Disney Dismay: Plunging Stock, Massive Subscription Loss & Box Office Blunders
Economic mayhem akin to the collapse of a great empire looms over Disney, stirring unease amongst investors. Despite Bob Iger’s grand rescue plan, Disney’s shares plummeted by a shocking 3.9% on Thursday, its lowest in nearly a decade. Even Disney+, the company’s streaming service, couldn’t evade the onslaught, losing over 300,000 subscribers last quarter. Between costly film flops and a disconcerting shift in narrative for Snow White’s remake, Disney’s once indomitable reign teeters on a precariously narrowing edge. Clear as a bell, with fallible giants such as Disney crumbling, we see that no industry champion is immune to market realities.