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Message
Disney is hemorrhaging $30 million daily due to lockdown
Posted on 4/15/20 at 1:58 pm
Posted on 4/15/20 at 1:58 pm
quote:
Media industry analyst Hal Vogel estimated that Disney is losing roughly $30 million a day amid the coronavirus pandemic, The New York Times reported
Disney has closed its theme parks and cruise lines, and has postponed the releases of several films, including Black Widow and Mulan, leading to massive drops in revenue as the coronavirus pandemic continues to spread.
Disney’s focus on “experiences” over “on-screen entertainment” was once both coveted and imitated, but is now completely impossible to execute amid a pandemic that forces everyone to socially distance.
Even Disney’s new streaming service, Disney+, which is ideal for those staying inside, and reportedly racked up 50 million subscribers in 5 months is financially struggling due to the lack of new content, as all entertainment
.
LINK
That translates to $900 million in 30 days. If something doesn’t happen soon, Disney will be bankrupt.
This post was edited on 4/15/20 at 2:00 pm
52
Posted on 4/15/20 at 1:59 pm to Darth_Vader
quote:
$30
quote:
Disney...... has postponed the releases of several films, including Black Widow and Mulan, leading to massive drops in revenue as the coronavirus pandemic continues to spread.
quote:
Even Disney’s new streaming service, Disney+, ....... is financially struggling due to the lack of new content, as all entertainment productions have come to a standstill.
quote:
“A crisis of this magnitude, and its impact on Disney, would necessarily result in my actively helping Bob [Chapek] and the company contend with it, particularly since I ran the company for 15 years!” Former CEO Bob Iger wrote in an email to the Times.
Iger has returned as Disney’s “executive chairman” to help the company amid the global pandemic, while current CEO Bob Chapek will keep his title.
This post was edited on 4/15/20 at 2:22 pm
Posted on 4/15/20 at 1:59 pm to Darth_Vader
quote:
Disney is hemorrhaging $30 daily
Whoa. That's big money.
Posted on 4/15/20 at 1:59 pm to Darth_Vader
quote:
$30
So lunch for 2?
Posted on 4/15/20 at 1:59 pm to Darth_Vader
quote:
f something doesn’t happen soon, Disney will be bankrupt.
That will never happen. Good job on the fear mongering!
Posted on 4/15/20 at 2:00 pm to Darth_Vader
I don't give 2 shits if Disney goes bankrupt.
Posted on 4/15/20 at 2:00 pm to Darth_Vader
There are only about 95% of the companies around the world that are hemorrhaging money daily
Posted on 4/15/20 at 2:01 pm to Darth_Vader
One Chinese person did all of this.
Posted on 4/15/20 at 2:01 pm to OleWarSkuleAlum
quote:
That will never happen. Good job on the fear mongering!
No business can sustain those types of losses long term. Not even Disney.
Posted on 4/15/20 at 2:01 pm to Darth_Vader
They have not stopped paying the dividend have they? Must not be too bad over there.
Posted on 4/15/20 at 2:01 pm to Darth_Vader
It's time to open back up plain and simple...
Posted on 4/15/20 at 2:02 pm to Darth_Vader
they own fricking everything. they'll be ok
Posted on 4/15/20 at 2:02 pm to Darth_Vader
They sold our country out to China. frick em.
Posted on 4/15/20 at 2:02 pm to Darth_Vader
Are they losing that much money or he is just citing opportunity costs.
With the parks closed and so many of their employees on furlough I find it hard to believe their daily expenses are that high.
With the parks closed and so many of their employees on furlough I find it hard to believe their daily expenses are that high.
Posted on 4/15/20 at 2:02 pm to Darth_Vader
All they need to do is sell the churro recipe to the fat people.
Money recouped, problem solved
Money recouped, problem solved
Posted on 4/15/20 at 2:03 pm to Darth_Vader
And that's just from missing out on the first 20 visitors of the day with as expensive as they are.
Posted on 4/15/20 at 2:03 pm to Darth_Vader
That’s a $29,999,970 typo in your title.
Posted on 4/15/20 at 2:03 pm to Robin Masters
quote:Do what?
They sold our country out to China. frick em.
Posted on 4/15/20 at 2:03 pm to Darth_Vader
quote:
No business can sustain those types of losses long term. Not even Disney.
Disney can get unlimited borrowing. They are not going bankrupt.
Posted on 4/15/20 at 2:04 pm to Darth_Vader
Disney Plus bridging the gap I assume.
ps - revenue was 4 BILL in 2019 which was about 4x increase from 2018. I bet it tops 6 BILL in 2020.
ps - revenue was 4 BILL in 2019 which was about 4x increase from 2018. I bet it tops 6 BILL in 2020.
This post was edited on 4/15/20 at 2:06 pm
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