Disney’s struggles are music to the ears of the millions of Americans tired of seeing woke adaptations of beloved children’s movies and constant moral preaching from Hollywood’s elites. Now, as Disney’s stock price continues to dwindle, many are celebrating the potential end of one of the greatest sources of woke lectures.
Robby Starbuck shared the news on Twitter, saying, “Disney’s stock hit $200 a share in 2021. Now it’s worth $88 a share. Normal people are finally waking up and using our money to vote against woke companies. Keep it up. If we do this with enough resolve we might just scare corporate America out of wokeness.”
Along with that objective failure of Disney’s leadership, KeyBanc Capital Markets downgraded the company’s stock, citing worries regarding low attendance to Disney-owned theme parks and poor viewership numbers on the Disney+ streaming service.
Ellis Robinson from The American Tribune wrote about the struggling attendance at Disney theme parks, a problem that the company must scramble to quickly solve if they are to continue to see growth. According to Ellis, this could be due to a number of factors. However, the main culprits seem to be excruciatingly high ticket prices and distaste from former Disney fans with the way that Disney has chosen to “go woke” in recent years.
For many, there is no reason to pay massive amounts of money to take your kids on vacation to a place that doesn’t share values similar to those you parent your kids with. The attendance issue was even clearer over the Fourth of July weekend when Disney saw the lowest attendance over that time in nearly a decade.
Twitter user Jasmine Keith perfectly summarized this issue in a comment, saying, “It’s stupid for corps to publicly take a stance on political topics. We literally don’t care what the CEO or their DEI manager support but shoving it in our face and expecting us to agree with them…it ruins the desire to give them my money no matter how incredible of an experience it might be.”
Another user noted the long history that Disney has now chosen to betray, saying, “Disney spent 100 yrs building up a family friendly image only to betray that image and begin pushing the sexual indoctrination of children. Hard to fathom such a catastrophic blunder. They’re in deep trouble.”
Disney is indeed in “deep trouble.” It is only a matter of time before other companies begin to gobble the market share that has left the company since its decision to go woke. If such a massive hit to the share price is not enough for Disney to quickly change its tone, this may be the end of a once great company. But, as capitalism is quick to do, Disney will be replaced by a company that is ready to deliver what its fans want.
Or, that’s how capitalism used to work. Now such isn’t so certain, as the woke company could just use its massive amount of content and IP to keep competitors at bay while continuing to push wokeness.
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