4 ms·

Dude. Take off the political glasses. Disney lost value because it's mismanaged by a horrible CEO, and hasn't produced anything meaningful outside of Marvel an

Dude. Take off the political glasses. Disney lost value because it's mismanaged by a horrible CEO, and hasn't produced anything meaningful outside of Marvel and Star Wars since forever. Add to that a struggling parks business in general, combined with epic mismanagement around "maybe we should just target people who want $5K hotel rooms and $2K drinks", and... here we are. Netflix, similarly, suffers from self-inflicted wounds. Their struggling attempts to monetize account sharing are a much too late financial attempt to paper over the fact that their auth system is... not so good. Mildly put. Their content content has taken a deep turn towards "reality" schlock after they so brilliantly ousted Cindy Holland (who was responsible for bringing good content) while elevating Bela Bajaria (the king of garbage shows). Those shows play well on social media, but they do shit all for the bottom line. It's not "went woke", it's "leaned into incompetence". The same holds true on the political side. A large chunk of the recession rests firmly on politicians who completely and utterly fucked up the handling of the pandemic. Republicans and Democrats both. Different flavors of incompetence, but... it was a shit show either way.

hammock 4y ago
>hasn't produced anything meaningful outside of Marvel and Star Wars since forever. AKA only the most profitable franchises of all time…
- swores 4y ago
  Which is why they're not doing as well as they should be, rather than literally crashing and burning. At their size having two great franchises isn't good enough if everything else is absolute shit (not that I'm saying it is all shit, just that those two alone can't carry the stock market's expectation of more than just those two succeeding).
- andsoitis 4y ago
  Disney stock is down over the last 5 years. https://finance.yahoo.com/quote/DIS/ https://finance.yahoo.com/quote/DIS/
  - groby_b 4y ago
    Sure, you can draw a line from the point five years ago to the point right now, and the line is slightly down, but... that doesn't mean a thing. For one, the graph makes it rather blatantly clear it's not a continuous decline. For two, even if it were consistently down over five years - what bearing has this on the discussion?
  - hammock 4y ago
    Yes and the parent comment’s point, as I interpret it, was that not even the brand power of Marvel and Star Wars could save the company from itself as it moved to the Woke Side with its content generally
- groby_b 4y ago
  It's not enough. Even if each Marvel movie had yields like Dr. Strange - it's not enough to justify a $200B market cap. Disney has a P/E of 74 right now. That'd be on extremely high end for pure tech plays during the tech boom heydays, and it's completely unsustainable for a media company. Reminder, Netflix, which is also considered "in trouble" has a P/E of 20. You cannot sustain on the backs of those two alone. (But also: Given that they're the most profitable franchises of all time, maybe the woke scolding is misplaced. Clearly, people still love the fare. There just isn't enough)

hammock 4y ago

>hasn't produced anything meaningful outside of Marvel and Star Wars since forever. AKA only the most profitable franchises of all time…

swores 4y ago
Which is why they're not doing as well as they should be, rather than literally crashing and burning. At their size having two great franchises isn't good enough if everything else is absolute shit (not that I'm saying it is all shit, just that those two alone can't carry the stock market's expectation of more than just those two succeeding).
andsoitis 4y ago
Disney stock is down over the last 5 years. https://finance.yahoo.com/quote/DIS/ https://finance.yahoo.com/quote/DIS/
- groby_b 4y ago
  Sure, you can draw a line from the point five years ago to the point right now, and the line is slightly down, but... that doesn't mean a thing. For one, the graph makes it rather blatantly clear it's not a continuous decline. For two, even if it were consistently down over five years - what bearing has this on the discussion?
- hammock 4y ago
  Yes and the parent comment’s point, as I interpret it, was that not even the brand power of Marvel and Star Wars could save the company from itself as it moved to the Woke Side with its content generally
groby_b 4y ago
It's not enough. Even if each Marvel movie had yields like Dr. Strange - it's not enough to justify a $200B market cap. Disney has a P/E of 74 right now. That'd be on extremely high end for pure tech plays during the tech boom heydays, and it's completely unsustainable for a media company. Reminder, Netflix, which is also considered "in trouble" has a P/E of 20. You cannot sustain on the backs of those two alone. (But also: Given that they're the most profitable franchises of all time, maybe the woke scolding is misplaced. Clearly, people still love the fare. There just isn't enough)