Replies to post #105297 on Mike The Pike Productions Inc (fka MIKP)

[LexTrader]

Disney isn't buying anything, they are trying to cut expenses and unload assets. Maybe the one who needs to be informed is you dimwit. Oh, oh, maybe you were getting your information for 10-12 years ago....my bad😂
https://www.fool.com/investing/2023/07/19/why-is-disney-struggling-this-warren-buffett-quote/

"Disney's streaming business is predicted to lose roughly $800 million in the quarter that just ended, and the economics of streaming has proven to be dismal thus far nearly across the board. Disney and its legacy peers like Warner Bros. Discovery, Paramount Global, and Comcast as well tech companies like Amazon and Apple are all losing money on streaming, or believed to be.

Even Netflix, the streaming pioneer, though profitable, burned billions in cash annually for years in an effort to build a membership base of more than 200 million that allows it to turn a profit.

And the lack of profits in the streaming industry isn't the only problem. After a boom during the pandemic, subscriber growth has nearly ground to a halt.