From The Other McCain... Another media company is sadly out of touch with its customer base. Disney Got Woke, Now Going Broke
The Disney “brand” was originally synonymous with wholesome family entertainment suitable for kids, but as their empire expanded, management lost sight of this brand value and began craving approval from their Hollywood peers.
Instead of honoring that brand, they have decided to go all in on the side of, in Robert Stacy's words:
the “Drag Queen Story Hour” crowd
There is more. The fight with Florida, and the loss of their special tax/governing status in and around Orlando. The fact that Disney is the worst-performing stock in Dow Jones Industrial Average over the past 12 months or so. Disney stock lost about 30 percent of its value.
The moral of the story should be that Political Activism and Corporate Governance don't mix. I don't expect either Netflix or Disney to figure that out.
It seems that they didn't lose touch with their base, their base has changed and them with it.
ReplyDeletePeter quotes and links to Daniel Greenfield, who lays out some things I didn't know. I'm a huge fan and supporter of Disney, that is, CLASSIC Disney, not the woke dumpster fire that it has become.
https://bayourenaissanceman.blogspot.com/2022/04/disney-profits-from-sexualizing-our.html
I had no idea the demographics had shifted that much.
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