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 ...
Stop paying for streaming services, period. They don’t have to bother with making stuff people will actually have to watch if you just pay them whether you watch or not. Network TV is worse for the same reason - retransmission fees and they get revenue whether they have ratings or not.
They should just continously stream all Disney content that was made up through Finding Nemo. Make no new content.
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