I’m sure that lots of managers are having lots of meetings to discuss what happened, and that’s probably the hardest hit they had: noise.
The revenues will be slightly impacted but they will hardly notice it on quarterly reports.
Does that impact the company value? I don’t think so.
Calculate the 0.6% of your wage: that’s what $300M is for them.
No idea, but of Disney+, Hulu and ESPN, only Disney+ is available in the EU and it gets only a small fraction of the market.
Yes, but I looked up Disney+, Hulu and ESPN combined.
The total allegedly includes subscriptions to Disney+, Hulu and ESPN. That falloff reportedly marked a 436 percent increase over the usual churn rate for the service.
So 317.000 users would have cancelled anyway and the actual protest was 1.3 million. If my googling is right, in total there are ~207 million subscribers.
Summarizing, they lost the 0,6%. Much more that what I expected, but hardly noticeable. I’d love to know how many already subscribed back.
them failing is for the best
The issue with that is that half of the jobs are in those companies. To that half, you need to add all the small business in the supply chains, and don’t forget the pension funds and personal savings invested in their stocks and bonds.
It doesn’t make much sense what you wish for.
Besides that, sorry, but they won’t fail. Regulations are much more likely to happen.
You think the global economy is going to collapse because Disney collapses?
No, I don’t, but Disney could easily be a 5% of a pension fund, and its price fluctuation can have a significant impact on common people.
They make a lot of money as a corporation but that’s not important because they don’t pay any taxes.
That’s actually ad advantage for investors such as your pension fund.
Of course, but it’s a more realistic goal than shouting “let’s burn the megacorps” and it can be achieved through regulations.
“You guys” who?
I don’t want megacorps to fail. I want them to be ethical.
It’s not about caring but about effectiveness. Even if I’m one of those suckers that “vote with his wallet”, I know that it’s naive to think that cancelling a subscription will move the needle for corporations like Disney.
Consider also the collateral damages of a hypothetical successful anti-Disney campaign: layoffs, drop in the stock market with impacts on pension funds, projects cancelled with third parties (so more layoffs and drops in the stock market), …
The right protest here (IMHO) is against Trump, MAGA, and especially who voted for them. That may be more effective and with less collateral damages than trying to bankrupt Disney by cancelling Disney+ from the couch.
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True, but if you stop working your income drops to 0, while if Disney stops working, it still owns billions in assets.