According to box office experts, The Walt Disney Co. is projected to have lost a staggering $890 million on its most recent eight studio films, which include The Little Mermaid and Elemental.
Due to the fact that none of these films will be available on Netflix or Amazon Prime Video, where they may have brought in more money, Disney may see even larger losses.
In a recent video, the YouTube box office expert known as Valliant Renegade put out his case, estimating that despite the mainstream media portraying many Disney films as successes, many really lost money or just barely broke even throughout their theatrical runs.
The Little Mermaid and Elemental are still playing in theaters, but Strange World and Lightyear were complete flops.
With the release of Indiana Jones along with the Dial of Destiny this week, Disney may have another catastrophe on its hands. Since its Cannes Film Festival debut, the franchise’s fifth entry has drawn negative reviews.
Avatar: The Way of Water is not included in the analysis because it was funded by James Cameron’s Lightstorm Entertainment prior to Disney’s purchase of 20th Century Fox.
Since the aforementioned films would be available on Disney+, Valliant Renegade predicted that Disney may lose a staggering $1 billion in potential income.
“That can’t continue indefinitely. Folks, it’s really easy math,” remarked Valliant Renegade in the video. “We are there. The Walt Disney Company just keeps making all the wrong choices, both creatively and in terms of the channels of distribution.”
With CEO Bob Iger aiming to cut $5.5 billion in expenditures, including firing 7,000 people globally, Disney is in an unheard-of financial crisis.
The layoffs follow a terrible 2022 in which Disney stock fell 44 percent, making it the company’s worst year in over five decades. Following his final quarterly report in November, the former CEO Bob Chapek was unexpectedly let go.
Disney’s financial difficulties coincide with the company’s growing acceptance of transgenderism, critical race theory, as well as other awakened politics in its kid-friendly entertainment.
Elemental, the studio’s first gender “non-binary” character in a theatrical release, had the poorest start of any Pixar film in history.