{"id":2012319,"date":"2023-08-25T16:58:02","date_gmt":"2023-08-25T20:58:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/walt-disney-company-share-value-drops-to-a-9-year-low\/"},"modified":"2023-08-25T17:01:37","modified_gmt":"2023-08-25T21:01:37","slug":"walt-disney-company-share-value-drops-to-a-9-year-low","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/walt-disney-company-share-value-drops-to-a-9-year-low\/","title":{"rendered":"Disney&#8217;s share value hits 9-year low."},"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\">12<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fwalt-disney-company-share-value-drops-to-a-9-year-low%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2012319&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div data-post-content=\"true\" class=\"post_content\" id=\"post_content\">\n<p>Shares of the Walt Disney Company have taken a nosedive, reaching\u2064 their lowest level in nearly nine years. This comes after\u200b a string of failed films\u200d and political controversies.<\/p>\n<p>Commentators are pointing to the entertainment giant&#8217;s embrace and subsequent\u200d doubling down on a &#8220;woke&#8221; agenda as the cause of these recent losses.<\/p>\n<p>One of the major issues stems from accusations that Disney \u2062has been trying to indoctrinate children \u200cwith leftist ideology, leading to the alienation \u2064of parents.<\/p>\n<div class=\"shortcode\">\n<div class=\"border-comp-divider mb-4 mr-4 w-full max-w-[500px] border px-5 py-4 text-[16px] leading-[20px] text-[#262626] md:float-left\">\n<div class=\"mb-3 font-sans text-[16px] font-semibold uppercase leading-[19px] text-[#2F2F2F]\">Related Stories<\/div>\n<div class=\"mb-4 flex gap-2\">\n<div class=\"grow\">\n<div class=\"mb-1 line-clamp-2\">\n            <a href=\"http:\/\/www.theepochtimes.com\/article\/disney-closes-at-lowest-in-nearly-9-years-as-investors-turn-bearish-5480609\">Disney Closes at \u200cLowest \u2064in Nearly 9 Years\u200b as Investors \u2062Turn Bearish<\/a>\n          <\/div>\n<div class=\"text-comp-caption text-[14px] leading-[18px]\">8\/25\/2023<\/div>\n<\/p><\/div>\n<div class=\"shrink-0 basis-[120px]\">\n          <a href=\"http:\/\/www.theepochtimes.com\/article\/disney-closes-at-lowest-in-nearly-9-years-as-investors-turn-bearish-5480609\"><\/a>\n        <\/div>\n<\/p><\/div>\n<div class=\"mb-4 flex gap-2\">\n<div class=\"grow\">\n<div class=\"mb-1 line-clamp-2\">\n            <a href=\"http:\/\/www.theepochtimes.com\/us\/original-snow-white-directors-son-slams-disneys-2024-remake-insulting-disgrace-5475663\">Original Snow White Director&#8217;s \u2063Son Slams Disney&#8217;s\u2062 2024 Remake, &#8216;Insulting,&#8217; &#8216;Disgrace&#8217;<\/a>\n          <\/div>\n<div class=\"text-comp-caption text-[14px] leading-[18px]\">8\/19\/2023<\/div>\n<\/p><\/div>\n<div class=\"shrink-0 basis-[120px]\">\n          <a href=\"http:\/\/www.theepochtimes.com\/us\/original-snow-white-directors-son-slams-disneys-2024-remake-insulting-disgrace-5475663\"><\/a>\n        <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>The company found \u2062itself in a public battle with Florida Governor\u200b Ron \u200dDeSantis over his state&#8217;s efforts to\u200b prevent the teaching of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/house-republicans-propose-bill-prohibiting-federal-funding-of-programs-infused-with-radical-gender-ideology\/\" title=\"House Republicans Propose Bill Prohibiting Federal Funding of Programs Infused With Radical Gender Ideology\">sexually inappropriate materials<\/a> to\u2062 young children in schools.<\/p>\n<p>Another PR disaster\u2063 struck when \u200cleaked footage of an internal meeting revealed \u2064Disney executives openly discussing how to incorporate left-wing propaganda into their films.<\/p>\n<p>Further backlash\u200b ensued\u200b when Disney hired Seann Altman, a\u200b biological male who identifies as &#8220;gender fluid,&#8221; to promote girls&#8217; clothing on social media. A\u200c TikTok video of Altman dressed as Minnie Mouse sparked controversy.<\/p>\n<h2>Disney Stock Plunges to a New Low<\/h2>\n<p>On August 24, Disney&#8217;s stock value plummeted 3.9 percent to $82.47, \u2062its lowest since October 16, 2014. This marks a 59 percent drop from\u2063 its all-time high in March 2021.<\/p>\n<p>Options trading for Disney was \u2063unusually active, with <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/gamestop-shares-jump-9-investment-firm-closes-main-fund-after-heavy-losses\/\" title=\"GameStop Shares Jump 9%, Investment Firm Closes Main Fund After Heavy Losses\">investors betting<\/a> on put options\u2063 to protect\u2062 against further decline in stock value.<\/p>\n<p>The overall weakness in the markets, coupled with caution ahead of Federal\u200b Reserve Chairman Jerome Powell&#8217;s comments \u2064on \u2062interest rates, \u200cfurther weakened Disney&#8217;s value.<\/p>\n<p>According to Reuters, several investors are predicting\u200b a continued price\u200b drop in the coming months.<\/p>\n<p>The Epoch Times\u2063 reached out to\u2064 Disney for comment.<\/p>\n<h2>CEO Promises Changes to Revive Company Fortunes<\/h2>\n<p>During the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/walt-disney-company-share-value-drops-to-a-9-year-low\/\" title=\"Disney's share value hits 9-year low.\">latest earnings report meeting<\/a>, Disney CEO Bob \u2064Iger\u200b assured investors that the \u2063company would take steps to improve its financial situation. These steps include price hikes across streaming services, increased ad volume, and staff cutbacks.<\/p>\n<p>Mr. Iger acknowledged the challenging environment in the near term and emphasized\u200d the need to enhance the quality of Disney&#8217;s\u2062 films and\u2063 focus on streaming ESPN directly to consumers.<\/p>\n<p>He also highlighted the importance of resolving the ongoing\u200d strikes \u200bin Hollywood, which have halted production in the film and television industry.<\/p>\n<p>Disney\u2062 reported a loss\u200d of $512\u200c million in the third quarter, attributing it to declining linear \u200cTV business, underperforming streaming services, <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/nolte-after-two-weeks-woketard-355-fails-to-top-9m-at-box-office\/\" title=\"Nolte: After Two Weeks, Woketard '355' Fails to Top M at Box Office\">box office failures<\/a>, and decreased park attendance.<\/p>\n<p>MarketWatch quoted\u200d Brandon Nispel, a KeyBanc Capital\u2062 Markets\u2064 analyst, stating that Disney is facing problems across all of its businesses.<\/p>\n<p>The company has experienced a decline in TV subscribers, impacting advertising and revenue. Disney+ \u200dsaw a surge in cancellations, falling short of analyst estimates. Additionally, the loss of Indian Premiere League cricket matches \u2063led to a\u200d significant drop in subscribers to the Disney Hotstar\u2063 service in India.<\/p>\n<p>Disney incurred restructuring losses and severance payments \u200cto laid-off workers, further contributing to its\u2063 financial \u2063challenges.<\/p>\n<h2>Studi<\/h2>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Walt Disney Co. plunged to a nearly nine-year low due to a string of unsuccessful movies and political disputes. Critics believe the company&#8217;s losses are a result of embracing and intensifying its support for a &#8220;woke&#8221; agenda, which has led to alienating parents and causing numerous issues.<\/p>\n","protected":false},"author":327,"featured_media":2012320,"comment_status":"open","ping_status":"closed","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":[543],"tags":[],"class_list":["post-2012319","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-epoch-times"],"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\/2012319","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\/327"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2012319"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2012319\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2012320"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2012319"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2012319"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2012319"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}