An opinion piece, from a fringe blog, that does not have working links to the SEC report isā¦ weak.
Here is the link to the sec K-10. If anyone has ever read a K-10ā¦ there is a section that highlights risks to the business. It doesnāt necessarily mean those risks have been realized. Itās a CYA for investors.
Our businesses create entertainment, travel and consumer products whose success depends substantially on consumer tastes and preferences that change in often unpredictable ways. The success of our businesses depends on our ability to consistently create compelling content, which may be distributed, among other ways, through broadcast, cable, theaters, internet or mobile technology, and used in theme park attractions, hotels and other resort facilities and travel experiences and consumer products. Such distribution must meet the changing preferences of the broad consumer market and respond to competition from an expanding array of choices facilitated by technological developments in the delivery of content. The success of our theme parks, resorts, cruise ships and experiences, as well as our theatrical releases, depends on demand for public or out-of-home entertainment experiences. Demand for certain out-of-home entertainment experiences, such as theater-going to watch movies, has not returned to pre-pandemic levels. In addition, many of our businesses increasingly depend on acceptance of our offerings and products by consumers outside the U.S. The success of our businesses therefore depends on our ability to successfully predict and adapt to changing consumer tastes and preferences outside as well as inside the U.S. Moreover, we must often invest substantial amounts in content production and acquisition, acquisition of sports rights, launch of new sports-related studio programming, theme park attractions, cruise ships or hotels and other facilities or customer facing platforms before we know the extent to which these products will earn consumer acceptance, and these products may be introduced into a significantly different market or economic or social climate from the one we anticipated at the time of the investment decisions. Generally, our revenues and profitability are adversely impacted when our entertainment offerings and products, as well as our methods to make our offerings and products available to consumers, do not achieve sufficient consumer acceptance. Further, consumersā perceptions of our position on matters of public interest, including our efforts to achieve certain of our environmental and social goals, often differ widely and present risks to our reputation and brands. Consumer tastes and preferences impact, among other items, revenue from advertising sales (which are based in part on ratings for the programs in which advertisements air), affiliate fees, subscription fees, theatrical film receipts, the license of rights to other distributors, theme park admissions, hotel room charges and merchandise, food and beverage sales, sales of licensed consumer products or sales of our other consumer products and services.ā
Let not forget this
This is the same statement they have in their K-10s dating back to 2019.
Itās not new. Iād bet if your opinion blog went further backā¦ that same general statement would be in their K-10 dating back to even before 2019.
But you thought it was just added. Itās ok though
As I have previously promised you, I will remind you any time you choose to reply to one of my posts: I consider your posts the most contemptible on this board, and I have no patience for any interaction with you other than to remind you of my disgust for your content, and to tell you to go bother someone else. Plenty of others will gladly entertain your garbage. Go pester them.
But thatās ok because according to some they had been planning this disaster since 2019.
And I question whether Iger is that upset. In 2026 he will retire with a pocket full of cash and leaving a pile of poop behind.
No they havenāt been planning on it. They identified changes in customer sentiment and viewing habits as a risk back in 2019 (perhaps earlier).
They are putting out avg to bad movies now. They need to fix thatā¦ but their parks business is still printing money. If it was āwokeā then why are their parks and merch still doing well?
My collective dogma is also the collective dogma of millions of parents. I even saw one theater manager reported that parents were asking if āWishā were suitable for children. Imagine asking that about a Disney movie ten years ago. They have tainted their brand.
But I agree, many of their old talent are likely being chased off by new management. They are probably beyond recovery now.