Go Woke, Go Broke. Disney, Netflix, Twitter – yeah, they’re in the dumpster. And Disney’s troubles have just started.
First, Netflix has lost 200,000 subscribers as of 4/19 (reformatted, emphasis mine):
Netflix is having a Terrible, Horrible, No Good, Very Bad Day, announcing that it’s lost 200,000 paid subscribers in the first quarter—its first subscriber loss since 2011. Shares of the company quickly dived off a cliff, plunging more than 25 percent in after-hours trading. Worse, the company is expecting a stunning two million subscriber loss for the second quarter. They issued a letter to their shareholders Tuesday, writing:
Our revenue growth has slowed considerably as our results and forecast below show. …However, our relatively high household penetration – when including the large number of households sharing accounts – combined with competition, is creating revenue growth headwinds.
That’s a good strategy – blaming your customers for your ills. And Wokeness:
What isn’t going to help is that Netflix has also made it clear that it doesn’t really care how angry people get about the wokeness of a show. In fact, they consider backlash to be a good thing because it gets people talking about it.
And then after talking, a lot of them canceled Netflix.
So much of this started in the schools where Parents were seeing the Woke ideology from Critical Race Theory and Gay/Transgender Sexuality being rammed down their kid’s throats, even in Kindergarten. Then they started to examine “Where, What, and Who else is doing this as well” and there’s Netflix and Disney with derisive grins on their faces as if to say “You can’t live without our programming!”
“Sure thing, Sparky, hold ma beer,” said Dad and Mom.
It happened in my household but not until I showed TMEW what was going on there with their Executives blatantly talking about embedding their LGBTQRTSUV ideology into kiddie shows; no regard at all to their former family value programming – or our family values. Until then, she had been rather blase about the sexuality, BLM, CRT and other Wokeness being injected into her normal network shows (she wasn’t thrilled about me pointing them out all the time but she finally had reached her limit and said “This ISN’T normal life!”). But Disney made it personal when she was watching a Disney program for the Grandson and exclaimed “I Do Not Want My Grandson Coming to Me Asking “What Is ‘Queer’?”
They overstepped. And then overstepped again in going after Florida Gov Ron DeSantis in demanding that he veto the Parental Rights bill going through the Florida Legislature (it passed, he signed so as to protect K-3grade from being taught sexuality in which most Normal, sane people would agree shouldn’t be done) and then doubled down in threatening the Republican elected politicians. DeSantis also said “Hold Ma Beer” (except his was a tanker truckload) and canceled the Reedy Creek special government/tax/ building codes that effectively made this private company its own government. Now since its DisneyWorld stretches across two counties, they are going to be in a world of conflicting ordinances, regulations, taxes, and generally bothersome politicians and regulators now seeing virgin territory for them – and LOTS and LOTS of new tax revenues.
Ordinarily, my kneejerk reaction would be to say NO to more revenues but I’m in a b****y mood over this so “GO for it guys; couldn’t happen to a better depraved company!” Yes, revenge and retribution are better served cold but a hot BBQ is good, too, so Disney is going to be put on a spit over the next few years.
Huh, I forgot to mention Disney’s stock price – a year ago, it was over $300/share. As of Friday, it was down to $118.36. I’m not a stock guy but I should go short the stock (believing that the price is going to drop even more over their “Sexual orientation” programming and what they are doing with their resorts. And what other families are no longer doing with their programming and resorts.
Netflix started the year at $597/share and closed Friday at $215. Disney was at $118.13. Yes, you can call this a “hammering”
We stopped payments to both Disney and Netflix. However, a couple of days ago, Netflix sent TMEW an email “offering” a 33% discount from our previous rate to “come back”.
She snorted and said some words that I can’t (deliberately won’t?) remember; the “anger fire” in her eyes shined brightly after reading the email.
They should have asked Dick’s Sports first before going woke. Or a lot of others.
An arrogant lot, these Wokesters.