Posted on 11/09/2022 12:53:50 PM PST by BenLurkin
Shares in Walt Disney tumbled 11% to the lowest since March 2020 on Wednesday, as ballooning costs at the entertainment giant’s fast-growing streaming division cast a shadow on strong subscriber additions.
Disney+ has attracted millions of subscribers and will launch an ad-supported tier next month, but executives’ promise of profitability next year and forecast for operating results in the next quarter failed to impress.
The company, led by CEO Bob Chapek, missed analysts’ expectations for fiscal fourth-quarter earnings after a $1.5 billion loss in its streaming division.
(Excerpt) Read more at nypost.com ...
Get woke, go broke.
This alone makes me wish I could vote for Desantis from Alabama.
Democracy in action. 👺
Stock market overall is crapping the bed, I suppose because of election results, investors feel we won’t have any respite from Democrat central planning and woke social-engineering.
That’s terrible maybe they should hire Chris Wallace
Maybe human sacrifice on the Matterhorn, or dwarf exotic dancers in the Small Small World ride. Try to be a little more edgy.
I got Disney+ for a year free with my Verizon subscription. Since I have no kids in the hose it had nothing for me. Just comic book and star wars movies. I outgrew them.
Yawn…much deserved…stay out of people’s personal lives…and don’t push wokeness…
Today’s Disney can go bust for all I care.
Return of the bear after a brief pre-election rally. Not a surprise given the results last night.
You mean homosexuality and transgender themed entertainment targeting kids isn’t popular????
WHO KNEW???
The Disney Parks USED to be immaculately clean, the rides kept you entertained while you waited, the rides were completely immersive (you couldn’t find a door hinge, or light switch in a ride that was publicly available - everything was custom made), the rides were truly superior to other theme parks, and the exit through the gift shop was standard.
Going to the park WAS an experience. People talked about the rides, the whole Disney experience was fun, from the way “Downtown Disney” used false perspectives, to the color palates- Disney delivered on it’s entertainment claim.
Then, new managment. The parks are dingy, and the rides are little more than re-packaged 1990’s arcade games, hawking a T-shirt at the end. They are clearly there to take your money, and give as little “memory or experience” as possible.
After going woke, they decided to just live off their reputation with minimum investment. Meanwhile, Universal has exploded onto the scene; offering more rides, more fun and at a fraction of the price. Disney is now in a death spiral, imho.
“Today’s Disney”
Well put.....the disney I remember came on Sunday night tv after Jim Fowler wrestled an anaconda or a lion during Mutual of Omahas wild kingdom and the theme park offered the much desired “E” ticket rides.......what these parks are today is an abomination IMO.
And BTW.......After Wonderful World of Disney went off it was time for Laugh In.
CPI tomorrow morning. Market could sell off, or fly.
Maybe they should make more cartoons about the devil and sexual deviancy.
CEO Bob Chapek to board of directors: We need more gays and transgenders in all our programs.
Good. Just for fun I check the Disney(DIS) stock price every few days just to see if they have reached a new 52 week low. A year ago they were at $163. Today, they are at $86.75
I do the same for Paypal (PYPL). A year ago, Paypal was a $216 per share stock. Yesterday, it closed at $78.68.
I wish they would just go out of business.
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