In an astonishing SEC filing, The Walt Disney Company made several key admissions to federal regulators and its shareholders that the media megacorporation is beginning to feel the pain of its “misalignment” with consumers.
As reported by The Daily Wire, Disney filed its SEC reporting for the end of Fiscal 2023 last week in which the corporation stated,
“We face risks relating to misalignment with public and consumer tastes and preferences for entertainment, travel and consumer products, which impact demand for our entertainment offerings and products and the profitability of any of our businesses.”
The statement continued to reflect the impact of “consumers’ perceptions of our position on matters of public interest,” reading in full:
“Generally, our revenues and profitability are adversely impacted when our entertainment offerings and products, as well as our methods to make our offerings and products available to consumers, do not achieve sufficient consumer acceptance.
Further, consumers’ perceptions of our position on matters of public interest, including our efforts to achieve certain of our environmental and social goals, often differ…
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