Part 6/9:
- Was not on track to meet its 2024 subscriber and profit targets, with estimates lacking a reasonable basis in fact.
These allegations underscore a broader issue: Disney’s efforts to paint a picture of success while hiding the financial chaos beneath.
The Myth of Profitability
Disney has historically been secretive about the actual costs of its streaming content. An example often cited is "Thor: Love and Thunder." Disney claimed to have spent around $160 million just to acquire rights for the film, which was then presented as a profitable venture when, in reality, the film's true financial support came from reallocating existing budget resources.