Exactly! Why is Disney losing so many subscribers ? Why did they also fire so many ESPN anchors ? Why are park visits so low ? Why are movie profits not happening if the content is so good ?The reason for the layoffs has been readily detailed in other threads, including one dedicated specifically to stock news. Disney invested a ton of money in their streaming platform and cannibalized their movie sales. They sent a bunch of movies that were planned for theaters directly to Disney+ and others they sent to the platform early to encourage people to sign up, because at the time investors valued streaming growth above all else. People are passing on purchasing movie tickets, on a platform that has made Disney a lot of money, and they're instead watching these movies on a platform that is still *losing* money for Disney. Meanwhile, investors recently decided that they no longer value streaming growth above all else and it's important for these platforms to actually make a profit.
On top of that, they made a massive purchase of another company that is causing them a headache right now and now they have to figure out if they have to sell off portions of their media business. Costs are ballooning and activist investors have made a push to get those under control, which required laying people off in departments where this is a problem. And it's not a problem exclusive to Disney. They're ALL trimming costs.
Meanwhile, as of right now Disney is responsible for five of the top ten box office hits domestically (this probably changes soon with Barbie). *All* of these movies are are based on prior IP, nine out of ten are sequels or remakes, despite what you've said about audiences being sick of sequels and unoriginal movies. The first completely original movie on the charts, BTW, is Elemental.
People on this forum can keep ignoring this because they don’t understand what was bringing in the money.