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re: Disney stock looks like it’s heading back under $100
Posted on 5/15/24 at 11:40 am to Auburn1968
Posted on 5/15/24 at 11:40 am to Auburn1968
The woke stuff definitely is part of it, but there have been a lot of issues on the park side recently.
You had the COVID year with the parks closed or almost empty
2021 you were still seeing masking and inflation started to tick up
2022-present crazy inflation
In other parts of the business...
The Marvel moneypit has dried up since they wrapped up the last big Avengers story and you had Evans and Downey Jr. leave their roles.
They haven't put out a big new animated IP, or even a sequel, in a while
The only good Star Wars content they put out was on Disney+ and they pay a ton for it considering cost of the IP itself and production costs.
They opened Galaxy's Edge right before COVID shut down the world. Would have been a huge money generator. Now inflation is roaring and the shine has worn off because its been almost 5 years since it opened at this point
You had the COVID year with the parks closed or almost empty
2021 you were still seeing masking and inflation started to tick up
2022-present crazy inflation
In other parts of the business...
The Marvel moneypit has dried up since they wrapped up the last big Avengers story and you had Evans and Downey Jr. leave their roles.
They haven't put out a big new animated IP, or even a sequel, in a while
The only good Star Wars content they put out was on Disney+ and they pay a ton for it considering cost of the IP itself and production costs.
They opened Galaxy's Edge right before COVID shut down the world. Would have been a huge money generator. Now inflation is roaring and the shine has worn off because its been almost 5 years since it opened at this point
2
Posted on 5/15/24 at 12:13 pm to VolSquatch
Not to mention their parks are extremely expensive for families or younger couples. The only people I know who still go are the hard core Disney types.
Posted on 5/15/24 at 6:53 pm to VolSquatch
And Bob Chapek was the wrong guy to handle such a tumultuous time. Following Iger was tough enough task. The ask during covid and trans-gender indoctrination was too much.
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