After missing profit expectations, Walt Disney World is increasing admission prices for the second time this year while announcing layoffs.
ยท Nov 17, 2022 ยท

Disney World in Orlando says it will now be raising the price of park admission to as high as $189 per day.

The price hike comes amid CEO Bob Chapek announcing layoffs, a targeted hiring freeze, and limiting company travel as part of sweeping cost-cutting moves.

The company lost 11% of its stock price during its earnings announcement because of low profitability, particularly in its streaming service Disney+, which lost a whopping $1.5 billion this year.

Maybe people just aren't that interested in Disney's woke agenda?

Theme Park attendance was Disney's high point, as people tired of Democrat-mandated lockdowns during the pandemic flocked to the Florida Theme Park for a sunny vacation.

However, with inflation choking out folks' pocketbooks, raising the prices on your profitable venture โ€“ while simultaneously laying off people and making that experience less enjoyable for customers โ€“ seems like a good way to ensure profit loss all around.

If Disney doesn't go back to making traditional family-friendly entertainment and clear off all the woke nonsense from their platform, they'll eventually give up their business to someone willing to reach that market.

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