Lightning
Master Member
I see you conveniently left out the part where that is because they lost the rights to Premier League cricket in India. Subscriptions in the USA are fine. They lost .006% of their suscribers in North America in that period.
Disney could sell Lucasfilm ?
- Thread starter bwayne64
- Start date
I see you conveniently left out the part where that is because they lost the rights to Premier League cricket in India. Subscriptions in the USA are fine. They lost .006% of their suscribers in North America in that period.
I thought Disney was a global company and not just a company solely found in the US market…?
My mistake, I guess, for not delving into the aggregate details of their $800 Million loss on subscriptions?
Cephus
Master Member
That doesn't matter. As a company, Disney has lost more than 4 billion dollars on streaming in the past 2-3 quarters alone. They don't measure streaming income by country, they measure it across the whole of the system. It's sad when they celebrate only losing 800 million in the last quarter. Streaming is losing money and when you add that to the hundreds of millions they're losing in the cruise ship market and the money they're losing on park attendance and the money they're hemorraghing at the box office, you have to admit that Disney, as a company, is having massive problems. When your stock prices tumble 50% in 18 months, you've got issues.
Stop making excuses.
Well yeah, it's a process.
They spent about 10-15 years digging this hole. They aren't gonna climb all the way back out of it in 3 fiscal quarters.
HeartBlade
Sr Member
Losing 800 million is still 800 million, doesnt matter if its India or Japan or China. Those are former paying customers who are no longer paying.
Yeah, the article was just Disney is starting to sell off parts and tv networks while prioritizing their IPs it seems. Disney wouldnt be in this mess if Iger didnt bet the house on streaming and going hog on IPs that honestly werent that valuable. I really think Disney buying Fox was not only a huge antitrust red flag that should have been prevented for consolidating media but also just a bad purchase on Disney’s part. They get what? Simpsons, Fantastic Four, X-men, Family Guy? Seriously? Could have saved 7.1 billion.
Disney needs to go into austerity, hence why Chapek was then put in charge so he cpuld rebalance the books by cutting costs which he was known for with the parks. Now that he was essentially fired, Iger needs to clean up the mess he made, nothing more. Yeah, Disney is not going to fare well. They are going to have to sell things and also carefully invest in movies that will be hits, cut the PC BS and make movies for general audiences.
Cephus
Master Member
Except I think it's pretty clear that they won't do what they need to do. Their entire company is infested with woke ideologues. It is not at all hard to find internal videos where they have people talking about their "not so secret gay agenda" and "I'm going to put it in everywhere I can!" These people all need to lose their jobs. It's time for spring cleaning at Disney and throughout Hollywood. They need to get back to doing what they're supposed to exist for: entertaining actual human beings who will pay them for their movies and other media.
Sooner or later they're going to be forced by the stockholders to fix things. I don't think they will do it voluntarily.
I saw a story on that and they said in response, they were raising adult meals on the cruises from $75 to $135! I'm sure people will flock to the cruises now!
Cephus
Master Member
That's usually Disney's solution to everything: raise prices. They did that at the theme parks because too many people wanted to go. Now, they're half-empty.
Good job, Disney!
drusselmeyer
Master Member
Didn't people die from bad food on those cruises??
VanPersie
Well-Known Member
Even if it had the highest quality content ever made (which it doesn’t obviously) in a, western, world of increasing inflation etc, why is it surprising that people decide that subscriptions are not an essential?
First thing to go in my house was my streaming subscriptions because in a choice between a tv licence and Disney+, the tv licence was a bigger “requirement”.
Until they price themselves right out of their own market.
Cephus
Master Member
The one thing they have to do is figure out where they've gone wrong. The one thing they are ideologically opposed to is admitting where they've gone wrong. I don't know that there's any path back for Disney, in its current condition.
Abigail Disney Calls Out Disney CEO Bob Iger
"You shouldn't be able to sleep well at night."
www.townandcountrymag.com
If by "die" you mean explosive food expulsion out of every orifice of the human body, then yes.
cboath
Master Member
Sadly with how things are I don't think those laws apply any more. I mean, sure, they're on the books, but no one has any desire to enforce them. Teddy Roosevelt would be shocked if he were around today.
That's why my money is on Apple buying Disney outright.
The only thing standing in the way is that it should be illegal. That means there's nothing in the way.
jts1031
Sr Member
From the article: "I woke up one day and realized that, just by virtue of being born lucky, I had so much more than everyone else. And I don't think I've slept well since I figured that out." - Abigail DisneyAbigail Disney Calls Out Disney CEO Bob Iger
"You shouldn't be able to sleep well at night."
What's stopping her from spreading her wealth to those less fortunate? I'd think she'd sleep much more sound then.
Using her money as a weapon for good purposes would be much more effective than simply dispersing it.
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