Investor Nelson Peltz says price rises at Disney's theme parks are unsustainable.
Disney is facing criticism from a high-profile investor that is unusual in the business world: that it is squeezing money out of its theme park customers.
"Disney may believe that price increases and 'nickel-and-diming' of cast members and other costs is good for the bottom line," he says. "However, we suspect it is short-term thinking that puts the brand value and long-term health of the business at risk." The increases have come at a time of widespread price inflation across the economy. Staff at Disney parks have also repeatedly protested for higher pay in recent years.
He says the firm overpaid to buy the bulk of Rupert Murdoch's Fox empire and granted "over-the-top" compensation packages to chief executive Bob Iger, who was recently reinstalled as chief executive.
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