Disney’s acquisitions going back more than a decade haven’t panned out.
Disney stupidly paying George Lucas $10 billion for Star Wars.......money they’ll never get back.
They’ve recently laid off 7,000 people.....after laying off 32,000 due to Covid lockdowns.
Streaming services are a financial bust. ESPN+ is a money pit.
Disney’s ABC TV is also a bust......reportedly even up for sale.
Disney to take hit of $2.5Million per room for failed Star Wars Galactic Starcruiser hotel
SF Gate ^ | 8/15/2023 | By Katie Dowd
Posted on 8/15/2023, 8:00:27 AM by NohSpinZone
Scrapping the infamous Star Wars: Galactic Starcruiser hotel cost Disney $250 million, the company announced in its quarterly earnings call last week. With only 100 guest rooms, that breaks down to $2.5 million per room for the failed venture.
The Galactic Starcruiser in Disney World was billed as a one-of-a-kind “Star Wars” experience. Each two-night booking was meant to feel like boarding a cruise ship in outer space, and guests were given a “mission” involving characters from the most recent “Star Wars” trilogy. It was a gamble on a relatively niche — and expensive — concept.
But at about $4,800 for a two-person “cabin,” the cheapest tier offered, Disney fans complained that it was simply too much for two days. In May, barely one year since opening, Disney announced it was shuttering the Galactic Starcruiser.
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ABC might be for sale?
For many years l have hoped just one of the 3 broadcast nets would be bought by someone who isn’t a rat collaborator. Imagine ABC owned by someone who was just neutral. It would absolutely dominate the ratings within weeks. The left has a death grip on the nets for a reason. It would take a covert purchase by someone like Musk and it would be a game changer.