Morning Wire Disney’s Downturn & Biden Whistleblower Charges | 7.12.23
Jul 12, 2023
Disney theme parks are facing a surprising attendance crisis, with significant drops in visitor numbers linked to rising prices and changing consumer sentiments. Meanwhile, a man has been charged for allegedly trying to expose corruption related to the Biden family, stirring political tensions. In the Northeast, unprecedented flooding wreaks havoc due to record rainfall, while the Southwest endures extreme heat, stifling outdoor activities. These topics reveal the intertwining of entertainment, politics, and climate challenges shaping current events.
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Disney's Declining Attendance
- Disney park attendance is down, impacting their main revenue source.
- This downturn is attributed to price hikes, a weakened economy, and Disney's political involvement.
Disney's Pricing Strategy
- Disney's former CEO, Bob Chapek, increased ticket prices and added charges for previously free amenities.
- Current CEO, Bob Iger, admitted the pricing strategy may have alienated customers.
Disney's Inclusivity Initiatives
- Disney's shift towards more inclusive practices has been met with criticism from the right.
- This includes inclusive hairstyles, tattoos for employees, and male employees in traditionally female roles.