Disney CEO Bob Iger hinted this month that he might sell some of the company’s cable channels on the heels of thousands of layoffs across the business’s empire. Its stock has fallen by more than half in the past two years, and its streaming service is losing billions of dollars annually.
There’s no question that streaming has disrupted the economics of the TV and film industries, but Disney’s forthcoming live-action remake of the 1937 animated classic “Snow White” illustrates another business problem: Disney has elevated progressive pieties over originality and tradition, which may be alienating its customer base.
