I beg you, please don't listen to people who
can't read financial reports when they opine
about things. Popular Star Wars YouTuber Star
Wars Theory opined today on the decrease in Disney
Plus subscriptions attributing it to people want
better media where politics isn't the main focus
and just straight up, right out the gate, he's
just fucking wrong, okay, for multiple reasons.
But we're going to talk about that in a second.
It's a bunch of crap. Brought about by people
who, no matter what is happening with a company
that they're upset with, will always find something
to bitch about, right? Yeah, straight up. Let's
start with with the facts, OK, because that's
really where I want to go. If you're going to
attempt to attribute politics to a Disney Plus
subscriber decrease, and I'm going back to the
subscriber numbers, because what I did after
I read it was I was like, oh, you know what I
should do? I should go back and look at the financial
report, right? Because it got released. By the
way, Disney stocks up, Jay. It's up. Oh, nice.
OK, so let's talk about what the report actually
says. Compared to the quarter previous domestic
subscriptions actually went up Also one of my
favorite youtubers. He was trying to attribute
it to the to the price increase again domestic
subscribers was up 800 ,000 subs Okay, so they
increased the price and made that content and
they got more the decreases in the international
market Okay And they have a note about it. This
includes Disney Plus subscribers in Southeast
Asia, which were previously reported with a Disney
Plus Hotstar deal. Hotstar is a huge network
that is big in like India, Pakistan, all over
Asia. Disney Plus Hotstar is no longer presented
as this business was included in the Star India
transaction. They did a big transaction with
all the stuff they're doing with their overseas
holdings. Right. So again, Domestic subscribers
went up 800 ,000 over the quarter. So I don't
know what, I don't know what people are talking
about. It's not politics. It's not the price
increase. People find value in Disney Plus, right?
Maybe don't opine on it. If you don't know what
the fuck you're talking, go and read the financial
report. Jay, what are your thoughts? Uh, damn.
Um, as someone who has recently canceled their
Disney plus and then reactivated it, um, just
like a week later, no, um, yeah, a hundred percent
agree. I, so we're, we're in the age of trying
to get views. So I feel like we're, you know,
YouTubers out there, you darn. Fucking youtubers
They're creating topics. They're creating like
catchy little headlines To try to get you to
like click on their video to watch their video
So like politics is a hot topic right now anything
anti like woke anti DEI is like hot right now
and I think we just live in a world of fake shit
So like honestly like I think nine times out
of ten if you see something online, you're gonna
have to do your own research and look into it
to verify if it's real or not. So. Yeah, I don't
I don't know. Is there any practical way? Because
the problem that I'm seeing, we're going to talk
about this in a segment further down when we
get into politics, like deep into politics, which
we're going to do like segment two or three six
inches deep and right. Something deep. What I've
noticed over this last couple of weeks, more
so than I used to notice it, but I notice it
more now, is that someone will post something,
right? They'll say, this is a thing, and they'll
state it as fact, right? And they just get away
with it, even though it's absolute BS, right?
Like the whole USAID stuff again, we'll talk
about that in a future segment Like people are
stating things like it just happened and I'm
like dude that that that's not real Like Disney's
domestic subscribers went up and their their
amount of money they made per subscriber went
up Right Like So you're trying to crap on them.
And maybe that's my other problem. There's a
lot of ways you can crap on mega corporations.
And Lord knows I love to. But can we not make
shit up? Is there any way to fix that? Do you
think there's any way to get around that, Jay?
Or are we fucking screwed? Or if somebody with
a big enough following just says something, everybody
takes it as gospel without looking into it at
all. I mean, fuck, I think we're, uh, we're at
least like fucked for the next, like, I would
say four years because, you know, Facebook literally
just undid their fact checking. Um, not saying
it was probably perfect, but yeah, I, I don't
know where we're kind of fucked. Um, cause I
would say it's probably it's impossible to fact
-check everything all the time and then you also
have like people questioning freedom of speech
like well you know Alex should be able to just
to make a YouTube video where he just lies his
ass off like 80 % of the time like that's his
right for freedom of speech I don't really know
but Yeah, they were just kind of fucked like
you really need like a culture mind shift change
however, I will say like the generation behind
us is really tied into their heroes I think we
covered this a few weeks ago like their heroes
are not like Athletes or anything like that.
They're content creators. They're they're getting
their news from content creators. They're Looking
at like what they should buy from content creators.
So Yeah, I think they were kind of fucked I don't
know I had to be dark like glue again Yeah, like
if you're gonna look if you guys come across
anything like that, and you're one of our viewers
Shoot it to us in our discord server. I'd be
happy to add it as a topic I will look into it
right and here's the other thing that Jay and
I both know how to do read a financial document
right Walt Disney is a publicly traded company
and Jay, chime in here if I get any of this wrong.
They're required by law to submit financial documents
every single quarter and then they submit what's
called a 10K once a year, right? It is a federal
law. They have to submit it. They can't lie,
right? There is a process and a procedure and
there's gap accounting and things like that.
to make sure that they're not lying to their
shareholders because it's a publicly traded corporation.
Right. And believe it or not, and I'm actually
going to tell you guys this, and I think Jay
will back me up. Once you kind of get the basics
down, it's not hard to read these. They're very
digestible. Yeah. Right. I think like. The biggest
thing if you're Because you're gonna you're gonna
see pages and pages and pages of just numbers
And you're probably gonna be wondering like is
this good, you know like compared to other companies
so My only advice is that there are like key
financial ratios out there of like, you know
What is good? So like Debt to revenue ratio or
whatever earnings per share Yeah, you can Google
those pull those up have those on the side kind
of do these ratios for your own kind of research
and then compare it to other companies to see
like what is good for Like this market like what's
the industry standard for this market? but yeah,
other than that, like if you're just kind of
curious like especially nonprofits, like if you're
curious on how much a nonprofit, like how much
percentage is going to salaries and stuff, you
can easily pull that up and just look at it.
So. Yeah. And here's the thing, fact check us
fucking fact check us. Right. If you see something
we put out there and you think it's wrong, come
tell me why you think it's fucking wrong. I'm
happy to listen. Right. We will get shit wrong.
For sure. I've gotten shit wrong in the past.
It happens. And again, go read the financial
documents, right? There's some stuff, right?
Highlights, other highlights from Disney stuff
is that Moana really helped him out at the end
of the year, that fourth quarter. Hoo boy. Moana
made buttloads of money for them. What did they
end up making at the box office? It's over a
billion now. Yep Moana cost the billion mark
a while ago They're just over a billion dollars
worldwide On Moana to They made a lot of money
last year they did really well and Disney stock
is up as a result Right is they're going look
we made all this money last year We're one of
the only companies that had multiple billion
dollar films But I think they were the only company
that had multiple billion dollar films. They
had three Last year, right because they had inside
out to Deadpool and Wolverine and Moana to You
could again and you can find some interesting
stuff in there they spent a lot of money this
year upgrading their parks They were like, hey,
we're going to invest money in our parks and
we're gonna spend a crap ton Right, but like
they have to put down how much cash they have
in the bank Right, like it's it's the law Like
right now I know. That they have. Six billion
in cash. Right now, that that's what they have
in the bank. Right at the beginning of the period
and at the end, they had five point five billion
in cash, right? Yeah, Disney did well, so don't
listen, don't listen to people like that. Okay?
Let us know what you think. Is there any way
to fix this goddamn misinformation and these
people just popping off not knowing what the
hell they're talking about? Or are we just screwed
like Jay thinks? Let us know down in the comments
below.