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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PE Greatest Hits: Derek and Ryen Debate the Most Impressive Sports Statistic of All Time

PE Greatest Hits: Derek and Ryen Debate the Most Impressive Sports Statistic of All Time

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, but I wanted to keep something in your feed over the holidays, so this week ...

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ChatGPT, Obesity Drugs, Exoplanet Images, and Medical Miracles: The Most Amazing Breakthroughs of 2022

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Sperm Counts Are Falling All Over the World—Why?

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In the last 50 years, average sperm counts have fallen by 50 percent. This isn’t just happening in the U.S. or Europe or Asia. It seems to be happening everywhere. If the current rate of decline conti...

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Who's Afraid of a Four-Day Work Week?

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4 Day Week Global is a nonprofit organization that recently conducted a trial with 33 companies and 900 workers that replaced the typical five-day week with a four-day work week with no change in pay....

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One year ago, we had Anne Applebaum on the podcast to talk about her essay, "The Bad Guys Are Winning." And I think you could have made an argument that this was the most important story in geopolitic...

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Why America is Suffering a 'Friendship Recession'

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Americans have never spent so much time alone. And alone time is rising sharply for every demographic—young and old, male and female, white and non-white, metro and rural. But is aloneness the same as...

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Thanksgiving Mega-Pod: Bob Iger’s Power Grab, SBF’s Scandal, and Elon Musk’s Omnishambles

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Today’s episode is a Thanksgiving feast of corporate scandal and media gossip. Derek kicks things off with a big-picture theory for why everything in tech and media seems to be falling apart at the sa...

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If China Invades Taiwan, Is It World War III?

If China Invades Taiwan, Is It World War III?

Today’s episode is about China’s turn toward authoritarianism—and why it might be one of the most important stories in the world. If you don’t know a lot about China—if you’ve been interested or aston...

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