Disney Is Getting Absolutely Wiped Out, Empty Parks Signal Collapse Is Coming
Disney is indeed in deep trouble. The entertainment favorite that dominated our screens for longer than we even care to remember is now getting absolutely wiped out. The beloved Mickey Mouse was not the solution to the world’s problems, but it brought huge smiles to the faces of kids and adults alike. One would expect that with such remarkable success, the Disney Conglomerate would only continue to thrive. Unfortunately, we were wrong. Disney is experiencing staggering levels of decline in all sectors.
In November 2022, a leaked memo revealed what the company’s management had been trying to conceal— over $1.4 billion in operating losses from streaming for just one quarter. Now, almost a year later, it appears to have only gotten worse as losses are being recorded in all its three major sectors. Disney garners revenue from its popular, widely acclaimed themed parks, streaming platforms, and studio productions. This diversity of operations has been advantageous in the past because losses could be easily managed and balanced. However, all three sectors are going under now, and there’s none stable enough to keep the ship afloat for much longer.
Views: 288