Disney’s Downfall: The Rise and Fall of an Entertainment Giant

Disney’s Downfall: The Rise and Fall of an Entertainment Giant

Hollywood has been decimated by the rise of streaming. At Disney, Warner Bros. Discovery, Paramount, and Sony, profits on TV, film, and streaming went from $23 billion in 2013 to about zero in 2023. Nothing tells this story more clearly than a brief history of Disney. In the early 2000s, Disney under CEO Bob Iger went on one of the most extraordinary runs in modern business history. ESPN was the most valuable network in the cable bundle. They acquired Pixar, Marvel, LucasFilms, and Fox. As the company shifted to streaming, it seemed set up to lap Netflix and eat the box office at the same time. But today, Disney’s stock is at a nine-year low. Operating margins are down 75 percent. Disney+ lost $4 billion last year. What happened to America’s greatest entertainment company? To discuss, we have two great guests: Julia Alexander, director of strategy for Parrot Analytics and a writer with Puck News, and Matthew Ball, a writer and investor and author of the book ‘The Metaverse.’ If you have questions, observations, or ideas for future episodes, email us at PlainEnglish@Spotify.com. Host: Derek Thompson Guests: Matthew Ball & Julia Alexander Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

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How AI Could Change Apple and Google, Writing and Music, and Everything Else

How AI Could Change Apple and Google, Writing and Music, and Everything Else

“The story of 2022 was the emergence of AI," wrote Ben Thompson, the author of the Stratechery newsletter and podcast. "It seems clear to me that this is a new epoch in technology.” Ben and Derek talk...

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Why Big Tech's Jobs Bubble Burst. Plus, SBF's Scandal Deepens.

Why Big Tech's Jobs Bubble Burst. Plus, SBF's Scandal Deepens.

Derek breaks down the biggest economic mystery of the moment: Why are the most successful tech companies collectively laying off more than 130,000 people if the overall unemployment rate is still hist...

24 Tammi 202347min

America Isn’t Ready for the Weight-Loss-Drug Revolution That’s Coming

America Isn’t Ready for the Weight-Loss-Drug Revolution That’s Coming

We have historically thought about weight as the mere outcome of our deliberate choices about diet and exercise. We have not typically thought about weight like a disease. But in the past 18 months, t...

20 Tammi 202353min

How Americans Got Everything About Food—Fat, Sugar, and Obesity—‘Entirely Backwards’

How Americans Got Everything About Food—Fat, Sugar, and Obesity—‘Entirely Backwards’

Today’s episode is about what Americans don’t get about food—and the historical origins of our diet delusions. Our guest is Dr. David Ludwig, an endocrinologist who has researched and written on obesi...

17 Tammi 202347min

True or False: 10 Controversial Predictions About the Future of Streaming, Tech, and Media

True or False: 10 Controversial Predictions About the Future of Streaming, Tech, and Media

Last year was a bloodbath for media of all stripes. Netflix crashed, the advertising market cratered, Disney fired a CEOBob and replaced him with a CEOBob, and meanwhile, the domestic box office for f...

13 Tammi 202340min

Why There Is So Much Bullsh*t in Science

Why There Is So Much Bullsh*t in Science

We should be living in a golden age of creativity in science and technology. We know more about the universe and ourselves than we did in any other period in history, and with easy access to superior ...

11 Tammi 20231h

The 2023 Economy FAQ: Is Recession Inevitable? Will Housing Crash? Can Tech Recover?

The 2023 Economy FAQ: Is Recession Inevitable? Will Housing Crash? Can Tech Recover?

Michael Batnick and Ben Carlson of Ritholtz Wealth Management rejoin the pod to talk about what they learned from the topsy-turvy 2022 economy and make predictions about 2023 markets. If you have ques...

4 Tammi 202344min

PE Greatest Hits: Thompson and Klosterman Debate Why Society Got So Negative

PE Greatest Hits: Thompson and Klosterman Debate Why Society Got So Negative

This has been an amazing year for the show, and I’m so grateful for everybody who has listened. I’m off the last two weeks of the year but I wanted to keep something in your feed over the holidays, so...

27 Joulu 202249min

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