Disney to furlough some US employees as coronavirus bites
Said it before, and explained it in today’s blog post - @Disney is going down...https://www.straitstimes.com/business/companies-markets/disney-to-furlough-some-us-employees-as-coronavirus-bites?xtor=CS3-20&utm_source=STiPad&utm_medium=share&utm_term=2020-04-03%208%3A04%3A32 …
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I was thinking about investing, but after reading their 10-k and seeing both how much debt they have, how much revenue is disappearing because of this crisis (theatres, parks), and how disney + won't make money I decided no way jose.
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Replying to @Molson_Hart @Disney
Absolutely. People don’t realize that Disney+ is hemorrhaging money right now, and isn’t projected to be profitable for 12-18 months. Launching a new platform is very expensive.
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And so is buying FOX!
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And Star Wars!
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And Marvel!
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Replying to @Molson_Hart @Disney
Take a look at my latest blog post - Iger’s empire-building was insane, IMHO.
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Bookmarked. He was a genius, until it blew up.
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By the way...for him to quit when he did is one of the most pathetic and cowardly moves I have ever seen from an executive, particularly one who was flirting with "running for president"? Get out of here.
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