In one of his final interviews, Charlie Munger described Disney's decline as a 'bloodbath' following its past dominance. He highlighted the waning influence of ESPN, Disney's stock falling nearly 60% from its 2021 peak, and the overall struggles in the streaming market. Munger, pointing out early signs of trouble, warned that the movie industry is a brutal business and chose to stay away from its complexities. He reminded that Disney's successful period was genuine, but triumph is not everlasting.
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00:00Disney once owned the world. Charlie Munger called what came after a bloodbath. In one of
00:04his final interviews before his passing, Munger didn't hold back. Streaming struggles. ESPN no
00:10longer the powerhouse it was. Disney's stock is down nearly 60% from its 2021 peak. Munger saw
00:15the cracks before many admitted they were there. He called the movie business a brutal place to
00:19make money, avoided it entirely, said he wanted nothing to do with the agents, the lawyers,
00:24or the chaos of Hollywood. Disney's glory days were real, but as Munger put it,
00:27triumph doesn't last forever. Welcome to human life. Follow Benzinga for more stories on wealth,
00:33risk, and the hard truth behind big investments.