FAFO. DeSantis bad, China good. Phuck Disney.
https://ace.mu.nu/
Also: Disney's stock price fell nine percent after their latest earnings report, in which they reported another four million cancellations of their D-Minus streaming "service."
Disney shares fell nearly 9% Thursday after the company reported subscriber losses at Disney+ during the most recent quarter.
The company, which posted profit and revenue for the period that were in line with Wall Street estimates, reported a loss of four million Disney+ subscribers. That downtick was offset by price increases, which led to a narrowing of operating losses at the streaming unit by $400 million for the fiscal second quarter.
Still, Wall Street expected a gain of more than one million Disney+ subscribers, according to StreetAccount, and the surprise subscriber loss spooked the Street.
WDW Pro says that Bob Iger attempted to explain away his failures by casting itself as the victim of the mean Ron DeSantis, who is punishing Disney for Virtue Signalling so beautifully. WDW Pro points out that Disney is highly selective as far as its Virtue Signalling: Bob Iger loves taking on the American cultural conservative movement, and gets off on antagonizing them and losing their business, but, on the other hand, he also refuses to take a similar "Fuck You" stance towards China. Who he coddles, who he thanks, who he sucks up to.
Why is Bob Iger at war with Ron DeSantis, but fastest friends with President Xi in China? Why is it necessary for Disney to push the trans agenda to America's children when it cuts out any gay content in their movies for their Chinese audiences? Why is Disney willing to accommodate itself to Communist China, but not Florida?
On that point:
This is very interesting from Midnight's Edge.
For a long time, I've known that ESG -- "Environmental, Social, Governance" -- scores based on the ratings of leftwing woke organizations were being used to pressure corporations into pushing the extremist left agenda.
But I didn't know what actual mechanism was being used to punish corporations for not having a high enough Woke Quotient.
This Midnight's Edge video explains it: Corporations do not have all the money they need for their operations on-hand most of the time. They routinely have brief shortfalls of millions of dollars. So they need revolving lines of credit to remain liquid when making payroll.
Financial institutions used to loan out to corporations just based on their ability to pay the short-term loans back.
But now they've become a Woke Cartel and have added a new prerequisite for a loan: You have to have an ESG rating of a certain level, or the Woke Cartel will deny you short-term financing and your company will go insolvent the first time it has to make payroll but doesn't have the cash-on-hand to pay it.
