It has become so obvious that embracing the leftist agenda of “woke-ism” is hurting Disney’s bottom line that even the stooges in charge cannot deny this fact any longer.
Disney wrote in a recent filing to the Securities and Exchange Commission (SEC) that “we face risks relating to misalignment with public and consumer tastes and preferences for entertainment, travel and consumer products.”
“Generally, our revenues and profitability are adversely impacted when our entertainment offerings and products, as well as our methods to make our offerings and products available to consumers, do not achieve sufficient consumer acceptance. Further, consumers’ perceptions of our position on matters of public interest, including our efforts to achieve certain of our environmental and social goals, often differ widely and present risks to our reputation and brands,” Disney added in the report.
In other words, Disney went woke and now they’re going broke.