- Joined
- Feb 19, 2017
Late in responding to this, but I figured I'd give my two cents on the matter
Apparently, the rumors are that the losses at Disney are worse than what's actually reported and that there's a struggle between those who want to shut more down to save money and weather out the pandemic and the diversity hires who want to keep spending more to push the woke line.
Agreed, although I think they'll try to sell off A&E and History Channel before something as big as ESPN or ABC.
The Fox buyout was way too much, and keep in mind that everything they bought from Fox is still tied up in legal contract and paperwork issues with the exception of The Simpsons, which Iger made sure to spare no expense in fast-tracking that so it could be available at launch for Disney+
6bil in cash reserves for a global corporation like Disney may be low, but how badly are the really going to be affected for the rest of 2020?
Rumors of Disneys impending demise due to corona but if they have shut everything down, there expenses should be close to 0. They can always get a loan to hold them over until this change a little bit and they have a bunch of things to break off and sell if necessary.
Maybe I'm wrong, but I think the preemptive doing dong the witch is dead cheering is probably too early. Everyone(including me) talking about Disney's finances sound like they don't know the way money and business work in the real world practically and everything is being said from theory.
Apparently, the rumors are that the losses at Disney are worse than what's actually reported and that there's a struggle between those who want to shut more down to save money and weather out the pandemic and the diversity hires who want to keep spending more to push the woke line.
Doomcock is an idiot, because while I definitely expect them to only keep chain announcing shit as vaporware to try and save face and trick smoothbrains via paid mouthpieces they own, they aren't going to die. Sell off companies and go stupidly frugal, but not die. Not yet at least.
I expect them to sell off assets well before then, and they have a lot that could keep them alive. Since Iger is still basically in charge IMO (Chapek's a lamb to sacrifice for the bad year), I expect the first big sale ESPN first. Then ABC well before Fox or LFL, since Iger is a weak and petty man who lies to himself every day about being a strong and intelligent money maker.
They'd have to go Chapter 11 well before they'd sell Marvel though.
Agreed, although I think they'll try to sell off A&E and History Channel before something as big as ESPN or ABC.
The Fox buyout was way too much, and keep in mind that everything they bought from Fox is still tied up in legal contract and paperwork issues with the exception of The Simpsons, which Iger made sure to spare no expense in fast-tracking that so it could be available at launch for Disney+