Date-22 Nov 2022
By Mahender
Image-twitter/@RobertIger
Image-twitter/@RobertIger
Kevin Feige, who runs Marvel Studios, even though they were not informed this is how high up this decision was made
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And essentially what's happening is, due to the analysis of what happened with the last earnings
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call that happened in early November, it was pretty much all eyes on him because profits were down
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Again, that was to be expected. But it's not just that. It's that he himself
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was touching upon cost-cutting measures during the call and saying that there would also be more cost-cutting measures,
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including hiring freezes and major layoffs and setbacks and cutbacks to multiple divisions
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And if you guys go look at the history and what happened with the stocks after
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– the last Disney investors call where he said more cutbacks and all that andless money spent on this and less money
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spent on that, and major setbacks to theme parks and everything like that