The oft-repeated phrase Get Woke, Go Broke has proven itself to be true, over and over again. The attempts by businesses to display their social consciousness by getting onto the various leftist causes has ended up in disaster to their bottom lines.
Here is the case of the Walt Disney Company.
Earlier this month, came the news of the drop in the Disney Stock earnings.
Disney stock closed at $86.75 a share, down more than 13% as investors punished the company for its disappointing quarterly earnings report and weak earnings forecast.
Why did this happen? The company forgot it was in the business of entertainment and disregarded the kind of amusement that had appealed to its audiences, for decades. Under its CEO, Bob Chapek, it caved in to the demands of far-left activists. Instead of staying neutral, Chapek got involved in the Florida legislation and apologised to his employees but especially LGBTQ+ community for letting them down by not being their ally in the fight for equal rights.
Disney went on to create movies which included the sexualisation of children and those with transgender themes. Those woke productions failed. The result impacted the share prices of the Walt Disney Company.
During his disastrous tenure as Disney CEO, Bob Chapek oversaw a near-complete wokification of the once-beloved company with his aggressive pursuit of far-left causes, including transgenderism and the sexualization of children’s entertainment.
As a result, shares of the Walt Disney Co. are in the toilet and the previously invincible company is facing an uncertain financial outlook, with layoffs and hiring freezes on the horizon.
Now, Bob Chapek has been dumped and will be replaced by the former CEO, Bob Iger.
Disney CEO Bob Chapek went woke. Now he’s broke.
In a statement on Sunday, Susan Arnold, chairman of Disney’s Board of Directors, announced Chapek has stepped down from his position as head of the company and former CEO Bob Iger would be returning from retirement to take back the reins of power.
Will the change of CEO make any difference? As this article states:
But don’t expect a political reversal under old-now-new boss Bob Iger, who will no doubt push Disney even further left.
Iger, who once entertained a run for the White House against then-President Donald Trump, is an avowed leftist and social justice warrior who recently told CNN that corporate leaders have a moral duty to take a position on issues including climate change, immigration and, most recently, Florida’s anti-grooming Parental Rights in Education law.
“A lot of these issues are not necessarily political. It’s about right and wrong,” Iger said.
To begin with, parents no longer trust Disney to be alone with their children. What was once a company that focused on protecting and preserving the innocence of children is now a predatory company looking to sexualize children….
The “queering” of children’s entertainment, the grooming assaults on our children’s innocence, and the push to mutilate children as holy sacrifices to the trans lobby, all started at Disney under Iger.
Disney’s woke assault on art started under Iger.
Iger’s shellac might be might more polished than Chapek’s but Disney’s demonic turn to sexualize and prey on children is still the same threat it was yesterday.
It seems that Disney’s Board of Directors has not learnt a lesson from the Bob Chapek wokeism experiment. With Iger back in charge, how will it steer the company back to its original plan of good, wholesome entertainment? The next chapter will continue down the same path of pandering to a few far-left activists and not their audiences.
The Hollywood Reporter provides the box office results on Disney’s latest animated feature, Strange World.
There was no feasting on Thanksgiving for Strange World, which posted a Wednesday opening day gross of $4.2 million from 4,174 sites after earning a lukewarm B CinemaScore. On Thanksgiving, the pic earned $2.5 million, driving down already muted projections.
At this pace, Strange World is looking at a five-day opening of $20 million to $24 million, Disney Animation’s worst opening for a Thanksgiving title in modern times….
Strange World opens just days after Bob Iger’s return as CEO of the Walt Disney Co. after the shocking ouster of Bob Chapek.
The news about the crashing of the feature-length cartoon, this week, will really help Disney’s stock price to keep plummeting. If the Walt Disney Company hasn’t realised the real reason for its financial downfall, it may need another dose—a really large one—of the Get Woke, Go Broke experience.