https://www.breitbart.com/ente...tm_campaign=20231124Nolte: Disney Report Warns Investors Social Goals Take Priority over Profits
The Disney Grooming Syndicate’s annual SEC report tried to bury its foundational problems in the word salad of all word salads. Thankfully, That Park Place saw right through it. The key takeaway from the report is that Disney, as required by law in these filings, is warning investors that its social goals are more important than profits.
“There is in such things a statement of the various ‘Risk factors’ the company may encounter,” explains That Park Place, “all in the obligatory legal way to avoid people later saying ‘You never warned us about this!!’”
In other words, in this annual report, Disney must warn stockholders and potential stockholders of the risks these investors are accepting if they hold or choose to purchase Disney’s ailing stock. Here’s a key takeaway hidden within a pile of Disney’s CorporateSpeak [emphasis mine]:
We face risks relating to misalignment with public and consumer tastes and preferences for entertainment, travel and consumer products, which impact demand for our entertainment offerings and products and the profitability of any of our businesses. Our businesses create entertainment, travel and consumer products whose success depends substantially on consumer tastes and preferences that change in often unpredictable ways. The success of our businesses depends on our ability to consistently create compelling content, which may be distributed, among other ways, through broadcast, cable, theaters, internet or mobile technology, and used in theme park attractions, hotels and other resort facilities and travel experiences and consumer products. Such distribution must meet the changing preferences of the broad consumer market and respond to competition from an expanding array of choices facilitated by technological developments in the delivery of content. The success of our theme parks, resorts, cruise ships and experiences, as well as our theatrical releases, depends on demand for public or out-of-home entertainment experiences. Demand for certain out-of-home entertainment experiences, such as theater-going to watch movies, has not returned to pre-pandemic levels. In addition, many of our businesses increasingly depend on acceptance of our offerings and products by consumers outside the U.S. The success of our businesses therefore depends on our ability to successfully predict and adapt to changing consumer tastes and preferences outside as well as inside the U.S. Moreover, we must often invest substantial amounts in content production and acquisition, acquisition of sports rights, launch of new sports-related studio programming, theme park attractions, cruise ships or hotels and other facilities or customer facing platforms before we know the extent to which these products will earn consumer acceptance, and these products may be introduced into a significantly different market or economic or social climate from the one we anticipated at the time of the investment decisions. Generally, our revenues and profitability are adversely impacted when our entertainment offerings and products, as well as our methods to make our offerings and products available to consumers, do not achieve sufficient consumer acceptance. Further, consumers’ perceptions of our position on matters of public interest, including our efforts to achieve certain of our environmental and social goals, often differ widely and present risks to our reputation and brands.
cont...
SIGforum: For all your needs!
Imagine our influence if every gun owner in America was an NRA member! Click the box>>>