mesa@piefed.social to Technology@lemmy.worldEnglish · 2 days agoDisney reportedly lost 1.7 million paid subscribers in the week after suspending Kimmelwww.engadget.comexternal-linkmessage-square53fedilinkarrow-up1774arrow-down114
arrow-up1760arrow-down1external-linkDisney reportedly lost 1.7 million paid subscribers in the week after suspending Kimmelwww.engadget.commesa@piefed.social to Technology@lemmy.worldEnglish · 2 days agomessage-square53fedilink
minus-squaretyler@programming.devlinkfedilinkEnglisharrow-up37·2 days agoIt’s noticeable when you look at the price of the subscription. That’s almost $300 million.
minus-squareJumpyWombat@lemmy.mllinkfedilinkEnglisharrow-up24arrow-down8·2 days agoCalculate the 0.6% of your wage: that’s what $300M is for them.
minus-squaretyler@programming.devlinkfedilinkEnglisharrow-up38·2 days agoThat loss affects their stock price, their future outlook, what things they choose to fund, and how much they spend on advertising and trying to recover from this PR disaster.
minus-squareJumpyWombat@lemmy.mllinkfedilinkEnglisharrow-up13arrow-down3·2 days agoI’m sure that lots of managers are having lots of meetings to discuss what happened, and that’s probably the hardest hit they had: noise. The revenues will be slightly impacted but they will hardly notice it on quarterly reports. Does that impact the company value? I don’t think so.
minus-squaresexual_tomato@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up21·2 days agoMy wage doesn’t have a cost of goods sold line item. If I take in $5b and make $5.5b in revenue, $300m is > 1/2 of my net profit
minus-squareJumpyWombat@lemmy.mllinkfedilinkEnglisharrow-up1arrow-down4·2 days agoTrue, but if you stop working your income drops to 0, while if Disney stops working, it still owns billions in assets.
It’s noticeable when you look at the price of the subscription. That’s almost $300 million.
Calculate the 0.6% of your wage: that’s what $300M is for them.
That loss affects their stock price, their future outlook, what things they choose to fund, and how much they spend on advertising and trying to recover from this PR disaster.
I’m sure that lots of managers are having lots of meetings to discuss what happened, and that’s probably the hardest hit they had: noise.
The revenues will be slightly impacted but they will hardly notice it on quarterly reports.
Does that impact the company value? I don’t think so.
My wage doesn’t have a cost of goods sold line item. If I take in $5b and make $5.5b in revenue, $300m is > 1/2 of my net profit
True, but if you stop working your income drops to 0, while if Disney stops working, it still owns billions in assets.