Disney: Headed To Rock Bottom?

2023 is shaping up to be the year the concept of truth makes a comeback.

For years, media companies, who are almost all exclusively left-leaning, have enjoyed liberal privilege. Companies like Disney dominated the entertainment sphere and they could seemingly do no wrong. …

Then they started targeting kids, and they dropped faster than a stone dropped from a roof.

Following an ongoing boycott from concerned conservative parents, revenues, and share prices plummeted. The Disney empire has been in free fall ever since.

The most recent financial data indicates that the once-thriving entertainment giant has recorded its worst low in nearly 10 years. …

Below is a snapshot of Disney’s current stock price at the time of this writing. Note the rapid decline beginning in 2021.

Yahoo Finance confirmed:

Disney (DIS) is on track to close at its lowest level since 2014, excluding pandemic lows.

Disney, one of the worst performers in the Dow today. You’re looking at losses of just about 3.5%.

Influencer and entrepreneur Patrick Bet-David said it all: “Bad ideas & forgetting who your loyal customers are, is destroying Disney. 9-year low? Especially when Disney is hoping for Apple to buy them out? Apple is hoping Disney continues to make more woke movies. They’ll buy the whole thing at a discount.”

Bad ideas & forgetting who your loyal customers are, is destroying Disney.

9 year low?

Especially when Disney is hoping for Apple to buy them out?

Apple is hoping Disney continues to make more woke movies.

They’ll buy the whole thing at a discount. pic.twitter.com/hUcUwpdbx7

— Patrick Bet-David (@patrickbetdavid) August 25, 2023

Former UFC Champion Jake Shields took a jab at the ailing media company: “I sold all my Disney stock over principle but turns out it was a damn good financial decision as well.”

I sold all my Disney stock over principle but turns out it was a damn good financial decision as well pic.twitter.com/yvD6hTXtzm

— Jake Shields (@jakeshieldsajj) August 18, 2023

Robby Starbuck commented: “Disney’s stock is on track to close today at a 9-YEAR LOW and a loss of over $85 billion in valuation over the last 3 years. Let this be an example — Going woke has consequences!”

Disney’s stock is on track to close today at a 9 YEAR LOW and a loss of over $85 billion in valuation over the last 3 years. Let this be an example — Going woke has consequences! pic.twitter.com/v19vHucOTQ

— Robby Starbuck (@robbystarbuck) August 24, 2023

Market Watch provided more detailed analysis:

“From our point of view, Disney has problems across just about every one of its businesses,” Nispel told MarketWatch.

These include a declining linear-TV business, a complicated shift toward streaming, an underperforming studios unit and a comedown for the parks business as the initial period of postpandemic exuberance wanes.

Disney’s troubles in linear television and streaming go hand in hand. Pay-TV subscribers are declining at a 6% to 7% rate.