Apparent damage from Disney’s deal with Wokeshevism continues to reveal just how far downhill appeasing far-left activists is taking the company.
Explosive data published by Yankees part-owner, Patrick Bet-David, on his recent Valuetainment podcast, put Disney’s losses at USD 138 billion.
The company’s value peaked in 2021 at a value of $341 billion.
Disney’s value now, he said, was closer to $203 billion.
It’s a massive downgrade.
Patrick told guest, former Mandalorian actress, Gina Carano, the slide downhill for Disney began the day she was cancelled.
There could, of course, be many reasons for a sliding share price but the old phrase, go woke, go broke comes to mind.
Disney’s shift from wholesome entertainment for families to Woke politics may be killing off audience demand.
Those losses, Patrick asserted, are ‘a byproduct of Disney forgetting who their #1 customers are: parents…’
Disneys fired Gina Carano the week of February 8th, 2021.
Market cap of Disney that day was $341 billion.
Disneys market cap today: $203 billion.
A loss of $138 billion.
This is a byproduct of Disney forgetting who their #1 customers are: PARENTS
— Patrick Bet-David (@patrickbetdavid) February 28, 2024
Patrick’s roundtable fact session with Gina Carano digs deep into the unlawful dismissal lawsuit Twitter owner, Elon Musk, has filed against Lucasfilm and Disney on her behalf.
Addressing the allegations regarding her departure from Disney, she said, ‘I challenge you to go through my Twitter feed, that’s not who I am.’
Carano was poised to have her own Star Wars: Mandalorian spinoff, Rangers of the New Republic.
The pilot script was ready to go, and Disney had green-lit the show.
There was a lot of promise. Enough to skyrocket her career, some say.
Unlike so many of her colleagues who submit to Cultural Marxist struggle sessions, Carano refused to cave in.
She chose the wilderness, instead of wealth.
‘You have,’ Carano added, ‘in Disney a plethora of actors, people being convicted of something ‘bad’ and then they go on an apology tour.’
‘I’ve felt like I’ve been in the desert for the past couple of years. That hasn’t felt good.’
What makes this easier, Carano said, was knowing that, ‘I’m honest and I’m clear.’
Although part of the cost in the fight against cancel culture has affected her physical and mental health, public support has helped.
Lots of people saw what was happening and said, according to Carano, ‘This is an innocent person you’re going above and beyond to destroy.’
‘I think,’ Carano added, ‘this is why my case has had such an impact. Because it was so obvious; so in your face.’
‘It’s been hard, but that’s okay. It’s okay to go through the desert.’
The lawsuit is another ‘incredible opportunity’ in a line of opportunities, she told Patrick.
Help from Daily Wire, and others took the ‘sting’ out of being cancelled.
‘It didn’t take the cancellation away. I am still very much in the desert.’
Now, Elon Musk has opened a door, she said, ‘I’m like, there’s real men in the world. For X, and Elon to do this for me, it’s already lifted this thousand-pound beast off my chest.’
Whether she wanted it or not, Carano shared about how she ‘was carrying around the shame of being fired’.
She believes her case is strong, given the standard set by her former male counterparts. Mandalorian and The Last of Us actor, Pedro Pascal, though criticised at the time, was not fired for an Instagram post comparing Trump voters to Nazis.
Disney has more problems. They have been going all Donald Duck over Ron DeSantis’ parenting bill.
As I warned in March 2022, Disney adopting wokeness for an economic model is a perilous business move. They may live to regret their transition.
Howling with the Woke wolves rarely benefits those making the noise.
The data is in, and that appears to be exactly where Disney is right now, even if they won’t admit it.
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