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Disney’s expenditure highlights the broader issue: they’ve spent tens of billions acquiring other companies and producing high-budget projects, yet many of those investments flounder. For instance, Disney spent approximately $30 billion on Hulu, which was already profitable before acquisition, and over $72 billion on 21st Century Fox, with only a small stake in Hulu actually controlled outright. Meanwhile, their streaming revenue is muddled, as bundling and accounting practices obscure true profitability. The result? An ongoing cycle of adding billions in debt—trying to buoy the sinking ship—while core divisions like animation, Marvel, and Star Wars consistently underperform at the box office and on streaming.