Disney continues to struggle.
The entertainment giant spent much of the past decade turning its entire company into a factory of social justice, incorporating left-wing political messages into as many pieces of content as it could. Sometimes openly.
It’s led to a string of projects suffering financial losses in the company’s entertainment division, from Pixar projects to Disney animation movies, to “The Acolyte,” a Star Wars-associated show on Disney+ that was dismal financial and critical failure made with the express purpose of being woke.
And it’s quite obviously hurt the once-invincible Disney. In March 2021, Disney’s share price was $190. Five years later, it’s $110. In a period where the S&P+ is up 52%, Disney is down 42%. Underperforming the market by 94% is not ideal. The news isn’t getting much better.
Disney announced in its recent quarterly update that Disney+ lost 700,000 subscribers globally in the final three months of 2024, their first quarter of fiscal 2025. While most of the losses were international accounts, it highlights some deeper underlying issues. […]
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