Part 4/10:
The Cost-Cutting Strategy Amid Financial Turmoil
The decision to scrap this project is not just about politics; it’s a reflection of Disney’s broader financial struggles. The company has been experiencing severe economic headwinds—its stock plunged 44% in 2022, marking its worst year in half a century. Disney+ has become a significant drain, losing hundreds of millions, if not billions, quarterly, and hemorrhaging subscribers—about 4 million in just the recent quarter.