Disney World moves forward on massive park expansion after settling lawsuits with Floridahttps://t.co/IGzUpprd3f
— Florida’s Voice (@FLVoiceNews) April 4, 2024
Ruh roh! Sensing another shareholder suit will be incoming.Quote:
Last month, the Mouse House released a detailed, 67-page report for investors "singing the praises of its chief executive Bob Iger in a bid to convince stockholders to side with him in a battle with activist investors," as Forbes' Caroline Reid put it. I included the link because Reid did in her write-up, but the PDF file is no longer there, perhaps flushed down the memory hole.
Reid's article is a bit technical but the upshot is that when calculating the studio's return on investment for franchises like The Avengers and Star Wars, Disney didn't factor in the acquisition costs of buying Marvel and Lucasfilm.
"Calculating ROI on revenue rather than profit ignores the costs so artificially inflates the result," Reid explained. Well, yes. It's really easy to show a profit when you include revenues but conveniently leave out major expenses.
Reid concluded that "Disney hasn't misled investors as the methodology is in the fine print." But the methodology itself is a scam, a way to calculate returns on investment that no reputable firm would ever use. The Avengers movies made boatloads of money (at least until recent years) but Star Wars is probably still in the red despite what Disney told investors
#NEW: Walt Disney World agreement with DeSantis-appointed district permits construction of a 5th theme park, just a couple months after legal qualms ended between the company and Florida
— Florida’s Voice (@FLVoiceNews) May 30, 2024
It also includes up to $17B of investments from Disneyhttps://t.co/8ZLyzwWlbf
So Disney dropped its lawsuit against Florida and Ron DeSantis, admitted Florida and DeSantis were legally correct, and is now investing $17 billion in the state. Total victory for DeSantis. He made Disney CEO Bob Iger his bitch. https://t.co/2O1SnMWR0F
— Clay Travis (@ClayTravis) June 6, 2024
Gone the ex-girlfriend who will never return.akm91 said:
So has anyone seen OP lately?
.@ClayTravis: "Effectively, Disney is saying @RonDeSantis you were right. We apologize for all the Don't Say Gay BS. We are bending the knee to Trump, DeSantis and reasonable parents out there." pic.twitter.com/9ojHsNER5X
— The Clay Travis & Buck Sexton Show (@clayandbuck) December 18, 2024
BREAKING: Disney has decided to pull transgender storyline from their upcoming Pixar streaming series “Win or Lose”
— Libs of TikTok (@libsoftiktok) December 17, 2024
Disney’s official statement: “When it comes to animated content for a younger audience, we recognize that many parents would prefer to discuss certain subjects… pic.twitter.com/qCNanylTqd
Quote:
But Disney CEO Bob Iger and his executives bent the knee anyway. They "obeyed in advance" to curry favor with Trump and lessen the odds that he would seek vengeance against them. Disney apparently didn't like being on the wrong side of Florida Gov. Ron DeSantis and had no interest in repeating the experience with Trump. At least for now, arousing Trump's ire is bad for ratings and thus profits.
The calculations for Disney aren't hard to figure. Settling the case for a $15 million contribution to Trump's presidential "library" (no doubt a future shrine at Mar-a-Lago that will contain no criticism), $1 million in legal fees, and an apology must have seemed a necessary price for entry into Trump's protection racket. Of course, that's easy to rationalize if you're a corporate suit, not a journalist.
fightingfarmer09 said:BREAKING: Disney has decided to pull transgender storyline from their upcoming Pixar streaming series “Win or Lose”
— Libs of TikTok (@libsoftiktok) December 17, 2024
Disney’s official statement: “When it comes to animated content for a younger audience, we recognize that many parents would prefer to discuss certain subjects… pic.twitter.com/qCNanylTqd
I think the tide is easing up, but I don't think they will ever stop.
ArmyAg2002 said:fightingfarmer09 said:BREAKING: Disney has decided to pull transgender storyline from their upcoming Pixar streaming series “Win or Lose”
— Libs of TikTok (@libsoftiktok) December 17, 2024
Disney’s official statement: “When it comes to animated content for a younger audience, we recognize that many parents would prefer to discuss certain subjects… pic.twitter.com/qCNanylTqd
I think the tide is easing up, but I don't think they will ever stop.
Yet we still had 2 moms as one of the kids parents inserted into Skeleton Crew.
2-teas ranks up there pretty high.Ag in Tiger Country said:
The original thread's commentary by OP ranks up there with one of the more hilariously wrong observations in F16 history; luckily for OP, NOTHING will ever beat the Mensa-level stupidity that was offered by the now AWOL dumbass who tried to argue inflation was transitory &/or good for the economy- LOL!!!
Disney picked the wrong battle here.Im Gipper said:
Hilarious how many so-called conservatives were cheering against DeSantis on this one only early patients at this thread.
Two Teas isn't as iconic as Lister Eater but it's up there with Travel Scrabble for F16.Ag in Tiger Country said:
The original thread's commentary by OP ranks up there with one of the more hilariously wrong observations in F16 history; luckily for OP, NOTHING will ever beat the Mensa-level stupidity that was offered by the now AWOL dumbass who tried to argue inflation was transitory &/or good for the economy- LOL!!!