Super woke, left-wing Disney which has spent years pushing a hardcore, anti-American political agenda into its “entertainment” has been having a rough year, one filled with major financial losses.
Most of its hoped-for blockbuster films have failed or at the least underperformed at the box office, so, with no hits, the studio has not been able to reap the rewards of big box office dollars.
But failed films are not the studio’s only troubles. It has also seen fewer park visitors even as they have raised prices for everything. The company has also lost millions of subscribers to its still relatively new streaming service. Then there is the mess in Florida where Republicans are targeting the company’s former tax breaks and special carveouts.
As Fox News noted, two of its biggest flicks last year were dogs at the box office.
“Lightyear also ultimately became the lowest-grossing film in a franchise that has made over $3.3 billion so far and has been declared a “bomb” by several outlets,” Fox reported.
A second bug film was also a lemon. Strange World, which, like Lightyear, had gay themes, lost around $147 million.
But even as Bob Chapek was dumped as the company’s CEO, and Bob Iger was brought in to fix everything, the ship is still sinking, or at least badly listing. Its streaming services have suffered and employees have been fired as a result.
Iger’s second tenure at Disney began with two rough patches, first the revelation that the company’s streaming platform lost 2.4 million subscribers in the final quarter of 2022. According to Variety, the subscriber losses, which were bigger than projected, was attributed to “a 3.8 million sequential decline [from] Disney+ Hotstar, the version of the service offered in India and parts of Southeast Asia.”
Variety added, “Last year, Disney lost streaming rights to Indian Premier League (IPL) cricket matches, which prompted it to lower growth targets for Disney+ Hotstar in India.”
At the same time, Disney also announced the company would be laying off 7,000 employees. That amounts to four percent of the entire workforce. Many conservatives on Twitter reacted with an “I told you so” attitude. Telegraph contributor Nile Gardner, a former aide to Margaret Thatcher, remarked, “’Woke Disney’ isn’t working. Disney will sink unless it returns to its traditional roots and rejects far Left ideology.”
Disney is flailing badly.
So far, it does not seem to have gotten the message that going woke means going broke.