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The Walt Disney Company isn’t out of the woods yet in its effort to reverse its financial troubles, with a prominent firm downgrading the company’s stock this week citing continued troubles at Disney theme parks, once the company’s most reliable revenue-generating division.
Households hammered by record-high consumer prices under the Kamala Harris and Joe Biden administration are cutting back on non-essential spending, like pricey vacations.when it said that its “Experiences” division — which includes theme parks, cruise ships, and other live entertainment offerings — will see a decline in income in the next few quarters.
Disney parks have long been a reliable cash cow thanks to middle and working class American families — many of whom save up for years to afford the expensive trip. But under the Biden-Harris administration, consumer prices have risen to record levels, forcing families to slash spending in order to pay for groceries, rent, and insurance.an estimated 300 corporate-level jobs — all in the U.S., with multiple divisions impacted, including legal, human resources, finance, and communications.
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