's going on with the year round
horror insulation and what's going on with Epic
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and then trying to launch this thing. So I think I think that's another
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reason, right, You're they're trying
to spread it out as much as you
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can because they need not only they
need to justify the investment compared to the
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time on Epic, but also the
creatives, the individual creative team leaders,
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their time you know, is stretched
then. So yeah, I can see
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that, I can see that.
I think we're also going to see a
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little bit of a you know,
we've we've used this term since the beginning
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of COVID and we always have said
it's going to come. I think this
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year we're going to start to see
more of a normalization. I think maybe
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started to see a little bit last
year. I think we're going to see
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it even more this year, so
that you know, the big rush of
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oh my gosh, I got to
get out and do stuff. I think
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we're going to see that starting to
ebb just a little bit. And I
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now I could be wrong. I
could be wrong, But my guess is
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that those earlier dates are going to
be after the first weekend, where you
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know, you get all the fanboys
and girls who absolutely have to be the
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first one to see everything, in
the first one to report on everything,
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in the first one to get content
on everything. But so you'll be there,
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Philip, But I already have my
plane books there you go. Ready.
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But but I think we're going to
see that in those earlier you know,
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those August dates, that it's going
to be a little bit more manageable,
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simply because I actually think that we're
gonna we're going to start seeing the
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attendance level off a little bit more
back to it's what is quote unquote normal
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or regular for an event like this. But we'll see. Yeah, Okay,
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well let's move over to Disney.
So Iger gave a shareholder. During
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the annual the twenty twenty four Q
and a segment of the shareholders meeting,
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a shareholder asked Iiger about Dizzy not
being prepared for Epic Universe's arrival. And
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we did talk about this a little
bit last week when we talked about the
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isle of Burke, and so basically, I think, of course, all
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these things are planned, right.
I think maybe the misperception I think the
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mainstream media has is like assuming it's
all done like in a vacuum, but
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it's definitely not. Like the the
announcement I think was definitely planned to drop
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before the shareholder announcement of Disney in
order to like, this is all orchestrated
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in a way because the companies know
you know, you know what I mean,
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they all know each other, so
it definitely is orchestrated. And I
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do think that it was all planned
where Igear was going to have to be
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on stage, you know, on
the facing shareholders discussing the company immediately after
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the announcement of Burke. I think
that was that was definitely planned. So
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it should be not really a surprise
that any of this was asked. But
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essentially he did, he did kind
of have to defend against you know,
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what is he doing to not being
prepared for epic universus And what he said
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was, I want to remind you
of a few things that Disney World introduced
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over the past decade, citing projects
as Pandora World, Avtar torstory Land,
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Star Wars, Galuc's Edge, Mickimage
Run a Railway Tron ongoing transformation. By
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staggering these major launches over time,
rather than having to do it all at
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once, Disney, in essence built
what amounts to the equivalent of the university.
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Addressing the shareholders directly, Iker mentioned
how a recent agreement between the Disney
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and the Central Florida Tourism Board,
which we discussed last time, will enable
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us to pursue the kinds of significant
investment in our Florida parks that you're talking
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about. He made also reference again
to that sixty billion dollars investment that we've
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also talked about, and he teased
that something something didn't say what, but
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the size of Star Wars is coming
to the Magic Kingdom as an expansion beyond
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one of the areas. He also
during the call revealed concept art for the
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Avatar at Disneyland. That's fine My
take on this is that again I'm not
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sure it matters because it's exactly what
we talked about last time, where it's
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like Isle of Burke is genius to
announce first because it is the best in
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the world at what it is,
and it's not another thing. Here's the
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problem. The problem with Avatar is
just another Avatar, and it's going to
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be you know, California's version of
Avatar. It's going to be locked into
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comparing against something else that already exists. And here's the problem with in my
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view, here's a problem with Eiger's
argument is that it's the same struggle that
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ironically or not, haunted houses have. Every haunt I talk to every year,
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thousands of interviews, you know what
they all tell me. They tell
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me, well, every year we
remodel fifty percent of our haunts, so
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it's a whole new haunt. So
you should want to come every year because
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it's a whole new haunt. The
customers don't care, you know what I
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mean. Like, that's the reason
why the haunts have transitioned over to a
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screen park mentality where instead of you
know, redoing quote unquote redoing you know,
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half of your haunt you just build
a new haunt and then you have
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two haunts, and you know what, they're really excited because you have two
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haunts and they don't remember what the
old haunts from last year because they're customers
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and they don't remember shit. Like
it's you know, it's it's like,
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I think that's the big flaw in
the announcement here is that they're He's right,
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you know, in that they have
launched a lot of stuff, but
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it's more like they've just been filling
out the theme parks that they have to
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make them full day experiences, which
is not the same thing as making a
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whole new theme park. Like I'm
sorry, ire, it's not like it's
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not And maybe the better strategy for
you this whole time would have been to
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build a smaller theme park and you
know, make Animal Kingdom smaller from the
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get go, so it's more walkable
and it's still a full day experience by
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adding, oh, I don't know, live entertainment. There's a thing called
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live entertainment that could make a park
feel like it's a full day And then
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you add another park, and then
you have five parks. I mean,
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like, it's not I think the
nuances to be honest, I understand what
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Iiger's saying. I believe the nuances
are lost on the average consumer and even
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on the average on like on like
the minority shareholder. To be honest,
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I really don't think that. Like
it's again, it's difficult because he's correct.
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You know, I'm sure if you
take the square footage of all the
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things they've added, I'm sure someone
at Disney has done this, someone is
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paid to have gone and fact checked
the size and say it's the same size.
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I'm sure. But it kind of
doesn't matter, you know, like
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it's it's still not a new theme
park. Okay, but I'm gonna I'm
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going to disagree to a little to
a certain extent here. This is.
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This is what our guests. This
is when our listeners usually like it because
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because daddy and daddy disagree. So
here's the here's the story. You know,
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there's always going to be someone who's
opening a new park. It's always
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going to happen always. And you
know, when Galaxy's Edge came in,
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somebody could have gone to Universal and
said, you weren't prepared for them to
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do Galaxy's Edge because they're doing Galaxies
Edge and everybody wants to go see Galaxies
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Edge. I'm sure they did.
And in Florida about it. In Florida,
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you still you gotta you've got to
plan like within inches of your life
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in order to see that attraction.
It's still that popular. It is still
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that popular. So you know that
as far as some of the other stuff,
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uh, tron cycle was a huge, huge deal in Florida, I
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totally get that. And here's my
guess. You know, they've already in
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Florida, they've already filed the land
usage something or others for what they're loosely
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calling Beyond Splash Mountain. So it's
where they're building. It is Beyond Splash
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Mountain. And I think about the
time, oh, I don't know,
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about the time Epic starts to hit
heavy with their opening and their opening announcements,
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that Disney is going to come out
and say, and we're going to
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have We're going to take and and
add another third to to Magic Kingdom,
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making our making our park, you
know, making the favorite park in the
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country even bigger, even more or
even better. Now does it compare to
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a New Gate Maybe maybe not.
But the business models for the business model
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for Disney is different, and clearly
the business model for Epic is different because
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it's not really even connected to universal
property. You know, you have to
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leave in essence, leave property in
order to go to Epic if you're staying
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on universal property based on where it's
situated. So I think, I think
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Disney's going to be just fine.
And the other thing you have taken into
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consideration. When a new park opens
in Florida, all parks do well.
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There is a spillover effect because people
will travel to go see Epic Universe and
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they'll be like, oh, well, we're in Orlando. I mean,
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Philip, I know you do that
when you come to Orlando. You come
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for a specific thing, and you
end up going to two other parks just
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because you're here. And it happens
all the time, even over in Tampa
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Bush Gardens when when Animal Kingdom opened, we were terrified because I was still
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working at Bush Gardens at the time. We were terrified that an animal theme
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theme park was opening by Disney in
Orlando, and we thought, oh,
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we're screwed. And truth be told, it was. It was a record
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breaking year for us because it just
brought more people to the area. So
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I think that this is you know, as you say, a subtlety that
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is lost on the on the stockholders. I think it's going to I think
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everything's going to be just fine.
I don't think Disney has to do another
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park. I mean, if every
time somebody did a new park, a
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competitor had to open a new park
with a new gate, then Florida would
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you know, the I four Corridor
would be nothing but theme parks and it
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would be even worse to drive on
than it is right now. So it's
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you know, you gotta you gotta
look at this from a logistics standpoint too.
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Again, is it more cost effective
to open a brand new, full
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out theme park. Is that more
cost effective? Or is it more cost
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effective to add a new Galaxy's Edge, a new you know, excitement to
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an existing park which already has the
infrastructure, and you know, you don't
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have to make as much, you
don't have to make as much to offset
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the cost of building a completely new
park. I mean, the pendulum is
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going to go back and forth,
and I don't want quite honestly, I
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don't want Bull Florida parks, both
Florida major chains. I'm taking SeaWorld out
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of the game for the moment.
But I don't want the two major parks
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two open parks at the same time, because that's just chaotic and it's unnecessary
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competition. As you said earlier,
these guys know what they're doing, what
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each other, they know what's happening, and they don't want to go head
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to head. They don't want to
open Beyond Splash Mountain and Epic at the
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same time. What they want to
do is announce Beyond Splash Mountain when Epic
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is opening, in hopes that they
can perhaps delay some national or international travelers
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to wait and not come to Epic
until after the Disney expansion opens. So
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again, he is he prepared?
Yes, I think he's totally prepared.
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I think Disney is completely prepared.
And I think that the comment, the
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comment of saying, you know you
weren't prepared, You weren't you weren't ready
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for this giant park to open.
It's not like he didn't know was coming.
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We all have known it was coming, and to his point, he
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has Disney has continued to make their
uh to make their product more appealing and
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more returnable. I do think I
think I agree with some of your points
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on there, and if anything,
I think that, like Iiger's answer is
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like, I think I like your
answer more than Igres. I don't know.
359
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I don't know, but I think
I kind of explained it. I
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mean, I think that's what he's
trying to say. I think what he's
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trying to say is it can because
he doesn't. You know, in a
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in a press situation, especially when
you are the guy in charge of Disney,
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you know, you don't want to
start mentioning. You don't want to
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start basing your answer on your competitor. Yeah, you know, you have
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to have you have to keep saying
yes and what you're doing as opposed to
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well, we knew this big park
was coming and there was not a darn
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thing we could do about it,
so we decided to make our You know,
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it sounds wimpy when you explain it
that way, because everybody wants,
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you know, newer, bigger,
faster. Well, it's definitely. Uh,
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they definitely work together much more than
I think the shareholders and even the
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general public understand how they work together. And then it's definitely planned to your
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point for them to capture each other's
audiences, to ping pong back and forth.
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Is that is that is by design
folks, in case you know didn't
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know, it's definitely by design.
And I do think the thing to underline
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in what you said is that the
business model is different. So like I
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maintained my point that wants every dime, Disney wants every dime from the moment
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you hit Florida. Well, yes, so I think the business models are
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different. So I think I maintain
my point that for the general audience,
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the optics of new theme park is
definitely more exciting than like New Land,
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even if they're the same footprint.
And that's the optics that Haunt House has
381
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been fighting for decades. However,
in even theme park cons right where they're
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like we're ating a new like ten
hundred houses this year, it's like,
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well they're three thousand square foot and
you know some anyway. But I agree
384
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to your point that the business models
are different in that, like Disney World
385
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has the infrastructure already, so much
infrastrut are already in place, it makes
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less economic sense for them to add
another gate because there's so much infrastructure in
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place already to handle the existing crowds. It's much easier and more profitable per
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person, way more profitable per person
to extend a bit of the park and
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00:27:48.039 --> 00:27:52.400
get more FMB sales and more food
sales and whatever, and draw more attendance
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00:27:52.440 --> 00:27:53.559
to a park than it is to
build a whole new park, Like why
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00:27:53.559 --> 00:27:57.599
would you do that? Because these
are massive structures, I mean, so
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00:27:57.680 --> 00:28:00.519
much larger than Disneyland. Like,
you know, it makes more sense to
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00:28:02.160 --> 00:28:07.559
build addition stuff other places where you
have less of a footprint economically, and
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it makes the counterpoint to Universal is
that Universal doesn't have as big a footprint
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00:28:11.880 --> 00:28:15.599
really anywhere, and compared to Disney, I mean, like the at least
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00:28:15.640 --> 00:28:22.000
looking at Hollywood, at least domestically, when you're looking at Hollywood and Florida,
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it's still not nearly as large as
what they have. Family Park pop
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00:28:26.039 --> 00:28:32.359
up and the Universal Monsters pop up
in Vegas, and they're definitely going in
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00:28:32.400 --> 00:28:37.920
comparison to parks, you know,
to me, the Universal story and the
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00:28:37.920 --> 00:28:44.200
Family Park, that's what is I
think more comparable to Eiger's approach, which
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00:28:44.279 --> 00:28:45.559
is, you know, we're opening
these other things. The only problem is
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00:28:45.559 --> 00:28:48.200
they're doing them. They're doing them
all over the country, so they can't
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00:28:48.759 --> 00:28:53.200
experience them all at the same time. You know, I'm excited about Epic
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00:28:53.240 --> 00:29:00.319
but I will say that in Florida, the buzz about Epic is it's going
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00:29:00.359 --> 00:29:04.119
to be good. It's not going
to be epic, and I'm curious to
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00:29:04.119 --> 00:29:07.680
see whether that is true or not. Well, we talked about it,
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00:29:07.720 --> 00:29:10.480
I mean, just the logistics of
opening it, right, It's like,
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00:29:11.960 --> 00:29:15.680
you know, there's there's a The
Universal team has taken on a lot of
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00:29:15.759 --> 00:29:19.839
projects, you know, and now
that they have the reputation of being Disney
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00:29:19.920 --> 00:29:25.839
quality, that's that's build which they
had to build. Yeah, that is
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00:29:26.759 --> 00:29:29.920
a bonus and a weakness as well, because if you're trying to just like
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00:29:29.920 --> 00:29:33.160
Disney. I mean, everyone jokes
about how slow Disney is, but this
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00:29:33.200 --> 00:29:36.200
is the reason they are slow is
because they have to make sure the quality
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00:29:36.240 --> 00:29:40.119
is there. They have to put
it through QC testing, and it takes
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00:29:40.279 --> 00:29:42.640
time and resources to QC testuff I
don't you don't want to say it just
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00:29:42.680 --> 00:29:47.279
does. Yeah, you know,
if we had more time, we could
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00:29:47.319 --> 00:29:49.079
quality control test this show, but
we don't. We only have thirty minutes,
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00:29:49.119 --> 00:29:53.559
which by the way, is up
so on behalf of Philip Bernandez and
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00:29:53.599 --> 00:29:56.960
myself Scott Swens, and this has
been green tag thee market thirty and one
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00:29:56.960 --> 00:30:02.400
of the lamest transitions into an outro
I have ever done. It was pretty
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00:30:02.440 --> 00:30:03.880
bad, but anyway, we're glad
that you're still listening, at least up
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00:30:03.920 --> 00:30:07.400
until this point, and hopefully we'll
see you again next week
