Disney’s CEO Bob Iger has announced a staggering $4 billion loss on the Disney+ streaming platform. Despite this massive financial hit, Iger does not attribute the loss to Disney’s controversial content choices aimed at children.
Instead, Iger claims that the loss was a result of investing too much in creating a high volume of content without enough focus on quality. He acknowledges that the quality of the stories produced was subpar and failed to generate the expected returns. This lack of quality management resulted in Disney losing out in the streaming wars against competitors like Netflix and Amazon Prime Video.
While some critics argue that Disney’s descent into provocative and controversial content contributed to the loss, Iger insists that the root cause was the excessive storytelling approach. The article concludes with a call for Disney to change its ways or face irrelevance in the entertainment industry.
Overall, the message is clear: Disney’s financial struggles are not solely tied to its controversial content decisions, but also to mismanagement of its content creation strategy.
