Disney is finally admitting it screwed up to its investors, yet they have buried this admission deep in a long laundry list of potential risks to the company.
Public companies like Disney are forced to disclose potential and ongoing risks to their business in form 10-K filings sent out to investors and interested parties.
As part of the detailed risk profile disclosed in Disney’s 10-K filing, Disney issued the stunning admission that its social goals pose a threat to the business and overall health of the company.
The exact statement read: “Further, consumers’ 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.”
It’s nice to see the entertainment giant finally admit to the mistakes in messaging and programming that tanked the once-thriving company.
Benny Johnson presented this clip of Judge Jeanine Pirro, who also took note of Disney’s stunning admission and told the Fox News Channel: “I am so glad that Disney is suffering the way it’s suffering.”
Judge Jeanine Pirro FLAMES Woke Disney after they are forced to admit going woke TANKED their company:
"I am so glad that Disney is suffering the way it's suffering."
— Benny Johnson (@bennyjohnson) November 28, 2023
2023 is the first year Disney hasn't had a single $1B movie since 2014. pic.twitter.com/mz6CcVJa2U
— The Hollywood Handle (@HollywoodHandle) November 28, 2023
According to Breitbart:
My public school math shows that the Disney Grooming Syndicate lost $745.5 million with its theatrical releases this year.
My estimate is far from perfect, but it is reasonable.
Yes, Disney will make up some of these losses on what are known as ancillary markets: home video, TV sales, foreign TV sales, etc.
An analysis of Disney’s stock shows it to be in the consolidation phase of a broader downtrend. The stock is currently trading at $93.36 at the time of this writing, down from its one-year high of ~$127 and its two-year high of ~$203.
CNN Business explained:
Disney’s stock, at about $84 per share, is at its lowest level in nearly ten years.
It is down 8% since CEO Bob Iger returned as CEO last November, and it’s down 3% since the start of the year.
Compare that to some of Disney’s rivals: Comcast’s stock is up more than 18% this year, and Warner Bros. Discovery, which owns CNN, is up 22%.
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