And yet you got the graph wrong and thought it was profits. calling a graph on revenue profits. From your reputation I could only conclude you believe profits and revenue was the same.
Strike 1
According to the analyst, Disney spent $2.75 billion on the films and took in $1.86 billion, for roughly “$890 million in losses on these last eight films in the aggregate.”
Strike 2
“One of the things that we always talk about here, that is the perfect time to remind everybody, is that Disney consumes all of its own content post-theatrical,” Renegade explained. “Meaning that Disney that used to license their big content out, like the entire MCU [Marvel Cinematic Universe], to places like Netflix for years — those were billions of dollars’ worth of third-party contracts that have now been taken off the table.”
Strike 3
As BizPac Review has reported, Disney’s streaming service, Disney+, doubled down on “woke messaging,” even amid Walt Disney Co. Chief Executive Bob Iger’s March announcement that he was hoping to cut at least 7,000 jobs.
“In Q4 this year their streaming business lost an eye-watering $1.5 billion. Not only is that crazy high, but it’s way more than the $630 million that it lost the same time the year before. The losses are also expected to continue for some time yet,” Forbes reported in late 2022.
Do not underestimate the impact of Disney last year losing the rights to stream International Premier League.
The domestic markets of the USA and Canada have for the most part so all streaming services are looking globally and IPL was a critical piece of Disneys plans for India.
As a direct result of losing cricket rights in India they saw a loss of nearly 5 million subs. That makes the 300k sub loss in the US meaningless.
Losing cricket rights had nothing to do with wokeness but more to do with Viacom paying just under $3 billion for the streaming rights.
Combine that with over saturation of the Star Wars and Marvel IPs with weak mediocre content and the excellent point about Disney consuming their own content rather than licensing it to other streaming services and you can see why they have losses.
Of course a percentage of the 300k sub losses in the US is down to people cancelling because they perceive Disney to be pushing a message they do not agree with but even if then entire sub loss in the US was down to that it pales into insignificance to the sub losses in India.
Quite honestly US markets are becoming less important as companies turn to emerging nations looking for entertainment such ad India, China etc.
I don’t know they fired their ceo only to bring in someone who is putting up quite the fight against the culture warrior general.
I am sure there is some percentage of the population that won’t go see Disney movies but that was always true. There was and is a percentage of the population that forbids Harry Potter.
will be interesting to see how the live action snow white does domestically though ultimately to determine the financial success of a movie today you cannot just look at the first few weeks of the US release, there is a bigger focus on appealing to audiences globally.
But yes a financial failure domestically will mean that for some reason it is not resonating with US audiences. That could be for a multitude of reasons including its just a bad movie or that the casting and changes to storyline was responsible.
Edited to add @Smyrna thanks for taking the time to read my long post.
You certainly can, I just don’t understand why people comment on anouther conversation not knowing what it was about. Just makes you at best lazy for not reading it.
I think a lot of the price drop is in response to numbers not meeting investor expectations. So while revenues and profits may be up, they are not as “up” as the Street expected. Individual factors just support the readjustment of expectations.
There are countless analyses out there. Anyone can glean whatever statistics and opinions they want. But the bottom line is that there has been a steady trend of more people selling than buying. (Including among insiders.)