Adam Maguire

Many, again, flipped onto this new thing called eBay to try and make a profit.

The Frenzy did give us one classic YouTube moment, which is a US News report from a queue in Dallas where a woman arrives with $100,000, very proudly tells a reporter of her plan to buy as many iPhones as she can that she's going to then sell on eBay.

She pays $800 to the guy who's first in the queue, who happens to be a young Mark Rebillet who's gone on to be a successful musician.

When she gets into the shop, though, she's told it's only one item per customer.

Ah!

So she's down her 800 euro.

Mark is able to queue anyway, get a phone, which at the time cost $500.

So he's able to buy that and all the accessories for free, essentially, with that woman's $800.

And she walks away with at most one phone to sell on eBay.

Yeah, they're hugely important.

You know, when we talk about how well Disney as a business is doing, we tend to focus on, you know, the movie releases.

So, you know, is the latest cartoon or blockbuster done well at the box office or does it cost more to make than it got back in cinemas?

Or maybe we look at how many subscribers Disney Plus is getting and whether it's closing the gap on Netflix.

And those parts of business are important.

But when we focus on them, we actually kind of have the Disney business model backwards.

Because when you look at their financial reports, Disney Inc., it's essentially broken down into three segments.

You have entertainment, which covers the movies, Disney+, most of their TV channels and so on.

You have sports, which is pretty much ESPN and a few other sports networks in the US.

And then there's experiences.

And this is what covers all of the resorts, the theme parks, travel-related operations, etc.