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"The studio has had a tremendous run over the past decade, perhaps the greatest run that any studio has ever had, with multiple billion dollar hits… that said, the performance of some of our recent films has definitely been disappointing and we don't take that lightly," said Disney CEO Bob Iger during the company's ...

Why are Disney movies not doing well?

The reasons behind Disney's bad box office run might seem obvious, such as how cinemas are still trying to bounce back after the COVID-19 pandemic, but experts argue the studio needs to start making more "bracingly fresh films." Recycling old intellectual property (IP), like Indiana Jones or the live action remake of ...

Is Disney losing money 2023?

The Walt Disney Company Reports Third Quarter and Nine Months Earnings for Fiscal 2023. BURBANK, Calif. —The Walt Disney Company (NYSE: DIS) today reported earnings for its third quarter and nine months ended July 1, 2023. Revenues for the quarter and nine months grew 4% and 8%, respectively.

Are Disney films losing money?

The Walt Disney Company has had a rough time at the box office for a year and a half. Poor numbers with Indiana Jones and the Dial of Destiny (2023), Strange World (2022), Lightyear (2022), and others have caused the studio to lose hundreds of millions with each film.

What movie almost bankrupted Disney?

The Black Cauldron. It was nicknamed “The Movie That Almost Killed Disney” because it was a box office bomb in 1985.

Why Disney is Falling Apart | Video Essay

What is Disney's least successful movie?

What Disney movie did Leonardo DiCaprio decline?

Leonardo DiCaprio had the chance to play the lead role of Max Dennison in 1993 cult classic fantasy comedy movie Hocus Pocus, but ultimately turned it down.

Was Little Mermaid 2023 a flop?

How much money did The Little Mermaid 2023 remake make or lose? The reported box office result of The Little Mermaid 2023 remake is about $560 million. On paper, these numbers look good. The film grossed over $298 million domestically and more than $263 million internationally.

Why is Disney losing so much money?

Disney still relies on old-line channels like ESPN and ABC for roughly a third of its operating profits — and those outlets are being maimed by cord cutting, sports programming costs and advertiser pullback.

What rights is Disney losing?

According to US copyright law, the rights for a character expire 95 years after the publication of the original work. Disney will lose the Mickey Mouse copyright for Steamboat Willie in 2024, since the short animated film was produced and distributed in 1928.

What is happening to Disney in 2024?

Walt Disney World Resort has just announced some exciting changes that will make the guest experience even more magical. Starting January 9, 2024, guests with Park Hopper benefits or an Annual Pass will be able to visit another theme park at any time during park hours.

Is Disney declining or growing?

According to a Wednesday filing, the theme parks segment had more than $24 billion in overall revenue for the first nine months ended July 1. That's 17% higher than the first nine months of 2022. Theme park admissions alone accounted for nearly $8 billion of 2023′s nine-month total, up 21% from the same period in 2022.

Is Disney losing Mickey Mouse?

In 1928, copyrights lasted for 28 years, with the option for renewal of another 28 years. As of 2023, Mickey Mouse was published almost 95 years ago. The copyright of the original Mickey Mouse character – as it appeared in “Steamboat Willie” – expires on January 1, 2024.

Why is Pixar struggling?

The COVID-19 pandemic played a role in Pixar's struggles, as its parent company, Disney, used the brand's reputation to boost its streaming service. Films like "Soul," "Luca," and "Turning Red" were released directly on Disney+, leading family audiences to expect new Pixar content at home.

What is the biggest controversy with Disney?

#1: Racism in “Song of the South”

This movie is so offensive that Disney wants to erase it from memory. Even in 1946, "Song of the South" was considered shocking and controversial by many. It was blasted for its racist depiction of Black Americans, and for putting a rose-tinted lens on plantation life.

Is Disney hurting financially?

In fact, Disney has underperformed the market over any time frame over the last 10 years, and it's no secret why. The company has struggled with the transition from linear TV to streaming, which was hastened by the pandemic.

Are Disney in debt?

Total debt on the balance sheet as of September 2023 : $46.43 B. According to Walt Disney's latest financial reports the company's total debt is $46.43 B. A company's total debt is the sum of all current and non-current debts.

Did Disney lose $900 million on last 8 releases?

A well-known Box office analyst has estimated that the Walt Disney Co. has lost over $890 million on their last eight studio releases.

Why did they make Ariel black?

He says they were looking for the best actor for the role of any ethnicity who could not only sing but convey traits such as strength, passion, beauty, joy and intelligence, which they found in Bailey.

How much did Halle Bailey get paid?

According to Showbiz Galore, she was reportedly paid $1.5 million to don the tail and seashells, though some news outlets reported slightly more modest earnings of $500,000. Despite the online backlash about casting a Black Ariel, this project made Halle Bailey a household name, especially among young Disney fans.

Was Peter Pan and Wendy a flop?

“Peter Pan & Wendy” isn't a complete failure, but nor does this return to Neverland pass that test; rather, it's another case of a Disney production that – unlike the beloved and venerable story that inspired it – never truly takes flight.

Who turned down a role in Hocus Pocus?

DiCaprio has said he was offered a large sum to be in Hocus Pocus. Nevertheless, he went with his gut and decided to decline the offer, as he was determined to get Arnie Grape's part (in What's Eating Gilbert Grape).

What movie ended the Disney Renaissance?

The release of Tarzan (1999) is retrospectively seen as the end of the Renaissance era.

How rich is Leonardo DiCaprio?

Leonardo DiCaprio's net worth is reportedly a whopping $300 million, thanks mostly to the giant salaries he earns for films like Inception, Don't Look Up and Blood Diamond.

Was Fantasia a flop?

It lost more than the modern equivalent of $15 million and nearly drove the company into bankruptcy. It was also disastrous for Disney's reputation. Critics who loved the unpretentious folk artist were less adoring when they discovered he had pretensions after all.