Lackeos wrote: ↑05 Jul 2023, 02:25
RScarf1 wrote: ↑04 Jul 2023, 21:18
oogiebe wrote: ↑04 Jul 2023, 16:45
walt discey company is losing money on ESPN for years.
Disney is losing money on everything (movies, toys, etc.) except maybe the parks, but they raised the prices on the park tickets too much and people are deciding not to go.
Disney's net income in 2022 was $3.19 billion, and in 2Q 2023, they reported a net income of $1.27 billion. Is it possible that you're lying about them because Ron DeSantis is waging a culture war against them?
I don't like Disney because their movies have portrayed men in a negative light such as in Star Wars. I don't agree with some of the content in their recent movies that are supposed to be for all ages, but that is why parents are choosing not to let their children see these movies and these movies are not making a profit and are losing money for Disney. Disney stock price in March 2021 was about $197. Now it is about $90. If they are making so much money, why is the stock price less than half what it was? Also, Disney laid off 7,000 employees this year in order to cut costs. Disney has other lawsuits besides the one with DeSantis. According to one lawsuit, Disney underpaid female employees more than $150 million in wages.
DeSantis made some good decisions such as prohibiting employers in Florida from requiring a covid vaccination for employment. I don't agree with him supporting different rules for different unions. Police, firefighters, and corrections officers unions are not affected by a new Florida law which requires all other public sector unions to have 60% participation of its members or the union is decertified. DeSantis is trying to make it harder for the other labor unions to exist. I also don't agree with DeSantis signing a bill that would allow for roads in Florida to be made with a radioactive waste material from the fertilizer industry which could cause cancer for road construction crews and people driving on those roads.
This is estimated Disney annual income for the past several fiscal years which shows improvement, but less money compared to 2019 and I understand that the plandemic affected park attendance:
Fiscal year 2022: $12.12 billion
Fiscal year 2021: $7.77 billion
Fiscal year 2020: $8.11 billion
Fiscal year 2019: $14.85 billion
Fiscal year 2018: $12.6 billion
Fiscal year 2017: $9 billion
I can see why they bought it. It makes the platform well rounded to have an established sports behemoth like ESPN on board. And if they need to trim it down, it's hopefully just the talking heads and not the actual content.