patrick.net

Couldn't have happened to a nicer rapacious media corporation.

#FuckDisney and their H1B's.

Couple personal observations:

My buddy just bought passes to various Disney attractions the other day. He said everything was dirt cheap compared with before. Not something I'd do with my kids, but it was interesting to see Disney suffer.

My younger sister cancelled her Disney+ subscription due to Disney's political stances - and my sister isn't political.

Stock price still rising perhaps based on subscribers to Disney+. The new Mulan movie is supposed to release direct to streaming, offered at $30 to buy? Idk. Some say if half of Disney’s 60,000,000 subscribers buy the movie it will gross 900 million.

All Disney theme parks would still be closed if they weren't financially hurting. And because they are the King Fucking Bee of the Communist Propaganda wing of America's Democrat Socialist party, i.e. the DNC, they are allowed to open spite everyone else has to remain closed.

I bet the Civil War reenactment theme park attractions around the Beltway are still closed.

Shaman says

Stock price still rising perhaps based on subscribers to Disney+. The new Mulan movie is supposed to release direct to streaming, offered at $30 to buy? Idk. Some say if half of Disney’s 60,000,000 subscribers buy the movie it will gross 900 million.

Disney ain't going anywhere. Whether you like the more recent movies they've put out or not is a moot point. The catalog is huge and they can print money without the theme parks existing at all. The theme parks are expensive to operate and aren't all that much of their profit. It just a part of the whole Disney package. The content is where the $$$ is. They could stop making movies tomorrow and still make billions for the foreseeable future.

You don't have to like Disney or agree with the messages they're putting out, but Disney won't die before anyone here on this forum dies or probably even their grandkids if you're old enough.

WookieMan says

You don't have to like Disney or agree with the messages they're putting out, but Disney won't die before anyone here on this forum dies or probably even their grandkids if you're old enough.

Yep.

Shaman says

Stock price still rising perhaps based on subscribers to Disney+.

"Analyst" consensus was that DIS will lose 64 cents per share. They actually earned 8. So much for "analysts" and their "consensus".

https://www.cnbc.com/2020/09/29/disney-to-layoff-28000-employees-as-coronavirus-slams-theme-park-business.html

Disney to lay off 28,000 employees as Chinese Wuhan virus slams its theme park business

Prolonged closures at Disney’s California-based theme parks and limited attendance at its open parks has forced the company to lay off 28,000 employees across its parks, experiences and consumer products division, the company said.

In a memo sent to employees on Tuesday, Josh D’Amaro, head of parks at Disney, detailed several “difficult decisions” the company has had to make in the wake of the coronavirus pandemic, including ending its furlough of thousands of employees.

Shares of the company fell less than 2% after the closing bell on Tuesday.

Around 67% of the 28,000 laid off workers were part-time employees, according to a statement by D’Amaro on Tuesday. The company declined to break down the layoffs by individual park locations.

a family company that makes all the money selling family friendly content that decides to go full speed into liberal elite social bullshit... replacing family content with lgbt pedo and feminism... what could possibly go wrong?

Eric Holder says

So much for "analysts" and their "consensus".

When I worked at Schwab, they did a study showing that an analyst consensus of "strong buy" was the best indicator of future stock declines.

The best indicator of future stock growth was the non-committal "hold", or not being rating by analysts at all.