Disney’s Political Involvement Results in Financial Loss, SEC Filing Reveals

By | November 28, 2023
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“Disney’s Political Involvement Takes a Toll on Its Profits, SEC Filing Reveals – Fox News”

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Disney’s foray into politics and culture wars has reportedly had a negative impact on its financial performance, according to a recent filing with the U.S. Securities and Exchange Commission (SEC). The disclosure has raised questions about the entertainment giant’s decision to wade into divisive issues and how it may affect the company’s bottom line.

Legal scholar Jonathan Turley revealed in a tweet that Disney had admitted to the negative consequences of its political and culture-related endeavors. The tweet, shared by Fox News, included a link to the SEC filing, which further detailed the impact of these initiatives on the company’s financials.

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The SEC filing reportedly acknowledged that Disney’s involvement in politics and culture wars had hurt its bottom line. While the exact extent of the financial impact was not disclosed, the admission suggests that the company’s decision to engage in these controversial issues may have alienated a portion of its customer base.

Over the past few years, Disney has been increasingly vocal about its stance on various political and cultural matters. The company has faced criticism from both ends of the political spectrum, with some accusing it of promoting progressive values and others arguing that it has caved in to cancel culture and political correctness.

One of the most notable instances was the firing of actress Gina Carano from the hit series “The Mandalorian” over her controversial social media posts. The move was met with backlash from some fans who felt that Disney was stifling free speech and succumbing to pressure from online mobs.

Disney’s involvement in politics also became evident during the 2020 U.S. presidential election. The company actively supported Democratic nominee Joe Biden, hosting a virtual fundraiser for the candidate and making financial contributions to his campaign. This move drew criticism from conservatives who felt that Disney was using its influence to sway the election in favor of their preferred candidate.

While it is not uncommon for companies to take a stand on social and political issues, the impact on Disney’s financial performance raises questions about whether it is advisable for entertainment giants to engage in such matters. Critics argue that companies risk alienating a significant portion of their customer base by taking sides in divisive debates.

As Disney continues to navigate the challenges posed by its foray into politics and culture wars, it remains to be seen how the company will address the financial consequences and whether it will reconsider its approach moving forward..

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@FoxNews said Disney admitted foray into politics, culture wars hurt its bottom line in SEC filing: Jonathan Turley trib.al/fKMWH29

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