Disney Plus Fails to Meet Wallstreet Expectations

Disney Plus Fails to Meet Wallstreet Expectations

Terrible earnings call for Bob Chapek today.

The growth of Disney Plus is tortoise-like and it’s all in the wrong markets. Disney Plus needs to get subs in the West where they can charge decent prices that will actually turn the company a profit. Instead, the only place anyone is signing up is in India, where the business model is dependent on low prices with mass subscriptions.

I asked a friend who still has a free year left how often Disney Plus gets used. Answer: about once a month and mostly for Phineas and Ferb, Milo Murphy, or Gravity Falls.

All of which have long since been canceled.

Revenue from Mickey the Great and Terrible’s flagship product has gone down when everyone… Simply everyone (except me) thought it was going to go up. I didn’t think it would go up because there is simply no reason to subscribe to Disney Plus. You were supposed to subscribe for three reasons:

One, Classic Disney, which they delivered on but there isn’t enough of it to justify a monthly streaming bill.

Two, Star Wars. Which is a broken franchise.

Three, Marvel. Also, a broken franchise but most of its fanboys haven’t cottoned on to that yet. They will.

And even if these weren’t broken franchises they generate nowhere near enough new content to support a premium streaming service.

In other bad Disney news.

The Parks were up 99% over last year. They had the nerve to brag about that.

The overpaid CFO pointed out that they would be reducing the size of meal portions at the parks (without reducing prices, naturally). Then made a fat joke that got Disney dragged on social media. This is the woman to whom Chapek gave an $11million bonus while laying off 10,000s of thousands of employees.

Disney stock closed at $162 per share, which is their lowest point YTD.

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Comments (7)

  • Brick Hardslab Reply

    At some point you kinda have to think they are trying to screw it up.

    November 12, 2021 at 3:20 am
  • Chris Lopes Reply

    D+ used to call classic Disney “Disney Through the Decades” with all the nostalgia in one easy to browse section. Now they’ve scattered all of that so you have to actually look for it through out the app. Unless you actually know what you are looking for, you aren’t likely come across it. So if you are looking for a nostalgia fix, D+ might not work for you.

    November 12, 2021 at 3:44 am
    • Chief_Tuscaloosa Reply

      @Chris Lopes, believe it or not, there’s a school of thought in the “I’m a dumbass but have an MBA” set that considers that inability to find what you’re looking for a PLUS. It has a number of names but “engagement” is one of them. The more time you spend looking for that one movie you originally sought, the more likely you might find something else on D+ that you like, and stay on D+ longer/more often and consider it a valuable river of entertainment. This is their dumbass theory. I read that’s how they justified World of Warcraft changes to force players to take longer to gain levels. So the players who have an addiction and will never quit anyway can’t play the way they want, and the players that hated the changes left. Which is why Activision/Blizzard stopped reporting subscriber numbers. Which are abysmal compared to previous heights. Expect D+ to do the same–start reporting how OFTEN the addicts are watching versus how many subscribers have left.
      As a Christian, seeing D+ making it harder for subscribers to find something delights me to no end. And I have family members who subscribe and won’t shut up about how the Mandalorian is the greatest thing since Empire. I look forward to them typing “m…a…n…d…a…” and D+ asking “Did you mean Mandatory Wokeness: A Reboot of Phineas and Ferb? Let me assume that’s what you meant and start playing it before you type any further”

      November 12, 2021 at 4:34 pm
      • Chris Lopes Reply

        I can see them being that stupid. The thing is, if I have to go looking for it, I will probably be spending my valuable time doing something else. I’m too old to go on a lengthy quest just to relive my childhood.

        November 12, 2021 at 5:26 pm
      • Talos Valcoran Reply

        “considers that inability to find what you’re looking for a PLUS.”

        I’m just going to assume Bolsheviks infiltrated MBA programs with the intent to destroy them from within, because I don’t want to believe anyone is that stupid.

        November 16, 2021 at 10:47 am
  • furor kek tonicus ( guns don't kill people, Alec Baldwins kill people ) Reply

    and here’s the downside to Chapek double secret “firing” Kathy without actually officially removing her from her authority position …
    if Chapek takes many more of these hits, stockholders are going to start squealing about how they’re not making “returns on their investment”. it won’t matter how assiduously VogonEyes scapegoats somebody else, nor how much merit his scapegoating actually has ( Kathy and Kevin butchering their respective franchises, etc ). eventually, the CEO is going to lose his head.
    what happens if Kathy manages to coast on through 6-9 months of stormy seas and bad news until they put BudgetBob up against a wall? because Bob hasn’t managed to procure a new admin for LucasFilm due to all the turmoil.
    the new new guy is not going to be Woke? Kathy is not going to be able to claim that it was all Cheapek’s fault?
    in my opinion, they’re all pieces of crap and i’m going to eat popcorn while watching them burn. it would warm the cold hardened cockles of my heart to see Kathy’s head on a stake, and we could get that with VogonEyes still losing his job subsequently.
    but if Kathy stays through a regime change? and actually regains a measure of power?
    the damage she would do to the LucasFilm IP would be hilarious. you think she’s vindictive now? hoooooo boy, you wait until she comes back from something like that.

    November 12, 2021 at 6:14 am
  • Herman Sheeple Reply

    Wonderful !!! Deserved !!!
    Disney earned it.
    May this disgusting company die a slow painful death.

    November 13, 2021 at 6:02 pm

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