this post was submitted on 18 Oct 2023
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Look at Disney
Are you unironically saying Disney went broke? The company that probably owns most of the entertain properties that you consume.
It's producing nothing but shit lately tho. Marvel movies suck, with the exception of Spiderman which is handled by Sony, Pixar movies suck, their own Disney animation movies suck, Star Wars was a disaster. Sure they may make money but the quality is really, really low.
"I don't like disney's new stuff so nobody likes it!!!"
"And they're going broke, despite making tons of money! Yeah!"
Yo, but the facts don't care about your feelings. Lol
Disney is printing money whether you like the content or not.
Producing content you don't like has exactly zero bearing on this conversation.
By this I assuming you mean rake in a metric fuck ton of cash every day of the year.
Do you understand what 'going broke' means?
Hint: Making money is the exact opposite of that.
Maybe you don't enjoy children oriented entertainment as much as you used to?
Look at what? Isn’t their revenue in the last quarterly report up?
The biggest entertainment conglomerate in the world?
Ok.
Disney gross profit for the quarter ending June 30, 2023 was $7.859B, a 0.47% increase year-over-year.
Disney gross profit for the twelve months ending June 30, 2023 was $28.776B, a 3.06% increase year-over-year.
Disney annual gross profit for 2022 was $28.321B, a 27.07% increase from 2021.
Disney annual gross profit for 2021 was $22.287B, a 3.62% increase from 2020.
Disney annual gross profit for 2020 was $21.508B, a 21.92% decline from 2019.
https://www.macrotrends.net/stocks/charts/DIS/disney/gross-profit
21.92% decline in 2020. Why did they decide to become so incredibly woke for that year alone?!??
Did something happen that year that could have affected thir income?
I don't think so. Perhaps there was a global woke mind virus. Looking at the finances of many companies, it seems they all went broke and thus woke during that specific year.
You mean the wealthiest media company? Yup, totally going broke /s
Okay I'm looking at Disney, now what?
Just go back to reddit