Disney’s woke virus threatens US movie industry ...News

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Disney’s woke virus threatens US movie industry
source : Russia Today ( News ) () 93
The company’s commitment to diversity, equity, and inclusion has hurt its stock price following a string of box office flops In a surprising disclosure, the Walt Disney Company acknowledges in its latest filing with the US Securities and Exchange Commission (SEC) that its recent embrace of a ‘woke’ agenda has adversely affected its financial performance. Despite claiming a 7% revenue increase in fiscal 2023, a figure that seems less impressive given the post-coronavirus shutdown context, the company grapples with challenges such as a reduction in content production spending, significant layoffs, and the abandonmen

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