this post was submitted on 10 Jan 2024
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Look how well that's going for Disney
Fairly well by comparison...?
They have their own content. Decades of content. Zwitter* has...?
*I am refusing to write that name as only X or Twitter or X/Twitter and writing it XTwitter almost sounds like the German word Zwitter, which is the word for hermaphrodite, and I know someone who owns that platform who would dislike that association...
Disney's not hurting. They just posted bigger profits than ever this past year and expect to exceed that by several billion this year.
So higher gross profit but lower net income from last year which is far lower than their net income from 2019 and their highest in 2018.
They've produced ~4 flops last year that cost them almost $1 billion, their stock price hit a 9 year low last year at below $84, Disney + has been operating at a loss since it started. Universal Studios overtook them with box office revenue last year.
Unless I'm interpreting that incorrectly it would seem that they aren't doing too well. Correct me if I'm wrong.
They aren't doing as great as they hoped, that's all. Disney isn't hurting for money, every day people spend billions in their parks. Yes they aren't having cinematic triumphs, but that isn't the only source of their income.