How Bob Iger, DEI, And Wokism Broke Disney's Trust With America

The Walt Disney Company, previously one of America's most iconic and trusted companies, is no longer the case. There is a subculture on YouTube that tracks every cultural, corporate, programming, and financial move of the Walt Disney Company. The company's quarterly earnings call on May 7, 2024, showed that its stock had tanked almost 10%, losing $20 billion in its market cap.

Despite the current dip, many stock analysts are predicting that Disney stock will rebound. That seems unlikely. Here are the reasons why things are likely to get worse, not better, for The Walt Disney Company for the remainder of 2024 and into 2025.

Disney is one of America's wokest companies. It sees itself as being out in front on cultural and social issues, especially where Diversity, Equity, and Inclusion are concerned. This has been a huge issue in America's–especially American parents'–loss of trust in the House of Mouse. You can't watch this clip from Disney programming Vice President Latoya Raveneau bragging about how she pushed LGBTQ messages anywhere she could into Disney's programming without parents seeing that agenda.

Disney has lost its decades-long leadership in animation to NBCUniversal's Dreamworks Animation studio. Its slate of feature films–with their bloated $250,000,000 production budgets requiring a $500,000,000 theatrical run to just break even–has been an unmitigated disaster. Along the way, it has destroyed two of the successful film franchises it acquired during Iger's first term as CEO: Star Wars and Indiana Jones.

Related to its film franchises, which also include Marvel and Pixar, was the company's $250,000,000 misadventure, Star Wars: Galactic Starcruiser, a $6,000 two-night Star Wars-themed hotel experience that opened on March 1, 2022, and closed on September 30, 2023. It was forced to take a charge against earnings for this catastrophe. This disaster was documented in a four-hour viral video by YouTuber Jenny Nicholson that received an incredible seven million views in a little more than two weeks.

On top of its injection of its left-wing DEI agenda, Disney has more nuts-and-bolts financial issues to contend with. They include:

Theme park attendance is flatlining. What is the measurement matrix? Waiting times at the most popular attractions at its theme parks, Disney World in Florida and Disneyland in California, are plummeting. Over the all-important Memorial Day 2024 weekend, waiting times at the most popular attractions at both theme parks were at decade lows (with the exception of during COVID-19). In addition, its newest attraction at Walt Disney World in Florida, Tiana's Bayou Adventure, which replaced Splash Mountain, has been panned by the Disney faithful.

Then there's Disney's forced acquisition of the share of the Hulu streaming service it didn't own (it shared ownership with Comcast), which has been an utter disaster for the company. Disney was forced to buy out Comcast's share, and it is struggling to integrate Hulu into its Disney+ streaming service. This forced payout is now funding Comcast so that it can bid for sporting rights for entities like its recently concluded agreement with NASCAR and the upcoming agreement with the NBA. Both are in direct competition with one the last of Disney's crown jewels, ESPN. The sports network is trying to reinvent itself as content distribution moves from cable to streaming. Last July it laid off dozens of employees, including high-profile names like Suzy Kolber, Jeff Van Gundy, Jalen Rose, and Steve Young, in what was a cost-cutting move.

Disney is no longer American parents' babysitter. Here's one parent's open letter to Disney. I say all this as a baby boomer who grew up with Disney in the 1950s and 1960s (that will give you an idea of how old I am). Disney's current values are no longer those of its namesake founder, Walt Disney. Parents, especially those in the center and on the right, that are trying to raise their kids with the traditional values that made America great in the last century, no longer trust the House of Mouse. And until there is housecleaning, starting at the top of the C-suite, Disney will not be trusted again.

Putting ideology ahead of entertainment has decimated an American institution. Walt Disney has been spinning in

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Youtube Shorts: 😳 ["We are proud of Bidenomics!" - Kamala Harris] Posted on July 6, 2024 11:38:46 AM PDT by Republican Wildcat Topic: Business/Economy | Chit/Chat | Miscellaneous Keywords: bideneffect, bidenomics, economcy, economy, kamala, kamalaharris Navigation: use the links below to view more comments. First 1-20, 21