Disney wiped out over + $100B in value

One of the clearest brand missteps of the decade.

In 2020, Disney bet big on streaming:
— Pushed Disney+
— Cut back theaters
— Centralized creative
— Chased subs over story

At first, it worked.

Then the magic faded.

Pixar lost relevance.

Marvel got diluted.

Theme parks stalled.

Disney+ burned $ and flatlined.

Stock dropped nearly 50%.

In 2025, they reversed course:

— Theatrical returns
— Creative freedom restored
— Less content, more story

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