Theme Park Business Unbundling
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The idea is to unbundle traditional theme park components into standalone successful businesses, focusing on specific experiences rather than creating full theme parks.
Key Components:
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Unbundling Strategy:
- Take individual components of theme parks
- Create focused experiences around single elements
- Don't try to build complete theme parks
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IP-Based Opportunities:
- Use YouTube characters (Cocomelon, Blippi)
- Religious themes (like Holy Land Experience)
- Science museum exhibits that have proven longevity
- Broadway shows with staying power
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Experience-Based Components:
- Photo experiences (like Museum of Ice Cream)
- Parades as standalone attractions
- Physical challenges (like Tough Mudder, Spartan Race)
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Market Drivers:
- Growing demand for real-world experiences
- Need for experiences that can't be replicated digitally
- People seeking reasons to get away from screens
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Revenue Example:
- Religious theme park (Holy Land Experience) generates $10M/year in ticket sales
- Potential for much higher revenue with more commercial focus (vs. non-profit model)
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Target Markets:
- Families with kids
- Experience seekers
- Social media content creators
- People looking for unique physical experiences
37:41 - 42:13
Full video: 01:18:01SP
Shaan Puri
Host of MFM
Shaan Puri is the Chairman and Co-Founder of The Milk Road. He previously worked at Twitch as a Senior Director of Product, Mobile Gaming, and Emerging Markets. He also attended Duke University.