Disney refuses to get out of its own way. The company is bleeding money, and stockholders are seeing the company’s losses intensify every time that the entertainment giant releases a new film, it seems. Now, with the highly anticipated “Snow White” live-action remake being crushed under the weight of the company’s constant woke lecturing, Disney seems poised to suffer yet another massive loss at the box office.
Disney is continuing to lose money hand over fist. The company has seen losses of $512 million in the last quarter and watched as its Disney+ streaming service continues to lose its subscriber base rapidly. Even the amusement parks that have held so strong for years have seen a decline in attendance this summer, a worrying sign for anyone who is bullish on the future of Disney stock.
The company has gone so far astray that the son of the creator of the original “Snow White” film, which played a key role in cementing Disney as the leader in cartoon entertainment, has spoken out against the company for its casing decision with the new movie. David Hand spoke to The Telegraph about the disgust that he feels for the way that new Disney leadership has ruined the memory of his father’s masterpiece.
“I mean, it’s a whole different concept,” said Hand, “and I just totally disagree with it, and I know my dad and Walt would also very much disagree with it. I think it’s pathetic that people feel that way… these are art forms in the world of film today.”
Going more in-depth about what he believes the company is doing wrong, Hand said, “They change the stories, they change the thought processes of the characters, they just aren’t the original stories anymore. They’re making up new woke things and I’m just not into any of that. I find it quite frankly, a bit insulting that they may have done with some of these classic films.”
This isn’t the only film that could cost Disney millions. The recent Indiana Jones release is reported to be poised to lose $100 million according to The American Tribune. That film was set to right the ship for Disney, who were suffering mightily in their many attempts to revive old successful franchises.
According to some analysts, this trend may yet be righted by Disney which has seen production costs reach abnormal highs in the years where the Covid pandemic reigned supreme. One such analyst, Shawn Robbins, said, “These movies would have been a lot more economical if it weren’t for COVID. But even if that meant their budgets were inflated, at the end of the day, these movies cost what they cost and performed how they performed.”
Whatever the case, Disney seems to have chosen to put their woke ideologies ahead of profits in a stunning move that may someday spell the end of the once-great entertainment beast.