Part 6/8:
The financial turbulence extends beyond specific divisions—Disney's stock price has plummeted to its lowest level in 2023, approaching record lows previously seen in late 2022. The company’s overall decline underscores a broader erosion of investor confidence, further exacerbated by problematic leadership decisions and mounting losses across multiple sectors.
Competition and the Changing Entertainment Landscape
The current entertainment environment is fierce. Blockbusters like Barbie and Oppenheimer have shattered box office expectations, demonstrating audience willingness to support competing offerings outside Disney’s lineup. This shift makes it even more evident that Disney cannot attribute its failures solely to the pandemic anymore.