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

Has Disney been losing money?

As the company shifted to streaming, it seemed set up to lap Netflix and eat the box office at the same time. But today, Disney's stock is at a nine-year low. Operating margins are down 75 percent. Disney+ lost $4 billion last year.

Has Disney lost money 2023?

EPS from continuing operations for the nine months ended July 1, 2023 decreased to $1.14 from $1.66 in the prior-year period. Excluding certain items⁽¹⁾, diluted EPS for the nine months ended July 1, 2023 decreased to $2.94 from $3.22 in the prior-year period.

How much has Disney movies lost in 2023?

I cover the entertainment industry focusing on movies and theme parks. Disney has revealed that it spent $965 million on four of its most high-profile streaming and film flops this year. Disney has been on a cost-cutting drive since its chief executive Bob Iger returned to the helm of the company in November last year.

Which Disney movie lost the most money?

Unfortunately, his John Carter was the biggest live-action failure Disney has ever had. The movie had a huge budget of $250 million, and it even eventually crossed the $300 million mark before tax deductions (via Forbes).

Disney has lost Over 900 Million Dollars

What movie almost bankrupted Disney?

Disney wasn't always the media behemoth it is today, in fact, this movie nearly ended the company. In 1985, Disney released its 25th animated feature, The Black Cauldron. The movie was based on The Chronicles of Prydain novels by Lloyd Alexander which were rooted in Welsh mythology.

Why are so many Disney movies flopping?

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 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.

What movies caused Disney to lose money?

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. This unfortunate trend for Walt Disney Studios seems to be staying on track with Haunted Mansion (2023).

What was the lowest budget Disney movie?

Unlike some of the films that came before it, Bambi had a measly budget of only $858,000 making it the studio's cheapest film ever made to date. The film was inspired by the 1923 book of a similar name and centers on the life of a young deer whose befriends the other forest creatures after his mother's death.

Is Disney financially struggling?

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.

Why are Disney profits down?

The slump comes after Disney posted its worst stock return in 48 years in 2022, shedding 44% as investors largely grew fed up with mounting streaming losses as the economic outlook took a turn for the worse.

How far in debt is Disney?

Disney long term debt for the quarter ending June 30, 2023 was $44.544B, a 3.21% decline year-over-year. Disney long term debt for 2022 was $45.299B, a 6.68% decline from 2021. Disney long term debt for 2021 was $48.54B, a 8.27% decline from 2020.

Is Disney losing ratings?

Disney's traditional channels had $1.9 billion in quarterly operating income, down 23 percent from a year earlier. Disney cited lower ad sales at ABC, partly because of viewership declines, and lower payments from ESPN subscribers, along with higher sports programming costs.

Is Disney declining or growing?

Top-line revenue growth for Disney's direct-to-consumer operations grew by 9.2% on an annual basis to reach $5.53 billion in the calendar second quarter.

Is Disney losing viewers?

Disney+ subscriptions fell from 157.8 million worldwide to 146.1 million, a loss of 11.7 million — more than doubling last quarter's record decline, and it included a decrease of 300,000 in the U.S. and Canada where subscribers fell to 46 million.

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.

Did Disney lose 900 million on last 8 releases?

Analyst Estimates That Disney Has Lost $900 Million on Last Eight Studio 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.

Is Disney World losing customers?

Travel analysts have clocked a dip in Disney's theme parks visits that's unusual for the peak summer months. Touring Plans, a company that tracks wait times for rides at various theme parks, has reported shorter wait times in Orlando-based Disney World and Disneyland in California in recent weeks.

Is Disney losing rights to Winnie the Pooh?

While Disney may no longer have copyright protection for Winnie the Pooh, there are still opportunities for legal recourse that Disney can take. Disney still maintains the rights to the Winnie the Pooh characters created after 1926, including Tigger.

Why can t Disney buy Mickey Mouse back?

As per the US copyright law, the rights to characters expire 95 years after publication (for works published or registered before 1978). Thus, Disney, which is also called the House of Mouse due to the character, may lose the rights to the character.

Are they getting rid of Mickey Mouse in 2024?

In truth, the earliest version of Mickey Mouse, which first appeared in the 1928 landmark animated short Steamboat Willie, will be entering the public domain when the film's copyright expires in 2024.

Why is Disney in decline?

Disney's poor fortunes at the box office might have little to do with its content and more to do with its competition and their associate marketing campaigns, according to Hannah Yelin, network lead for the Creative Industries Research and Innovation Network at Oxford Brookes University in the U.K.

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.

What Disney movie is causing controversy?

Disney's Snow White live-action controversy explained: A movie canceled before its release? Disney has its next live-action remake lined up in the shape of Snow White, but the movie has been the subject of scrutiny of late due to its lead star Rachel Zegler.