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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The End of Roe v. Wade Changes Everything

The End of Roe v. Wade Changes Everything

We react to the landmark Supreme Court decision and explain how it could affect the future of the court, national politics, fertility and family planning, state law, corporate policy, and more. To fur...

24 Juni 202242min

Why Air Travel Is a Hot Mess Right Now

Why Air Travel Is a Hot Mess Right Now

Lately, it feels like we’re surrounded by systems and industries that aren’t working the way they should. There's an oil shortage, and a baby formula shortage, and a used car shortage, and a microchip...

24 Juni 202242min

Why Gas Prices Are Skyrocketing—and an Ingenious Plan to Bring Them Down

Why Gas Prices Are Skyrocketing—and an Ingenious Plan to Bring Them Down

Expensive energy is an economic, psychological, and political scourge. Nominally, gas prices are at a record high. Adjusted for inflation, they could break the all-time record if they rise just anothe...

21 Juni 202245min

The Big Winners and Losers From the Remote Work Revolution

The Big Winners and Losers From the Remote Work Revolution

Most news is all about the immediate present. For instance, everything that is happening in the economy right now could be a historical anecdote in five years. But sometimes, norms change—and they sta...

17 Juni 202248min

The End of the Everything Boom (Plus: The Federal Reserve's Risky Move)

The End of the Everything Boom (Plus: The Federal Reserve's Risky Move)

This is a huge week for economic and finance news. On Wednesday afternoon, the Federal Reserve raised interest rates by 0.75 percentage points, its biggest move since 1994. Derek breaks down what this...

15 Juni 202240min

The Big Inflation FAQ: Why It’s So High, How Everyone Got It Wrong, and What's Next

The Big Inflation FAQ: Why It’s So High, How Everyone Got It Wrong, and What's Next

Inflation is the story that everybody keeps missing. In 2020, many people didn't expect inflation to rise. Wrong. In 2021, many expected inflation to be brief or "transitory." Wrong. Last month, many ...

13 Juni 202250min

California’s Elections Sent an Important Message. What Is It?

California’s Elections Sent an Important Message. What Is It?

Today’s episode is about two California elections and the message they sent to the rest of the country. In San Francisco, progressive district attorney Chesa Boudin was recalled by voters after years ...

10 Juni 202241min

Curiosity Corner: America’s Gun Dilemma, the Future of Corporate Politics, Relationship Advice, and More!

Curiosity Corner: America’s Gun Dilemma, the Future of Corporate Politics, Relationship Advice, and More!

Welcome to Curiosity Corner! In our first ever all-mailbag episode, Derek answers a Republican’s question about gun control, explains how American companies became so political, revisits a controversi...

7 Juni 202235min

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