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Disney wins proxy fight, turning back activists

17 Comments
By John BIERS

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17 Comments
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Please go back to wholesome family entertainment. Earnings will naturally follow.

4 ( +5 / -1 )

quote: the overall battle could cost more than $70 million.

Ridiculous. And given the economic circumstances so many people are in, offensive. If you are unhappy with a company, sell your shares in it, or buy more and take it over.

3 ( +3 / -0 )

Disney is an example of “go woke, go broke.” Unfortunately for Disney, Iger was reportedly at the center of the Disneys shift to politics over entertainment so I’m not sure how much Disney will recover. Hopefully, Iger and his crew got the message.

-4 ( +3 / -7 )

Disney is an example of “go woke, go broke.”

How broke have they gone?

2 ( +6 / -4 )

'Iger's position was boosted by strong quarterly earnings in February,' Disney understands that we are a diverse nation and it's time to appeal to that diversity. Unfortunately there are bigots that think they are the only ones of importance and Disney shouldn't try to appeal to a wider audience as times change. Disney still makes a lot of 'family friendly' programming and if someone doesn't want to watch their other programming then don't. A billionaire trying to take control of Disney wouldn't serve anyone but the billionaire and maybe the bigots.

-1 ( +3 / -4 )

'Iger's position was boosted by strong quarterly earnings in February,'

That can't be right, another poster told us Disney has gone broke. You aren't telling me this person was delusional are you?

0 ( +3 / -3 )

How broke have they gone?

record 89billion in revenue in 2023, seems wokeism is profitable?

1 ( +4 / -3 )

record 89billion in revenue in 2023, seems wokeism is profitable?

If that number is true, it would seem go woke, go to the bank and laugh all day long is more fitting.

-2 ( +2 / -4 )

wtfjapanToday  11:26 am JST

How broke have they gone?

record 89billion in revenue in 2023, seems wokeism is profitable?

They're not broke and they made profit but performance wise it was way below expectations and worse than 2022. Only posting revenue is meaningless unless you take into account expenses which were around $80bil. Net profit was somewhere around $2bil.

Their main source of revenue was from parks and streaming services but streaming revenue remains inconsistent and fluctuates a lot. Their film division took a lot of heavy losses due to very poor performance from major films.

The benefit of being a conglomerate with diversified operations. One source could be failing miserably like their films but parks, streaming, and subsidiaries like ESPN are doing well. Marvel and Star Wars are pretty much dead though and nothing planned in the future look to change that trend.

0 ( +3 / -3 )

Net profit was somewhere around $2bil.

Go woke, go broke alright. Amen.

0 ( +3 / -3 )

wtfjapan

Today 11:26 am JST

How broke have they gone?

> record 89billion in revenue in 2023, seems wokeism is profitable

Nice now post the actual Net income!

$ 89 Billion in revenue now the net.

From 2010 to 2019 Disney's net was $4 billion and grew to $12 billion.

Then plummeted to a loss of $2.8 Billion

In 2023 net was $2.35 billion a drop of 25% from 2020.

And this was achieved because of cost cutting $2 billion from it's streaming service in November 2023 in order for the company to avoid being in the red again!

So if we really look at the facts, Disney is at best breaking even!

Now to give a comparison of making money and not doing so good.

Toyota: gross revenue $308 billion Net income $279 Billion

But Disney gross $89 billion Net income $2.35 Billion

To make it real easy.

If you had a business and your revenue was $89,000 a year and all you got in the end was $2,300 it doesn't look so good does it?

But the "record revenue" is so fun but a joke!

Revenue up 7% profits are down 25%.

-1 ( +4 / -5 )

Strangerland

Today 01:37 pm JST

Net profit was somewhere around $2bil.

> Go woke, go broke alright. Amen.

If you actually look at the numbers, sort of true

$2 billion look like a lot, right?

But it is actually zero!

The only reason it us 2 billion is because I'm November 2023 Disney cut $2 billion from it's streaming service in order to avoid a negative net income.

But if you look at it in a more understandable way for every day Joe.

You earn $89,000 but you only get to take home $2,300 .

Could someone survive with that kind of net income?

-3 ( +2 / -5 )

$2 billion look like a lot, right?

But it is actually zero!

The only reason it us 2 billion is because I'm November 2023 Disney cut $2 billion from it's streaming service in order to avoid a negative net income.

So they made $2 billion. It's weird that you're bragging to us that you just figured out how businesses operate.

Anyways, I would love to go that broke from going woke.

0 ( +3 / -3 )

Their main source of revenue was from parks and streaming services but streaming revenue remains inconsistent and fluctuates a lot. Their film division took a lot of heavy losses due to very poor performance from major films. 

Exactly, Disney will never go out of business, but they definitely don't wield the power they once had, and as long as they stay woke they will hemorrhage money, as you said, the film divisions continue to make puke woke garbage, and the majority of people will just not go. When I visit California, I do attend the park because I have a cousin who works there and we don't have to pay any money to get in, otherwise there would be no chance on Earth that I would pay. Most of us and many of my friends go to Universal, way better, almost no wokeness, and more fun.

The benefit of being a conglomerate with diversified operations. One source could be failing miserably like their films but parks, streaming, and subsidiaries like ESPN are doing well. Marvel and Star Wars are pretty much dead though and nothing planned in the future look to change that trend.

I couldn't agree more.

-1 ( +3 / -4 )

Disney garbage, always garbage..

0 ( +2 / -2 )

Strangerland

Apr. 4 11:26 pm JST

$2 billion look like a lot, right?

> But it is actually zero!

> The only reason it us 2 billion is because I'm November 2023 Disney cut $2 billion from it's streaming service in order to avoid a negative net income.

> So they made $2 billion. It's weird that you're bragging to us that you just figured out how businesses operate.

> Anyways, I would love to go that broke from going woke.

Well if you think an approximate 2% profit for a business is a good profit margin, then great!

Not sure how many businesses can actually survive at that level!

BTW a single pay raise demand at today's rising cost and the number of employees Disney has would require most if not all of that $2 billion!

1 ( +1 / -0 )

Well if you think an approximate 2% profit for a business is a good profit margin, then great!

When that 2% is $2billion, I sure do!

I'll go woke and go broke all day long for that. All year long for that matter.

-1 ( +0 / -1 )

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