Disney Stock PLUNGES, Streaming Sees Hundreds Of Thousands Flee As Company Continues Pushing A Woke LGBTQ Agenda

Disney+ has witnessed massive drops in subscriptions as the company itself sees a notable decline in its stock. Many believe the massive decline in both stock price and subscribers can be attributed to the LGBTQ agenda that has been pushed by the company as of late. 

Disney was already expecting to lose a notable amount of subscribers due to their deal with Hotstar in India ending, but the company received an unexpected loss of 300,000 subscribers in the United States and Canada, per Breitbart. Whether it is due to the recent drop in quality for shows like ‘The Mandalorian’ or the agenda being shoved down viewers' throats can be anyone's guess. 

What’s not a guess, however, is that the company losing more than $1 billion in both the fourth and first quarters on their streaming services, which includes both Disney+ and Hulu. Disney has been spending a record-breaking amount of money to attempt to compete with Netflix in the streaming war which is resulting in major losses. The company was able to minimize its losses this quarter to $659 million, but that number doesn’t ease the concerns of many. 

These failures also show in the company's stock, with Reuters reporting that Disney has lost $16 billion since Bob Iger's return as CEO in November, at an eight percent decline in stock value. In comparison, Warners Bros Discovery and Paramount Global only fell around three percent.

Outsiders have questioned the decisions being made by the media conglomerate. Brandon Nispel, a KeyBanc Capital Markets analyst, said,“Some investors might question this tactic given Disney just lost subscribers.”

The company appears to be attempting to move more of its subscribers to the less expensive ad tier as an alternate way to generate money, though it’s unknown how successful this idea would be. 

Disney was reporting that they expected to be profiting on their streaming platforms by 2023. However, with the major decline the service is showing, that possibility seems to be getting further and further out of reach from the media giant. 

The entertainment company also continues to alienate their conservative viewers as they work to cram as many LGBTQ-related stories as possible within its shows. Major shows like ‘Loki’ represented the main character as gender-fluid, with the animated series ‘Baymax’ having a transgender man, a biological woman, giving advice on which maxi pads to buy.

Disney has been an increasingly frustrating company for consumers. From proclaiming moral high ground in the United States to making backroom deals with Communist China, it’s created a very confusing look for the company. Major changes are needed to get Disney back to the place it once was, but who knows if it will ever return to its glory days.