Aug. 22, 2023

Q2 Earnings and Hurricane Hillary

Q2 Earnings and Hurricane Hillary

While Hurricane Hillary causes SoCal theme parks to close for the first time in a long time, we review the Q2 2023 earnings from Disney and Universal

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While Hurricane Hillary causes SoCal theme parks to close for the first time in a long time, we review the Q2 2023 earnings from Disney and Universal
WEBVTT

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From our studios this week in Los
Angeles and Chicago. This is green tag

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them Parking thirty. I'm Philip.
I'm joined as always by Scott Swinson of

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Scott Swinson Created Development. And there's
a lot of rain happening right now in

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south of California. I was gonna
say, what the heck is going on?

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Normally, you know, I'm the
one in Florida who has to deal

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with these these storms and such,
and you know, it's now it's you,

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guys. You're you're stealing all of
our thunders and some of our lightning

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and some of our wind. And
I really thought I would get to avoid

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hurricane season, or at least a
little bit of it, having you know,

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this year where that just follows me. But yeah, I think the

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reason why I bring it up is
because it's a little bit related to some

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of the themes we've been talking about, and of course the industry, as

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the Hole has been talking about.
Right now, I'm sitting here and there's

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rain around me, but I'm up
north by six Flags and Disland has already

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closed, and six Flags never opened
today, and universals closing early, and

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Knot's never opened today. So really
the parks are they're losing a day on

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this and they're closing and they had
events scheduled in blah blah blah. But

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you know, there's already a lot
of talk about how this was kind of

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parallel with climate change just due to
the how hot the waters were, and

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you know what kind of created in
WHA And I think we talked about well,

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and they're saying the same thing right
now. They're saying the same thing

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in Florida too, that this is
going to be the Gulf waters are so

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warm right now that this could be
a very active I hope it's wrong.

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I hope they're wrong, but they
saying it's could be. They're saying it

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could be a very active storm season, if not hurricane and tropical storm season.

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So we'll see where that's going to
go. I mean, I think

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it's interesting. Do you think that
the parks closed because there was they had

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legitimate concerns over what was going to
happen, or do you think they closed

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as sort of a visible a visibility
issue because you know, again, people

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people in Florida, we're used to
hurricane warnings and we're used to storm warnings,

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but out there in California. You're
not was that? Do you what

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do you think do you think there
was there was actually a physical threat or

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do you think it was just more
a we should be doing this so that

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people can feel comfortable to stay at
home again. I think with any with

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most natural disasters, I feel like
other people are a lot of the threat.

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You know, there's already been a
lot of car pile ups and a

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lot of accidents, and up here
where I am, it's mainly runoffs,

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and it's mainly just the issue of
the area is not set up. The

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infrastructure is not set up for this
type of storm. And I think looking

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at the attractions takeaway, I think
that's really that's really what we're looking at.

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We just we talked several stories ago
about the heat, you know,

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and that being a thing that attraction
is not set up for. And now

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we're looking at, you know,
potentially will these theme parks in California need

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to also look at hurricane type of
preparedness and tropical storm preparedness and you know,

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you know how prepared haird are we
are not as our infrastructure for increasing

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climate issues, and how will that
impact our tourism? I think that's a

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that's a big theme. I don't
have answers to it, but that's a

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big theme, right, No,
I think I think you're absolutely right.

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And it's interesting because over the years, the parks and the the building standards

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for the parks in Florida have changed
because of the more the likelihood of either

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tropical storms or hurricanes or severe weather. So again, well we'll see where

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it all goes. But the building
standards I know, have changed, and

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things, you know, have to
have to be able to survive a category

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I think it's like a category three
or something like that, so they're built

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with that in mind. It's also
a question not only of loss of revenue

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during the running of the season,
but also you know, the loss of

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assets. So they want to make
sure that they can you know, betten

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down the newest ride, the newest
attraction, whatever, so that they don't

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if they lose a day, you
know, if they lose a day of

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attendance, that doesn't help them,
but it's it hurts some significantly less than

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losing an entire attraction. So I'm
hoping knock Wood, I'm hoping that all

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the attractions in California are are ready
for this. Can survive this without any

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major major issue. And again,
it was a Category one when it came

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when it made landfall. And I'm
guessing that it will be downgraded very quickly

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if it hasn't been already. So
again we will. We can touch based

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on this perhaps next week and see, you know, if there was any

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ramifications or there were any ramifications from
the storm. But but you're right,

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we have to take into consideration that
the world exists outside the industry, but

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it does impact the industry and we
need to you know, we talked about

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this, you know, a couple
of years ago when we were talking about

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COVID preparedness and and and you know, the only way to get prepared is

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to stay prepared and have multiple paths
of of of opportunity, multiple paths of

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planning, so that you know,
it's possible. We may we may even

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see that. One of the challenges
is there is a supply chain issue because

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of the I doubt it, but
it's possible. So yeah, this is

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just something that I'm guessing. The
parks really don't have a hurricane plan per

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se, but but I bet they
will. Now, Yeah, well I

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wouldn't bet on it, but I
would hope. I wouldn't. I'm not

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sure all of them won't get a
game plan, but you know, but

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well yeah, yeah, and maybe
and maybe that her clan came plan is

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when one comes, we close our
doors. But yeah, I'm hoping if

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there is going to be you know, if there is going to be any

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potential for wind in any of the
parks or flooding or whatever, that they've

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done that they've they've done their due
diligence, They've you know, closed things

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down appropriately. They may not even
have a storm shutter option, but that

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things are as as battened down and
uh and stormproofed as possible. But again,

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like you say, this is completely
new to them. We were talking

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just before we started recording, and
and I made the analogy of its like

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if you have a snowstorm in Arizona, everybody is is there's a heightened sensitivity.

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Everybody's a little crazy. They're driving
differently, they're you know, looking

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out for things that don't exist yet, but they're planning. They're going,

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oh, this is terrible, we're
never going to make it. So yeah,

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So I don't want to under I
don't want to under emphasize or over

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emphasize what this could do for California
or to California. I'm I'm going to

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guess that it's going to be minimal. But again, we'll recoup, recoup

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and recover and then readdress perhaps next
week and say, yeah, nothing happened,

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moving on, Yeah, yeah,
okay, Well, let's let's transition

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over to some news we didn't cover
last week because we had so many kind

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of trip reports to talk about last
week. But uh, yeah, we

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started talking, we started talking and
chat and then it just all right,

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so let's let's let's move on.
Sorry, I was about to do it

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again, wasn't it. Yeah?
Oh gosh, Okay. We had the

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latest quarterly earnings recap from Disney.
There's a lot. There always is a

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lot, and as usual, they
bury the leads I think intentionally, so

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we so I'm going to just kind
of go through some of the big takeaways

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and all the buckets and then we
can we can talk about it. But

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so they revealed that the Disney Parks
and the Disney Experiences section, including all

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the theme parks and all that they
saw a thirteen percent increase in revenue to

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eight point three billion, while also
posting a two point four three billion and

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operating income. So to back up, Disney is not doing great as a

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whole, but the theme parks and
this Parks and Experienced division obviously is the

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part that's doing really well. So
that's kind of what was highlighted is at

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thirteen percent increase in revenue, attendance
at the international parks obviously rose, and

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we talked about how at Walt Disney
World it was a little bit of a

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decline and they're attributing that to heat
and drop in pent up demand, blah

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blah blah, all that kind of
back to equalizing nature. They they didn't

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mention they had to mention on the
call of course, and Endless have remained

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cautious about the future of the park
segment as demand appears to have slowed couples

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with heightened risks to margins and made
inflation. We've talked about that too,

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you know, we'll see how that
goes. They did. We did get

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a number for the Galactic Star Cruiser
that they closed earlier. They basically said

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it would be one hundred million accelerated
depreciation charge, which basically is it'll end

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up being two hundred million of that
they're writing off for the Star cruiser kind

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of spread throughout multiple years, but
it'll be two hundred million. So so

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now we have a number. It
cost two hundred million at leaser. That's

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what they're writing off, a two
hundred million, which since there's since there

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was like, uh not many rooms, that equates to about two million dollars

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per room, which is interesting.
Well, but but also I mean,

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yes, that sounds like a big
chunk of change, and it is.

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I mean, you know, I
wouldn't want to lose it, but I

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don't have to worry about it because
I don't have it to lose, So

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that's good. But the other side
of that too, though, is I

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applaud them for diving in because now
they have a whole bunch of data as

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to how to the next time they
try to do something that's this immersive and

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that's this boutique style. They have
a bunch of data that they can pull

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from to say, here's why this
didn't work, you know, and Disney.

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Disney is usually pretty good about that. They will they will be able

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to say, here's something that didn't
work the last time we tried it,

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but instead of saying it didn't work
when we tried it before, or something

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like it before they'll say here's why
it didn't work, and they'll pull those

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data points and try to implement them
in something in the future. Yeah,

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I agree. I think we talked
about that as well last time when when

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it was closed. Originally, I
just was a little surprised by the number,

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and I think even I was surprised. I was like, do you

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know two hundred million is is a
chunk of that's a that's a pretty big

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test. But I guess it's the
whole you know philosophy that you've talked about,

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Scott, which is, you know, if you're going to test it,

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you need to test it right,
because that's the only way it tests

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will work. Sorry, I don't
know whether that happened on your under mind.

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We had a little glitch there,
folks. That's okay, that's okay.

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Froze or Philip did. I don't
know whether they did. But we're

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back together now, we're back.
Yes, I was saying that two hundred

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million surprised me in the amount a
little bit, But I think it's uh

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what you had been saying previously,
which is just they had to really test

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it, you know, that's the
only way to know is to is to

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put the money to test it,
right, and you have to kind of

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question how did they think they were
going to earn that back? But that's

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a whole we could do a whole
dissertation. I agree that that's a great

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point. How how long did they
think he was going to have to be

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sold out basically to make back two
hundred million, That's that's that's a great

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question. I'm not sure how I
feel about the analyst section about the future

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of the parks, because you know, analysts are saying based on the demand

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slowing and heightened risk to margins and
mid inflation. We'll talk about that a

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little bit later too, with with
hiring. Right it's happening now for Halloween,

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but right, Yeah, And the
weird thing about that is it's sort

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of like an analysts have remained cautious
about supply and demand. I mean,

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it's it's a To me, it's
a it's a really basic statement, and

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it's it's kind of covering their behinds
just in case things do tank. But

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to me it was I just kind
of look at that and went, Okay,

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that's just a sort of a template
statement that we just sort of stamp

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on everything. We are we are
happy, but we are cautious because things

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could stop working. Yeah, well, to me, I agree with that,

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but I I think it was a
little bit like again we talked about

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this too, but a little bit
like it's like everybody has been expecting this

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surgeon demand to continue at the same
pace, which is which is unrealistic,

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right because it I mean, some
some some attractions we've worked with Scott have

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like doubled or tripled. There a
tendency you just can't that's not sustainable,

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you know, to keep doubling and
doubling that's ridiculous. So yeah, it

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feels like we've been talking about that. There's a equalization point the exactly that

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we've been talking on the industry where
we're getting closer to that by the end

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of this year when consumer spending they've
kind of they've when consumers have spent a

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lot of their they're saved up capital
from over the pandemic, and then through

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into next year, it's going to
be a much more competitive landscape. And

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that's a good thing. Competition is
good for for everybody. But but you

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know, yeah, it's we've we've
talked about this, We've talked about this

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for years, and that's that hitting
that equilibrium. You know, it's if

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you think about it like water,
if you if you build up a huge,

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huge you build a dam, and
you build up this huge sort of

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stockpile of water, then you break
the damn there's this huge rush, but

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that huge rush doesn't last forever,
and eventually equilibrium is reached. So once

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we get there, then we have
to, you know, focus on quality,

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which is why we've also said during
the rush, hopefully those smart companies

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and you know, those of you
who are listening, hopefully you've kept your

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quality high so that when the equilibrium
comes, you've already built that fan base

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with all the people that were coming
to you, either for the very first

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time or all at once. So
uh and finally, Disney Plus is still

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struggling, but it's struggling not as
much as that was previously struggling. I

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guess that's the takeaway. We're still
in trouble, but not as much yet.

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That was the whole takeaway as far
as I can I can take it.

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I mean, there's numbers and you
know, they they've announced, you

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know, they're their subscribers miss the
estimates, but they're announcing that they're they're

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going to reduce expense, blah blah
blah, you know, all this all

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this talk, but you know,
I think I think basically we're still going

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to have to see because clearly the
Disney Plus model is getting closer to resolution,

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but it is not fixed yet and
it is still in trouble, and

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you know, that's we're just going
to see where that develops. They said

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they would resume paying a dividend by
the end of twenty twenty three, So

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in line with that, they did
announce in order to pay the dividend,

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they're going to be cutting budgets more
than they had previously announced a little bit.

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But we don't really know exactly where
that's going to go. I'm not

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so again back to stuff we've talked
about previously. We're not sure how much

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of that is impacting the budgets for
entertainment at the parks, right, you

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know, and we've talked about that
a little bit. How the entertainment offerings

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are still light, even though it's
like, even though the Parks division is

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doing the best of everything, and
clearly people want live entertainment and they need

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to be competitive, and the way
to be competitive is to let people look

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at Mickey Mouse, because that's your
advantage, right. I think like even

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though all of that, they you
know, we haven't seen too much expansion

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with live entertainment, and it could
all be back do to them trying to

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return a dividend by the end of
the fiscal year. So I think that's

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that's all happening well. And and
the other thing to take into consideration too,

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is live entertainment in the theme park
is a significantly smaller amount, significantly

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smaller amount of investment than it is
in new movies, new product for for

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Disney, Disney plus etcetera, etcetera, etcetera. The the investment is less

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and the return is less. You
know, even though the parks are doing

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well, that's sort of like saying, our our lemonade stand is kicking butt,

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but our garage sale is tanking.
You know, you kind of have

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to look at what has the possibility
of generating the most revenue. So I'm

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glad because I'm in the theme park
industry. I'm glad that the live entertainment

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experiences and that the parks are doing
well because that that reflects very well on

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those of us who work in the
industry. But it's it's all a question

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of perspective. And as you say, they lead with what they want you

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to take away as a stockholder,
and they want to make sure that you

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know, nobody loses They're they're not
being dishonest, but they want to make

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sure that nobody loses faith in the
in the company as a whole, and

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that's that's essential. Yeah, yeah, Okay. We also heard some news

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from the Sea World. Oh,
I think we had we talked about how

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they had they had pre previewed the
report kind of you know, where they

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let people know what was it gonna
be good, and it wasn't good.

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So basically they saw a dip.
They saw a decrease in both attendance and

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in revenue in that last quarter.
The attendance dropped one hundred and twenty five

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thousand, which is a two percent
drop from the same period in twenty twenty

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two, and of course the revenue
declined one point seven percent, falling from

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five hundred million roughly to four hund
ninety six. You know, and they're

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because they're blaming weather of course,
and also Conadian wildfliers and blah blah.

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But I think we I think the
larger problem that these these parks, and

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I want to say these parks,
I mean like the Sea World in the

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Six Flags, you know, like
clearly, Disney Universe Soul are in that

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area where when people are making decisions
about their limited disposal income, they are

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going to you know, they're not
going to give up Disney, clearly,

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and they're not going to give up
going to Halloween horror nights clearly, right,

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Like that's I mean the popcorn sippers
blah blah. You know, they're

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they're entrenched so much, you know
that, I think people are going to

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be choosing those. I think it's
going to be the parks that are not

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holiday traditions for families, you know
as much that are going to be struggling.

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And I think we're seeing that now. And I'm not sure it's going

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to get any better for these parks, you know. I think objectively speaking,

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they'll get more people just because of
the holidays, but I'm not sure

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they will see an increase versus the
previous years. Yeah, I agree with

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you to it. I agree with
you to a certain extent. However,

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I do think that and I'd be
curious to see this. I'd be curious

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to see the numbers on this.
I do think that the holiday offerings,

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even for the secondary the non Disney
and non Universal parks, I think that

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the holiday because the the died in
the wool holiday goers, whether it's Halloween

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or Christmas, are local. For
the most part. Universal is an exception.

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Disney is an exception, but for
you know, the SeaWorld parks,

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it's primarily a local audience and it
is their tradition to go. I think

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the biggest challenge is it's a the
day product, is that the full time

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product is not quite as essential to
people to consumers as as the Disney or

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the universals, because again, Disney
is one of those things that families make

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a either a summer tradition or a
vacation tradition to make certain that they go

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and see, we got to take
it's little Jimmy's eighth birthday. We have

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to go to Walt Disney World in
Florida, and we live in Minneapolis,

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you know there. I think it's
the day product that really is going to

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is going to be the driver here
because the seasonal product, and I'm guessing

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this is anecdotal. I do not
have the data to show this, but

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I think it would be interesting to
see how does say, for example,

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Hollow Scream at Sea World Orlando compared
this year to last year as far as

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attendance goes, just taking that Halloween
element out of the out of the matrix

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and see did that did that decrease
the same amount as the attendance did I

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just I'm curious. I'm very curious. That's an excellent point. You know,

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basically that the parks aren't, well, the parks are are a little

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bit less competitive, but their seasonal
offerings might be more competitive. Basically.

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M Yeah, that's interesting. That's
an interesting point. And there might be

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there a lot too that because you
know, as you know very well,

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you know, the Hollow Scream in
Bush Gardens is a tradition I think for

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a lot of people there because it's
been so long, you know, it's

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it's over thirty Well, and I
look at you know, I look at

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people like and I mean, granted, you are a you are a Halloween

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super super fan boy, Halloween and
content creator, and so you're going to

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go to the park's seasonal events.
Yeah, but not necessarily make a plan

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to go to the parks during the
day unless you're going there for the seasonal

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events. So you know, I
think I'm curious. I would I just

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be curious because I think that I
honestly think that the seasonal events, if

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it's if it holds true from when
I was at the parks, the season

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seasonal events are the saving grace.
They're the insurance policies because they're kind of

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I won't say money in the bank, but they're kind of consistent in the

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fact that we know that in October
people are going to go to Halloween events,

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we know that in December people are
going to go to Christmas events,

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and of course, as we've learned, October now starts in August. But

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you know, well, yeah,
we call it October now, but yeah,

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welcome. Well it's funny because we
don't. We don't even when it

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comes to the production side of it, we don't even think of it as

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Halloween season and Christmas season. It's
the holiday season. Start of the season

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now, Yep, it starts lea
July and we're working on it. Yeah,

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yeah, I that's interesting. I
am very curious to see how how

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those numbers work out. That's an
interesting point. I think overall, it's

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back to what we've been saying which
is that all attractions are going to need

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to be just more competitive in twenty
twenty four, basically by the end of

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you know, by the end of
this quarter in twenty twenty four, just

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more competitive overall because you know,
because of the increased basically there's less demand

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because people do have less savings than
they had, and there's increased supply because

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everyone is finally reopened and you know, fired on all cylinders, which is

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great for everybody, they're all back. But that's just the reality there.

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There's there's less demand and more supply, and that means a more competitive landscape.

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And we'll see what the two years
of retraining of the audience has done.

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You know, is it imperative that
we go to X y Z theme

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Park every single year? Is it
imperative that we get our season pass every

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single year? Because COVID retrained us, retrained us all to behave in a

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certain way. And we won't know
that we said this, we said this

321
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a very long time ago. We
really won't know the impact for at least

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another from now, about another three
to five years as to how much it's

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changed changed the landscape of the industry. Yeah, well, it's that time

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of year again, which is that
we are actively hiring for the holiday season.

325
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Of course, that has already started
for a lot of places, and

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is you know, beginning for a
lot of other people. There's two stories

327
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I want to put together. One
is that there's a push from county supervisors

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in LA that are proposing a twenty
five hourly minimum wage, and it's going

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to apply to basically multiple sectors.
But one of those sectors is tourism,

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and because it's in LA County,
it really is going to only impact Universal

331
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and six Flags because Disney is not
in LA County, right, so so

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neither is not. So this is
an interesting one because I have several friends

333
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that work there and they're following this
very closely, and their unions are involved

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in blah blah blah. And the
reason I think that's interesting is just because

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I think this is one of those
weird things that I actually think has a

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chance of passing, only because Disney
would benefit from it heavily if it did

337
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pass, because you know, if
your competitors are required to pay twenty five

338
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but you're not, that's great for
you, you know. And and I'm

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going to couple that with a story
from Sea to Point which has started doing

340
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their job fares for their holiday season, and they this year have said they

341
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are just hiring people on the spot. So that's the organized just say.

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The potential employees will partake in interviews
and offers on the spot with part managers

343
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and positions available from high school students
to career professionals. So they are really

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pushing and we've seen some signs some
places where where people are saying, like

345
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now hiring fourteen and up. So
it's it's interesting because many of my clients,

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I mean, that's why I'm here, That's why I'm here in the

347
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Chicagoland area, why I'm here in
South Farrington. This is our third set

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of auditions for for Terror Roulette,
which is a new haunted attraction here and

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you know, as you know,
the Chicago Land area is filled with with

350
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haunted attractions, so we had to
find ways to be compelling competitive both from

351
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a pay standpoint as well as from
a content standpoint and a commitment to the

352
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performers stand point. So you know, I completely understand that the hiring on

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the spot thing I find really interesting
because you know, again you all know

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that back in the day when I
when I worked at Bush Gardens. We

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did that for a hollow scream starting
in the oh gosh, early two thousands,

356
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like two thousand and two, two
thousand and three. You could come

357
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in and we did in the entertainment
department. We didn't do it in the

358
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other departments. But if you came
in, you auditioned, You did an

359
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audition, If you passed the audition, you went to a human resources interview.

360
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If you passed the human resources interview
view, a job offer was made

361
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on the spot. Now that pulled
away when we had to do and it

362
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was always contingent upon passing. It
was a drug free workplace at the time,

363
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so you had to you had to
you know, you pass your drug

364
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screening, et cetera, pass your
background check. But the offer was made

365
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on the spot. So I know
that for a short period of time.

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I don't know what it is now, but for a short period of time

367
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they went away from that and have
Now they may be coming back with seeder

368
00:26:03.319 --> 00:26:07.440
point, you know, but paving
the way. But it sounds like they're

369
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doing it for pretty much everybody because
they're they're that desperate. It's like you

370
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need a job, show up,
you know, it's it's that and again,

371
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like with the twenty five dollars minimum
wage for Universal and six Flags,

372
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they are. That just shows to
me that they're in a competitive enough market

373
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that they need to do that,
they need to elevate. I'm not sure

374
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it's going to work quite the way
they think it's going to work. As

375
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you say, I think it will
benefit Disney more than it will benefit Universal

376
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and six Flags, But we'll see. I think that there's there's two sides

377
00:26:44.480 --> 00:26:45.640
to this coin. It can either
be. It can either be well,

378
00:26:45.680 --> 00:26:48.480
wait a minute, I was going
to go work for Disney because well it's

379
00:26:48.519 --> 00:26:53.119
Disney, but they're not paying you
know, they're paying twenty and and and

380
00:26:53.319 --> 00:26:57.359
six Flags is paying twenty five.
It may I think the intent is to

381
00:26:57.400 --> 00:27:03.400
sort of level that playing field.
It may bring it, but yeah,

382
00:27:03.680 --> 00:27:07.119
yeah, I don't know. It
might. We'll see. We'll see what

383
00:27:07.160 --> 00:27:11.160
happens. We'll see what happens.
Yeah, well, I guess I want

384
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to know from me, you Scott, you know, because that's all hypothetical.

385
00:27:14.400 --> 00:27:15.519
Well, well, we'll track that
story, of course, and if

386
00:27:15.519 --> 00:27:19.680
there's if there's you know, if
something materializes, we'll let well, of

387
00:27:19.680 --> 00:27:23.480
course we'll talk about it. And
just for reference too. I think right

388
00:27:23.519 --> 00:27:27.160
now it's about eighteen, so it
would be a seven dollars an hour jump

389
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for all positions. And that is
that's a lot. I mean, that

390
00:27:30.680 --> 00:27:37.519
is I'm sure the executives around there
are that's eye popping. So but all

391
00:27:37.519 --> 00:27:41.480
that aside, Scott, tell like
about the hiring season, What has anything

392
00:27:41.599 --> 00:27:47.160
changed about this year's hiring season since
you're actively doing it versus what we've talked

393
00:27:47.200 --> 00:27:52.119
about previously, you know, Well, interestingly enough, a month ago,

394
00:27:53.440 --> 00:27:56.920
I would have answered this question differently. I'm starting to see things change now.

395
00:27:57.640 --> 00:28:03.000
Originally I was, I was very
frightened by the hiring season, and

396
00:28:03.039 --> 00:28:04.680
again not just for this particular project, for the other projects that I'm working

397
00:28:04.680 --> 00:28:10.319
on around the country, because I'm
sure that there are idiosyncrasies for each each

398
00:28:10.400 --> 00:28:18.400
area, you know, each competitive
niche. And what I was finding early

399
00:28:18.519 --> 00:28:21.640
in the audition process, because let's
face it, you know the holiday season

400
00:28:21.680 --> 00:28:26.960
auditions start in June early July,
and so we were what we were seeing

401
00:28:27.000 --> 00:28:30.359
then is we were seeing a lot
of people sign up, but a huge

402
00:28:30.440 --> 00:28:34.759
no show rate, as much as
fifty to seventy percent. In some cases,

403
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people would sign up saying yes,
I want a job and then just

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not show up for the interview or
for the audition. Now what we are

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seeing is the people are as we're
getting closer and closer. I think the

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fuse is getting shorter and shorter,
and there the turnout rate is significantly higher.

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In fact, back at Zoo Tampa
we had the last set of auditions,

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I think we had an eighty percent
turnout rate for those who had signed

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up. So going from forty to
fifty percent to eighty percent is huge.

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So I don't I would love to
be able to sit here and say and

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here's why. But I think it's
something as simple as people have come to

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the come to the realization that gosh, you know, we've we've kind of

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coasted and they'll be work there when
we when we want it. But the

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reality is that is not the case. You know, we we worked our

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butts off to get stuff cast,
and now that we're in our I wouldn't

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even say the final hours you know
where we still have a couple of months.

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But to be fair, you know
here and here and here in Chicago

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or South Barrington, we're going to
start rehearsals in a little over two weeks,

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so we're I guess we're kind of
there, and especially from a costuming

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00:29:53.839 --> 00:29:57.759
standpoint, and you know, the
scenic is going up, all of that

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00:29:57.839 --> 00:30:03.279
is happening, So I guess we
are kind of at the final hour and

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I'm hoping that people are recognizing it
because we're seeing some great people, but

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we may not have jobs for them
because they didn't audition soon enough. They

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00:30:11.200 --> 00:30:14.680
didn't come out soon enough to get
those jobs, so we're having to be

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careful. And like I said,
I like to hire on the spot.

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But because we've done that, I'm
curious to see whether we'll do it next

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year because now we're seeing the great
people at the end. So this is

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something that we're going to continue to
follow. But my recommendation, if you

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are out there and you're looking to
get seasonal work for the holiday season,

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00:30:33.039 --> 00:30:37.839
if it's not too late, audition
now, because I know that they're still

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00:30:37.880 --> 00:30:41.079
I've still got clients that are auditioning. I'm ninety percent certain this will be

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the last audition for this particular project, and I've got we do have other

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00:30:45.680 --> 00:30:49.960
auditions for other projects in different parts
of the country. So if you don't

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00:30:49.960 --> 00:30:53.160
have a gig now and you want
to audition for it, go, don't

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00:30:53.200 --> 00:30:56.599
wait, don't wait any longer,
because people are starting to come out.

436
00:30:56.599 --> 00:30:59.960
They're starting to realize, oh my
gosh, I got to do it now,

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00:31:00.279 --> 00:31:03.920
or I'm done. And speaking of
being done, we are done for

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another week. That's our thirty minutes. So guys, once again, thank

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00:31:07.640 --> 00:31:10.960
you all so much for listening and
hope to see you next week on behalf

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00:31:11.000 --> 00:31:14.920
of Philipernandez myself Scott Swinson. This
is Green Tag Theme Park in thirty See

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00:31:14.920 --> 00:31:15.440
you next week