No company is too big to fail. Eve the once mighty Sears is almost finished after 100+ years.
Even
Over 35% of Disney's revenue comes from the theme parks. Those are closed, and decisions by the Disney brass to appeal to wine moms, "Instagram influencers," and the woke crowd have not gone over well. Price increases have gone to "ludicrous speed." While the parks are closed, they're updating their menus at their restaurants. A hamburger is $19. A custom light saber is $200.
I still don't think their movie sales are legit. Disney does serious shenanigans with their bookkeeping, like all movie studios, and I think some of their billion dollar blockbusters are due to Disney buying tickets to their own shows online (for the first three weeks, Disney gets something like 90% of ticket sales on their big movies, so they can buy $100 worth of tickets for $10 after they get their share back. So, the Aladdin remake made a billion dollars? How come every billion dollar movie until last year was all over social media with memes, quotes and references? Heard ANYTHING about Will Smith's genie? I'm telling you, they bought their own tickets online to boost the perception of ticket sales.
They've been sucking up to China, and there's about to be, at best, a Cold War. Mulan is not going to be released anytime soon, and it won't make money in the states. Nobody in the US wants to see something about Noble China right now.
Y'know how everybody talks about them spending $5 billion on Star Wars? They spent over $50 billion on FOX. What did they get? The Simpsons is 15 years past it's prime. They got old movies. They took on a butt load of debt for that acquisition. Since the parks closed, they've already borrowed billions to finance debt and operating expenses.
The next phase of Marvel with Captain Marvel, Lady Thor, lesbian valkyries, and Spider-man being a SIMP is not going to sell, and they just hired Harvey Weinstein's personal assistant just signed on to make a feminist Star Wars trilogy.