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

Episoder(356)

Silicon Valley Bank Collapse FAQ: Whose Fault Is It? How Can We Stop a Bank Panic? What Comes Next?

Silicon Valley Bank Collapse FAQ: Whose Fault Is It? How Can We Stop a Bank Panic? What Comes Next?

RIP, SVB. America's 16th-largest bank was just destroyed by the largest bank run in U.S. history. To talk about what happened and what happens next, we have Liz Hoffman, business and finance editor at...

13 Mar 202338min

"Industrial Policy" Is the Hottest Idea in Economics. What Could Go Wrong?

"Industrial Policy" Is the Hottest Idea in Economics. What Could Go Wrong?

Under President Biden, the U.S. is pivoting toward what some people call “industrial policy”—that is, using the government to support key industries, like green energy manufacturing and the manufactur...

10 Mar 202351min

How the Media Failed Its COVID Test: The Truth Behind the Lab Leak and Masking Debates

How the Media Failed Its COVID Test: The Truth Behind the Lab Leak and Masking Debates

Today’s episode is a long one: It’s about the debate over media coverage of COVID. Three years after the fateful March of 2020, when it feels like the world shut down for COVID, we are revisiting two ...

7 Mar 20231h 34min

Why Are American Teens So Unhappy? How Do We Solve This Crisis?

Why Are American Teens So Unhappy? How Do We Solve This Crisis?

This is our second installment of happiness week on the Plain English podcast. On Tuesday, I spoke with the directors of the Harvard Study of Adult Development about what makes a good life, based on t...

3 Mar 202355min

Happiness in America, Part 1: The Secret to a 'Good Life,' According to an 80-Year Study

Happiness in America, Part 1: The Secret to a 'Good Life,' According to an 80-Year Study

Americans have never had more access to social technology. It’s easier to talk to friends and family members hundreds of miles away; easier to see their faces; and easier to find single people to date...

28 Feb 202358min

The Science of How Music Hits Have Changed in the Last 60 Years

The Science of How Music Hits Have Changed in the Last 60 Years

How does technology shape art? Why has songwriting become more of a visual skill in the 21st century? Why are today's hit songs shorter than songs from any period since the Beatles? What happened to t...

24 Feb 202352min

Bing Chatbot Gone Wild and Why AI Could Be the Story of the Decade

Bing Chatbot Gone Wild and Why AI Could Be the Story of the Decade

Large language models like ChatGPT and Bing’s chatbot can tell stories. They can analyze the effects of agricultural AI on American and Chinese farms. They can pass medical licensing exams, summarize ...

21 Feb 202351min

UFOs and Aliens and Drones and Balloons: Understanding the U.S. Sky Wars

UFOs and Aliens and Drones and Balloons: Understanding the U.S. Sky Wars

Since a big white Chinese spy balloon floated across the ocean and into U.S. airspace, the United States has shot down four objects over North American skies. What are we looking at, and what are we s...

17 Feb 202350min

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