Posted on 11/30/2023 11:19:37 AM PST by Navy Patriot
Speaking at the 2023 DealBook Summit in New York on Wednesday, Elon Musk, the owner of social media site X (formerly Twitter), scoffed at advertisers leaving the platform because of antisemitic posts he amplified there.
“If somebody’s going to try to blackmail me with advertising? Blackmail me with money? Go f---yourself. Go. F---. Yourself. Is that clear?” Musk singled out Disney
CEO Bob Iger in the audience, saying “Hi Bob!”
He also implied that his fans would boycott those advertisers in kind. “The whole world will know that those advertisers killed the company and we will document it in great detail,” Musk threatened.
He also told interviewer Andrew Ross Sorkin, “I have no problem being hated. Hate away.”
(Excerpt) Read more at cnbc.com ...
Thanks, Liz!
y/v/w
Disinformation keeps 'em going until it finally collapses.
Disney's image was Disinformation, and it finally collapsed.
Musk supplied the Publicity necessary to collapse it.
Musk cares more about his projects than he does his money, that's why he risks the money and supports his projects to completion.
Agree with all your points.
Here's Iger stirring the pot when he claims that he wants to "quiet the noise." Makes him look disingenuous at the least...and feeds the corporate gadlies who attend Disney stockholder meetings trying to create trouble.
Musk knows exactly what he's doing.
BTW, they are picking on Musk about anti-Semitism when they are the ones living in glass houses, not Musk.
Does Go F Yourself mean “I Never Want to do Business With You?”
Are these companies in any way whatsoever required to buy advertising on X?
Trump/Musk 2024
You miss the point.
Disney added a new risk disclosure to its shareholder reports warning that revenues may be impacted by consumers who don’t like their content decisions... or something like that. While this may seem normal (I mean, some movies and TV shows just don’t get an audience that’s part of the business) but this was more about a sustained consumer decision to just stop consuming Disney products.
Of course they are not required to buy advertising on X. Though by withdrawing advertising they are further injecting themselves into social and political issues. In this particular case it was about Musk commenting on a tweet that wasn’t really anti-Semitic, but his enemies tried to portray it as such. In fact, Chuck Schumer went on the Senate floor and basically said the same thing the tweet said that “Jewish Americans feel left alone by their political allies on the left”.
Musk is mocking them, though, saying “I’m the richest man in the world, you can’t force me to change my stance on free speech by withholding advertising dollars to X” - and at the same time taking the offense by saying to them “let’s see what ‘the people of earth’ will think about your efforts to mischaracterize free speech and let them decide”.
I still have some reservations about his business dealings with China but overwhelmingly, I think Musk is on the side of the angels.
cnbc.com
11/30/23
Alex Sherman
Disney CEO Bob Iger acknowledged his company has focused too much on woke movie messaging and not enough on quality storytelling.
Disney Chief Executive Officer Bob Iger said Wednesday he will no longer tolerate his company’s partners and creative team prioritizing messaging over storytelling.
“Creators lost sight of what their number one objective needed to be,” Iger said at the DealBook Summit in New York on Wednesday. “We have to entertain first. It’s not about messages.”
Iger has recently pushed to improve the quality of Disney films in 2024 and beyond. He is cutting back the number of movies Disney makes to focus on making better films. Earlier this week, he told Disney employees at a town hall that creating hit movies is the best way the company can change perception for investors and employees.
Iger said Disney’s prioritization of messaging over storytelling peaked “while [he] was gone” in 2022, alluding to the 11 months he left as Disney’s executive chairman. Iger had been in charge of “creative endeavors” in 2020 and 2021, even while Bob Chapek ran the company as CEO.
“We have entertained with values and with having a positive impact on the world in many different ways. ‘Black Panther’ is a great example of that,” Iger said. “I like being able to entertain if you can infuse it with positive messages and have a good impact on the world. Fantastic. But that should not be the objective. When I came back, what I have really tried to do is to return to our roots.”
Disney has dealt with blowback from Republican politicians, including Florida Gov. Ron DeSantis and Sen. Ted Cruz, R-Texas, and critics on social media for including a same-sex kiss in 2022’s “Lightyear” and an openly gay character in 2022’s “Strange World.” 2023’s “Elemental” also includes a nonbinary character.
While Disney has a long history of infusing storytelling with positive morals, Iger acknowledged during Disney’s earnings conference call earlier this month that he believes the company’s storytelling has suffered as the company has increased the number of movies it’s made for both Disney+ and theatrical release. Iger reiterated he has stressed to his creative executives and production partners that making engaging stories has to be Disney’s first priority.
“I’ve worked hard since I’ve been back to reminding the creative community who are our partners and our employees that that’s the objective,” Iger said. “And I don’t really want to tolerate the opposite.”
Iger’s comments come as Disney faces pressure to turn around its business and boost its share price. Sustained box office troubles, including the recent disappointing showings of “The Marvels” and the animated film “Wish,” have weighed on the company’s performance.
Activist investor Nelson Peltz’s Trian Fund Management said in a statement Thursday it will move forward with an effort to nominate new directors to the Disney board, concluding that “investor confidence is low, key strategic questions loom, and even Disney’s CEO is acknowledging that the Company’s challenges are greater than previously believed.” Trian will seek multiple board seats, according to a person familiar with the matter.
Disney named two new board members on Wednesday — former Morgan Stanley CEO James Gorman and former Sky CEO Jeremy Darroch — as it gears up for a potential proxy fight. Current Disney board member Francis A. deSouza won’t run for reelection at the annual meeting.
WATCH: Iger speaks at DealBook Summit
That Disney's woke actions over the last fifteen years have destroyed a great company. It was just a matter of time until some other larger corporation bought them out. However, their stock price will probably continue to fall before they are bought.
They compared the maleficence at Disney to the same as InBev/Anheuser Busch
I'm not so concerned about Musk doing business with China when he can get Space X built and have it perform far better than NASA ever did or will.
I'm concerned about the US Government doing business with China.
Thanks Fretzer!
#CancelDisney
The thing about these wokester/leftist company leaders is that they are zealots and fanatics. They are willing to take a short term / temporary hit to their company financials. They keep a low profile and wait for the outrage to pass so that their financials recover soon. The only way to make them pay is for the financial loss to be long term and significant.
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