Disney Earnings Call Proves How Broke and Pathetic Woke Hollywood Is!
Disney CEO Bob Iger recently held the first investors call of the year to detail the business the House of Mouse has gotten up to recently. On the bright side, they have only lost 1.3 Million subscribers on their streaming platform and lost $200 Million less than last quarter. But things aren't good.
So instead of correcting the issues that put them in this place to begin with, might as well double down! More sequels, like turning a planned Moana show into a feature length release, partnering with Taylor Swift to stream the Eras Tour concert film and invest $1.5 Billion into Epic Games so you can visit digital theme parks in Fortnite.
Out of touch doesn't begin to describe how Iger came off in that call, but hey, it rallied the boomers and stock prices are temporarily up!
Sources:
Business Insider: https://www.businessinsider.com/bob-iger-disney-strong-earnings-taylor-swift-espn-streaming-fortnite-2024-2?op=1
Fortune: https://fortune.com/2024/02/09/disney-ceo-bob-iger-earnings-call-epic-games-fortnite-moana-sequel/
Forbes: https://www.forbes.com/sites/hughmcintyre/2024/02/09/disney-paid-75-million-for-taylor-swifts-concert-film-report/?sh=7dca39b919ed
Variety 1: https://variety.com/2024/gaming/news/disney-invests-epic-games-fortnite-1235901457/
V2: https://variety.com/2024/digital/news/disney-plus-password-sharing-summer-2024-1235901649/
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