{"id":1740162,"date":"2022-11-15T17:59:01","date_gmt":"2022-11-15T22:59:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1740162"},"modified":"2022-11-15T18:06:23","modified_gmt":"2022-11-15T23:06:23","slug":"disney-ceo-bob-chapek-confirms-company-undertaking-massive-cost-cutting-measures","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/disney-ceo-bob-chapek-confirms-company-undertaking-massive-cost-cutting-measures\/","title":{"rendered":"Disney CEO Bob Chapek Confirms Company Undertaking Massive Cost-Cutting Measures"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" 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  <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>After months of denying the realities of living in a recession, entertainment giant The Walt Disney Company is expected to make massive layoffs due to their poor financial outlook.<\/p>\n<div id=\"attachment_189137\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-189137\" class=\"size-full wp-image-189137\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2022.11.15-06.48-boundingintocomics-6373364a133d6.png\" alt=\"The Avengers - Captain America (Chris Evans), Thor (Chris Hemsworth), Black Widow (Scarlett Johannson), The Hulk (Mark Ruffalo), Rocket Racoon (Bradley Cooper_ and Vision (Paul Bettany) - lay defeated in Marvel&#039;s Avengers: Infinity War (2018)\" width=\"1920\" height=\"804\" srcset=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2022.11.15-06.48-boundingintocomics-6373364a133d6.png 1920w, https:\/\/boundingintocomics.com\/wp-content\/uploads\/2022\/11\/2022.11.15-06.48-boundingintocomics-6373364a133d6-300x126.png 300w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2022.11.15-06.48-boundingintocomics-6373364a133d6-1340x561-1.png 1340w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2022.11.15-06.48-boundingintocomics-6373364a133d6-768x322-1.png 768w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2022.11.15-06.48-boundingintocomics-6373364a133d6-600x250-1.png 600w\" \/><\/p>\n<p id=\"caption-attachment-189137\" class=\"wp-caption-text\">Source: Avengers: Infinity War (2018), Marvel Entertainment<\/p>\n<\/div>\n<p><strong>RELATED: <a href=\"https:\/\/boundingintocomics.com\/2022\/07\/20\/former-disney-ceo-bob-iger-reportedly-calls-hiring-ceo-bob-chapek-one-of-his-worst-business-decisions\/\">Former Disney CEO Bob Iger Reportedly Calls Hiring CEO Bob Chapek \u201cOne of His Worst Business Decisions\u201d<\/a><\/strong><\/p>\n<p>As per a memo sent to top company execs last Friday and subsequently viewed by <a href=\"https:\/\/variety.com\/2022\/film\/news\/disney-layoffs-hiring-freeze-bob-chapek-1235430840\/\">Variety<\/a>, the House of Mouse will begin taking substantial measures to offset the company\u2019s recent and abysmal <a href=\"https:\/\/thewaltdisneycompany.com\/app\/uploads\/2022\/11\/q4-fy22-earnings.pdf\">Q4 financial losses<\/a>.<\/p>\n<div id=\"attachment_181900\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-181900\" class=\"size-full wp-image-181900\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/09\/2022.09.23-01.22-boundingintocomics-632d0a4bb9536.jpg\" alt=\"\" width=\"1920\" height=\"1080\" srcset=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/09\/2022.09.23-01.22-boundingintocomics-632d0a4bb9536.jpg 1920w, https:\/\/boundingintocomics.com\/wp-content\/uploads\/2022\/09\/2022.09.23-01.22-boundingintocomics-632d0a4bb9536-300x169.jpg 300w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/09\/2022.09.23-01.22-boundingintocomics-632d0a4bb9536-1340x754-1.jpg 1340w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/09\/2022.09.23-01.22-boundingintocomics-632d0a4bb9536-768x432-1.jpg 768w\" \/><\/p>\n<p id=\"caption-attachment-181900\" class=\"wp-caption-text\">Source: Kingdom Hearts III (2019), Square Enix<\/p>\n<\/div>\n<p>\u201cWhile certain macroeconomic factors are out of our control, meeting these goals requires all of us to continue doing our part to manage the things we can control\u2014most notably, our costs,\u201d wrote Chapek to his fellow executives. \u201cYou all will have critical roles to play in this effort, and as senior leaders, I know you will get it done.\u201d<\/p>\n<p>To accomplish these goals, the CEO announced that he had \u201cestablished a cost structure taskforce of executive officers: our CFO, Christine McCarthy and General Counsel, Horacio Gutierrez.\u201d<\/p>\n<p>\u201cAlong with me, this team will make the critical big picture decisions necessary to achieve our objectives,\u201d he declared.<\/p>\n<div id=\"attachment_183499\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-183499\" class=\"size-full wp-image-183499\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/2022.10.03-04.40-boundingintocomics-633b108a7e749-scaled-1.jpg\" alt=\"\" width=\"2560\" height=\"1069\" srcset=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/2022.10.03-04.40-boundingintocomics-633b108a7e749-scaled-1.jpg 2560w, https:\/\/boundingintocomics.com\/wp-content\/uploads\/2022\/10\/2022.10.03-04.40-boundingintocomics-633b108a7e749-300x125.jpg 300w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/2022.10.03-04.40-boundingintocomics-633b108a7e749-1340x559-1.jpg 1340w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/2022.10.03-04.40-boundingintocomics-633b108a7e749-768x321-1.jpg 768w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/2022.10.03-04.40-boundingintocomics-633b108a7e749-600x250-1.jpg 600w\" \/><\/p>\n<p id=\"caption-attachment-183499\" class=\"wp-caption-text\">Letitia Wright as Shuri in Marvel Studios\u2019 Black Panther: Wakanda Forever. Photo courtesy of Marvel Studios. \u00a9 2022 MARVEL.<\/p>\n<\/div>\n<p>The measures set to be undertaken by this task force include \u201ca rigorous review of the company\u2019s content and marketing spending working with our content leaders and their teams,\u201d which seeks to \u201censure our investments are both efficient and come with tangible benefits to both audiences and the company,\u201d \u201climiting of headcount additions through a targeted hiring freeze,\u201d and \u201creviewing our SG&#038;A costs.\u201d<\/p>\n<div id=\"attachment_188270\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-188270\" class=\"size-full wp-image-188270\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2022.11.07-08.31-boundingintocomics-63696b1074178-scaled-1.jpg\" alt=\"\" width=\"2560\" height=\"1072\" srcset=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2022.11.07-08.31-boundingintocomics-63696b1074178-scaled-1.jpg 2560w, https:\/\/boundingintocomics.com\/wp-content\/uploads\/2022\/11\/2022.11.07-08.31-boundingintocomics-63696b1074178-300x126.jpg 300w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2022.11.07-08.31-boundingintocomics-63696b1074178-1340x561-1.jpg 1340w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2022.11.07-08.31-boundingintocomics-63696b1074178-768x322-1.jpg 768w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2022.11.07-08.31-boundingintocomics-63696b1074178-600x250-1.jpg 600w\" \/><\/p>\n<p id=\"caption-attachment-188270\" class=\"wp-caption-text\">(L-R): Hayden Christensen (Anakin Skywalker) and Obi-Wan Kenobi (Ewan McGregor) in a scene from Lucasfilm\u2019s OBI-WAN KENOBI, exclusively on Disney+. \u00a9 2022 Lucasfilm Ltd. &#038; \u2122. All Rights Reserved.<\/p>\n<\/div>\n<p>\u201cAs we work through this [Selling, general, and administrative expenses] evaluation process, we will look at every avenue of operations and labor to find savings, and we do anticipate some staff reductions as part of this review,\u201d the CEO added, before more definitively informing his team that \u201cIn the immediate term, business travel should now be limited to essential trips only.\u201d<\/p>\n<div id=\"attachment_155921\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-155921\" class=\"size-full wp-image-155921\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2022.04.01-08.21-boundingintocomics-62475ec635e98.jpg\" alt=\"\" width=\"1920\" height=\"800\" srcset=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2022.04.01-08.21-boundingintocomics-62475ec635e98.jpg 1920w, https:\/\/boundingintocomics.com\/wp-content\/uploads\/2022\/04\/2022.04.01-08.21-boundingintocomics-62475ec635e98-300x125.jpg 300w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2022.04.01-08.21-boundingintocomics-62475ec635e98-1340x558-1.jpg 1340w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2022.04.01-08.21-boundingintocomics-62475ec635e98-768x320-1.jpg 768w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2022.04.01-08.21-boundingintocomics-62475ec635e98-600x250-1.jpg 600w\" \/><\/p>\n<p id=\"caption-attachment-155921\" class=\"wp-caption-text\">Source: Spider-Man: No Way Home (2021), Marvel Entertainment<\/p>\n<\/div>\n<p>\u201cI am fully aware this will be a difficult process for many of you and your teams,\u201d acknowledged Chapek. \u201cWe are going to have to make tough and uncomfortable decisions. But that is just what leadership requires, and I thank you in advance for stepping up during this important time.\u201d<\/p>\n<p>\u201cOur company has weathered many challenges during our 100-year history, and I have no doubt we will achieve our goals and create a more nimble company better suited to the environment of tomorrow,\u201d he concluded.<\/p>\n<div id=\"attachment_171057\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-171057\" class=\"size-full wp-image-171057\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/2022.07.06-05.51-boundingintocomics-62c5cb9340ade-scaled-1.jpg\" alt=\"\" width=\"2560\" height=\"1752\" srcset=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/2022.07.06-05.51-boundingintocomics-62c5cb9340ade-scaled-1.jpg 2560w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/2022.07.06-05.51-boundingintocomics-62c5cb9340ade-300x205-1.jpg 300w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/2022.07.06-05.51-boundingintocomics-62c5cb9340ade-1340x917-1.jpg 1340w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/2022.07.06-05.51-boundingintocomics-62c5cb9340ade-768x526-1.jpg 768w\" \/><\/p>\n<p id=\"caption-attachment-171057\" class=\"wp-caption-text\">LOS ANGELES, CALIFORNIA \u2013 JUNE 23: (L-R) Natalie Portman and Bob Chapek, Chief Executive Officer of Disney attend the Thor: Love and Thunder World Premiere at the El Capitan Theatre in [Hollywood], California on June 23, 2022. (Photo by Charley Gallay\/Getty Images for Disney)<\/p>\n<\/div>\n<p>Many believe that this review could affect Disney\u2019s tendency to give massive production budgets to productions pertaining to such properties as\u00a0Star Wars and Marvel.<\/p>\n<p>This year, production spending for the Marvel Cinematic Universe hit an all-time high with both both <em>Thor: Love &#038; Thunder<\/em> as well as <em>Black Panther: Wakanda Forever<\/em> hitting $250 million in costs before marketing \u2013 the highest such budgets for a non-Avengers film in the entire franchise.<\/p>\n<div id=\"attachment_186968\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-186968\" class=\"size-full wp-image-186968\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2022.10.27-12.21-boundingintocomics-6359ceeecdda4.png\" alt=\"\" width=\"1920\" height=\"804\" srcset=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2022.10.27-12.21-boundingintocomics-6359ceeecdda4.png 1920w, https:\/\/boundingintocomics.com\/wp-content\/uploads\/2022\/10\/2022.10.27-12.21-boundingintocomics-6359ceeecdda4-300x126.png 300w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2022.10.27-12.21-boundingintocomics-6359ceeecdda4-1340x561-1.png 1340w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2022.10.27-12.21-boundingintocomics-6359ceeecdda4-768x322-1.png 768w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2022.10.27-12.21-boundingintocomics-6359ceeecdda4-600x250-1.png 600w\" \/><\/p>\n<p id=\"caption-attachment-186968\" class=\"wp-caption-text\">Source: Thor: Love and Thunder (2022), Marvel Entertainment<\/p>\n<\/div>\n<p><strong>RELATED: <a href=\"https:\/\/boundingintocomics.com\/2022\/10\/29\/bob-chapek-denies-disney-has-become-too-woke-the-company-survived-for-a-hundred-years-by-catering-to-its-audience-and-its-going-to-thrive-the-next-hundred-by-doing-the-same\/\">Bob Chapek Denies Disney Has Become \u2018Too Woke\u2019: \u201cThe Company Survived For A Hundred Years By Catering To Its Audience, And It\u2019s Going To Thrive The Next Hundred By Doing The Same\u201d<\/a><\/strong><\/p>\n<p>The massive costs of the film have driven Marvel Studios\u2019 average break-even mark for those films to be an estimated $700-800 million dollars.<\/p>\n<p>But while Disney had a much better year at the box office compared to 2021, none of their three Marvel Cinematic Universe releases for 2022 managed \u2013 the aforementioned two as well as <em>Doctor Strange in the Multiverse of Madness \u2013 <\/em>to hit a billion dollars worldwide.<\/p>\n<div id=\"attachment_180499\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-180499\" class=\"size-full wp-image-180499\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2022.09.13-04.12-boundingintocomics-6320033a4e1a6.png\" alt=\"\" width=\"1920\" height=\"804\" srcset=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2022.09.13-04.12-boundingintocomics-6320033a4e1a6.png 1920w, https:\/\/boundingintocomics.com\/wp-content\/uploads\/2022\/09\/2022.09.13-04.12-boundingintocomics-6320033a4e1a6-300x126.png 300w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2022.09.13-04.12-boundingintocomics-6320033a4e1a6-1340x561-1.png 1340w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2022.09.13-04.12-boundingintocomics-6320033a4e1a6-768x322-1.png 768w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2022.09.13-04.12-boundingintocomics-6320033a4e1a6-600x250-1.png 600w\" \/><\/p>\n<p id=\"caption-attachment-180499\" class=\"wp-caption-text\">Source: Dr. Strange in the Multiverse of Madness (2022), Marvel Entertainment<\/p>\n<\/div>\n<p>Further, the news of Disney\u2019s upcoming cost-cutting measures comes immediately after the company posted a poor quarterly earnings result for Q4 2022.<\/p>\n<p>Notably, the Mouse reported that the quarter starting in July and ending on Oct. 1st had seen the company lose $1.47 billion on their streaming endeavors \u2013 roughly $800 million more than they had lost in the same period last year.<\/p>\n<div id=\"attachment_183748\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-183748\" class=\"size-full wp-image-183748\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2022.10.04-08.59-boundingintocomics-633c9ecf8a8de-scaled-1.jpg\" alt=\"\" width=\"2560\" height=\"1710\" srcset=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2022.10.04-08.59-boundingintocomics-633c9ecf8a8de-scaled-1.jpg 2560w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2022.10.04-08.59-boundingintocomics-633c9ecf8a8de-300x200-1.jpg 300w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2022.10.04-08.59-boundingintocomics-633c9ecf8a8de-1340x895-1.jpg 1340w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2022.10.04-08.59-boundingintocomics-633c9ecf8a8de-768x513-1.jpg 768w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2022.10.04-08.59-boundingintocomics-633c9ecf8a8de-360x240-1.jpg 360w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2022.10.04-08.59-boundingintocomics-633c9ecf8a8de-600x400-1.jpg 600w\" \/><\/p>\n<p id=\"caption-attachment-183748\" class=\"wp-caption-text\">Angela Bassett as Ramonda in Marvel Studios\u2019 BLACK PANTHER: WAKANDA FOREVER. Photo by Annette Brown. \u00a9 2022 MARVEL.<\/p>\n<\/div>\n<p>Further, Disney\u2019s premium and broadcast television networks saw a 5% loss for the quarter.<\/p>\n<p>As a result of these abysmal earnings, Disney\u2019s stock price has tumbled 38% from its January high of $158 to a measly $94 \u2013 its lowest price in more than two years.<\/p>\n<div id=\"attachment_165678\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-165678\" class=\"size-full wp-image-165678\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2022.05.29-08.36-boundingintocomics-6293d963081f8.png\" alt=\"\" width=\"1920\" height=\"804\" srcset=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2022.05.29-08.36-boundingintocomics-6293d963081f8.png 1920w, https:\/\/boundingintocomics.com\/wp-content\/uploads\/2022\/05\/2022.05.29-08.36-boundingintocomics-6293d963081f8-300x126.png 300w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2022.05.29-08.36-boundingintocomics-6293d963081f8-1340x561-1.png 1340w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2022.05.29-08.36-boundingintocomics-6293d963081f8-768x322-1.png 768w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2022.05.29-08.36-boundingintocomics-6293d963081f8-600x250-1.png 600w\" \/><\/p>\n<p id=\"caption-attachment-165678\" class=\"wp-caption-text\">Source: Avengers: Infinity War (2018), Marvel Entertainment<\/p>\n<\/div>\n<p>This slow but steady stock crash has coincided with Disney\u2019s quadrupling down on woke content, particularly in regards to their \u201c<a href=\"https:\/\/boundingintocomics.com\/2022\/03\/30\/disney-executives-admit-they-are-pushing-not-at-all-secret-gay-agenda-actively-removing-gendered-greetings-and-a-whole-lot-more\/\">not-at-all-secret agenda<\/a>\u201d of putting gay and queer content in programs targeted at children.<\/p>\n<p>In the wake of Florida\u2019s Parental Rights in Education bill that bans the teaching of sexual orientation and gender identity to K-3 students, Disney\u2019s internal LGBTQ lobby has made \u201crepresentation\u201d a priority for all future projects by The Walt Disney Corporation.<\/p>\n<div id=\"attachment_187327\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-187327\" class=\"size-full wp-image-187327\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/2022.10.29-05.41-boundingintocomics-635cbcef1f32b.jpg\" alt=\"\" width=\"1920\" height=\"1080\" srcset=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/2022.10.29-05.41-boundingintocomics-635cbcef1f32b.jpg 1920w, https:\/\/boundingintocomics.com\/wp-content\/uploads\/2022\/10\/2022.10.29-05.41-boundingintocomics-635cbcef1f32b-300x169.jpg 300w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/2022.10.29-05.41-boundingintocomics-635cbcef1f32b-1340x754-1.jpg 1340w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/2022.10.29-05.41-boundingintocomics-635cbcef1f32b-768x432-1.jpg 768w\" \/><\/p>\n<p id=\"caption-attachment-187327\" class=\"wp-caption-text\">Source: Baymax! (2022), Walt Disney Animation Studios<\/p>\n<\/div>\n<p>Disney made LGBTQ representation a primary focus in the marketing of both <em>Thor: Love and Thunder<\/em> and <em>Lightyear.<\/em><\/p>\n<p>And while the former film\u2019s gay content ultimately amounted to a \u2018blink-and-you\u2019ll-miss-it\u2019 confirmation that Korg was married to a man due to his species being all-male, the latter\u2019s was put front and center at every conversation concerning the <em>Toy Story <\/em>spin-off.<\/p>\n<div id=\"attachment_175575\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-175575\" class=\"size-full wp-image-175575\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2022.08.07-10.10-boundingintocomics-62f0384d9ed0c.png\" alt=\"Lightyear\" width=\"1015\" height=\"547\" srcset=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2022.08.07-10.10-boundingintocomics-62f0384d9ed0c.png 1015w, https:\/\/boundingintocomics.com\/wp-content\/uploads\/2022\/08\/2022.08.07-10.10-boundingintocomics-62f0384d9ed0c-300x162.png 300w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2022.08.07-10.10-boundingintocomics-62f0384d9ed0c-768x414-1.png 768w\" \/><\/p>\n<p id=\"caption-attachment-175575\" class=\"wp-caption-text\">Source: Lightyear (2022), Disney<\/p>\n<\/div>\n<p>\u201cLightyear\u2019s queer staff, including animators and editors, shepherd the character to get it right,\u201d said director Angus MacLane during an interview with <a href=\"https:\/\/www.latimes.com\/entertainment-arts\/movies\/story\/2022-06-20\/lightyear-alisha-hawthorne-pixar-lgbtq-representation-kiss\">The LA Times<\/a> earlier this year. \u201cThere\u2019s a lot of really fantastic representation that means a lot more than I can understand. For them to be so excited about that and have it be so personal, it means a lot to me.\u201d<\/p>\n<p>However, for a multitude of reasons including the company\u2019s virtue signaling around the children\u2019s film\u2019s inclusion of LGBT content, the film bombed at the worldwide box office, with its production ultimately losing Disney upwards of $100 million.<\/p>\n<div id=\"attachment_175574\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-175574\" class=\"size-full wp-image-175574\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2022.08.07-10.02-boundingintocomics-62f0367107c8c.jpg\" alt=\"\" width=\"1098\" height=\"546\" srcset=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2022.08.07-10.02-boundingintocomics-62f0367107c8c.jpg 1098w, https:\/\/boundingintocomics.com\/wp-content\/uploads\/2022\/08\/2022.08.07-10.02-boundingintocomics-62f0367107c8c-300x149.jpg 300w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2022.08.07-10.02-boundingintocomics-62f0367107c8c-768x382-1.jpg 768w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2022.08.07-10.02-boundingintocomics-62f0367107c8c-480x240-1.jpg 480w\" \/><\/p>\n<p id=\"caption-attachment-175574\" class=\"wp-caption-text\">Source: Lightyear (2022), Disney<\/p>\n<\/div>\n<p><strong>RELATED: <a href=\"https:\/\/boundingintocomics.com\/2022\/06\/29\/disney-board-of-directors-unanimously-agree-to-three-year-extension-for-ceo-bob-chapek-despite-public-controversies\/\">Disney Board Of Directors Unanimously Agree To Three Year Extension For CEO Bob Chapek Despite Public Controversies<\/a><\/strong><\/p>\n<p>When grilled about the aggressively progressive direction of his company during a recent appearance on The Wall Street Journals\u2019 \u201cmoney, business, and power\u201d-centric podcast, <a href=\"https:\/\/www.wsj.com\/podcasts\/the-journal\/disney-ceo-bob-chapek-on-whether-the-company-is-too-woke\/19395755-dd99-4b55-ac9d-3d91d1455101\"><em>The Journal,<\/em><\/a> Chapek denied that the company had become \u201ctoo woke\u201d, instead affirming that Disney \u201cwants our content to reflect the rich, diverse world that we live in.\u201d<\/p>\n<div id=\"attachment_160887\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-160887\" class=\"size-full wp-image-160887\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2022.05.04-01.54-boundingintocomics-6272857cb86e6-scaled-1.jpg\" alt=\"\" width=\"1707\" height=\"2560\" srcset=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2022.05.04-01.54-boundingintocomics-6272857cb86e6-scaled-1.jpg 1707w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2022.05.04-01.54-boundingintocomics-6272857cb86e6-200x300-1.jpg 200w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2022.05.04-01.54-boundingintocomics-6272857cb86e6-768x1152-1.jpg 768w\" \/><\/p>\n<p id=\"caption-attachment-160887\" class=\"wp-caption-text\">Producer Kevin Feige and Bob Chapek attend the Doctor Strange in the Multiverse of Madness World Premiere at the Dolby Theatre in Hollywood, CA on Monday, May 2, 2022.<br \/>(photo: Alex J. Berliner\/ABImages)<\/p>\n<\/div>\n<p>\u201cI guess that\u2019s another way of saying, \u2018Catering to your audience,\u2019\u201d he continued. \u201cBut the world is a rich, diverse place and we want our content to reflect that. And we\u2019re so blessed to have the greatest content creators and they see it similarly.\u201d<\/p>\n<p>While Chapek has claimed his company doesn\u2019t have an ideological bent, Brian Schwartz of CNBC <a href=\"https:\/\/www.cnbc.com\/2022\/11\/02\/disney-ceo-bob-chapek-prepares-for-gop-to-become-majority-in-congress.html\">recently reported<\/a> that according to data from the nonpartisan political money watchdog organization<\/p>\n<div id=\"attachment_126365\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-126365\" class=\"size-full wp-image-126365\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2021.07.19-04.40-boundingintocomics-60f5ab08cf84c-scaled-1.jpg\" alt=\"\" width=\"2560\" height=\"1985\" srcset=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2021.07.19-04.40-boundingintocomics-60f5ab08cf84c-scaled-1.jpg 2560w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2021.07.19-04.40-boundingintocomics-60f5ab08cf84c-300x233-1.jpg 300w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2021.07.19-04.40-boundingintocomics-60f5ab08cf84c-1340x1039-1.jpg 1340w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2021.07.19-04.40-boundingintocomics-60f5ab08cf84c-768x595-1.jpg 768w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2021.07.19-04.40-boundingintocomics-60f5ab08cf84c-1536x1191-1.jpg 1536w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2021.07.19-04.40-boundingintocomics-60f5ab08cf84c-2048x1588-1.jpg 2048w\" \/><\/p>\n<p id=\"caption-attachment-126365\" class=\"wp-caption-text\">LOS ANGELES, CALIFORNIA \u2013 JUNE 29: (L-R) Chairman of Disney Studios Content Alan Bergman, President of Marketing at Disney Studios Content Asad Ayaz, Producer, President of Marvel Studios and Chief Creative Officer of Marvel Kevin Feige, and CEO of The Walt Disney Company Bob Chapek attend the Black Widow World Premiere Fan Event at Dolby Theatre on June 29, 2021 in Los Angeles, California. (Photo by Alberto E. Rodriguez\/Getty Images for Disney)<\/p>\n<\/div>\n<p>OpenSecrets, of the combined $900,000 donated to federal candidates in the 2022 midterms partly by Disney\u2019s personal PAC and nistky its individual employees, 87% of these donations went to Democrat candidates.<\/p>\n<div id=\"attachment_185626\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-185626\" class=\"size-full wp-image-185626\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2022.10.18-01.18-boundingintocomics-634dfedbacc5b.png\" alt=\"\" width=\"1920\" height=\"1080\" srcset=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2022.10.18-01.18-boundingintocomics-634dfedbacc5b.png 1920w, https:\/\/boundingintocomics.com\/wp-content\/uploads\/2022\/10\/2022.10.18-01.18-boundingintocomics-634dfedbacc5b-300x169.png 300w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2022.10.18-01.18-boundingintocomics-634dfedbacc5b-1340x754-1.png 1340w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2022.10.18-01.18-boundingintocomics-634dfedbacc5b-768x432-1.png 768w\" \/><\/p>\n<p id=\"caption-attachment-185626\" class=\"wp-caption-text\">Source: She-Hulk: Attorney at Law Season 1 Episode 9 \u201cWhose Show Is This?\u201d (2022), Marvel Entertainment<\/p>\n<\/div>\n<p><strong>NEXT: <a href=\"https:\/\/boundingintocomics.com\/2022\/03\/07\/disney-ceo-bob-chapek-claims-company-is-a-force-for-inclusion-but-doesnt-want-it-become-a-political-football\/\">Disney CEO Bob Chapek Claims Company Is \u201cA Force For Inclusion\u201d But Doesn\u2019t Want It Become A \u201cPolitical Football\u201d<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>After months of denying the realities of living in a recession, entertainment giant The Walt Disney Company is expected to make massive layoffs due to their poor financial outlook.<\/p>\n","protected":false},"author":1,"featured_media":1740166,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[547],"tags":[],"class_list":["post-1740162","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-bongino-report"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1740162","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1740162"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1740162\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1740166"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1740162"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1740162"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1740162"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}