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Disney

Disney Is in Deep, Deep Trouble as Major Losses Threaten to Collapse Its Retail Business

by Epic Economist
July 7, 2023
in Curated, Videos
Geopolitical turmoil has prompted price hikes for long-term storage survival food. Heaven’s Harvest is the exception because their all-American food is sourced locally. Use promo code “Patriot” for a nice discount today!

Disney is in financial distress as its latest movie releases result in billionaire losses while its retail footprint continues to shrink, its streaming service underperforms, and its Florida amusement parks face political battles with state government Ron DeSantis.

The company’s poor financial results are worrying Wall Street and sending shares into a free fall at a time when bankruptcies in the entertainment sector continue to rise. Experts say CEO Bob Iger has a huge problem on his hands, and in today’s video, we break down the troubles facing the House of Mouse.

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A new analysis by Valliant Renegate estimates that the Walt Disney Company is looking at a $900 million loss following the fiasco of its latest releases. The last eight studio movies put out by the entertainment giant had a very weak performance compared to executives’ expectations.

CEO Bob Iger has been facing increasing pressure due to the mounting losses, but he has also been dealing with a political battle against Florida Governor Ron DeSantis, who is trying to take over Disney World’s theme park district. The conflict between DeSantis and Disney started in 2022 after the entertainment enterprise, in the face of rising backlash, publicly opposed legislation concerning a bill that banned schools from teaching about sexual orientation and gender identity for the state’s students.

In retaliation, DeSantis took over Disney World’s governing district through legislation passed by lawmakers and established a new board of supervisors. But the truth is that Disney’s amusement park problems in Florida are small in comparison to the issues facing its online and brick-and-mortar retail operations.

The company’s streaming media business is going from bad to worse this year. According to data shared by Reuters, “Walt Disney Co faced streaming losses by $400 million in the prior quarter and also shed subscribers in Q1 2023.” Overall, the entertainment corporation lost $659 million just on its streaming segment. Subscriptions dropped to 157.8 million from 161.8 million. In total, the company is seeing a loss of over $1.5 billion.


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Additionally, Iger announced that two dozen physical locations in America will be eliminated before the end of 2023.

Wall Street is extremely worried about the headwinds faced by Disney, and investors punished the company for its latest earnings report. Amid multiple controversies and shakeups, The Walt Disney Company’s stock price is nowhere near where it once was, losing 117% of its value since 2021. Since the beginning of the year, shares plunged by almost 20%. Financial experts say that the selloff was fueled by uncertainty over Iger’s takeover of the company.

So far, the new CEO has not turned the company around. His, so far, has not been successful. Instead, he laid off 7,000 workers in a cost-cutting move. The cuts come as he tries to slash $5.5 billion in costs to keep the business afloat. The outlook is truly concerning, especially amid a trend of billionaire bankruptcies in the entertainment industry.

This year alone, Vice Media, Regal Cinemas, which owns CineWorld and National CineMedia filed for bankruptcy due to a massive drop in revenue and loss of profitability. The environment is getting more hostile for US businesses as Americans continue to struggle financially. The future of Disney is on the line, and now more than ever, executives must step up their game to save the legacy of Walt Disney.

Video and article cross-posted from Epic Economist.






Why One Survival Food Company Shines Above the Rest

Let’s be real. “Prepper Food” or “Survival Food” is generally awful. The vast majority of companies that push their cans, bags, or buckets desperately hope that their customers never try them and stick them in the closet or pantry instead. Why? Because if the first time they try them is after the crap hits the fan, they’ll be too shaken to call and complain about the quality.

It’s true. Most long-term storage food is made with the cheapest possible ingredients with limited taste and even less nutritional value. This is why they tout calories so much. Sure, they provide calories but does anyone really want to go into the apocalypse with food their family can’t stand?

This is what prompted the Llewellyns to launch Heaven’s Harvest. They bought survival food from multiple companies and determined they couldn’t imagine being stuck in an extended emergency with such low-quality food. They quickly discovered that freeze drying food for long-term storage doesn’t have to mean sacrificing flavor, consistency, or nutrition.

Their ingredients are all-American. In fact, they’re locally sourced and all-natural! This allows their products to be the highest quality on the market, so good that their customers often break open a bag in a pinch to eat because they want to, not just because they have to due to an emergency.

At Heaven’s Harvest, their only focus is amazing food. They don’t sell bugout bags, solar chargers, or multitools. They have one mission – feeding Americans in times of crisis.

What they DO offer is the ability for people to thrive in times of greatest need. On top of long-term storage food, they offer seeds to help Americans for the truly long-term. They want them to grow their own food if possible which is why they offer only Heirloom, Non-GMO, Non-Hybrid, Open-Pollinated seeds so their customers can build permanent food security on their own property.

Visit the Heaven’s Harvest website and use promo code “Patriot” for a discount today!

Promised Grounds
Tags: DisneyEconomyEpic EconomistLedeRon DeSantisTop Story
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Comments 5

  1. LUVEDTHISCOUNTRY says:
    2 years ago

    Igor!
    All you have to do is, LEAVE OUR CHILDREN ALONE!

    Reply
    • Bradley Sanford says:
      2 years ago

      So true. Excellent!

      Reply
  2. Bradley Sanford says:
    2 years ago

    IDK.I am aware of hundreds of businesses doing well, including mine, in this terrible biden economy. You left out one major aspect of Disney’s woes. That is a mental illness called woke, that a large percentage of my fellow Americans reject outright. Bud Light anyone?

    Reply
  3. Harry says:
    2 years ago

    Simple concept be concerned with your core bus and leave all the BS about sexualization of children alone. Stop shoving into movies, your parks, your products. Even as simple as same sex kissing in childrens related content. YOUR CONSUMER IS BANNING YOU AND YOUR WOKE STUFF. Cancelled my Disney stuff and you couldn’t pay me to visit their parks or see anything that’s has their affiliation.

    Reply
  4. Tom Pernia says:
    2 years ago

    Disney will now be labeled as the groomer company.

    Reply

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