By Christopher Harper
After 15 years at ABC News, I left the company after Disney took control.
The House of Mouse’s heavy-handed influence over ABC became clear to me when I was prevented from using footage of Disney World when I was doing a story about a crime committed there.
As a result, I’m happy to see that Disney is a mess!
–CEO Bob Iger had to return from retirement in 2022 after his handpicked successor had mismanaged the company. Now, Iger must find a new successor.
–Various questionable investments, such as the acquisition of Fox Entertainment and losses from streaming services, have affected the bottom line.
–Iger faces a major proxy battle because Disney’s shares are trading at their lowest point in a decade.
“Iger is a little over a year into his second stint as CEO, and his return to the House of Mouse isn’t going as planned. The decline of Disney’s long-lucrative TV business is quickening, and the supposed solution, streaming, has left Disney with billions of dollars in losses,” The Wall Street Journal reported recently. “Iger returned for his second stint as CEO to a changed media business and impatient shareholders. He is under pressure to ensure Disney’s streaming business reaches profitability in the final quarter of its current fiscal year, after racking up more than $11 billion in losses in its first four years.”
Major Disney stockholder Nelson Peltz is waging a massive proxy fight against Disney for mismanagement and non-accountability. Peltz has help from former Marvel Entertainment chairman Isaac Perlmutter, who played a crucial role in Disney’s rise as a superhero movie producer.
Disney also has been taking a decidedly leftist turn in its approach. In 2022, a group of employees circulated an open letter.
“The Walt Disney Company has come to be an increasingly uncomfortable place to work for those of us whose political and religious views are not explicitly progressive,” the employees wrote. “We watch quietly as our beliefs come under attack from our own employer, and we frequently see those who share our opinions condemned as villains by our own leadership.”
The employees noted Disney’s “Reimagine Tomorrow” campaign to promote “underrepresented voices.” They said that “the tomorrow being reimagined doesn’t seem to have much room for religious or political conservatives within the company. Left-leaning cast members can promote their agenda and organize on company time using company resources. They call their fellow employees’ bigots’ and pressure TWDC to use corporate influence to further their left-wing legislative goals.”
Even though I receive a monthly pension from Disney, I don’t have a dog in the hunt. But it appears someone has to hold Iger and his compatriots accountable for their actions.
Da Techguy's (no longer backup) Blog 
Funnily enough, catering to those “underrepresented voices” is, by definition, catering to a MINORITY of the population-at-large. In other words, seeking to target a group that is smaller and which expresses views that are distinctly in the minority guarantees a smaller audience for whatever product or service the business provides. If I am a dog walker, but limit my customer base to people who own basenjis, I am purposefully restricting my potential customer base and concommitantly reducing my potential for revenue. The only way to do business on that model is to raise my price or provide a service that is so superior that I can make up in individual sales what I am losing in volume. Disney’s express desire to cater to the “underrepresented” thus guarantees reduced revenue, which makes the shareholders rather unhappy. The people in charge of that business model are themselves living in a fairytale land, where they believe they can produce magical unicorns who fart out dollar bills. Ain’t never happened and ain’t gonna happen. Based on the product that Disney has been producing since it went woke, it will soon go broke unless it returns to its former business model of producing entertaining product that the majority of parents find acceptable for their children’s consumption. Ford learned the lesson that you can’t force consumers to buy a product they simply don’t like when it introduced the Edsel. Apparently Disney either forgot or more likely, never learned that lesson.
[…] Not Industrial Problem? Chicago Boyz: Strauss-Howe Generational Theory, Illustrated Da Tech Guy: The Messy House of Mouse, also, Total Con 38 Here I (Finally) Come Dana Loesch: Tuesday Roundup Don Surber: Turning the […]