With $1.5 billion in streaming losses last quarter alone, park fans unhappy, sinking cable networks like
+, Hulu and most importantly, Disney+ — had been the most vital part of the company’s vast media kingdom. It served as a life raft for Disney in the early days of the pandemic — one of the most tumultuous periods in the company’s history — and grew to 100 million subscribers in just 16 months. Now, that business has become an anchor that’s weighing it down. The company reported earlier this month that Disney+ exceeded Wall Street’s expectations for subscriber growth.
lose viewership. That has hurt Disney’s entire business. This was a major point of contention for Dan Loeb, the activist investor and Third Point CEO who made headlines in August when he suggested “a strong case can be made that the
Disney has destroyed it’s reputation as a family friendly company. No 1 (except the people who would take their kids to a drag show) wants their kids to take part in the woke agenda. A new CEO won’t be able to regain parents trust unless they depoliticize & make massive changes
Ushering out the woke?
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