Disney stock has its worst year in five decades

 January 3, 2023

Last year saw some major successes for movie makers, with the patriotic "Top Gun: Maverick" smashing box office records. However, other productions were far less successful.

Disney's gay and climate change-themed Strange World was a massive flop, which is part of why the company's stock saw its worst year since President Gerald Ford was in office.  

Stock value declined by 44%

According to Breitbart, Disney's stock value declined by 44% in 2022. That represents the company's worst year since 1974 when it saw a 54% drop.

Fox News noted that Strange World represented a serious blow to Disney's bottom line, with Deadline Hollywood estimating that its failure cost the media giant $147 million.

Nor did Disney's problems end there, as in April Florida Republican Gov. Ron DeSantis signed a bill revoking the company's special tax status under Florida law.

That move came after Disney came out against the "Parental Rights in Education" bill, legislation which prohibits Florida teachers from discussing matters of sexual orientation or gender identity with students in kindergarten through third grade.

What's more, the company also received pushback last March after leaked footage showed Disney executives boasting of how "queer stories" and  "gender-nonconforming characters" are featured in children's stories.

Journalist Chris Rufo told Fox News host Tucker Carlson that Disney is "deliberately trying to take programming that goes from even ages two to seven years old and inject queerness into that programming."

Activists slam Disney for being insufficiently woke

Yet although Disney has managed to alienate some of its traditional fan base, Breitbart noted last month that the company is still being attacked by left-wing activists for being insufficiently woke.

The website reported that the Gay & Lesbian Alliance Against Defamation (GLAAD) admonished Disney in its annual LGBTQ inclusivity report card.

On one hand, GLAAD praised "Strange World" for "having a gay teen protagonist in a family film," something it called "a huge step in the right direction."

However, the organization also took issue with Disney having donated $25,000 to what it classifies as "anti-LGBTQ" politicians.

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