In recent years, The Walt Disney Company has taken woke stances on social and political issues within our society. However, the company’s stock price has taken a major hit, dropping to historic lows simultaneously.
This week, Disney shares traded around $84 on Monday, their lowest level in almost ten years, as the company failed to impress investors. Year-to-date shares are down roughly 5 percent as the company’s streaming service struggles to retain subscribers. One analyst said, “Mickey is going on a diet and losing weight.” Disney has also been plagued with terrible box office performance with blockbuster movie titles, political uncertainty, and more.
According to box office analysis earlier this year, Disney has been hemorrhaging money, taking enormous financial losses on its recent box office releases. According to the analysis of Valliant Renegade, a YouTube box office analyst, Disney could have lost almost $900 million on the last eight theatrical releases to movie theaters. Essentially, Disney’s enormous budgets for these feature films is far outpacing the demand for its movies.
“The Walt Disney Company is collapsing at the box office. The once envied entertainment company is now struggling to find a profit on almost every single film released. Disney’s bloated budgets for these projects are vastly higher than the competition on average, particularly considering the fact that every single film Disney releases comes with blockbuster production price tags,” according to Valliant Renegade.
Disney’s ill-fated decision to take on Florida Gov. Ron DeSantis was met with considerable financial consequences. The entertainment company strongly opposed DeSantis’ Parental Rights in Education bill in 2022, which prevents sexual topics from being taught to children in third grade and below.
Subsequently, Ron DeSantis moved to punish the company for interjecting itself into Florida politics. The governor dissolved Disney World’s special self-governing tax status, which provided considerable financial benefits to the theme park. Why would DeSantis continue to reward the company with special economic privileges if it is actively working to counteract the interests of Florida voters?
Earlier this year, the DeSantis War Room Twitter account announced the punitive action that would be taken against Disney. 🚨BREAKING: Florida is dissolving the Corporate Kingdom by permanently eliminating Disney’s self-governing status, appointing a state-controlled board accountable to Floridians that can impose taxes on Disney for infrastructure projects, and ensuring Disney pays its own debts!☑️
Disney has also found itself embroiled in controversy over the upcoming release of the “Snow White” remake. The lead star of the upcoming film, Rachel Zegler, recently slammed the original film, claiming it was antiquated and doesn’t live up to woke, modern standards.
Zegler claimed, “I mean, you know, the original cartoon came out in 1937 and very evidently so. There’s a big focus on her love story with a guy who literally stalks her. Weird! Weird. So we didn’t do that this time.”
David Hand, the son of the director of the original 1937 film, slammed Zegler’s comments. “I mean, it’s a whole different concept, and I just totally disagree with it, and I know my dad and Walt would also very much disagree with it. I think it’s pathetic that people feel that way… these are art forms in the world of film today,” Hand stated.
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