If you follow the House of the Devil Mouse and its various travails, you will no doubt be experiencing a SERIOUS schadenboner right about now. (Call a doctor if it DOESN’T last more than 4 hours.) The latest news is, Disney may be putting large parts of itself up for sale – and indeed, the ENTIRE COMPANY may be up for grabs.
Given that Disney’s market capitalisation is something on the order of US$160B, there are not many companies anywhere which could manage something like that. About the only one that comes to mind, is perhaps Apple, with its US$3 TRILLION market cap, and its US$56B in cash on hand. But, buying a company as troubled as Disney, with all of its colossal problems and woke wankery, is a recipe for disaster.
Nonetheless, it is heartwarming indeed to watch the implosion of Disney. This is a company that has frittered away all of the brand value it once held, through numerous badly managed acquisitions and incredibly bad business decisions.
The most hilarious part of it all is that Bob Iger is the man who created this entire mess – and has now been brought back to sort out the very issues HE is responsible for creating in the first place. It is kind of like watching an arsonist firefighter burn down a mansion – with the whole world watching – and then inviting that same firefighter to come back and put out the blaze.
It is impossible for me, personally, to feel any sympathy whatsoever for Disney. Its managers, employees, and a significant part of its shareholder base (mostly the institutional ones who prize short-term return over long-term investment), all chose these things. They chose to get woke – though, as Lord Razor of the Fist Clan likes to put it, in fact, they went broke, then went woke, and will now CROAK:
If I were a nice man, I would lament the destruction of so much great IP. But I am not, so I do not.
We shall see what happens in the coming days and weeks. But all I can say, as someone who has been studying Disney for a couple of years now, and who can see a financialised, hollowed-out husk of a once-great American company when I see one, is that there is NO hope for Disney’s future, without extreme surgery that will gut the company.
So be it. These are the Wages of Woke, and they are terrible indeed.
And that’s all the news that is unfit to print. Let us get on to the real reason you are here.
This week’s closing lady is Ellen Stark, age about 23, from Frankfurt, Krautland. Apparently, she just recently graduated with a Bachelor’s degree in… something or other. But, of course, her true skill lies in modelling.
Happy weekend, all. Go watch Mission: Impossible. Or Sound of Freedom, if you are lucky enough to be Stateside and within range of a theatre that is showing it.