Posted on 02/09/2023 3:35:07 PM PST by conservative98
Disney’s woke streaming services are still hemorrhaging money at an alarming rate, losing more than $1 billion a quarter at a time when CEO Bob Iger is trying to put the brakes on the company’s runaway spending habits.
For its first fiscal quarter, Disney’s direct-to-consumer business — which includes Disney+, Hulu, and other services — lost $1.05 billion, a 78 percent larger loss from the same period a year ago. The figure represents a slight sequential improvement from the fourth quarter, which saw a $1.5 billion loss for the unit.
The latest results come as domestic Disney+ subscriptions barely rose for the period, which included the Christmas season that normally would see a sizable bump in new customers. Worldwide, Disney+ lost 2.4 million subscribers, mostly due to its deal with India’s HotStar.
Disney+ has been wrestling with sluggish domestic subscriber growth in recent month as the streamer has increasingly embraced woke identity politics in its entertainment geared toward children.
As Breitbart News reported, the Disney+ series The Proud Family: Louder and Prouder is pushing reparations for slavery, claiming in its latest episode that America was founded on “white supremacy” and “still has not atoned” for its racism.
Disney+ recently featured a transgender “man” who menstruates in its animated Baymax series for kids. The streamer has also cast a drag queen and a “trans-masculine” actress in the upcoming Marvel superhero series Ironheart.
Hulu has also gone full woke with its docuseries adaptation The 1619 Project. The series has attempted to resurrect the original New York Times series’ most contentious and debunked claim — that the Revolutionary War was fought in large part to preserve slavery.
(Excerpt) Read more at breitbart.com ...
If it wasn’t for the parks revenue they’d be completely screwed.
CC
That's gonna be a challenge for a company pushing a pervert grooming agenda instead of products the customers really want.
How do you lose a billion dollars a day from a streaming service? Should be just a warehouse full of servers. What are their costs?
I meant a billion a quarter. But question is the same.
Plus, Gov DeSantis taking steps to make Disney pay their “fair share” of taxes. Soak the big corporations, right children? Ain’t Karma a b*tch.
Producing Content for their streaming service. Expensive series.
I heard he had caved on that deal.
I'm sure the new 1619 Project on Hulu will be a big hit. NOT!
Disney+ recently featured a transgender “man” who menstruates in its animated Baymax series for kids. The streamer has also cast a drag queen and a “trans-masculine” actress in the upcoming Marvel superhero series Ironheart.
Hulu has also gone full woke with its docuseries adaptation The 1619 Project.
And they wonder why they are using subscribers?!
Give me liberty or give me death
If this be treason, make the most of it.
Taxation without representation is tyranny.
Join or die.
These are the times that try men's souls.
When in the course of human events....
Yeah, the cause of slavery is written all over the revolution. I declare Nikole Hannah-Jones should be jailed for the excremental divisive race-war-inciting hogwash she is selling (and getting rich from).
Joe McCarthy was 100% correct. The eneMedia hated him for outing their embeds.
The top management will skate from the repercussions of their actions. Unfortunately it is the rank-and-file employees who will bear the brunt of it.
Who says there’s no good news?
Losing sorry....
You still have to produce the content that those servers host and transmit.
Andor is good. Not woke. They can’t see when success stares in their faces.
Just wait, next they'll be saying the the Louisiana Purchase was done specifically to expand slavery. These are twisted, sick people.
They aren’t going bankrupt..
Bob Chapek was a fustercluck, to be sure, but Disney has had long term issues well before Chapek…
However they made $3.2 Billion in profits in 2022.
Unfortunately people still watch ESPN and go to their theme parks amongst other things so they’re making plenty of money....sadly.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.