75 employees laid off at Pixar, including the director of Lightyear

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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.
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 ?

People on this forum can keep ignoring this because they don’t understand what was bringing in the money.
 
Lol go look at their earnings report. You want to stay in a bubble and refuse to accept Disney is getting bud lighted go ahead.
LOL I have seen the earnings reports. Fatmanatee gave a good synopsis of them. Some Disney segments are struggling while others are doing fine. Nothing in the reports suggest that "the vast majority" of people have turned against Disney, as much as you'd like to believe that.
 
LOL I have seen the earnings reports. Fatmanatee gave a good synopsis of them. Some Disney segments are struggling while others are doing fine. Nothing in the reports suggest that "the vast majority" of people have turned against Disney, as much as you'd like to believe that.
Yea fatmanatee just copy pasted what someone else wrote. Funny thing is how can you get an unbiased research on a biased site??

Dig and research outside with unbiased research and you will find the truth.

Yea they can’t state that the bigger group is abandoning Disney because of legal reason just like why they fired Pixar and Chief Diversity Officer and didn’t get to the specific reasons why. The writing is on the wall and yet you refuse to see it.

Not only Disney but other corporations are also ditching this move because it’s bad business.

Especially after that zoom call was leaked where they stated it is an active ongoing agenda.
 
Just noting for the record that you have still not provided evidence that "the vast majority" of people are no longer buying Disney's products.

You and other people claiming that some Disney "DEI agenda" has resulted in disappointing movies have also not shown that link. There are plenty of reasons why movies have weak scripts or unsatisfactory production, and Disney itself has fallen victim to various such reasons over the decades. Plus ça change, plus c'est la même chose.
 
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 ?

People on this forum can keep ignoring this because they don’t understand what was bringing in the money.
They lost subscribers most recently bc they lost rights to cricket broadcasts, so 4.6 million subscribers in India cancelled and presumably moved to the outlet that picked up broadcast rights. The ESPN layoffs (all 20 of them, and not all anchors) are a mixed bag of underperforming morning show hosts and analysts. Meanwhile, they just forked over a ton of money for Pat McAfee's show and they gave Stephen A Smith a big raise for his hot takes so I guess those investments had to be offset somewhere. Park visits are lower because guests complain about the costs and complexity of a Disney vacation, so they're sometimes reducing the number of visits or using that cost on cruises or trips to places like Europe, and you're welcome to read every single post on this forum complaining about these things if you need evidence of this. I already explained what's happening with the movies, but you seem content to ignore how streaming has upended the entire industry and changed everyone's decision making process on how they watch. Ticket sales are down about 50 percent from their peak in 2002, with a gradual decrease happening until 2020, when everything shut down and the way the vast majority of people watched movies was on a streaming service. They haven't recovered in large part because people are debating whether they should shell out upwards of 100 dollars or more to go to see a movie in theaters or wait three months for it to show up on their streaming service that costs around 10 dollars. I'll let you take a guess about how I'll be watching Guardians 3 but as a clue it comes to D+ on August 2.
 
Just noting for the record that crowds are at low points, movies are not making profits, Dis+ is not making any profits are all clear signs of big decline in consumer spending on Disney products.

If the other group was smaller than we would only see a slight reduction in but that is not the case.
 
They lost subscribers most recently bc they lost rights to cricket broadcasts, so 4.6 million subscribers in India cancelled and presumably moved to the outlet that picked up broadcast rights. The ESPN layoffs (all 20 of them, and not all anchors) are a mixed bag of underperforming morning show hosts and analysts. Meanwhile, they just forked over a ton of money for Pat McAfee's show and they gave Stephen A Smith a big raise for his hot takes so I guess those investments had to be offset somewhere. Park visits are lower because guests complain about the costs and complexity of a Disney vacation, so they're sometimes reducing the number of visits or using that cost on cruises or trips to places like Europe, and you're welcome to read every single post on this forum complaining about these things if you need evidence of this. I already explained what's happening with the movies, but you seem content to ignore how streaming has upended the entire industry and changed everyone's decision making process on how they watch. Ticket sales are down about 50 percent from their peak in 2002, with a gradual decrease happening until 2020, when everything shut down and the way the vast majority of people watched movies was on a streaming service. They haven't recovered in large part because people are debating whether they should shell out upwards of 100 dollars or more to go to see a movie in theaters or wait three months for it to show up on their streaming service that costs around 10 dollars. I'll let you take a guess about how I'll be watching Guardians 3 but as a clue it comes to D+ on August 2.
Just look at all these excuses lol refuse to acknowledge that these consumers will not come back due to the policies that were enforced by Disney.

Also the leaked zoom call clearly stating they are pushing an agenda. Agenda goes hand in hand with manipulation.

Do you think people should be manipulated into forcibly accepting something ?? I mean if it’s such a good thing why not let it happen organically instead of forcibly ?
 
Just noting for the record that crowds are at low points, movies are not making profits, Dis+ is not making any profits are all clear signs of big decline in consumer spending on Disney products.

If the other group was smaller than we would only see a slight reduction in but that is not the case.
D+ hasn't been expected to make a profit and they've made this clear from the very beginning, they're operating at a loss to build a subscriber base, which is now at over 150 million accounts. None of this is new, many massive tech companies have operated at a loss for the same reason. Again, you're welcome to visit other threads that have repeatedly discussed this.
 
D+ hasn't been expected to make a profit and they've made this clear from the very beginning, they're operating at a loss to build a subscriber base, which is now at over 150 million accounts. None of this is new, many massive tech companies have operated at a loss for the same reason. Again, you're welcome to visit other threads that have repeatedly discussed this.
I have visitors other threads on other websites along with spoken with tech engineers.

Ok so they initiated at a loss, now let’s see the number after the first fiscal year post launch then we will see the numbers post Disney making these changes. Now finally let’s see the numbers after they did their fist price raise. Yep massive loss of subscribers/consumers I wonder why. You are also welcome to visit other websites and threads so you can stop regurgitating excuses.
 
https://deadline.com/2023/07/box-office-barbie-oppenheimer-barbenheimer-1235443828/

‘Barbie’ & ‘Oppenheimer’ Fueling Mindblowing $300M+ Box Office Weekend – Saturday AM Update

"At a time when Hollywood fears that the Q3 and Q4 2023 release schedule will fall apart due to the dual SAG-AFTRA and WGA strikes, the motion picture industry is reaping one of the biggest domestic box office weekends on record with Warner Bros.’ Barbie and Universal’s Oppenheimer lighting up an estimated $308M+ overall three-day. That’s the biggest weekend post pandemic easily burying the weekend when Spider-Man: No Way Home opened over Dec. 17-19, 2021 and all pics tottaled $282.9M. Per Comscore, this weekend will be the fourth biggest of all-time after Avengers: Endgame frame (April 26-28, 2019; $402M), Avengers: Infinity War‘s weekend (April 27-29, 2018; $314.8M) and the weekend when Star Wars: Force Awakens debuted (all pics over Dec. 18-20, 2015 grossing $313.2M)."

"Barbie has a lot of bragging rights beyond owning a dream house: Warners says $150M+ still for Barbie, but industry calculations believe it’s well over $161M, any way you cut it, it’s the biggest opening weekend of 2023 to date after an opening day, also best YTD, of $70.5M. Oppenheimer is eyeing $77M after a $33M opening day — just mindblowing that a 3-hour adult drama could emulate what’s akin to a superhero movie in its first installment."

[My emphasis with the orange text.]

A few days ago, the predictions were around $140-150M for "Barbie" and $40-60M for "Oppenheimer." It's turning out to be an amazing weekend for theaters.
337M global box office. Very disappointing.
 
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