It feels like they lost their way at WDW, which many argued happened at DL more than a decade ago before self-correcting. Billions of dollars in MyMagic+ which isn't so magical. Underwhelming rides that went way over budget and didn't produce any satisfaction. The comments about Rivers of Light, a simple night show that is over budget on time and money. Building rides that are geared for young children. They ignored what I would consider to be the basic tenet of theme parks and that is to design for your guests instead of dictating to them. They haven't built anything for a while to interest adolescent children. We were told that MyMagic+ would make everything great and it simply wasn't. It's just been a morass of bad or questionable decisions. The bad thing is that people say, "They need to fix this quickly!" We need to understand that they cannot change this quickly. I think that it is matter of reigning in the cost overruns, particularly for ride creation, and starting to define the parks in ways that are true to their theme. Then, start building rides that make sense for the park receiving something new. Focus on building DHS out to a fully-formed park with more than four new rides.
It's a lot like the car manufacturing industry. Some manufacturers made poor automobiles and just figured that the population would buy the cars for the badge on the front of the car. People started saying, "No, I want quality, efficiency, and these types of things." Until the manufacturers made changes, they fell backward in market share but they are finally regaining position.