The Washington Standard
Disney Is Now Just Woke Movies Subsidized By Foreign Theme Parks.
There have been several ‘internet analyses’ in recent weeks as to whether Disney has actually lost money on most of its big tentpoles movies including even Marvel. Hollywood accounting is an arcane science best left to mob accountants and FBI agents. On paper, all movies lose money and figuring out whether movies that blow through billions on paper (and also make billions on paper) are losing or winning is a mug’s game.
There has been an estimated $900 million in summer losses after some movies just crashed and burned, but it takes a lot of forensic accounting and access to information few have to figure out the real numbers.
But CEO Bob Iger has made the case to Disney shareholders that profits and losses in Disney+ (which has been losing a ton of money) and even its movies don’t matter because the movies are really bulking up profits in its theme parks…
