Disney Admits 'Woke' Content and Politics Impacting Bottom Line

Company's recent films underperform at box office as ongoing legal battle with Florida Governor continues.

Disney has admitted in its recent 10-K form to the Securities and Exchange Commission (SEC) that its focus on 'woke' content and politics has led to a disconnect with its consumers' viewing desires and habits, impacting its bottom line.
The company's recent films, which have incorporated 'woke' themes and politics, have not been performing well at the box office, leading to significant financial losses.
Disney's ongoing legal battle with Florida Governor Ron DeSantis over his 'Don't Say Gay' legislation and the company's semi-autonomous status has also been cited as a potential factor in its financial struggles.
Critics, including Sen. Ted Cruz and Consumers' Research executive director Will Hild, believe Disney's admission could have lasting ramifications across corporate America, particularly for companies producing content.
Despite the financial losses, Disney is set to release more films in 2024, and it remains to be seen if the company will change its approach to content creation.