This is an incredibly boring document written in corporate double-speak. But in PART I, ITEM 1A.;
Risk Factors, it says
“We face risks relating to misalignment with public and consumer tastes and preferences for entertainment, travel and consumer products, which impact demand for our entertainment offerings and products and the profitability of any of our businesses.”
And further down in this section they state:
“Further, consumers’ perceptions of our position on matters of public interest, including our efforts to achieve certain of our environmental and social goals, often differ widely and present risks to our reputation and brands.”
“Misalignment with public and consumer taste.” Hmm. “Achieve certain of our environmental and social goals.” Well, well.
So when five or six of your movies are duds and you lose a billion or a billion and half dollars, it turns out your shareholders start to notice. Imagine that! How judgmental! How crassly materialistic! So uncool!
Well, I guess they’ll have to figure out how they can align with these philistine parents who don’t want their kids groomed. They must strive to prevent perceptions of their efforts to achieve certain of their environmental and social goals from presenting risks their reputation and brands.
So on one side you have all this blah-blah couching what they do in double-speak.
And then you have South Park cutting to the chase and making it perfectly clear.
I think for the sake of transparency it would be reasonable for Disney to include the South Park Panderverse episode as part of their annual report. After all the public’s opinion is much closer to the South Park opinion than it is to the double-speak version.
Or maybe losing a couple more billion dollars is the preferred route. Time will tell.
In plain, non-Vulcan English: “We done screwed up, BIG TIME! And it’s gonna cost us!”
Since they openly admitted that their tastes and goals seem to be about 180 degrees out of phase with their intended market, did they indicate what they were going to do differently? Did they indicate a massive change in direction such as, “put a chick in it and make her just sorta lame and gay”? Of course, that may be asking too much—
Latest strategy from their CEO is, scale back the number of movies and make them less expensive. I guess he figures that way it’ll take longer for Disney to bleed out.
Well, yeah! If you lose on every one, make fewer. What could be clearer, especially if making a more saleable product is totally out of the question.
Until Bob Iger gets booted out or successfully threatened, it looks like more of the same only cheaper and fewer. They truly are awful people.
Just read this in PJ Media (link) Reports of Disney’s Death Are (Not?) an Exaggeration Stephen Green | 5:11 PM on November 27, 2023 As Disney’s two-time CEO Bob Iger prepares to host the company’s annual town hall on Tuesday to provide “hints or guidance for what the next phase of ‘building’ will bring after the problem-solving phase,” it’s time to ask if Iger is able “to ‘quiet things down’ after years of culture wars.” The first quote comes from a Hollywood Reporter item on Monday detailing the company’s Wall Street woes. Traders and managers will be watching Iger on… Read more »