Thread regarding Disney layoffs

Insiders are confirming more job cuts to coincide with the accelerated Hulu purchase at the end of this month. Don't know how many. The original plan was to issue additional stock. That won't work now since it is at $80 (or below). Good luck everyone

targeting minimum $5 billion in cost savings

Insiders are confirming more job cuts to coincide with the accelerated Hulu purchase at the end of this month. Don't know how many. The original plan was to issue additional stock. That won't work now since it is at $80 (or below). Good luck everyone

"Idk why people post paragraphs like anyone will read it."
what kind of person posts something like this? this is a board for company discussion. if a post is too many words for you, all you have to do is keep scrolling.

Disney was already on the hook to buy hulu no later than January but Comcast had the right to put the sell if at any point before then. Knowing our financial situation is in terrible shape and there are two serious lawsuits looming, they invoked that right.

Comcast knows what they're doing. Their intent is to put Disney out of business.

Article uses tech bubble concepts like “engagement” instead of “profitability”. Seriously, this transaction can’t wait six months? Comcast will be delighted to exit at the peak.

@1jag+1otudNTw its cool man, some of us are literate

Hulu's $26.5b valuation is only the floor and is more likely to exceed $50b.

Comcast smells mouse blood in the water. Good luck everyone.

Idk why people post paragraphs like anyone will read it.

So let me get this straight…

• not a single profitable box office release in at least a year with nothing profitable forecasted in the pipeline heading into Q2
• 2 class lawsuits for fudging the numbers on a streaming service that still has yet to generate profit that is, btw, bleeding subscribers
• park attendance is currently lower than it was in the middle of a global pandemic
• All channels on spectrum cable have gone dark indefinitely, impacting 15 million households
• The linear channels remaining are your primary source of revenue but part of a business model that has basically been fossilized
• ABC and Fox properties may or may not be for sale
• The most significant IP including classic Disney, Lucasfilms, Marvel, and Pixar are all reporting losses
• ESPN is converting to a gambling outlet nobody has any idea how it’s going to perform
• The stock price is at the lowest it’s been in a decade with more downside predicted
• $2 billion was flushed down the toilet on a hotel nobody went to
• And now you’re stuck buying out a competitors share of yet another unprofitable streaming service at a price you can’t afford

Yeah, don’t worry. Everything is just fine, these things happen. Totally normal.

Whatever it is you’re smoking @bes+1otudNTw, I’d love some right about now. If I wasn’t laughing at how f*cked this company is, I’d cry.

where exactly are iger and lansbury supposed to find an extra $7 BILLION dollars by the end of the month????? even if they exhausted all their COH and maxed out their credit lines there's only $20b in available cash and that leaves you with $0 as of October 1.

Ok