WEBVTT 00:00:00.000 --> 00:00:02.359 I beg you, please don't listen to people who 00:00:02.359 --> 00:00:05.280 can't read financial reports when they opine 00:00:05.280 --> 00:00:09.660 about things. Popular Star Wars YouTuber Star 00:00:09.660 --> 00:00:13.279 Wars Theory opined today on the decrease in Disney 00:00:13.279 --> 00:00:16.280 Plus subscriptions attributing it to people want 00:00:16.280 --> 00:00:19.000 better media where politics isn't the main focus 00:00:19.000 --> 00:00:22.440 and just straight up, right out the gate, he's 00:00:22.440 --> 00:00:28.059 just fucking wrong, okay, for multiple reasons. 00:00:28.239 --> 00:00:30.120 But we're going to talk about that in a second. 00:00:31.120 --> 00:00:35.119 It's a bunch of crap. Brought about by people 00:00:35.119 --> 00:00:39.520 who, no matter what is happening with a company 00:00:39.520 --> 00:00:42.100 that they're upset with, will always find something 00:00:42.100 --> 00:00:49.299 to bitch about, right? Yeah, straight up. Let's 00:00:49.299 --> 00:00:52.259 start with with the facts, OK, because that's 00:00:52.259 --> 00:00:54.759 really where I want to go. If you're going to 00:00:54.759 --> 00:00:57.560 attempt to attribute politics to a Disney Plus 00:00:57.560 --> 00:01:00.719 subscriber decrease, and I'm going back to the 00:01:00.719 --> 00:01:03.340 subscriber numbers, because what I did after 00:01:03.340 --> 00:01:05.659 I read it was I was like, oh, you know what I 00:01:05.659 --> 00:01:09.420 should do? I should go back and look at the financial 00:01:09.420 --> 00:01:12.439 report, right? Because it got released. By the 00:01:12.439 --> 00:01:16.900 way, Disney stocks up, Jay. It's up. Oh, nice. 00:01:17.180 --> 00:01:21.140 OK, so let's talk about what the report actually 00:01:21.140 --> 00:01:27.200 says. Compared to the quarter previous domestic 00:01:27.200 --> 00:01:31.760 subscriptions actually went up Also one of my 00:01:31.760 --> 00:01:33.260 favorite youtubers. He was trying to attribute 00:01:33.260 --> 00:01:37.040 it to the to the price increase again domestic 00:01:37.040 --> 00:01:44.900 subscribers was up 800 ,000 subs Okay, so they 00:01:44.900 --> 00:01:47.480 increased the price and made that content and 00:01:47.480 --> 00:01:50.519 they got more the decreases in the international 00:01:50.519 --> 00:01:58.340 market Okay And they have a note about it. This 00:01:58.340 --> 00:02:00.519 includes Disney Plus subscribers in Southeast 00:02:00.519 --> 00:02:02.840 Asia, which were previously reported with a Disney 00:02:02.840 --> 00:02:05.760 Plus Hotstar deal. Hotstar is a huge network 00:02:05.760 --> 00:02:08.419 that is big in like India, Pakistan, all over 00:02:08.419 --> 00:02:11.520 Asia. Disney Plus Hotstar is no longer presented 00:02:11.520 --> 00:02:14.300 as this business was included in the Star India 00:02:14.300 --> 00:02:16.479 transaction. They did a big transaction with 00:02:16.479 --> 00:02:18.840 all the stuff they're doing with their overseas 00:02:18.840 --> 00:02:23.590 holdings. Right. So again, Domestic subscribers 00:02:23.590 --> 00:02:27.830 went up 800 ,000 over the quarter. So I don't 00:02:27.830 --> 00:02:31.150 know what, I don't know what people are talking 00:02:31.150 --> 00:02:33.849 about. It's not politics. It's not the price 00:02:33.849 --> 00:02:37.870 increase. People find value in Disney Plus, right? 00:02:38.770 --> 00:02:41.930 Maybe don't opine on it. If you don't know what 00:02:41.930 --> 00:02:44.650 the fuck you're talking, go and read the financial 00:02:44.650 --> 00:02:50.789 report. Jay, what are your thoughts? Uh, damn. 00:02:51.500 --> 00:02:56.319 Um, as someone who has recently canceled their 00:02:56.319 --> 00:03:00.099 Disney plus and then reactivated it, um, just 00:03:00.099 --> 00:03:05.139 like a week later, no, um, yeah, a hundred percent 00:03:05.139 --> 00:03:12.840 agree. I, so we're, we're in the age of trying 00:03:12.840 --> 00:03:18.280 to get views. So I feel like we're, you know, 00:03:18.539 --> 00:03:22.039 YouTubers out there, you darn. Fucking youtubers 00:03:22.039 --> 00:03:26.060 They're creating topics. They're creating like 00:03:26.060 --> 00:03:29.520 catchy little headlines To try to get you to 00:03:29.520 --> 00:03:32.080 like click on their video to watch their video 00:03:32.080 --> 00:03:36.819 So like politics is a hot topic right now anything 00:03:36.819 --> 00:03:40.719 anti like woke anti DEI is like hot right now 00:03:40.719 --> 00:03:44.180 and I think we just live in a world of fake shit 00:03:44.180 --> 00:03:46.560 So like honestly like I think nine times out 00:03:46.560 --> 00:03:48.219 of ten if you see something online, you're gonna 00:03:48.219 --> 00:03:50.699 have to do your own research and look into it 00:03:50.599 --> 00:03:57.379 to verify if it's real or not. So. Yeah, I don't 00:03:57.379 --> 00:04:03.960 I don't know. Is there any practical way? Because 00:04:03.960 --> 00:04:05.599 the problem that I'm seeing, we're going to talk 00:04:05.599 --> 00:04:08.560 about this in a segment further down when we 00:04:08.560 --> 00:04:11.259 get into politics, like deep into politics, which 00:04:11.259 --> 00:04:13.860 we're going to do like segment two or three six 00:04:13.860 --> 00:04:22.009 inches deep and right. Something deep. What I've 00:04:22.009 --> 00:04:24.829 noticed over this last couple of weeks, more 00:04:24.829 --> 00:04:26.850 so than I used to notice it, but I notice it 00:04:26.850 --> 00:04:31.310 more now, is that someone will post something, 00:04:31.750 --> 00:04:34.889 right? They'll say, this is a thing, and they'll 00:04:34.889 --> 00:04:42.629 state it as fact, right? And they just get away 00:04:42.629 --> 00:04:46.829 with it, even though it's absolute BS, right? 00:04:47.040 --> 00:04:50.180 Like the whole USAID stuff again, we'll talk 00:04:50.180 --> 00:04:53.600 about that in a future segment Like people are 00:04:53.600 --> 00:04:56.399 stating things like it just happened and I'm 00:04:56.399 --> 00:05:03.379 like dude that that that's not real Like Disney's 00:05:03.379 --> 00:05:06.360 domestic subscribers went up and their their 00:05:06.360 --> 00:05:08.939 amount of money they made per subscriber went 00:05:08.939 --> 00:05:19.189 up Right Like So you're trying to crap on them. 00:05:19.889 --> 00:05:22.009 And maybe that's my other problem. There's a 00:05:22.009 --> 00:05:24.209 lot of ways you can crap on mega corporations. 00:05:24.410 --> 00:05:28.569 And Lord knows I love to. But can we not make 00:05:28.569 --> 00:05:34.589 shit up? Is there any way to fix that? Do you 00:05:34.589 --> 00:05:36.089 think there's any way to get around that, Jay? 00:05:36.189 --> 00:05:39.709 Or are we fucking screwed? Or if somebody with 00:05:39.709 --> 00:05:42.069 a big enough following just says something, everybody 00:05:42.069 --> 00:05:44.329 takes it as gospel without looking into it at 00:05:44.329 --> 00:05:49.540 all. I mean, fuck, I think we're, uh, we're at 00:05:49.540 --> 00:05:51.600 least like fucked for the next, like, I would 00:05:51.600 --> 00:05:55.959 say four years because, you know, Facebook literally 00:05:55.959 --> 00:06:00.160 just undid their fact checking. Um, not saying 00:06:00.160 --> 00:06:06.939 it was probably perfect, but yeah, I, I don't 00:06:06.939 --> 00:06:10.980 know where we're kind of fucked. Um, cause I 00:06:10.980 --> 00:06:15.350 would say it's probably it's impossible to fact 00:06:15.350 --> 00:06:19.269 -check everything all the time and then you also 00:06:19.269 --> 00:06:21.970 have like people questioning freedom of speech 00:06:21.970 --> 00:06:25.189 like well you know Alex should be able to just 00:06:25.189 --> 00:06:27.470 to make a YouTube video where he just lies his 00:06:27.470 --> 00:06:30.810 ass off like 80 % of the time like that's his 00:06:30.810 --> 00:06:33.670 right for freedom of speech I don't really know 00:06:33.670 --> 00:06:37.639 but Yeah, they were just kind of fucked like 00:06:37.639 --> 00:06:40.879 you really need like a culture mind shift change 00:06:40.879 --> 00:06:44.839 however, I will say like the generation behind 00:06:44.839 --> 00:06:49.160 us is really tied into their heroes I think we 00:06:49.160 --> 00:06:51.279 covered this a few weeks ago like their heroes 00:06:51.279 --> 00:06:53.819 are not like Athletes or anything like that. 00:06:53.860 --> 00:06:56.500 They're content creators. They're they're getting 00:06:56.500 --> 00:06:59.860 their news from content creators. They're Looking 00:06:59.860 --> 00:07:02.079 at like what they should buy from content creators. 00:07:02.139 --> 00:07:10.410 So Yeah, I think they were kind of fucked I don't 00:07:10.410 --> 00:07:15.370 know I had to be dark like glue again Yeah, like 00:07:15.370 --> 00:07:17.829 if you're gonna look if you guys come across 00:07:17.829 --> 00:07:20.189 anything like that, and you're one of our viewers 00:07:20.189 --> 00:07:23.230 Shoot it to us in our discord server. I'd be 00:07:23.230 --> 00:07:26.329 happy to add it as a topic I will look into it 00:07:26.329 --> 00:07:28.410 right and here's the other thing that Jay and 00:07:28.410 --> 00:07:31.310 I both know how to do read a financial document 00:07:31.310 --> 00:07:34.790 right Walt Disney is a publicly traded company 00:07:34.790 --> 00:07:36.790 and Jay, chime in here if I get any of this wrong. 00:07:37.370 --> 00:07:41.449 They're required by law to submit financial documents 00:07:41.449 --> 00:07:43.490 every single quarter and then they submit what's 00:07:43.490 --> 00:07:50.110 called a 10K once a year, right? It is a federal 00:07:50.110 --> 00:07:53.149 law. They have to submit it. They can't lie, 00:07:53.709 --> 00:07:56.910 right? There is a process and a procedure and 00:07:56.910 --> 00:07:58.990 there's gap accounting and things like that. 00:07:59.259 --> 00:08:01.879 to make sure that they're not lying to their 00:08:01.879 --> 00:08:05.100 shareholders because it's a publicly traded corporation. 00:08:06.000 --> 00:08:09.920 Right. And believe it or not, and I'm actually 00:08:09.920 --> 00:08:11.279 going to tell you guys this, and I think Jay 00:08:11.279 --> 00:08:13.660 will back me up. Once you kind of get the basics 00:08:13.660 --> 00:08:21.300 down, it's not hard to read these. They're very 00:08:21.300 --> 00:08:29.500 digestible. Yeah. Right. I think like. The biggest 00:08:29.500 --> 00:08:34.279 thing if you're Because you're gonna you're gonna 00:08:34.279 --> 00:08:37.840 see pages and pages and pages of just numbers 00:08:37.840 --> 00:08:40.980 And you're probably gonna be wondering like is 00:08:40.980 --> 00:08:44.220 this good, you know like compared to other companies 00:08:44.220 --> 00:08:48.340 so My only advice is that there are like key 00:08:48.340 --> 00:08:51.840 financial ratios out there of like, you know 00:08:51.840 --> 00:08:57.809 What is good? So like Debt to revenue ratio or 00:08:57.809 --> 00:09:01.970 whatever earnings per share Yeah, you can Google 00:09:01.970 --> 00:09:04.590 those pull those up have those on the side kind 00:09:04.590 --> 00:09:08.929 of do these ratios for your own kind of research 00:09:08.929 --> 00:09:11.289 and then compare it to other companies to see 00:09:11.289 --> 00:09:15.690 like what is good for Like this market like what's 00:09:15.690 --> 00:09:18.789 the industry standard for this market? but yeah, 00:09:18.889 --> 00:09:20.330 other than that, like if you're just kind of 00:09:20.330 --> 00:09:23.500 curious like especially nonprofits, like if you're 00:09:23.500 --> 00:09:28.480 curious on how much a nonprofit, like how much 00:09:28.480 --> 00:09:30.700 percentage is going to salaries and stuff, you 00:09:30.700 --> 00:09:32.879 can easily pull that up and just look at it. 00:09:33.559 --> 00:09:38.340 So. Yeah. And here's the thing, fact check us 00:09:38.340 --> 00:09:41.539 fucking fact check us. Right. If you see something 00:09:41.539 --> 00:09:43.840 we put out there and you think it's wrong, come 00:09:43.840 --> 00:09:46.679 tell me why you think it's fucking wrong. I'm 00:09:46.679 --> 00:09:50.840 happy to listen. Right. We will get shit wrong. 00:09:50.919 --> 00:09:53.580 For sure. I've gotten shit wrong in the past. 00:09:54.039 --> 00:09:56.659 It happens. And again, go read the financial 00:09:56.659 --> 00:09:59.779 documents, right? There's some stuff, right? 00:10:00.120 --> 00:10:02.639 Highlights, other highlights from Disney stuff 00:10:02.639 --> 00:10:06.639 is that Moana really helped him out at the end 00:10:06.639 --> 00:10:09.539 of the year, that fourth quarter. Hoo boy. Moana 00:10:09.539 --> 00:10:15.139 made buttloads of money for them. What did they 00:10:15.139 --> 00:10:17.179 end up making at the box office? It's over a 00:10:17.179 --> 00:10:19.500 billion now. Yep Moana cost the billion mark 00:10:19.500 --> 00:10:21.759 a while ago They're just over a billion dollars 00:10:21.759 --> 00:10:28.159 worldwide On Moana to They made a lot of money 00:10:28.159 --> 00:10:30.059 last year they did really well and Disney stock 00:10:30.059 --> 00:10:33.299 is up as a result Right is they're going look 00:10:33.299 --> 00:10:35.639 we made all this money last year We're one of 00:10:35.639 --> 00:10:37.639 the only companies that had multiple billion 00:10:37.639 --> 00:10:40.559 dollar films But I think they were the only company 00:10:40.559 --> 00:10:42.919 that had multiple billion dollar films. They 00:10:42.919 --> 00:10:47.470 had three Last year, right because they had inside 00:10:47.470 --> 00:10:53.110 out to Deadpool and Wolverine and Moana to You 00:10:53.110 --> 00:10:54.690 could again and you can find some interesting 00:10:54.690 --> 00:10:57.049 stuff in there they spent a lot of money this 00:10:57.049 --> 00:10:59.850 year upgrading their parks They were like, hey, 00:11:00.149 --> 00:11:01.590 we're going to invest money in our parks and 00:11:01.590 --> 00:11:05.190 we're gonna spend a crap ton Right, but like 00:11:05.190 --> 00:11:07.350 they have to put down how much cash they have 00:11:07.350 --> 00:11:12.990 in the bank Right, like it's it's the law Like 00:11:12.990 --> 00:11:21.779 right now I know. That they have. Six billion 00:11:21.779 --> 00:11:26.720 in cash. Right now, that that's what they have 00:11:26.720 --> 00:11:30.700 in the bank. Right at the beginning of the period 00:11:30.700 --> 00:11:32.580 and at the end, they had five point five billion 00:11:32.580 --> 00:11:38.100 in cash, right? Yeah, Disney did well, so don't 00:11:38.100 --> 00:11:40.240 listen, don't listen to people like that. Okay? 00:11:40.919 --> 00:11:42.840 Let us know what you think. Is there any way 00:11:42.840 --> 00:11:45.759 to fix this goddamn misinformation and these 00:11:45.759 --> 00:11:47.399 people just popping off not knowing what the 00:11:47.399 --> 00:11:49.480 hell they're talking about? Or are we just screwed 00:11:49.480 --> 00:11:52.080 like Jay thinks? Let us know down in the comments 00:11:52.080 --> 00:11:52.639 below.