I don't know how much longer Disney will last without major layoffs and cost cuts
(media.kotakuinaction2.win)
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Disney+ took in 7.4 billion last year. The new model for films will just be socialism. Everyone pays for a streaming service and the party makes whatever movies they want.
Disney+ is bleeding money and loosing customers. At the moment they are cutting content. They have no idea how to make Disney+ profitable. Also: Disney wants ESG-money and the only way to get it is to actively produce the antithesis to what a profitable customerbase would want.
They can have either ESG-money or customers money.
It is almost comical how much money they lose on Disney+. A financial guy I watch put it in comparison of the money they lose on it is equivalent of a Disney Cruise Ship just straight up sinking every quarter (in terms of cost).
It is one of my main points used to show that ESG-money actually doesnt help. If it did, Disney wouldnt be withering like it has a vampire draining it.