Posted on 11/18/2022 9:45:33 AM PST by Red Badger
Disney has faced a series of problems with its theme parks and films, as well as its Disney+ streaming service that has exclusive rights to Disney movies and TV shows.
Axios reported that Disney has lost over $4 billion from its streaming service during Fiscal Year 2022.
Disney’s customers have reported widespread dissatisfaction over Disney’s rising prices and issues with park cleanliness and rides malfunctioning, contributing to its falling stock prices.
Disney’s stock has lost 41% of its value on the year, an alarming dip for investors who have repeatedly raised concerns about the company’s business model.
Disney’s senior executives have remained optimistic, saying that the company’s losses will decrease in the coming months and years and that they believe the company will start to grow again by 2024.
The DC Examiner Reports–
The Walt Disney Company saw the worst stock price loss since 2001 on Friday. The company has been struggling and suffering losses with its Disney+ streaming service and courted serious controversy and withering criticism from the Star Wars and Marvel fanbases for terrible creative decisions.
The corporate officers of Disney have assured their anxious investors that an upcoming price increase, amidst a recession and an inflationary crisis that is crushing entertainment budgets, and an ‘ad-tier’ that offers limited content with advertising will stop the financial bleeding according to Axios.
As reported by Breitbart however, this would not be the case. Disney’s stock would plunge a further 13 percent on Nov. 9, contributing to the overall loss of 44 percent year to date.
Todd Spangler of Variety tweeted that Disney lost about $24 billion in market cap that day.
Lol. They still don’t get it.
Hollywood is dying, Big Tech is dying, Big Media is dead. What do they have left?
Go Woke, Go Broke
Can’t say I’ll be shedding any tears.
Bulls say
“Although making movies is a hit-or-miss business, Disney's popular franchises and characters reduce this volatility over time. Additionally, the firm’s annual slate does not generally rely one big picture, reducing the downside from a flop.
Disney+ has a long runway for growth available in both the U.S. and internationally. The firm’s original series and the deep and constantly expanding library will drive the growth.
The parks and resorts segment will rebound strongly from the pandemic as families still view the parks as a prime vacation destination.”
Morningstar
Let’s be extremely conservative and say 5% of the 40% decline is due to the market rejecting their sole corporate philosophy. If you’re management and you care about your fiduciary duty to your shareholders, you’d move to shore up every weak point. Not these guys!
Get woke,
Go broke.
No f-ing way
I go to Disney or give a dime to anything disney. Disney.
Nope, they double down on woke despite losing sales.
When you turn a place to gay-land and deviates it will always get dirty.
“Hollywood is dying, Big Tech is dying, Big Media is dead. What do they have left?”
Ballot harvesting, They don’t really need anything more than that.
Liberals are always incompetent. Put a leftie in charge of a good profit-making company and he will turn it into a disaster in short order. They are lazy and incapable of learning. After all, they already know the answer to everything. Nothing is ever their fault. They fire the janitor and then wonder why the place is dirty.
big government?
Blow that, Mickey.
The movies etc that focus on storytelling do well and always will. The movies etc that start with a woke committee that fills every woke hole… bomb.
C’mon man, bring out more gay, tranny, woke themes to save yourself…
I had Disney+ free for a year as part of my Verizon account. Was not impressed. Not much content for adults other than super hero and Star Wars movies, neither of which I am interested in.
It is more important to Disney management to fight against allegedly homophobic laws passed in Florida , than it is to actually run their business. It’s more important to score political points with the liberals, and somehow show they have great courage to stand up to Ron DeSantis.
Exactly! And, “fire the police and wonder why their daughter, mother or sister got raped!”
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