Pay attention to what is happening over there. Because that tsunami is coming for Warner next, and it will be Disney after that.
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Welp paramount just had their layoffs lol :(
@Ewog+1u0EtVPO Paramount reported their first quarter of streaming profitability the day after Disney reported their first quarter of streaming profitability.
https://thewaltdisneycompany.com/app/uploads/2024/08/q3-fy24-earnings.pdf
https://ir.paramount.com/static-files/e1d635aa-b744-4965-96d0-1b7fbc0faf1f
Huge difference. Paramount was still hiring when we did layoffs last year, and kept burning through cash. We reacted to the industry change, and now are turning profits (a quarter early) in streaming. Disney won’t follow suit.
Disney Publishing layoffs? I didn't hear anything about that especially as we were at D23 expo. Any truth to this claim and if so what are the details?
Surprise layoffs this week at Disney Publishing.
Six months ago I might not have been as concerned given parks and resorts performance but that’s no longer the case
Shutting down tv and streaming a la paramount is what everyone should be preparing for