At one time, Disney was easily one of the most widely recognized and iconic American companies that stood for family values.
But over the years, it is clear that the once-beloved corporation has taken a much darker and more sinister turn.
And now, Disney just made a huge decision that is one of the most un-American moves ever made in its 100-year history.
Disney is outsourcing work to Canada
The Walt Disney Company is an animation icon that has created some of the most popular animated films and characters in American entertainment.
But sadly, the company is now allegedly outsourcing some of its animation to independent animators in Canada.
According to sources, the move is being made to help Disney make drastic budget cuts amid layoffs and major financial struggles.
Disney Animation Studios plans to disperse animation work on a new six-part series that will debut on Disney+ in late February called Iwaju.
A report released by The Hollywood Reporter noted that the decision marks the very first time in Disney’s 100-year history that the company has ever outsourced work to an independent studio instead of doing everything in-house.
Now, the animation for Iwaju will be done by the Canadian firm, Cinesite, which is currently working on the series at its offices in Montreal.
Disney Animation Studios is behind some of the corporation’s most popular films, including Moana, Zootopia, Big Hero Six, and Frozen, among others.
The studio is separate from the Disney-owned Pixar studio, which also makes a variety of popular animated films and series, including some for the Disney+ streaming service.
When Disney was founded by Walt and Roy O. Disney in 1923, it boasted that it was Hollywood’s premier animation studio.
The company pioneered the art of animation, creating iconic and classic characters like Bambi, Dumbo, and Snow White.
It was also home to some of Disney’s most beloved animated films including Aladdin, The Lion King, Beauty and the Beast, and The Little Mermaid.
However, Disney has seen a tumultuous past few years after several box office flops, including Strange World and Wish, both of which were a major thumbs-down for audiences.
The famous company is in trouble
As well-known corporations all over the globe continue to see massive layoffs and budget cuts, The Walt Disney Company is no exception.
Disney CEO Bob Iger called for 7,000 layoffs worldwide after the company faced dire financial problems before and during his return.
The CEO also cut spending by an eye-watering $7.5 billion, and there is an additional $2 billion in cuts coming soon.
According to a November 2023 article published by CNN, Disney’s stock was at $84 per share at the time, which was its lowest level in nearly a decade.
Since Iger returned to take the helm of the beleaguered company, Disney continues to struggle, while its competitors, Comcast and Warner Bros. Discovery, were both up for the end of the fiscal year 2023.
While some people may blame the company’s difficulties on the economy, others believe it is because Disney has lost its way with its core audience.
DeSantis Daily will keep you up-to-date on any developments to this ongoing story.
