What’s Happening:
In recent years, numerous major American corporations have skewed “woke.” They have used their products and marketing to push far-left politics. And Americans have become sick and tired of big companies lecturing them on ideas they do not support.
Perhaps the most shocking company to go woke has been Disney. The once-beloved family-friendly company revealed they were going all-in on supporting LGBT “values.” They even have cross-dressing men at their parks and prominently leftist views in their movies and shows. Disney has seen an exodus from their parks and shows. And now, we are learning just how much it is losing, thanks to wokeness.
From Just the News:
Shares of Walt Disney on Thursday fell 3.9%, closing at their lowest level in nearly nine years.
Some investors predict a further price drop in the next few months, according to Reuters.
New Disney leader Bob Iger has promised a turnaround plan that includes a mix of price hikes across its streaming properties, more ads and cost cuts to lift the business.
Critics of the iconic American entertainment company pin Disney’s slide on what they consider its adopting and supporting an ultra-liberal, so-called “woke” agenda.
Disney’s stock is the lowest it’s been in nearly nine years. Keep in mind that, just a short while ago, Disney was the biggest studio in Hollywood. It was producing major blockbuster films, including Marvel, Star Wars, and remakes of their classic animated features.
Disney seemed unstoppable. From all appearances, its stock price should be reaching new highs. But in recent years, it has driven away families, thanks to its obnoxious devotion to woke politics.
It’s getting so bad, that Disney’s CEO is mulling selling off parts of the company to stay alive. That’s not what a thriving company does. Disney might get rid of EPSN and other TV networks, a sudden reversal after buying Fox Television.
CEO Iger claims that the company’s future is its parks and movies–the two most woke pieces of the company. If he thinks he can turn around Disney’s fate, he will have to stop putting politics ahead of American values.
But I don’t think Iger, or anyone else in Hollywood, is willing to do that. So, Disney might keep losing money, until it’s as irrelevant as Bud Light.
Key Takeaways:
- Disney’s stock fell this week, hitting its lowest in nearly 9 years.
- The company has been losing money after Americans discovered its woke agenda.
- Disney executives had previously vowed to push LGBT content through its products.
Source: Just the News
