Daily News 2023.1.17---DO YOU THINK DISNEY'S BEST DAYS ARE BEHIND THEM?

Disney may still be home to the Magic Kingdom, but one high-profile investor is calling them out for their dirty tricks!
Nelson Peltz, who's the billionaire chairman of fast food giant Wendy's as well as Brooklyn Beckams father in law, is angling for a seat on the Disney board.
And in a recent presentation titled “Restore the Magic”, he laid out all the things he thought Disney was doing wrong.
The criticisms were wide-ranging, including how they overpaid for a large chunk of Rupert Murdoch's Fox empire and how their streaming service is losing money, hand over fist.
But his biggest criticism was about how Disney theme parks are squeezing every cent they can from their customers. So much so that he thinks the brands value and long-term health are at risk.”
And he's not wrong. With yearly price increases, from admission tickets to food, per person spending at a Disney theme park has gone up 40% since 2019.
Its estimated that a family of 4, 2 adults and 2 kids, would need to budget anywhere from 65 hundred to ten thousand dollars for a 5 day trip to Disney World.
Peltz says that Disney is in "crisis" and that many of its challenges are self-inflicted.
And for proof, one need only look at the performance of Disney stock over the last year. It's down almost 50% and headed for it's worst year since 1974.
Do you think Disney's best days are behind them? Or can this iconic company turn things around? Let us know in the comments, and make sure to like and follow the Bikini Report for more daily headlines.
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