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(361)

Curiosity Corner: Monkeypox Myths, Millennial Facts, and Overpopulation Fears

Curiosity Corner: Monkeypox Myths, Millennial Facts, and Overpopulation Fears

In our second "Curiosity Corner" mailbag, Derek takes your burning questions. He breaks down the myths around how monkeypox spreads, and blasts public health officials for not being more specific abou...

5 Aug 202230min

Is Old Music Killing New Music?

Is Old Music Killing New Music?

Why does it seem like the old is eating the new in pop culture? This year, the song of the summer is arguably Kate Bush’s “Running Up That Hill”—which was released in 1985. It was launched by the most...

3 Aug 202253min

How the Democrats' New Climate Bill Could Change the World

How the Democrats' New Climate Bill Could Change the World

“Every few years, American politics astonishes you.” That’s how The Atlantic journalist Robinson Meyer began his report on the Democrats' new climate deal, which would invest record-breaking sums in c...

1 Aug 202224min

Why the Question "Are We in a Recession?" Is Impossible to Answer

Why the Question "Are We in a Recession?" Is Impossible to Answer

On Thursday, the Bureau of Economic Analysis announced that GDP dropped for the second consecutive quarter, fueling fears that the economy is in a recession. Today's guest is Austan Goolsbee, a profes...

29 Jul 202239min

Crypto Crash, Part II: A Debate About the Future of Web3

Crypto Crash, Part II: A Debate About the Future of Web3

Today is the second half of our special two-parter on the state of crypto. Yesterday’s theme was the case against. Today we debate the case for. In the last few weeks, use-cases have become a popular ...

26 Jul 202254min

Crypto Crash Part I: The Case Against Crypto

Crypto Crash Part I: The Case Against Crypto

Today, we have the first in a two-part series on lessons from the crypto crash. Crypto, also known as Web3, also known as blockchain-based technologies, remains the weirdest space I’ve ever reported o...

25 Jul 202249min

Why It Seems Like So Many Countries Are Falling Apart

Why It Seems Like So Many Countries Are Falling Apart

The world is kind of a mess right now. There is a big, bloody, awful war between Russia and Ukraine, which has hugely disrupted global trade, especially in commodities like oil, wheat, and natural gas...

22 Jul 202253min

The World Is on Fire. Here’s a Realistic Plan to Save Humanity.

The World Is on Fire. Here’s a Realistic Plan to Save Humanity.

The world is on fire. In southern Europe, wildfires are streaking from Portugal to Greece. In the U.K., airport runways melted as temperatures exceeded 103 degrees for the first time on record. In the...

19 Jul 20221h 2min

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