• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

Trump Announces First Post-Tariff Trade Deal

May 8, 2025

100 Funny Father’s Day Quotes for Hilariously Relatable Humor (and Plenty of Love Too)

May 8, 2025

Top 10 Benefits Of Acupuncture

May 8, 2025
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Friday, May 9
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Security video shows brazen sexual assault of California woman by homeless man

    October 24, 2023

    Woman makes disturbing discovery after her boyfriend chases away home intruder who stabbed him

    October 24, 2023

    Poll finds Americans overwhelmingly support Israel’s war on Hamas, but younger Americans defend Hamas

    October 24, 2023

    Off-duty pilot charged with 83 counts of attempted murder after allegedly trying to shut off engines midflight on Alaska Airlines

    October 23, 2023

    Leaked audio of Shelia Jackson Lee abusively cursing staffer

    October 22, 2023
  • Health

    Disparities In Cataract Care Are A Sorry Sight

    October 16, 2023

    Vaccine Stocks—Including Pfizer, Moderna, BioNTech And Novavax—Slide Amid Plummeting Demand

    October 16, 2023

    Long-term steroid use should be a last resort

    October 16, 2023

    Rite Aid Files For Bankruptcy With More ‘Underperforming Stores’ To Close

    October 16, 2023

    Who’s Still Dying From Complications Related To Covid-19?

    October 16, 2023
  • World

    New York Democrat Dan Goldman Accuses ‘Conservatives in the South’ of Holding Rallies with ‘Swastikas’

    October 13, 2023

    IDF Ret. Major General Describes Rushing to Save Son, Granddaughter During Hamas Invasion

    October 13, 2023

    Black Lives Matter Group Deletes Tweet Showing Support for Hamas 

    October 13, 2023

    AOC Denounces NYC Rally Cheering Hamas Terrorism: ‘Unacceptable’

    October 13, 2023

    L.A. Prosecutors Call Out Soros-Backed Gascón for Silence on Israel

    October 13, 2023
  • Business

    Trump Announces First Post-Tariff Trade Deal

    May 8, 2025

    Electric Vehicle Sales Nosedive As GOP Takes Buzzsaw To Biden’s Mandate

    May 7, 2025

    Tyson Foods Announces It Will Bend The Knee To Trump Admin’s New Rules

    May 7, 2025

    Federal Reserve Holds Interest Rates Steady Despite Pressure From Trump

    May 7, 2025

    ‘Wait Them Out’: John Kennedy Tells Larry Kudlow One Lie He Suspects China’s Telling US

    May 7, 2025
  • Finance

    Ending China’s De Minimis Exception Brings 3 Benefits for Americans

    April 17, 2025

    The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

    April 17, 2025

    Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

    April 17, 2025

    How China’s Companies Are Responding to the US Trade War

    April 16, 2025

    The US Flip-flop Over H20 Chip Restrictions 

    April 16, 2025
  • Tech

    Cruz Confronts Zuckerberg on Pointless Warning for Child Porn Searches

    February 2, 2024

    FTX Abandons Plans to Relaunch Crypto Exchange, Commits to Full Repayment of Customers and Creditors

    February 2, 2024

    Elon Musk Proposes Tesla Reincorporates in Texas After Delaware Judge Voids Pay Package

    February 2, 2024

    Tesla’s Elon Musk Tops Disney’s Bob Iger as Most Overrated Chief Executive

    February 2, 2024

    Mark Zuckerberg’s Wealth Grew $84 Billion in 2023 as Pedophiles Target Children on Facebook, Instagram

    February 2, 2024
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Business»Disney Quietly Acknowledges Its Left-Wing Agenda Is Costing Shareholders
Business

Disney Quietly Acknowledges Its Left-Wing Agenda Is Costing Shareholders

November 27, 2023No Comments4 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Mickey And Minnie Mouse Welcome Everyone To Hong Kong Disneyland Resort
Share
Facebook Twitter LinkedIn Pinterest Email

Disney quietly acknowledged last week its left-wing political agenda is out of step with the American public and reducing the company’s profits.

The entertainment giant’s annual 10-K financial statement became publicly available on Nov. 21 and the form lists Disney’s social activism as one of the company’s “risk factors” for future performance. (RELATED: EXCLUSIVE: Disney’s Latest DEI Move Is To Give Pronoun Pins To Epcot Janitors)

“We face risks relating to misalignment with public and consumer tastes and preferences for entertainment, travel and consumer products, which impact demand for our entertainment offerings and products and the profitability of any of our businesses,” Disney’s 10-K reads.

LAKE BUENA VISTA, FL – JULY 09: A view of the Walt Disney World theme park entrance on July 9, 2020 in Lake Buena Vista, Florida. The theme park is scheduled to reopen on Saturday despite a surge in new Covid-19 infections throughout Florida, including the central part of the state where Orlando is located. (Photo by Octavio Jones/Getty Images)

“Generally, our revenues and profitability are adversely impacted when our entertainment offerings and products, as well as our methods to make our offerings and products available to consumers, do not achieve sufficient consumer acceptance. Further, consumers’ perceptions of our position on matters of public interest, including our efforts to achieve certain of our environmental and social goals, often differ widely and present risks to our reputation and brands,” the document continues.

Disney CEO Bob Iger acknowledged its recent box-office flops during an investor call upon the release of Disney’s quarterly earnings report on Nov. 8.

See also  China central-bank adviser proposes structural reforms to revive economy

“As I’ve looked at our overall output, meaning the studio, it’s clear that the pandemic created a lot of challenges creatively for everybody, including for us,” Iger said, according to CNBC. “I’ve always felt that quantity can be actually a negative when it comes to quality, and I think that’s exactly what happened, we lost some focus.”

Disney’s challenges include the months-long actors’ strike, an ongoing legal battle with Republican Florida Gov. Ron DeSantis, declining profits from ESPN, box office flops and a streaming service that has yet to be profitable.

Florida Governor Ron DeSantis answers questions from the media in the Florida Cabinet following his “State of the State” address during a joint session of the Florida Senate and House of Representatives at the Florida State Capitol in Tallahassee, Florida, on March 7, 2023. – DeSantis positioned himself Tuesday as the leading Republican alternative to White House candidate Donald Trump, launching a legislative session that offers red meat for the ex-president’s base as the party’s rising star weighs his own 2024 campaign. (Photo by CHENEY ORR / AFP) (Photo by CHENEY ORR/AFP via Getty Images)

Disney laid off thousands of employees at ESPN and other subdivisions earlier this year in order to reduce costs and restructure the company, Variety reported. ESPN fired some of the network’s most well-known on-air commentators in July as part of its restructuring.

The company believes its streaming business can be profitable in the fourth quarter of fiscal year 2024 and Iger reportedly told investors in September he plans on quieting down the company’s culture war battles. Disney’s recent movies and TV shows have strongly promoted left-wing ideas about race, gender and sexuality.

See also  MTV News Is Latest Left-Wing ‘News’ Outlet to Shut Down

In March 2022, Bob Chapek, Disney’s previous CEO, came out against DeSantis’ legislation banning the discussion of gender identity and sexuality in classrooms for K-3 students. Chapek was Iger’s chosen successor when he became CEO in February 2020 after leading Disney’s parks division.

DeSantis responded by removing the Reedy Creek Improvement District, Disney’s self-governing zone and special tax district, and installing his own governing board to oversee the Walt Disney World resort.

Disney is suing the DeSantis administration for what the company argues constitutes government retaliation against the company. Disney narrowed its lawsuit in September to focus solely on its free speech claim against DeSantis.

Iger came out of retirement in November 2022 to replace Chapek and reportedly told employees he wanted to tone down the company’s culture war fights. Iger criticized DeSantis in April for his actions against the company after Disney publicly attacked DeSantis’ legislation.

Ridership at all four of Disney World’s parks dropped over the summer and a poll taken in May showed Disney’s social stances harmed the company’s reputation.

Disney did not respond to a request for comment.

Acknowledges Agenda Costing Disney leftwing Quietly Shareholders
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Trump Announces First Post-Tariff Trade Deal

May 8, 2025

Electric Vehicle Sales Nosedive As GOP Takes Buzzsaw To Biden’s Mandate

May 7, 2025

Tyson Foods Announces It Will Bend The Knee To Trump Admin’s New Rules

May 7, 2025

Federal Reserve Holds Interest Rates Steady Despite Pressure From Trump

May 7, 2025
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Mexico’s core inflation to fall to lowest level since late 2021 in August

September 6, 2023

Sustained Inflation Is Ratcheting Up Healthcare Costs For Working Americans

October 18, 2023

‘Anti-Capitalist’ Colin Kaepernick Posts Video Promoting Nike Merch, Touting Unlikely NFL Comeback

July 25, 2023

Cincinnati Reds Legend Johnny Bench Apologizes for ‘Insensitive’ Remark

July 17, 2023
Don't Miss

Trump Announces First Post-Tariff Trade Deal

Business May 8, 2025

President Donald Trump announced Thursday the U.S. has reached a trade agreement with the U.K.,…

100 Funny Father’s Day Quotes for Hilariously Relatable Humor (and Plenty of Love Too)

May 8, 2025

Top 10 Benefits Of Acupuncture

May 8, 2025

Electric Vehicle Sales Nosedive As GOP Takes Buzzsaw To Biden’s Mandate

May 7, 2025
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,110)
  • Entertainment (4,220)
  • Finance (3,202)
  • Health (1,938)
  • Lifestyle (1,626)
  • Politics (3,084)
  • Sports (4,036)
  • Tech (2,006)
  • Uncategorized (4)
  • World (3,944)
Our Picks

Disney’s Woke ‘Little Mermaid’ Bigger Bomb Than Previously Reported

October 4, 2023

South Korea export downturn slows, trade balance swings to surplus

July 2, 2023

How to Submit for Well+Good’s 2025 Beauty Awards

January 10, 2025
Popular Posts

Trump Announces First Post-Tariff Trade Deal

May 8, 2025

100 Funny Father’s Day Quotes for Hilariously Relatable Humor (and Plenty of Love Too)

May 8, 2025

Top 10 Benefits Of Acupuncture

May 8, 2025
© 2025 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.