Posted on 08/21/2022 4:44:35 AM PDT by devane617
Cable cord cutting is eating into Disney’s linear businesses, including its still-profitable sports cable network ESPN. The Disney+ streaming service is growing, but still losing money. ESPN along with decent theme-park attendance is why the company posted strong third-quarter results. Disney is betting big on streaming but it may not be the magic bullet many industry pros hoped for, or Netflix wouldn’t be missing performance targets.
Then there are the unstated reasons Disney is in trouble, the one that industry executives, investors and rivals will tell you when they’re not being quoted by name: Woke don’t sell, particularly when it comes to a company trying to sell kid-oriented programming and theme-park experiences to Middle America.
In his letter to Disney CEO Bob Chapek, Loeb didn’t say any of this. (He also declined to comment for this column.) His letter stated explicitly he wants an outright sale of ESPN to pay down debt and allow ESPN to make up for the cord cutting and fully flourish in the sports gambling business, which doesn’t fit with Disney’s family-forward image. He’d like to totally suspend the dividend and buy from rival Comcast the remaining 33% stake of the Hulu streaming service it doesn’t own.
(Excerpt) Read more at nypost.com ...
I deleted the disney+ app and will never watch again. These woke companies are beyond redemption because the majority of people who work there (but not all) are beyond redemption.
Grooming children is OK but sports gambling is not.
Welcome to Woke Disney-land.
Read later.
Bad excerpting. Who is “Loeb”? I shouldn’t have to click on a link to NY Post to find out.
Grooming children is OK but sports gambling is not.
—
Sort of a variation on the “lib logic” that conversion therapy of gays who’d prefer to be straight is wrong, but a 5-year-old boy deciding he’s a girl, and having doctors then lop off parts and pump the kid full of hormones and puberty blockers is a-ok.
I hope Dan Loeb will force a sale of ESPN, ABC and get a new board... Good luck Dan!!
There’s a commercial running down here in Mouse country presenting a 30-year Army vet who decided on being a “cast member” for his second career. The subliminal message is clear: “Please love us, see we even love veterans, help us get that sonovab*tch DeSantis off our backs!”
Dan Loeb is an activist investor. If you don’t like the exert then read the article. I aint yo mama...
Geniuses just figured that out.
“Geniuses just figured that out.”
Dan Loeb is an SOB with money. He could not care less about the trans lobby or woke culture. He is about money and nothing more.
“...trying to sell kid-oriented programming...”
“More like kid-targeted tranny-oriented programming.”
That too.. if you recall Disney’s been sneaking little occultish things and pornographic images etc.. into their movies and programming over 60+ years.
I don’t think Walt was all that innocent, or had no knowledge, because a level of this stuff was going on when he was alive.
anybody know anything about a Disney cartoon ‘Bluey’? My grandson loves it but I’m unsure of the messages ...
Walmart had an ad on TV promoting their streaming deal with Disney.
The ad featured a drag queen.
I did my bit to kill Disney. I bought stock. That’s almost guaranteed to drive any company into bankruptcy. I’m willing to take the financial hit, if it will kill those bastards off.
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