Disney announces 28,000 layoffs amid continued closure of Disneyland
As Disneyland remains closed during the coronavirus pandemic, Disney announced Tuesday it will lay off about 28,000 employees in its Parks, Experiences and Products division.
Disney lays off 28,000 employees -
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Intermittent Denial of Service attack is causing downtime. Looks like a kiddie 5 min rental. Waiting on a response from upstream.
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Suuuuuure it's about Disneyland being closed.
It has absolutely NOTHING to do with Mulan being a fucking BOMB in sales.
It has absolutely NOTHING to do with Mulan being a fucking BOMB in sales.
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- #5
You don't seem to quite understand where most of Disney's money comes from. Just one of those parks is several Billion dollars in revenue every year.
Movies can make a good chunk of change, but that is an influx of cash that lasts several months at best. Don't get me wrong Disney's colossal failures in the box office with most of there movies over the last few months has not helped, but its far from their most raw spot financially right now.
Owning ESPN probably isn't as good as it used to be either.
Nothing's working right for them at the moment, just about every revenue stream has been shut down by Corona (Parks, Cruises, Films) and what's been snuck through has massively underperformed (Streaming), they've bled money for 3 straight quarters at this point and there's a real danger that if their loans get called in, they're going to have to start selling assets to service the debt.
EPSN and their comic properties will probably be first for the chop, offloaded for peanuts or just shuttered outright.
MarvinTheParanoidAndroid
This will all end in tears, I just know it.
True & Honest Fan
kiwifarms.net
Not a surprise, our boy Doomcock predicted this.
All hail the Doomcock.
Fair point. Honestly, I didn't think Disneyland was THAT profitable since I've only ever heard people complain. That and I thought they had declining attendance the last decade + the Star Wars expansion was underperforming too.
Declining attendance was offset by skyrocketing ticket prices that disneytards bought en masse. The star wars expansion was a fucking massive money pit that barely attracted anyone to the parks, but it didn't actively push park goers away either. It didn't affect their revenue streams that much if we don't take into account putting actual shit in that area that people would have liked, which could have upped attendance and therefore revenue. star wars was overall a massive loss based on investment, but one Disney could write off because it didn't adversely affect the revenue stream of the rest of the park the way Covid has.
Not surprised. They are desperate to reopen Disneyland, but the state of California doesn't want it open. Unless Newsom suddenly change his mind about Covid lockdowns those parks aren't opening anytime soon, or at least not before the election from what people are predicting.
Disney had the perfect chance to make gobs of money, open the vault, put everything they own the rights to on D+, drop all new content not contractually obligated into D+, and cancel any contract they could due to the emergency and force majeure.
MarvinTheParanoidAndroid
This will all end in tears, I just know it.
True & Honest Fan
kiwifarms.net
They didn't have Song of the South, I rate Disney+ 0/10, never again.
MarvinTheParanoidAndroid
This will all end in tears, I just know it.
True & Honest Fan
kiwifarms.net
Clearly all the lower ranked faggots were the real problem, dear leader can do no wrong.
Then it's off to Anaheim to find me a recently unemployed Princess.
How much fresh water do you think is being saved or whatever from amusement parks not being open? I figure it's got to be like hundreds of gallons or some outlandish shit.
Not everybody has played Tropico before.
Not everybody has played Tropico before.
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