Disney continues to lose public support…as they should!!
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Downstream Disney Disruption
Carrie Sheffield headline: “The market has spoken: Disney should stick to entertainment instead of politics in order to stop its nosedive.”
“Disney’s now facing the wrath of Republican Missouri Sen. Josh Hawley, who wants to strip Disney of another special government carveout. Congress initially voted to set the length of a copyright to last 14 years. Over time, however, businesses with crony capitalist lobby shops, like Disney, convinced lawmakers to extend copyright protections up to 120 years.
“‘While extending copyrights has been beneficial to established businesses, it has been detrimental to startups and small businesses,’ Devin Miller, founder of Miller IP Law, told me. ‘While Josh Hawley’s motivation may be prompted by the current political atmosphere with Disney, the reduction of length of copyrights would assist startups and small businesses to better compete with established businesses, spur innovation, and increase economic development.’”
“Disney’s left-wing activism is part of a broader ecosystem of corporate executives bending to a vocal, angry and progressive mob—sometimes within their own firms and sometimes on Twitter. These corporations are backing leftist causes, thinly veiled under a label called Environmental, Social and Governance (ESG).”
“But there’s good news. Investor Vivek Ramaswamy, backed by tech founder Peter Thiel, just launched Strive Asset Management, a new fund to push backagainst ESG trends, promising investors they’d buy ‘excellent products and services,’ and not support ‘divisive political issues that fragment them as both customers and shareholders of these companies.’”
When Chasing Popularity Becomes Unpopular
Sheffield: “Disney’s turmoil comes amid findings about out-of-touch executives in a study conducted by the Brunswick Group, a management firm. Brunswick reported 63% of corporate executives ‘agree unequivocally that companies should speak out on social issues,’ but just 36% of voters agree. Brunswick said corporate execs have ‘a highlyinflated sense of how effective corporate communication has been on social issues compared to voters.’”
Daily Caller: “Majority Of Americans Want Corporations To Stop Meddling In Politics”
“Almost 90% of Americans have said they are likely to stop using a company’s product or service if it openly advocates for a political agenda they disagree with, according to a poll conducted by The Trafalgar Group and Convention of States Action.
“‘The progressive left’s insistence that everybody and everything adhere to their agenda and politics is now coming home to roost,’ said Mark Meckler, President of Convention of States Action, in an email received by The Daily Caller.
“‘When an overwhelming majority of Americans, from all political backgrounds say they are now likely to boycott companies they disagree with, it’s an indicator that regardless of what side they choose to take, this is a losing battle for the companies. Unless they want to be continuously in the middle of a culture war, it’s time for companies to leave politics and activism behind, and return to simply providing products and services to their customers.’”
Senate Opportunity Fund mused in reaction to late March polling: “Canary In The Boardroom?”
As with media, and sports figures, their sense of importance is extremely overinflated! The poll, referenced in the article, is clear on that topic. ”63% of corporate executives ‘agree unequivocally that companies should speak out on social issues,’ but just 36% of voters agree. Brunswick said corporate execs have ‘a highlyinflated sense of how effective corporate communication has been on social issues compared to voters.’” Hollyweird, media and sports figures percentage on their sense of relevance is likely higher.