Top Risks for Theme Parks in 2024

WEBVTT

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From our studios in Los Angeles and
Tampa. This is Green Tag. I

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was like, where Scott this week? He's in Tampa, right, that's

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all right? I did too.
I was like, where am I?

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Oh? Yeah, Gait, I've
got the colorful backdrop. I'm comfortable year

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and two. Yes. Anyway,
this is Green Tag Teing Park in thirty

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where we break down the top theme
park news of each week and discuss why

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it matters to you. Ask some
questions, and we don't have all the

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answers, but we try and ask
interesting questions or at least make you think

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about some of these topics. Today, we're going to be going over Universal

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earnings, the new AYAPA Middle East
office, and then another special segment from

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Philip because I'm determined to bring in
outside things to our show. Good luck

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they're interesting anyway. So the earnings
earnings Universal came out. I'm going to

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link in the show notes to the
full transcript of the meeting if you would

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like to read through them or scan
through them. But basically, the short

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version is it's all the presentation,
of course, as they always are.

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The presentation from Universe was all positive, right, They're like, look at

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our revenue Oh, we's so fantastic
the theme park sections. In particular,

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they mentioned that the theme parks alone
saw a revenue increase of twelve percent and

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also an EBITA increase of two percent, which is the more impressive number there.

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Specifically, their CFO said quote these
strong results were again driven by growth

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at our international parks, especially as
Osaka continues to benefit from strong demand from

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Super Nintendo World, driving higher attendance
and per cap spending relative to both last

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year and pre pre pandemic levels.
In Hollywood, we also continue to benefit

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from the positive consumer reaction to Super
Nintendo World, driving strong attendance and growth

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in per caps and resulting in Hollywood's
best fourth quarter EBITA in its history.

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In Orlando. Yeah, that one's
impressive. In Orlando. Our results are

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also strong, with attendants in line
with twenty nineteen pre pandemic levels and revenue

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sustainability ahead substantially ahead, and then
a few later in the call, they

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referenced it again by saying, regenerated
to one point seven billion in free cash

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flow this quarter and thirteen billion for
the year, and we achieve this while

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absorbing meaningful capital investments to expand our
footprint and further strength in our domestic broadband

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network, scale our streaming, and
support the build of the Epic Universe.

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So basically, basically, they're like, we saw increase in revenue and increase

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in EBITDA and all of that is
still in light of the fact that we

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are spending a lot of money on
new things. And that's all great.

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I just want to point out here
not I'm always negative, but I just

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wait. But yeah, but hold
on, Philip is on the sunhet.

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It's just that being in the industry, I think we have a little bit

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of a different perspective, you know, than everyone else involved in this,

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including the fans and whatnot. Like, first of all, we know that

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the Epic Universe project is behind schedule. Like we all know. I mean,

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come on, like you know we
can't. I guess we can't.

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Probably everybody listenings under an NDA about
it. But you know, we all

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know we know that it's behind I
think that's safe to say. We also

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know that they're spread very thin,
and that basically they're trying to keep their

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numbers high because they want to you
know, return dividends and whatnot and keep

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it all positives. They can get
better access to capital and whatnot. But

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the cost of that is literally budget
cutting, that is kind of undercutting the

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potential future success of these projects.
That's I'm not sure what we can say

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but that I'm saying that. Well, basically, it's it's business one oh

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one. I mean you, if
you, if you when you're when you're

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looking at when you're looking at how
quote unquote, how are we doing financially,

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you have to take into consideration what
you're spending and what you're bringing in,

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and if you're bringing in more than
you're spending, you're doing good.

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It's it's not it's not rocket science, and it's not true just of universal

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and it's not true just of theme
parks. This is this is business one

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oh one. So if you want
to make and I also want to point

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out because we do a lot of
you know, we we present a lot

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based on the data and the facts
that we have and by we I mean

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Philip has gathered. But but the
truth be told, data can be made

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to say anything. You can use
data to create any any story, any

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scenario you want it to create,
and you can soft sell, hard sell

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whatever. I think the important thing
to recognize is you know it is is

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I can. I have no.
I have no really hard data personally.

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No. Philip may have extra,
but I have no hard data personally that

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says that Epic Universe is behind schedule. But I'm pretty sure it is because

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it is a major theme park.
All major theme parks run behind schedule,

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especially now because again supply chains EBB
and flow, labor situations, ebb and

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flow. You know, even even
weather can impact the the construction of a

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brand new park, and especially a
part of this epic magnitude. So see

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what I did there, You see
what I did there. So again,

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that's that's par for the course.
I don't think that's anything to be either

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stressed about or or oh there.
I can't believe they're behind scheduled. Well,

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you know what, I don't think
I've ever been a park that's opened

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actually on schedule. Fully, what
they'll do is they'll change how much they

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open it. They'll they'll they'll adjust
accordingly, because again, it's business.

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So to quote one of my favorite
mentors, nothing is ever as good or

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as bad as we want to make
it out to be. The truth of

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the matter is it's coming along.
I think what is important to recognize,

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though, is universal at least from
a guest experience standpoint, has been spreading

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itself very very thinly based on a
lot of the things that we've reported here.

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So it either means that they are
and again I have no insider information

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here, but it either means that
they are incredibly confident in the successes that

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they're putting out there, or they
have a bunch they have very deep pockets,

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they have a bunch of money that
they can spend. I know that

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was true right after a Wizarding World
opened. So there's there's a lot of

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there's a lot of reasons. I
just am hoping that with all of these

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new projects that that they have been
announcing and that they are in the process

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of constructing and getting ready to open, that they have enough funding to keep

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it to the high quality level that
their audiences expect, because, let's face

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it, universal audiences expect things to
be top notch and with you know,

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the things that Philip just mentioned as
far as why things are doing so well

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in both Osaka and in California is
because it is well. It's riding on

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the shoulders of the hive, the
fifty thousand pound gorilla of of Superintendo World.

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So Yeah, there's that. Well, the Universal has been Universal has

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been incredibly successful in taking in taking
ips and strong eye piece, and you

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know, we always say it,
we always say it, it's all about

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the how well do they how well
do they actually create the experience. And

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they've been really good in the past
about taking these these mega brands and delivering

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something that guests want to see.
So it sounds like they've just done it

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again with Superintended World, and perhaps
that is what is giving them the confidence

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or the finance to continue to expand
and offer more and more product or develop

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more and more product. Yeah,
that would be my guest. Sure,

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Yeah, I think it's funny.
I think exactly what you mentioned about,

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you know, Epic will open.
How much of Epic is up for debate.

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And I have a joke with a
lot of the people we know on

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the team that like, you know, opening day is going to come and

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it's going to be here are our
restrooms? Aren't they great? And it'll

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be like and then a period you
know, the rest will be coming six

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But but again I don't I don't
think that's untrue of pretty much any major

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theme, right, I mean,
yeah, look at even you know,

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but yeah. You look at Disneyland
in the fifties, you look at at

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Walt Disney World Resort in the seventies, you look at I mean, but

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they're they're always going to have things
that are still coming down the line.

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And quite honestly, there are times
from my past experience, there are times

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where that is actually intentional so that
you get not one visit went to so

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right, we'll see, Okay,
anyway, so the second story here IAPA.

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It's like, we don't keep going
on that, right AYAPPA has opened

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up an office in the UAE in
the Middle East, and they have a

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new director of operations and a new
office, and I think that's that's pretty

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much it. Uh. The press
release gets a little bit of background on

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the director's experience or in the region. I don't say. I don't really.

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So here's the thing. I don't
have much to I think we'll talk

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a little bit more about this in
our final segment about the Middle East is

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a region a little bit. But
I don't have too much else to say

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about this because we've talked about how
this region is important, so it should

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be obvious and it's exploding. In
fact. The thing that surprises me about

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this is that how late they are
is what I would say, Like,

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I'm shocked that it took them this
long to get an office and a branch

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there. I mean like shocked in
a way. It's like, in one

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sense, it's a little late to
the game. In the other sense,

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we know that the game is different
in the in the Middle East, so

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it's it's definitely that thing where you're
like, yeah, it's that they're different

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rules here. But I think it's
high time. And I'm a little surprised

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they didn't give some sort of nod
towards that in the press release, right,

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like I would you know. That's
more what I'm surprised about is like

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they didn't say something about how how
much of an expansion this region is and

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how they been studying it for years, and you know, I have blah

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blah blah blah whatever. It's like, here's this guy, he's experienced that

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we have an office now, thank
you. Well. I think that I

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think that what's important to recognize is, first of all, let's let's recognize

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that when we say things like the
Middle East, that is many countries,

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many cultures, many different ways of
doing business, and you know, they

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based on on my experience when I
was in Abu Dhabi. You know,

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the the the opening of the Sea
World, Abu dhabis island or SeaWorld,

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Yes island, Abu Dhabi was the
next the next jewel in the crown,

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and there are there have already been
announced. There's already been announced quite a

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few expansions. Uh, Wizarding World
of Harry Potter is going to come to

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Warner Brothers World on Yas Island.
So that's Abu Dhabi. Uh. You

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look at Dubai and some of the
parks that were actually out in front of

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the curve, and some of them
Bollywood have already closed their doors and others

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are having ongoing challenges because again there's
certain things they didn't take into consideration,

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like nobody wants to be outdoors in
August in Dubai. So these things are

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continuing to evolve. It's not just
I'm excited to see that Iappa is focusing,

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is putting an office there to give
them a little bit more focus,

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because it will help also hopefully give
them a little bit more balance, because

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I think they you don't just want
to show up if everything's going right,

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everything's going well, you don't need
to be there. You don't need an

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organization like AYAPPA to help. And
now, you know, expanding outside of

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the UAE to things like Saudi Arabia, which has been you know, in

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the news quite a bit. The
Flag's Park there and and I although because

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of an NBA, can't tell you
what the project is, but I will

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be heading off there next week.
Yeah, next week. So there for

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a project. There's a lot of
growth. There's a lot of growth,

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and there's a lot of government support
for said growth. So once now that

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there is government support in both the
UAE Saudi, it's a good time to

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have the IAPPA there so that they
can continue to share the knowledge, the

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international knowledge that they have gathered throughout
their existence. And it is I think

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it's about the right time. I'm
not sure I agree with you, Philip

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in the fact that it seems late. I think it seems about right.

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I don't think if it was there
too early, it would just be supporting

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one country's efforts to expand. I
think that the expansion that's now happening in

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Saudi is the tipping point where it's
like IAPPA needs to be there now.

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And I'm excited to see that they
are opening an office and if I the

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office is based in Dubai, is
it not? Yeah? Is that what

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I read? So the office is
based in Dubai, which is which is

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great because they were really the first
area in the region, the first emirate

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certainly to dig deep into attractions and
tourism. And I think that with Iappa

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being there and being recognizable enough that
they have set up an office that I

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think it's going to be I think
it's going to beneficial and I think it's

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about the right time because we've had
successes. We've had already, like I

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said, some less than successes Bollywood, but you know, so it's it's

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time to bring them in and make
them a player. I also think this

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is something that I want to make
sure everybody is clear about. It's not

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just what it's going to bring to
the Middle East, it's also what i

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APPA is going to be able to
bring back to the rest of the world

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by having a presence, by having
boots on the ground there, they're going

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to be able to have firsthand experience
as to what's happening there, and hopefully

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that will enrich the industry as a
whole worldwide. Yeah, Okay, I

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was just going to add to that
that last point. I don't want to

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stay too long on this story,
but my last point was just that I

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agree with that last, very last
point because that's from me as Gantam's perspective.

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That's what I'm thinking about when I
read this, as I'm like,

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oh, now I have somebody.
You know, we're IAPPA members. We've

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vented at AAPA forever and we couldn't
make it out to all of the functions

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that they've been doing in the Middle
East. But now that there's an office

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there, we might have a touch
point of someone to talk to when we're

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trying to figure out how to make
sure that you know, when we have

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projects, because we have projects in
that area. So now we have someone

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to help in that area. So
that's that's that's what I'm thinking. That's

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my last point on that. So
yeah, sure, and to help and

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to help with distributorship and you know
all that sort of stuff. So okay,

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So I think the rest of the
show, I want to talk about

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the Top Risk of twenty twenty four. So this is this was a big

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report that was put out by the
Arasia Group, and the Asia Group is

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essentially they're a a risk consultancy firm, so they put together each year they're

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kind of top risks, and based
off all their analysis is what they think

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the top risks are for international business
basically, so specifically companies that are doing

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business in more than one country,
kind of you know, doing business around

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multiple tiers. So I think this
is this is not made just for theme

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parks. So the lens we're going
to take with this is what do we

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think specifically impacts from this list of
the theme parks. There's ten of them.

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We're not going to go through all
ten of them because of that reason.

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But basically, but you know,
no spoiler, it's like spoiler alert,

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but the first three of them have
to do just with wars, right,

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the United States versus itself, the
Middle East, and the Ukraine,

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and we all, you know,
we don't we're not going to talk about

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those, all of these portions because
that's not we're not experts on that.

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And also it's not a direct correlation
to the theme parks as we see it,

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or you know, I'm sure it
is, but we can't talk about

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it because we're not experts in that. So so we're going to talk about

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the things that right where it's really
going to impact. It's going to impact

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tourism overall. And I think that's
something that we can just blanketly state.

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But here's some things that we can
dive into a little bit. Yes,

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so number four, which we'll start
with number four, which is the ungoverned

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AI And I'm going to read a
little excerpt from this just to give you

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as an understanding of it, and
then we can talk about it. From

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the report, it says gaps and
AI governance will become evident in twenty twenty

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four. As regulatory effects falter.
Tech companies remain largely unconstrained, and far

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more powerful AI models and tools spread
beyond the control of governments. AI will

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continue to improve quickly, with capabilities
doubling roughly every six months. Hear that

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doubling every six months, three times
faster than Moore's law GPT five. The

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next generation of open Ay's large language
model is set to come out this year,

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only to be rendered obsolete by the
next as of yet inconceivable breakthrough in

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the matter of months. As AI
models become exponentially more capable, that technology

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itself is outpacing efforts to contain it
in real time. The two biggest risks

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from this report that stand out for
them in twenty twenty four are disinformation and

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the imminent risk is proliferation. So
disinformation and proliferation, I will say,

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I think this is something that we're
not talking about very much in the theme

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park sphere, and I think part
of it is because it's it's still yet

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to be unknown how much it will
impact it. But there's even if you

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just look at disinformation plus pliferation right, like the amount of I mean,

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part of me feels like in the
theme park sector, we're like a like

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a like a child walking into a
like a trying to cross the five just

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we're and you're just like, oh
my god, because to me, I

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see so much, so many problems. I see nobody trying to put up

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security measures to prevent them. And
at the same time, according to this

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report, it almost does a matter
because the AI is developing so quickly.

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By the time you even try and
make a security measure, it's going to

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be obsolete. So you know,
I'm worried about disinformation even in the parks,

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I mean just even in like disinformation
about tickets for sale. That what's

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going on with every news and anything
to do with the parks or any of

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the online presence, any of that
disinformation about that. There's you know,

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there's already whole news websites that have
been developed that just use AI to create

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I mean, there's so much content. And I'm going to also lend my

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personal experience as a content creator and
as a newsperson into this to give you

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more context. I have seen already
this, This is so on point.

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I've already seen an exponential growth in
the amount of AI generated content that I

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am trying to figure out if it's
real or not, or even when I'm

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making these show. Now it's the
amount of like you can just tell it

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they I generated, even whole just
there's so much out there that now we're

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not I'm not sure how to even
fact check this. I don't know what's

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going on. And even in my
pages have been attacked. It like my

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websites have been attacked by so many
new like bots you know that are attacking

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websites that have causing our serve to
clog up. And also just my personal

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pages, like my Facebook pages,
my are online pages, all sorts of

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I mean, there's a tax by
so many some of them are obvious,

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right, but just so many like
fake comments and and just fake noise just

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everywhere, and it's it's already ridiculous. And and I'm and and it's ridiculous,

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and it's just me. It's it's
like, you know, I know

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that that meta is is trying to
develop things that detect it, so like

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it's ridiculous. But that's with somebody
actively putting money into trying to prevent it.

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It's it's still ridiculous. So I'm
just concerned about how it's gonna reach

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out and hit the theme parks and
that if no, if nobody is focusing

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on this, what it's gonna what
it's going to do. I mean,

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taking control of the my Disney Experience
app, being able to hack food orders,

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you know, being able to interfere
with the face scanning and people being

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I mean, it is like,
that's my rant. Anyway, I'm sorry,

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I have nothing positive to say.
No, that's I think that's I

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think that's fine. Well, I
mean, let's just I mean, it's

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clearly it's clearly a significant challenge because
it is now right now, you know,

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we've just just recently we saw the
report that the doomsday clock is at

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ninety seconds to midnight right now to
the end of the planet. And AI

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is now one of the key factors
in either accelerating or slowing down that that

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ticking clock as to how much longer
the planet is going to exist. And

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in fact, the debate right now
that I've seen in a couple of different

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articles is which is which is more
of a detrimental factor, climate change or

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AI. And and I think that's
I think that in and of itself says

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says more than enough. But you
know, it's it's interesting to me,

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and I think we all need to
be aware of it. But you know,

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to your point, Philip, it's
developing so quickly that it's almost it's

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almost like it's almost like trying to
trying to get a sip of water from

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a fire hydrant. It's it's coming
so quickly. I'm not sure how much

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we we have to control about it. We absolutely have to be aware of

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it. I mean, you know, obviously, at this point in time,

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when this is being recorded, the
whole, the whole, inappropriate AI

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generated photos of Taylor Swift, I
mean, that's that's not that's so minuscule

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in comparison to what this could do, you know, to your point,

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it can. It could pretty much
conceivably take over any anything that is is

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computer affiliated, which by the way, is everything. So to me,

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what it suggests is we need to
continue to have parallel backups for everything we

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need to have. You know,
we've all been working so hard to create

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this, this sky net world that
we need to make certain that we have

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backups for everything. And again,
sometimes those backups maybe something as stupid as

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some sort of documentation that is not
that is in the real world. You

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know. Again, technology swings back
and forth. This is just a huge

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swing, and it's a huge swing
that has actually helped helping to generate itself.

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So when I make the skynet reference, I'm not joking. I mean

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we are We are in a situation
where the only way to develop this was

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a statement that was made not too
long ago. The only way to develop

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some of the new AI is through
AI. So sure of this is not

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even being developed by human brains.
This is being developed by something that was

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developed by that was something was developed
by that was something that was developed by

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human brains. So I just think
we need to make we need to make

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certain that we keep an eye on
this situation, and as as parks and

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professionals, we recognize that you know, AI is not the almighty answer it

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is, but it is certainly something
that is there and we can't ignore it.

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We didn't mention in this one of
the biggest pieces, which is just

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that you know, I think most
people are just worried about it's impact on

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jobs. So I don't think you
should discuss I think you know, you

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should keep that in mind as well, But again I'm not We're not experts

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in that, and the same thing
we just said apply to that. We're

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not sure you know how that's going
to impact these parks, although we believe

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that the parks are mostly insulated because
you know, you like, there's so

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much the parks are a service industry, so it's a relatively insulated from that

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port. To me, the only
advice I'm going to put here at the

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end as a media professional is just
I think that your media and tech department

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departments need to be talking about this. You know, you need to be

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having a meeting about this every week, and you need to be thinking about

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how to move your audience over to
an owned and trusted platform that you maintain

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as a way to kind of have
a stopgap measure against the onslaught of misinformation,

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right, like you know, like
essentially, you need to be able

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to make sure that you can get
all of your cast and all of your

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you know, all of your your
team members and the public and as much

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00:24:07.960 --> 00:24:12.480
people and be like, hey,
you know, these are our official sources

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of information. Here's officially where you
know, if you know, here,

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here's the drive with the official information
on it, all these things, like

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all that kind of stuff. Like
I think that's it's time for reminders and

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for training on all of those things
as to where where people can go to

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get the correct information, including your
team members, because it's not just going

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to be the guests that could be
on slided by misinformation. It could also

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be your own team members causing you
know, chaos in the you know,

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in your organization. So that that's
as a media entity, that's my thing,

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and you know, that's I'm gonna
leave it there. So, uh.

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Risk number six is a no China
recovery. And we have talked about

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this as well, you know,
significantly, But essentially it's just this report

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is laying out some of the complications
that the China's going to have in recovery,

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and including their zero COVID rebound policy, the real estate weaknesses, their

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low external demand, which would be
international demand for Chinese exports, specifically from

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US and Europe, will prove less
resilient than in twenty twenty three. Government

351
00:25:15.599 --> 00:25:19.319
economic response has been lacking. So
basically, there's a lot of factors in

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here's an excellent write up in here, But those factors we've already seen this.

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I've seen this at Gantum, and
so I think we already know feel

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this in the industry, and we've
talked about the dampening effect this is going

355
00:25:32.839 --> 00:25:37.119
to have on the tourism. But
you know, it's a great perspective on

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these things. I don't know what
else is say. I think we covered

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00:25:41.680 --> 00:25:45.880
it last time in terms of just
watch it and you know, of course,

358
00:25:47.279 --> 00:25:49.400
keep it, keep a skeptical eye. You know, at least for

359
00:25:49.480 --> 00:25:55.799
me at Gantum, we're we've looked
at our policies to twenty twenty four and

360
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we've changed some of them around basically
to add a little bit more insurance withinternational

361
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with larger national orders like this or
anything that would potentially be sold to China

362
00:26:03.680 --> 00:26:08.400
or go into the just a little
extra insurance so that we're protected against you

363
00:26:08.440 --> 00:26:11.519
know, projects failing or things like
that happening. So that's what I would

364
00:26:11.519 --> 00:26:15.319
say. Well, and keep in
mind that when we actually started doing this

365
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this podcast, China was the it
was the place location where everything was.

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It was the place and everything was
growing in it, and so you know,

367
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it was growing and we can come
up with you know, we could

368
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probably talk to fifteen different experts and
come up with fifteen different reasons as to

369
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why we're now in this position where
the recovery is so slow, and it's

370
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basically, you know, to me, it's if I'm going to stupefy it

371
00:26:41.119 --> 00:26:44.240
down, like make it super dumb
so I can understand it. It's it's

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like a child who learned to run
really quickly and has tripped and now is

373
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afraid to get up. So we'll
see, we'll see how it all or

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is unable to get up one of
the other, so we'll see how it

375
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how it all pans out. Number
nine is El Nino is back. And

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this goes to what we've talked about
with some of the climate related problems with

377
00:27:03.000 --> 00:27:07.079
as Scott even mentioned earlier, I
mean, you know, most theme parks

378
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are outside, and so that puts
US at at an increased vulnerability when it

379
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comes to climate related issues. So
I'll read an excerpt here from the report.

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El Nino will also increase the chance
of natural disasters caused by extreme weather

381
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events such as fires, cyclones,
landslides, and floods. These occurrences will

382
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bring downside risks for homes, businesses, and infrastructure, and with important implications

383
00:27:29.440 --> 00:27:33.079
for a global insurance industry already reeling
from the consequences of climate change. And

384
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you know this is a four is
the weather pattern that repeats every four years

385
00:27:36.720 --> 00:27:38.759
for context, right, so we
know that you know it's going to be

386
00:27:38.799 --> 00:27:41.640
here, and we know that it's
going to be the most intense on record

387
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because the temperature is already increasing.
I will say, I think for the

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US we're relatively insulated from stuff like
this because we have the infrastructure and we

389
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have the capital, you know,
we have we kind of we have the

390
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ability a little bit to mitigate some
of this stuff. Or where I think

391
00:27:57.319 --> 00:28:00.839
you're going to see problems with this
is again in the country's outlined in the

392
00:28:00.880 --> 00:28:06.119
impact study here, But you know
there are countries that have been trying to

393
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get there tourism more off the ground
that I think this is going to really

394
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make it difficult for them to do
because again, the weather will impact the

395
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infrastructure outside and people going to places, and also the heat. If the

396
00:28:18.880 --> 00:28:22.599
heat was a problem last year in
Orlando, let me tell you, it's

397
00:28:22.680 --> 00:28:26.559
going to be a bigger problem this
year. That's exactly what I was going

398
00:28:26.640 --> 00:28:30.480
to say. I mean, we've
already talked about two different both both SeaWorld

399
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Parks Entertainment and and Disney in their
in their their profit statements, and you

400
00:28:36.279 --> 00:28:38.160
know when they were talking about their
their profit and loss for the year,

401
00:28:38.720 --> 00:28:42.640
blaming the weather as being an issue. Well, it's going to continue and

402
00:28:42.720 --> 00:28:45.559
be worse. I think that's something
we have to take into consideration that yes,

403
00:28:45.680 --> 00:28:49.000
it will impact us here in the
US and anything we can do to

404
00:28:51.039 --> 00:28:53.880
you know, if you're looking at
a SWAT analysis, this is one of

405
00:28:53.960 --> 00:28:57.799
those possible threats and we should be
prepared for them. Yes, And I

406
00:28:59.000 --> 00:29:02.279
was my suggest this one's gonna be
the same thing as the previous one.

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You need to be having like an
all hands kind of weekly to discuss like

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what is our contingency, what are
we going to do if it's too hot?

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For people. How are we gonna
make sure that people can still enjoy

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our parks with the heat, with
the cold, with the wind, damage

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to structures, that type of thing. And number ten, which also relates

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to us here, is they're calling
a risky business. But it's essentially what

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we talked about with the Disney versus
De Santists struggle. You know, the

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report says companies caught between conservatives and
progressives will nonetheless see their decision making autonomy

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limited and their cost of doing business
rise. Forced to navigate conflicting laws,

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regulations, and court rullings across red
and blue states, business leaders will find

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themselves in a lose lose environment of
higher policy uncertainty and regulatory risk. I

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think that sums it up pretty well. I was gonna say, I don't

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know how, I don't know how
much more clear that could be stated.

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I think that's that's spot on.
And you know, people will want to

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stick their heads in the ground and
say, no, it's just because the

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00:29:59.359 --> 00:30:03.000
other side is stupid. The truth
of the matter is it's because both sides

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00:30:03.039 --> 00:30:04.200
are being stupid, and this is
a perfect example of it. And I

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think it's really summed up that the
lose lose scenario is exactly what's going to

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end up happening, and I think
we just need to be aware of that

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and make decisions whenever we are creating
policy, or working to create policy,

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or supporting people who are creating policy, to keep this in mind. We

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are not trying to create a win
devastation scenario. We need to create win

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win scenarios to try to avoid lose
lose scenarios. And that's going to be

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really difficult, and it's going to
be a very slow turnaround, I think,

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but we'll see where it goes from
here. One thing I do know

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for certain, though, and that
is that we are out of time.

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It has been We've completed our thirty
minutes, and I am thrilled that you

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00:30:45.720 --> 00:30:49.079
sat through yet another half hour with
us. So on behalf of Philipernandez with

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00:30:49.079 --> 00:30:55.079
GANDAM Lighting and the Hunted Attraction Network
and myself Scott Swinson with Scott Swinson Creative

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00:30:55.119 --> 00:30:59.519
Development. This is Green Tag Theme
Park in thirty and we will see you next week