Recent reports from a box office analyst suggest that The Walt Disney Co. has encountered significant financial losses, estimated at a staggering $890 million, across its last eight studio releases, which include titles such as The Little Mermaid and Elemental.
From Breitbart:
Disney could see even more red ink since these titles are all destined for the Disney+ streaming service instead of other streamers, like Netflix or Amazon Prime Video, where they could generate additional revenue.
The YouTube box office analyst known as Valliant Renegade laid out his argument 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 news media spinning them as hits.
They include Black Panther: Wakanda Forever, Thor: Love and Thunder, Ant-man and the Wasp: Quantumania, and Guardians of the Galaxy, Vol. 3.
Two of the titles were outright bombs — Strange World and Lightyear — while two others are still in theaters, The Little Mermaid and Elemental.
Disney could have another bomb on its hands in the form of Indiana Jones and the Dial of Destiny, which opens Friday. The fifth installment in the franchise has received scathing reviews since premiering at the Cannes Film Festival.
The analysis omits Avatar: The Way of Water since it was financed by James Cameron’s Lightstorm Entertainment before Disney’s acquisition of 20th Century Fox.
In recent years, there has been a noticeable decline in the overall quality of content coming from Disney.
It appears that the focus of their films has shifted towards delivering a social message rather than prioritizing pure entertainment value.
However, it's important to note that this trend is not exclusive to Disney alone but seems to encompass a significant portion of the entire Hollywood industry.
