Jay Rasulo spoke at the Lion King Theater in WDW this evening to a group of Stock Brokers and other invited Investors.
He had 3 major points.
1. Improve Existing Businesses
He stated the Hong Kong Disneyland was moving "More Slowly" than expected, which matches Tom Staggs comment that HKD was "more challenging than we thought" made earlier today.
He mentioned that "Where Dreams Come True" will be a long term marketing idea, and then addressed the current year plan, Year of a Million Dreams where he described the program and mentioned that over 300,000 prizes (he called the dreams) have been rewarded.
2. Tapping into Emerging Markets
Talked about potential growth, especially in the Asian, Eastern Europe and Latin American markets.
3. Establish a Bigger Footprint
This was the most interesting part, because he talked about possible BLUE SKY ideas. Once again, the following plans are NOT concrete and are still just in the discussion stages. Also, these Ideas are worldwide proposals, so they might only be built outside of the USA.
Building Themed Hotels in cities other than those that have Disney Theme Parks, where you would just have a Disney Themed hotel. Good potential for 3rd party Equity funding, and working with third party vendors, similar to the Oriental Land deal.
Opening Downtown Disney Shopping Malls in non-Theme Park cities as a stand alone location. He stated the the Anaheim Downtown Disney location is in the Top 5 California malls based on Sale Revenue per Square foot.
Building stand Alone Disney Water Parks in new cities, maybe Indoor, maybe Outdoor or both.
Building smaller "Niche" theme Parks that are Deeply Immersing, where Disney could have a smaller initial outlay, but be able to charge an All Exclusive Price that would be Many times the current cost of visiting a Disney Theme Parks, either near the existing resorts, or as a Stand Alone park in a new city.
Then he talked about two Existing Businesses that had some BLUE SKY ideas.
The possibility of expanding the Cruise Line, if they can get the right price on building new ships. The West Coast 2008 schedule set a 1st day Booking Record, and that both Repositing Cruise have been Oversold.
And then DVC (Vacation Club), how the investment is low and has brought in Strong Double Digit Profits. They have been tracking the owners that have been trading points for other locations for the possibility of building DVC hotels in popular Foreign locations. One interesting comment, he specifically talked about expanding DVC to "Walt Disney World and Around the World", with no mention of Anaheim.