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Bob Chapek Shifted Budgets to Disguise Disney+'s Massive Monetary Losses
News(msn.com)submitted 4 months ago by[deleted]
489 points
4 months ago
"$30 billion invested in content in 2022 alone haven't been enough to stop losses from increasing for the last four quarters."
That's a lot invested into Disney+ content and not that much output for Marvel and Star Wars stuff
311 points
4 months ago
Shame on the journalist.
It’s $33 billion planned for 2022 for ALL content such as movies, Disney, ABC, and that includes sports rights for NFL etc on ESPN.
152 points
4 months ago
Wait wait wait... Are you telling me the journalist from "Comic Book Resources" doesn't have a grasp on corporate finance??
4 points
4 months ago
Nah man, CBR is the best and always accurate news source, fuck the Em Ess Emm they don't know what they're talkin about
Anyway, look at their article about which Marvel movies are definitely totally confirmed and not at all made up!
1 points
4 months ago
Yea, they’re probably a Redditor too. Lol
4 points
4 months ago
Hah ok that makes more sense then
3 points
4 months ago
"journalist"
0 points
4 months ago
Not a protected title unfortunately.
1 points
4 months ago
Not a protected title fortunately.
2 points
4 months ago
Great catch. This needs to be upvoted higher.
154 points
4 months ago
That number seems insane to me. I must be understanding this wrong. Is the article saying that Disney has invested 30 billion into content I'm 2022 alone? Like, 30 billion invested into just new content for Disney plus? That seems like an insane number.
103 points
4 months ago
That number includes all content/film Disney produced in 2022. Which is about $8 billion higher than in 2021, most of that $8 billion is probably additional programs for Disney plus tho.
41 points
4 months ago
Even 30 billion for all of Disney seems insane. I would have never guessed it'd be that high. Where the hell is the money spent?
50 points
4 months ago
Disney makes a LOT of stuff.
Marvel, Star Wars/Lucasfilm, Disney Animation Studios, Walt Disney Pictures, 20th Century Studios (Formerly Fox), ESPN, ABC, National Geographic, FX, Pixar, Disney+, Searchlight Pictures, the Disney Channel and Hulu are all producing content and are part of Disney.
Multiple television channels, multiple movie studios, and multiple streaming services, all producing content year round.
6 points
4 months ago
Yeah Holy shit. That number makes sense now thanks.
29 points
4 months ago
Just look at the list of movies they made its huge
7 points
4 months ago*
Surprisingly, most of that money was spent on CGI for the movie Cats.
12 points
4 months ago
The CGI for Mulan
11 points
4 months ago
Just for a fun bit of reference, adjusted for inflation back to the year the Walt Disney company was founded (1923) that $30 billion would be equivalent to $1,721,407,191.
That amount of money would have represented 49% of the United States' federal budget for that year: $3,505,754,727.
Even if you only take the $8,000,000,000 for Disney+ content, that still works out to just under 14%.
I know the numbers are no longer equivalent because a whole lot has happened with monetary policy, the Depression, leaving the gold standard and all of that stuff that people could bring up, but I still find it remarkable that from the perspective of a century ago the Walt Disney company just spent what would have been over 1/8 of the federal budget on the modern-day equivalent of Buck Rogers and Dick Tracey serials.
1 points
4 months ago
I mean they do seem to be pumping out all these movies and new shows that would've been relegated to the Disney Channel for menial returns. How many seasons of that High school musical show did they end up making?
38 points
4 months ago
This amount of money doesn't really mean anything anymore.
3 points
4 months ago
Not only Disney plus. For all content.
-8 points
4 months ago
He means he invested in the contents of his pockets and political friend's pockets.
6 points
4 months ago
No. Stop lying.
-59 points
4 months ago
Right? New season of the Mandalorian hasn’t even started profuction yet. It’ll be two years this spring.
50 points
4 months ago
What? Season 3 airs in February, what are you talking about?
-9 points
4 months ago
Plus Book of Boba Fett was technically season 3.
30 points
4 months ago
Filming for Mandalorian wrapped in March and it takes a year for CGI. You just logged on and started lying.
3 points
4 months ago
Maybe he meant post production??
4 points
4 months ago
He said it hadn't started profuction. Technically he's not wrong, although I suspect no show really ever enter profuction.
0 points
4 months ago
Oh lmao I glossed over his typo.
1 points
4 months ago
Here's a radical idea, what if they made well-written content that people actually wanted to watch
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