Go Woke, Go Broke: Disney Edition

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TexAgs91
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12:09a, 7/19/23
AG

Disney stock hits its lowest point in over 5 years.

BREAKING: CEO Bob Iger Considering Selling Streaming Services and Other Assets, May Even Try to Sell Entire Disney Company

Quote:
Disney's streaming services have been losing money and subscribers Disney+ lost 4 million subscribers last quarter. Streaming is expected to have hit a total loss of $800 million in the third quarter.

...

Iger wants to hang onto ESPN, but is looking for a partner for the sports network. Potential partners include sports companies and Apple.

Speaking of Apple, there have been rumors since Iger's return last November that he will sell all of Disney to the tech company. At the time, Iger called these rumors "nothing more than speculation," but the sale seems to still be a possibility.

"Freedom is never more than one election away from extinction"
Fight! Fight! Fight!
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Daddy
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12:12a, 7/19/23
AG
This makes me smile
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TommyBrady
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12:16a, 7/19/23
AG
Roku is starting to get into the sports game…
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Bearpitbull
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12:18a, 7/19/23
Two options:

1. Assume it is a result of DeSantis if it makes you feel better.
2. Dig a little and see what is really behind it across all content providers in the streaming world. The days of a small handful of big players owning content are over. Wild and fast evolution. Interesting that the writers and actors are acting like the biz model is from 15 years ago.
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91AggieLawyer
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2:13a, 7/19/23
AG
Disney's market cap (total value in the stock market) is only $160 billion. Considering their history and assets, you'd think it would be a lot more than that. Apple usually has more than that in cash, but hasn't carried that much cash on hand in years (4-5), so they can't buy them outright.

Think about it: Twitter was supposedly worth 1/4 of what Disney is worth. A totally worthless concept compared to (what was or should be) an American icon.
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BadMoonRisin
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In reply to Bearpitbull • 6:50a, 7/19/23
AG
I don't think anyone thinks DeSantis has anything to do with it. It's that they are losing their ass making movies that no one wants to see.
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SwigAg11
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In reply to BadMoonRisin • 6:52a, 7/19/23
AG
BadMoonRisin said:
I don't anyone thinks DeSantis has anything to do with it. It's that they are losing their ass making movies that no one wants to see.

And streaming revenue is tanking as well.
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The Kraken
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6:56a, 7/19/23
AG
Looks like a good time to buy Disney stock
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EskimoJoe
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In reply to BadMoonRisin • 6:57a, 7/19/23
BadMoonRisin said:
I don't anyone thinks DeSantis has anything to do with it. It's that they are losing their ass making movies that no one wants to see.


Don't forget how they ruined ESPN. ESPN should operate like a money printer.
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Logos Stick
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6:58a, 7/19/23
You have to exclude 2020. That makes no sense to use that date since everything crashed.

It's been almost 10 years since the stock has been this low.

A decade of gain wiped out!
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Spaceball 1
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7:56a, 7/19/23
AG
As a Disney shareholder I hope they turn it around and they will.

As a parent, I'm thrilled to see they're suffering for their ridiculous content decisions of late.
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DrEvazanPhD
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In reply to Bearpitbull • 8:12a, 7/19/23
Bearpitbull said:
Two options:

1. Assume it is a result of DeSantis if it makes you feel better.
2. Dig a little and see what is really behind it across all content providers in the streaming world. The days of a small handful of big players owning content are over. Wild and fast evolution. Interesting that the writers and actors are acting like the biz model is from 15 years ago.
Releasing flop, after flop, after flop, isn't helping.
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MooreTrucker
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In reply to Bearpitbull • 8:14a, 7/19/23
AG
Bearpitbull said:
Two options:

1. Assume it is a result of DeSantis if it makes you feel better.
2. Dig a little and see what is really behind it across all content providers in the streaming world. The days of a small handful of big players owning content are over. Wild and fast evolution. Interesting that the writers and actors are acting like the biz model is from 15 years ago.
running out of big Marvel and Star Wars product sure doesn't help.
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bmc13
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In reply to MooreTrucker • 8:18a, 7/19/23
AG
MooreTrucker said:
running out of big Marvel and Star Wars product sure doesn't help.


and running star wars into the ground.
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joe crombie
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8:19a, 7/19/23
As much as I like DeSantis and hate wokism, I think Disney has just spent too much money and squeezed out as much as they can from all their IPs.

Marvel, Star Wars, Pixar/Disney animation, ESPN, etc. have all generated as much as they can and its not enough. They are all also very expensive. Hell they have probably killed general interest in SW and soon Marvel imo.

They are cannibalizing their IPs to the bone. I don't think little mermaid live action works whether Ariel is black or white. No one cares about background characters from SW or Marvel C listers.

Buying fox stuff and spending billions on streaming haven't paid off either.

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nortex97
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In reply to 91AggieLawyer • 8:19a, 7/19/23
AG
91AggieLawyer said:
Disney's market cap (total value in the stock market) is only $160 billion. Considering their history and assets, you'd think it would be a lot more than that. Apple usually has more than that in cash, but hasn't carried that much cash on hand in years (4-5), so they can't buy them outright.

Think about it: Twitter was supposedly worth 1/4 of what Disney is worth. A totally worthless concept compared to (what was or should be) an American icon.
Which brings up my obvious hope; Elon Musk takes an interest and ends the woke era at Disney with a flash. Streaming content now available on twitter only, ending cable bundles, Epcot converted to spacex stuff with boring company etc. in a reboot, with a line out to Kennedy Space Center from Orlando somehow. Every employee at ABC news fired immediately.

I can dream.
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A Net Full of Jello
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8:19a, 7/19/23
AG
Somewhere along the way, they stopped listening to the people regarding what they wanted and instead decided they would determine what the people should want and gave them that. For some reason, that plan didn't work out for them.
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Opalka
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8:23a, 7/19/23
AG
The state of Florida is also paying a price, not just Disney.

https://www.yahoo.com/entertainment/disney-ending-1-billion-move-180000050.html
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Helicopter Ben
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In reply to A Net Full of Jello • 8:24a, 7/19/23
A Net Full of Jello said:
Somewhere along the way, they stopped listening to the people regarding what they wanted and instead decided they would determine what the people should want and gave them that.For some reason, that plan didn't work out for them.


Coming soon to a government near you!
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XXXVII
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In reply to TexAgs91 • 8:26a, 7/19/23
The need to replace more white characters with black/brown ones. That will fix it.
DeSantis 2024

FJB, FJB, FJB, etc
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TexAgs91
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In reply to XXXVII • 8:29a, 7/19/23
AG
XXXVII said:
The need to replace more white characters with black/brown ones. That will fix it.
Is it opposite day already?
"Freedom is never more than one election away from extinction"
Fight! Fight! Fight!
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Logos Stick
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In reply to Opalka • 8:32a, 7/19/23
Opalka said:
The state of Florida is also paying a price, not just Disney.

https://www.yahoo.com/entertainment/disney-ending-1-billion-move-180000050.html


Florida has droves of new taxpayers flooding the state. They are not paying a price.

It's not all about money. I'd rather be poor and decent, than rich and degenerate like your fellow libs.
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Logos Stick
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In reply to Opalka • 8:38a, 7/19/23
Also, that has nothing to do with the reedy Creek stuff. Iger has made it clear he wants to stay in Cali and expand there.

He's a Cali guy
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DrEvazanPhD
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In reply to bmc13 • 8:41a, 7/19/23
bmc13 said:
MooreTrucker said:
running out of big Marvel and Star Wars product sure doesn't help.


and running star wars into the ground.
and now Indiana Jones. Just took one movie.
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Rapier108
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In reply to Opalka • 8:41a, 7/19/23
Opalka said:
The state of Florida is also paying a price, not just Disney.

https://www.yahoo.com/entertainment/disney-ending-1-billion-move-180000050.html
That was something Disney did not want or need. Iger never wanted it, his successor did, and when Iger came back, he immediately canceled it.

It had nothing to do with DeSantis.
"If you will not fight for right when you can easily win without blood shed; if you will not fight when your victory is sure and not too costly; you may come to the moment when you will have to fight with all the odds against you and only a precarious chance of survival. There may even be a worse case. You may have to fight when there is no hope of victory, because it is better to perish than to live as slaves." - Sir Winston Churchill
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Bulldog73
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In reply to BadMoonRisin • 8:47a, 7/19/23
AG
BadMoonRisin said:
I don't anyone thinks DeSantis has anything to do with it. It's that they are losing their ass making movies that no one wants to see.
I think DeSantis has a little to do with it. After all, he shined a very bright spotlight on the policies, principles and people of the beast.
But much more important is Disney in their losses is their internal decisions to Bud Light themselves, putting woke advocacy over their reaching core audience and the quality of their product, saying fu to their stockholders, engaging in politics over entertainment, hiring based on DEI over merit, etc.
Until they get their reason for being straightened out, I don't see them bouncing back.
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It Aint Easy Being Brown
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8:58a, 7/19/23
I used to give Disney over $100/month for Disney+, Hulu live, & espn+


Now I give them $10 in may/June for college baseball postseason


Anecdotal sure, but I'm willing to bet there is a big chunk of middle America that has just had it with their woke bull**** & attacking kids


Honestly they should be sued by their shareholders
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aggiehawg
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In reply to It Aint Easy Being Brown • 9:00a, 7/19/23
AG
It Aint Easy Being Brown said:
I used to give Disney over $100/month for Disney+, Hulu live, & espn+


Now I give them $10 in may/June for college baseball postseason


Anecdotal sure, but I'm willing to bet there is a big chunk of middle America that has just had it with their woke bull**** & attacking kids


Honestly they should be sued by their shareholders
They have been. One of the allegations in the suit includes that Disney was cooking the books on Disney+ by shifting costs to other Disney entities.
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BrokeAssAggie
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In reply to TexAgs91 • 9:01a, 7/19/23
If you just look at the last 2 years it's down over 50%
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The Banned
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In reply to It Aint Easy Being Brown • 9:20a, 7/19/23
It Aint Easy Being Brown said:
I used to give Disney over $100/month for Disney+, Hulu live, & espn+


Now I give them $10 in may/June for college baseball postseason


Anecdotal sure, but I'm willing to bet there is a big chunk of middle America that has just had it with their woke bull**** & attacking kids


Honestly they should be sued by their shareholders


This. We stopped watching certain things over time because they just started to suck. ESPN is the primary example. Their stance on Florida politics just made it a bit easier to end the few dollars we were still spending.
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AGHouston11
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In reply to The Banned • 9:30a, 7/19/23
AG
The Banned said:
It Aint Easy Being Brown said:
I used to give Disney over $100/month for Disney+, Hulu live, & espn+


Now I give them $10 in may/June for college baseball postseason


Anecdotal sure, but I'm willing to bet there is a big chunk of middle America that has just had it with their woke bull**** & attacking kids


Honestly they should be sued by their shareholders


This. We stopped watching certain things over time because they just started to suck. ESPN is the primary example. Their stance on Florida politics just made it a bit easier to end the few dollars we were still spending.


ESPN a former sports network yet as you have rightly pointed out is just a leftists political network that has sports.
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No Longer Subsribed
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In reply to Bulldog73 • 11:43a, 7/19/23
Bulldog73 said:
BadMoonRisin said:
I don't anyone thinks DeSantis has anything to do with it. It's that they are losing their ass making movies that no one wants to see.
I think DeSantis has a little to do with it. After all, he shined a very bright spotlight on the policies, principles and people of the beast.
But much more important is Disney in their losses is their internal decisions to Bud Light themselves, putting woke advocacy over their reaching core audience and the quality of their product, saying fu to their stockholders, engaging in politics over entertainment, hiring based on DEI over merit, etc.
Until they get their reason for being straightened out, I don't see them bouncing back.
You nailed it. They are producing a lot of crap that people aren't interested in seeing.
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EclipseAg
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In reply to Spaceball 1 • 12:05p, 7/19/23
AG
Spaceball 1 said:
As a Disney shareholder I hope they turn it around and they will.

As a parent, I'm thrilled to see they're suffering for their ridiculous content decisions of late.
I'm in the same boat. Owned Disney stock for a looooong time, but not a fan of what the company has become. Hopeful that saner heads will prevail at some point. Iger ain't it.
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Rapier108
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In reply to bmc13 • 12:07p, 7/19/23
bmc13 said:
MooreTrucker said:
running out of big Marvel and Star Wars product sure doesn't help.


and running star wars into the ground.
The only good Star Wars that Disney has done is Rogue One, The Mandalorian (until they got political and fired Gina Carano) and Bad Batch. The rest has been at best okay and at worst total garabge.

But as long as there are enough Star Wars fan boys out there who will watch anything, they will keep making it.
"If you will not fight for right when you can easily win without blood shed; if you will not fight when your victory is sure and not too costly; you may come to the moment when you will have to fight with all the odds against you and only a precarious chance of survival. There may even be a worse case. You may have to fight when there is no hope of victory, because it is better to perish than to live as slaves." - Sir Winston Churchill
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captkirk
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In reply to Bearpitbull • 12:11p, 7/19/23
AG
Bearpitbull said:
Two options:

1. Assume it is a result of DeSantis if it makes you feel better.
2. Dig a little and see what is really behind it across all content providers in the streaming world. The days of a small handful of big players owning content are over. Wild and fast evolution. Interesting that the writers and actors are acting like the biz model is from 15 years ago.


Lolwut?
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