It is estimated that Walt Disney Co. has lost an impressive $890 million over its last eight studio releases, inclusive The Little Mermaid i elementalaccording to a box office analyst.
Disney could see even more red ink, as all of these titles are destined for the Disney+ streaming service instead of other streamers, such as Netflix or Amazon Prime Video, where they could generate additional revenue.
The YouTube box office analyst known as Valliant Renegade made his case in a recent video in which he estimated that many Disney blockbusters actually lost money or barely broke even during their theatrical runs despite the media spun them as hits.
They include Black Panther: Wakanda Forever, Thor: Love and Thunder, Ant-man and the Wasp: Quantumaniai Guardians of the Galaxy, Vol. 3.
Two of the titles were blatantly bombshells… Strange World i light year – while two others are still in theaters, The Little Mermaid i elemental.
Disney could have another bomb on its hands in the form of Indiana Jones and the Dial of Destiny, which opens on Friday. The fifth installment of the franchise has received scathing reviews since its premiere at the Cannes Film Festival.
The analysis omits Avatar: The Way of Water as it was financed by James Cameron’s Lightstorm Entertainment prior to Disney’s acquisition of 20th Century Fox.
Valliant Renegade estimated that Disney could lose $1 billion in potential revenue due to older titles going to Disney+.
“This can’t last forever. It’s just plain numbers, folks,” Valliant Renegade said in the video. “That’s where we are. The Walt Disney Company is just making all the wrong decisions not only creatively, but in distribution channels as well.”
Disney is facing an unprecedented financial crisis with CEO Bob Iger trying to cut $5.5 billion in spending, including dismissal 7,000 workers worldwide.
The layoffs come after a disastrous 2022 which saw Disney’s stock plummet 44 percent, its worst year in nearly five decades. Former CEO Bob Chapek was abruptly fired in November after his latest quarterly report.
Disney’s financial woes come as the company increasingly embraces transgenderism, critical race theory and other forms of wry politics in its children’s entertainment.
Pixar’s elementalwhich had the worst opening of any film in Pixar history, including the studio’s “non-binary” character of the first gender in a film released in theaters.
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