Desantis seeks to punish Disney for disagreeing with him

https://thewaltdisneycompany.com/th...ter-and-nine-months-earnings-for-fiscal-2024/


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August 7, 2024
The Walt Disney Company Reports Third Quarter and Nine Months Earnings for Fiscal 2024
BURBANK, Calif.–The Walt Disney Company today reported earnings for its third quarter ended June 29, 2024.

Financial Results for the Quarter:

• Revenues for the quarter increased to $23.2 billion from $22.3 billion in the prior-year quarter.
• Income (loss) before income taxes improved to income of $3.1 billion in the current quarter from a loss of $0.1 billion in the prior-year quarter.
• Diluted earnings per share (EPS) was $1.43 for the current quarter compared to a loss of $0.25 in the prior-year quarter.
• Excluding certain items(1), diluted EPS for the quarter increased to $1.39 from $1.03 in the prior-year quarter.

Key Points:

• In the third fiscal quarter of 2024, we achieved strong double-digit percentage growth of 19% for total segment operating income(1) and 35% for adjusted EPS(1).
• Entertainment segment operating income nearly tripled year over year in Q3, due to significantly improved results at Direct-to-Consumer and Content Sales/Licensing and Other.
• Entertainment Direct-to-Consumer’s better-than-expected Q3 performance, combined with our profitable results at ESPN+, resulted in positive profitability at our combined streaming businesses(1) for the first time and one quarter ahead of our previous guidance of achieving profitability in Q4.
• The success of Inside Out 2, which became the highest-grossing animated film of all time, demonstrated the renewed creative strength of our studios and drove strong outperformance at Content Sales/Licensing and Other. Surrounding Inside Out 2’s release, the original Inside Out (2015) helped drive more than 1.3 million Disney+ sign-ups and generated over 100 million views globally since the first Inside Out 2 teaser trailer dropped.

 

my take, ho hum

Disney dropped the ball in its streaming business, falling behind NFLX, AAPL, Peacock and Paramount

its park business and movie business are ok; it is investing BIG TIME on Disney Cruise ships. hope it will not drop the ball like it did the streaming business​

 

@Salvy

 

@Salvy
@ROXRAN
They spent like $200 million on garbage this is why it got canceled
Like the 20 woke people who watched this doesn’t make this a reason for season 2

if you want lesbians in space that everyone will watch then make a p-or no

 

200 million? This has got to be money laundering, how do you spend so much on pure trash..... The original Blade was only 45 million and was 45 million times better than the wokelyte....

 

12 million made for "Godzilla minus one" ( if Hollywood made this movie they would insist on racial diversity when absolutely NOT warranted ) last year with highly impressive wide ranging reviews, success and still to this day enthusiastic reaction videos on YouTube ... vs ... 200 million for hot garbage "acolyte", absolutely no sauce and thrown in the trash can quite quickly

 

Looks to me like Disney+ is trying to eliminate Hulu, which they own and condense the streaming to ESPN+ and Disney+.
I can find all of Hulu's content on Disney+

 

If a company like Disney is being targeted just for standing up on an issue, it feels like a slippery slope for free speech. I've seen similar situations where companies get caught in the crossfire of political battles, and it's concerning to think about how that might affect open dialogue. It’s something I’d definitely be watching closely.

 

Social conservatives can’t create their own media so all they can do attack. What a bunch of pedo losers

 

Creatives that gather in media are generally subversive or questioning in nature whether in mind or appearance.

There's a reason why they flocked to California from other parts of the country in the early 20th century.

 

@Salvy @ROXRAN
Hahahaha

Woke go broke

 

@Salvy
@ROXRAN

 

@Rocket River
@Salvy

 

Disney won a whopping 60 Emmy Awards this week. Meanwhile, DeSantis lost to a babbling, old man who beat him out for the GOP Presidential candidate. Now he's forced to su*k up to the orange man. Now that's what I call punishment.

 

@Salvy

lol

 

@Salvy @ROXRAN

shocker

 

Worse than the acolyte? Is that possible lol

 

She was of the opinion "Rules are for thee and not for me"

I applaud holding those kinds of people accountable.