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More Comes to Light About “Crippling” Condition of Disney’s Rival

warner bros disney
Images Credit: Warner Bros. Discovery

Despite all the criticism thrown at Disney, the Mouse House is not doing too terribly… one of its main rivals, on the other hand, is not looking too good at the moment.

For a few years now, particularly towards the end of former Disney CEO Bob Chapek’s tenure, the Walt Disney Company faced a lot of criticism and was under a lot of scrutiny for its business decisions and strategies. In particular, a lot of Disney’s decisions in relation to their entertainment business—be that its movies or the streaming platform—have been called into question.

However, despite all of the issues Disney has faced, one company appears to be in much worse shape than the Mouse House. And it’s one of the most significant studios in Hollywood.

Barbie Movie

A still from the Barbie movie / Credit: Warner Bros. Discovery

Lawyer Investor Sheds Light on Warner Bros.’s Financial Situation

The studio in question is Warner Bros. Discovery, and word on the street is the company si not doing too well at all.

Lawyer investor Sean Nyberg explained, “The “Coyote vs Acme” situation at Warner Bros sucks for the creatives who work not just for paychecks, but for the passion of entertaining audiences. This is a clear example of how bad things are at WBD. I don’t think folks on Twitter truly grasp the situation.” 

Nyberg added, “Warner Bros has the highest grossing movie of the year (Barbie) and still their finances are so backwards that they have to dump completed projects for moderate tax breaks. This company is NOT well. It saw its worst single-day stock drop earlier this week.”

He further explained that Warner Bros. Discovery currently has crippling debt, their main assets (linear networks) are in decline, and their streaming service, Max, has been an “identity-confusing mess.”

Unlike Disney, its competitor, the company also has no other significant streams of revenue like theme parks and cruise lines or broadband cable like Disney and Universal, respectively.

Warner Bros. Studios

Warner Bros. Studios / Credit: Wikimedia Commons

Fans in the comments all agreed it was a shame how Warner Bros. seemingly had not been given a chance to succeed. One explained, “It’s really a shame how poorly run WB has been for years, HBO has such great shows. And DC has such iconic characters, it could be so much better.”

On the other hand, while many have been criticizing Disney for all this time, one fan spoke out in defense of Disney, pointing out, “People like to say Disney is in disarray but I can at least expect 1-3 films a year from them being successful, I can expect Disney+ to grow (even if slowly), I can expect visitors to theme parks/cruises, ESPN is always reliable, ABC News doing great. WBD, however, the opposite.”

It is worth noting that while Disney has faced a fair number of challenges this year, it’s also seen some victories. In fact, Disney CEO Bob Iger also feels optimistic about the “new era of building” after the massive layoffs and restructuring the company has seen.

Read More: After Firing 4,000 Employees and Canceling 3,000 Jobs, Bob Iger Declares “New Era” for Disney

While only time will tell what is coming for both Warner Bros. Discovery and the Walt Disney Company, there are many interested parties who are going to be watching with bated breath.

About Priyanka Kumar

Priyanka is a writer, artist, avid reader, and travel enthusiast based in Chicago. In her free time, she is probably walking by the lake, catching up on the latest releases on TV, or spending inordinate amounts of time rewatching Moana, Encanto, and her Disney Channel life-long favorites Zack and Cody wreak havoc on the Tipton.

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