Tuesday, July 18, 2023

THE END OF DISNEY IS AT HAND - Nolte: Desperate Disney Prepares to Sell Off Third of Company

 

Nolte: ‘Indiana Jones 5’ a ‘Disaster of Epic Proportions’ for Disney

The Walt Disney Company Former CEO and Chairman Robert Iger speaks onstage during Vox Media's 2022 Code Conference - Day 2 on September 07, 2022 in Beverly Hills, California. (Jerod Harris/Getty Images for Vox Media)
Jerod Harris/Getty Images for Vox Media

Indiana Jones and the Dial of Destiny is “shaping up to be a disaster of epic proportions for parent company Disney and its veteran CEO, Bob Iger,” Fortune reported.

Dial of Destiny “could potentially rival John Carter as the Mouse House’s worst-ever live-action commercial bomb,” continues the report, “and call into question the future of [Lucasfilm] boss Kathleen Kennedy, a former Fortune Most Powerful Woman.”

John Carter is still seen as one of the most notorious box office failures of all time. Produced in 2012 for $260 to 300 million, it grossed $285 million worldwide. Once you add marketing costs, this $350 million disaster lost Disney somewhere in the range of $200 million. That same year, studio chief Rich Ross resigned.

Luckily for Lucasfilm chief Kathleen Kennedy, she has a vagina. Without it, she would have been fired years ago after killing Star Wars as a film franchise.

Disney was a different company in 2012, a sane company where performance mattered more than identity politics and the desire to sexualize absolutely everything, especially children’s content. Disney is now a full-blown, left-wing propaganda outlet, an institution that would never admit Kennedy killed Star Wars and Indiana Jones because to do so would be to admit her obsession with identity politics and sexual fetishes was to blame. That kind of admission can never be allowed.

Producer Kathleen Kennedy, C-3PO and Mark Hamill (Christopher Jue/Getty Images for Disney)

As of Tuesday, after 20 days in theaters, Dial of Destiny has only grossed $307 million worldwide. At this point, it will be lucky to reach $350 million. Do the math: cost $425 million minus $175 million in net box office receipts (theaters take about half), and you’re looking at a $250 million loss. That is a quarter of a billion dollar loss — not on a risky and obscure John Mars, a property no one under the age of 100 was familiar with. No, that is a quarter of a billion dollar loss on an Indiana Jones movie, one of the most beloved and iconic franchises in Hollywood history.

In 1981, more than 40 years ago and without adjusting for inflation, Raiders of the Lost Ark grossed $380 million worldwide. Adjusted for inflation, that’s $1.275 billion with a “B” in today’s dollars.

In 1984, Indiana Jones and the Temple of Doom grossed $333 million worldwide. Adjusted for inflation, that’s $977 million.

In 1989, Indiana Jones and the Last Crusade grossed $474 million worldwide. Adjusted for inflation, that’s $1.166 billion with a “B.”

In 2008, the dreadful Indiana Jones and the Kingdom of the Crystal Skull grossed $790 million worldwide. Adjusted for inflation, that’s $1.12 billion with a “B.”

When you factor in inflation, you are talking about Dial of Destiny flopping in ways that seemed inconceivable a couple of months ago: a $250 million loss and an anemic box office haul $700 to $900 million lower than its predecessors. But that’s what happens when you use a sexless, unappealing woman to emasculate a beloved screen hero.

John Carter was a legitimate risk.

But until Kathleen Kennedy got her grubby, talentless, sex-obsessed, leftist hands on it, Indiana Jones was one of the surest things in the world. But, then again, so was Star Wars, and look at what Kennedy did to that.

Can the fact she’s a chick still save Kathleen Kennedy’s job after this fiasco? I don’t know. Transitioning into a black man might be her only hope.

Disney is evil, and good people revel in its every failure.

Follow John Nolte on Twitter @NolteNCFollow his Facebook Page here.

Nolte: Never Forget Disney Refused to Release ‘Sound of Freedom’

Sound of Freedom
Angel Studios

Never forget that Disney dumped Sound of Freedom, a box office sensation currently making tens of millions of dollars in profit for Angel Studios.

Yes, the Walt Disney Co. owned Sound of Freedom. It was its movie, and Disney not only dumped it, but for nearly five years, Disney sat on Sound of Freedom, refusing to release it into theaters, stream it on its various streaming services, or sell it back to the producers.

Sound of Freedom was completed in 2018 and then acquired by 20th Century Fox (or 21st Century Fox) for theatrical distribution. In 2019, Disney acquired 20th Century Fox and all of its entertainment assets, including Sound of Freedom. And then…

Disney did nothing with this asset.

Nothing.

An acquired asset that could only bring financial upside to Disney was wasted until Angel Studios finally acquired it after years of wrangling.

The rest is fascinating and illuminating history.

Produced for less than $15 million and promoted with a grassroots/crowd-funded publicity campaign, Sound of Freedom will cross the $100 million mark this week. Going by the usual-usual formula, after around $30 to $35 million gross, the box office take is pure gravy. All the bills are paid, and after theaters take their 50 percent, the investors get the rest. Before this is over, these smart folks are looking at $50 million plus in profit. And…

Disney gave all that money away.

This is the same Disney that reportedly lost nearly $900 million on its last eight feature films. Add in Indiana Jones and the Dial of Kathleen Kennedy Emasculating Yet Another Childhood Hero, and Disney has likely lost a billion plus on its last nine feature films. Gee, I wonder what those losses will look like after Disney releases the Haunted Mansion remake no one asked for at the end of this month and The Marvels in November—which looks like another woke sack of identity politics and man-hating.

What is Disney’s defense for trying to kill Sound of Freedom? What excuse can the disgraced company give its battered and bruised stockholders?

Disney cannot argue the PG-13 Sound of Freedom is not a Disney movie. The 20th Century-Fox banner is still alive and well. Fox Searchlight would have been the perfect banner to release it under. Disney could’ve easily released it for streaming on Hulu.

So what’s Disney’s argument?

There is no argument, at least no valid argument, the flailing company is willing to make publicly.

But anyone familiar with the moral collapse and fascist rise of Disney under CEO Bob Iger can guess what happened here.

First, Disney wanted nothing to do with a movie that appealed to Christians and had a Christian theme. Before he destroyed the company, Iger looked seriously at running for president as a Democrat. You can’t win the Democrat nomination if you’re guilty of releasing Christiantard movies starring the guy who played Jesus. Good heavens, what if the movie’s a hit? What if it’s another Passion of the Christ, one of those titles that again make fools of all the leftists arguing traditional movies don’t make money as they produce flop after flop after flop?

Secondly, Disney’s fascist streak is well-documented. For partisan political reasons, Disney disappeared The Path to 9/11. For partisan political reasons (opposition to racial healing), Disney disappeared Song of the South. To teach her and other actors a political lesson in obedience, Disney blacklisted Gina Carano. Disney is almost certainly responsible for an astonishing act of artistic vandalism against the Best Picture Winner, The French Connection (1971).

Finally, does anyone doubt that Disney, a company 100 percent dedicated to sexually grooming underage children, would find a movie that condemns the sex trafficking of children objectionable?

You can stick your head in the sand all day long. That doesn’t change the fact that multinational tech, entertainment, and news corporations, along with the far-left gay rights movement, are desperate to normalize sex with children, up to and including their permanent mutilation by way of the Orwellian-named “gender-affirming care.” Grooming normalizes the profane. “Gender-affirming care” turns a sweet and troubled child into a sexually-confused neurotic who’s easy to exploit.

Disney is the tip-of-the-spear in this obscene campaign aimed at kids. So why would it release a movie that makes a moving and moral case for protecting children when it has dedicated billions to exploiting children?

Yes, Disney has lost a billion dollars on movies that stink, but you have to look at why they stink. They stink because the company has chosen to normalize that which violates human nature and appalls decent parents. So…

If Disney is willing to lose a billion dollars on its amoral, grooming, cinematic propaganda campaign, you can bet it’s willing to lose tens of millions by dumping a movie that contradicts that propaganda campaign.

Disney is evil, and evil is willing to profit from anything … except that which is good.

Sound of Freedom is a crucifix to Disney’s child-stalking vampires.

P.S. After announcing the extension of Bob Iger’s contract to 2026, Disney stock took another sweet-sweet dive 

Follow John Nolte on Twitter @NolteNCFollow his Facebook Page here.

Nolte: Desperate Disney Prepares to Sell Off Third of Company

Disney CEO Robert Iger attends the 95th Annual Academy Awards at the Dolby Theatre in Hollywood, California on March 12, 2023. (Photo by VALERIE MACON/AFP via Getty Images)
VALERIE MACON/AFP via Getty Images

Disgraced Disney CEO Bob Iger “put roughly a third of the company up for sale this week,” Bloomberg Business reports.

According to the report, the sale announcement was a subtle but unmistakable one. Iger made the announcement during his disastrous CNBC interview last week, where he was caught lying with the false claim that Disney is not sexualizing children.

By declaring its cable and broadcast TV assets “noncore,” the report says, Iger told the world ABC TV, the FX cable networks, National Geographic, and Freeform are all for sale. He’s also looking for a partner for the failing ESPN.

Bloomberg does the math. “Disney’s media networks generated 35%, or $24.8 billion, of company revenue and more than 50%, or $7.5 billion, of its operating income.” Yep, that’s a big sell-off.

The problem — and Disney knows it — is that cable/satellite TV is quickly dying off. People are moving to streaming, which is much cheaper and, in many cases (Pluto TV, FreeVee, Tubi, etc.), entirely free. The billions Disney (and other entertainment/media outlets) has made from cable TV have nothing to do with merit. For nearly 50 years, upwards of 100 million American homes have subscribed to cable TV and paid a fortune for channels they never watch. The reason your cable bill is so high is because corporations like Disney earn a substantial piece of that bill simply for providing a channel on your cable package. You don’t watch it but still pay for it (same with CNN, MSNBC, MTV, etc.). Cable/satellite TV is one of the most lucrative scams in the history of American business.

Streaming puts an end to that. Tens of millions have canceled their cable TV and moved to streaming. Streaming companies, like Disney+, have to survive on merit now, which is why Disney+ is losing billions every year.

Moreover, cable and broadcast networks like FX and ABC are fading assets that will soon be worthless. Before long, there will not be enough cable subscribers to keep these outlets profitable. Additionally, nowhere near enough people actually watch these outlets to allow them to survive on advertising.

Per Bloomberg, Disney can sell these networks today for about $8 billion. Whoever purchases them will know time is short to squeeze them dry, and squeeze them dry they will.

“Iger’s comments should spook his peers,” says Bloomberg. “If a diversified company like Disney is bailing on its cable networks, what does that mean for companies like Paramount Global and Warner Bros Discovery Inc.?”

The bottom line: Those companies “still make almost all of their profit from networks that are shrinking.”

I’ve been warning these companies about the imminent death of cable TV for over a decade. The writing was on the wall as soon as Netflix became a new phenom.

Ace of Spades adds this insight to Groomer Bob’s sale announcement [emphasis original]:

Note the properties he’s considering selling are, mostly, companies that were purchased by Disney before Iger. FX and FXX were acquired by Iger when he bought Fox’s entertainment divisions. But neither of those, I think, has ever been sold as standalone units and so do not have any valuations attached to them.

… Iger does not want to sell off the big properties he bought — LucasFilm, Marvel, Pixar, and even Fox, as a whole — because the selling price will be much, much lower than the purchase price. This would expose him as rube who consistently overpaid for other people’ successful studios to cover-up Disney’s own struggling creative output. And it would also confirm everyone’s strong suspicion that all of these properties are worth only 25-50% of what was paid for them, and therefore maybe all of Disney is similarly only worth 25-50% of the current market valuation.

Disney is in much more trouble than anyone in the corporate media or the elite business world wants to admit. On top of being creatively dead — so dead, meet your new Snow White — the company’s brand has been forever shattered by Disney’s blatantly evil grooming crusade.

Disney’s obsession with identity politics and its own sexual perversions has killed Star Wars, killed Indiana Jones, killed Pixar, and is killing Marvel. The left-wing affirmative action of cable TV is dying, theme park attendance is down, and the stock price has been cut in half and downgraded.

Rather than solve the problem, the board extended Groomer Bob’s contract into 2026.

Watching Disney crash and burn is one of the joys of living.

Follow John Nolte on Twitter @NolteNCFollow his Facebook Page here.


Nolte: Disney+ Expected to Lose $800 Million This Quarter

bob iger
Drew Angerer/Getty Images

The floundering Walt Disney Company’s Disney+ streaming service is expected to record a $800 million third-quarter loss.

That’s nearly a billion dollars lost in a single quarter.

I tell ya, Disney’s slow-motion collapse is more entertaining than anything these child predators have created in years.

Apparently, grooming little kids doesn’t pay.

Who knew?

In better news, Disney stock took a dive after it was announced disgraced CEO Bob Iger extended his contract to 2026.

Wanna good laugh? The Disney sycophants in the corporate media have been portraying these massive losses as a good thing.

The far-left New York Times back in May:

To understand the forces that have been roiling the biggest media companies, look no further than Disney’s earnings. Streaming economics are improving — considerably so. But not fast enough to offset declines in traditional television, which is in free fall.

Disney said on Wednesday that losses in its streaming business for the most recent quarter totaled $659 million, an improvement from a year earlier (and a vast improvement from the October-to-December period, when losses totaled $1.1 billion). Streaming revenue climbed 12 percent, reflecting a sharp increase in revenue per paid Disney+ subscriber, a metric investors watch closely.

Oh, yeah, what a relief… Losses were only down $659 million. Well, now that those losses appear to have spiked back up to $800 million, we can all look forward to the rewrite. Right? Right?

Here’s Reuters in May:

Walt Disney Co … reduced streaming losses by $400 million from the prior quarter but also shed subscribers, the company reported on Wednesday as quarterly earnings landed in line with Wall Street expectations.

Investors Business Daily in May:

Still, losses for the company’s streaming business improved to $659 million from a loss of $887 million last year. FactSet projected Disney’s streaming operations to record an $845 million loss.

Boy, Democrats got it good. Disney+ loses more than a half-billion dollars over three months, and the fake media is all: Good news!

Well, now the losses are back up to $800 million. Should be interesting to see how these bootlickers spin that for Groomer Bob.

The media talking around the brand damage the Disney Grooming Syndicate has brought on itself is pathetic. Because Disney cannot control its dual obsessions involving identity politics and its criminal desire to normalize sex with kids, everything Disney is dying… The company has probably lost somewhere around a billion dollars on its last nine feature films. Disney+ is a stagnant money pit of sexual perversities. Theme park attendance is down. The price of Disney’s stock has been cut in half in just a few years.

But this is what happens when you prey on children rather than protect them.

This is what happens when your failed Lucasfilm president, Kathleen Kennedy, woke rape our heroes like Luke Skywalker, Lando Calrissian, and Indiana Jones into emasculated, mewling little gerbils reporting to The GirlBoss.

This is what happens when you ask us to feel an emotional attachment to a character based on something as shallow and meaningless as their gender, skin color, or how they conduct their sex life.

This is what happens when you sexualize everything, especially children’s content with deviant sexual behavior and the destructive horrors of transsexualism.

Disney is pure evil and deserves every terrible thing in the world.

 

Follow John Nolte on Twitter @NolteNCFollow his Facebook Page here.

 

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