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0 pointsStaple_Diet2y ago0 comments

Really? I thought Disney was doing well. Their subscription service is only behind Netflix and Amazon, the latter of which includes its service in Prime so is not an equal competitor. Further, their ownership of Marvel has provided them some of the largest grossing films of all time, and their Star Wars acquisition seems to be paying off. The parks seem to be quite strong, but I've only experienced the Japan ones. Overall I find it difficult, from a layman's perspective, to believe Disney is in trouble but welcome any other information.

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lotsofpulp2y ago

See their net income and profit margin trends:

https://www.macrotrends.net/stocks/charts/DIS/disney/net-inc...

https://www.macrotrends.net/stocks/charts/DIS/disney/profit-...

Doesn’t look so hot for the last 4 or 5 years. They went from earning near $10B per year to less than $3B per year.

Rexxar2y ago

If you ignore the Covid drop, the trend change seems to start in 2019 when they bought Century Fox.

lotsofpulp2y ago

I’m not sure what the exact cause is, but for some reason, they lose billions on streaming (page 24):

https://thewaltdisneycompany.com/app/uploads/2023/11/Q4_FY23...

2 more replies

Staple_DietOP2y ago

Thanks, this definitely adds some context. Seems all these acquisitions is costly work.

patmorgan232y ago

They've had several big box office fails, partially because the Disney+ has been cannibalizing those viewers (why go see it in theaters when I can wait three months and watch it on Disney+ for no additional cost?).

Also they've over saturated the MCU with a million movies and TV shows every year. People have just been burned out on it and they've only recently decided to cut back production on those and be more focused.

sofixa2y ago

> Their subscription service is only behind Netflix and Amazon

Because it's drastically cheaper in an obvious dumping exercise, and has some interesting IP kids and grown ups that used to be kids want to (re)watch. However there really isn't that much content on it, nor is new content coming that quickly, so at some point after everything of interest has been seen, people will start unsubscribing.

This is why Netflix is constantly churning out new stuff of very varying quality (utter shit next to masterpieces) - you need to keep people paying the subscription.

bombcar2y ago

This is the root issue with these - people subscribe to Disney+ et al because it has everything (Ariel voice) and then they get bored having watched it all, the kids are satisfied by a single dvd on repeat, so you let the subscription lapse.

I had D+, Prime, and Netflix at one point and now have none.

The DVDs at the library are free, too.

j / k navigate · click thread line to collapse

0 comments

lotsofpulp2y ago

See their net income and profit margin trends:

https://www.macrotrends.net/stocks/charts/DIS/disney/net-inc...

https://www.macrotrends.net/stocks/charts/DIS/disney/profit-...

Doesn’t look so hot for the last 4 or 5 years. They went from earning near $10B per year to less than $3B per year.

Rexxar2y ago

If you ignore the Covid drop, the trend change seems to start in 2019 when they bought Century Fox.

lotsofpulp2y ago

I’m not sure what the exact cause is, but for some reason, they lose billions on streaming (page 24):

https://thewaltdisneycompany.com/app/uploads/2023/11/Q4_FY23...

2 more replies

Staple_DietOP2y ago

Thanks, this definitely adds some context. Seems all these acquisitions is costly work.

patmorgan232y ago

sofixa2y ago

> Their subscription service is only behind Netflix and Amazon

This is why Netflix is constantly churning out new stuff of very varying quality (utter shit next to masterpieces) - you need to keep people paying the subscription.

bombcar2y ago

I had D+, Prime, and Netflix at one point and now have none.

The DVDs at the library are free, too.

j / k navigate · click thread line to collapse