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The Premier Strategy Is Cutting Costs and Laying Off People
Disney has cut its streaming costs by almost half a billion dollars. They've cut 7,000 jobs and beat revenue expectations because post-COVID people don't want to be in their homes watching Disney Plus or Hulu. People are waking up to the fact that going to Disneyland is about a billion times more rewarding than watching Disney Plus all day long. What's saving their ass right now? An in-person wonderful experience with others called the parks.