Disney Has Lost Nearly $900 Million At The Box Office In The Last Year
There was a time when Disney was the undisputed champion of the box office. Those days, however, seem to have come to an end.
While Marvel is still largely profitable, the studio is now longer the guaranteed hit-maker that it once was. Likewise, Pixar is coming off back-to-back flops with Lightyear and Elemental and Disney’s live-action remake of The Little Mermaid will need help to break even.
A Rough Year For Disney Films
According to box office analyst Valiant Renegade, Disney’s last eight studio releases allegedly have cost the company nearly $900 million dollars in the past year.
“The Little Mermaid live-action remake and, more recently, Elemental from Pixar studios are just the two latest entries in a long list over the last 12 months from the House of Mouse of box office disasters,” Renegade said.
As part of their analysis, Renegade tracked the losses of Disney’s last eight releases: Lightyear, Thor: Love and Thunder, Strange World, Black Panther: Wakanda Forever, Ant-Man and The Wasp: Quantumania, Guardians of the Galaxy Vol. 3, The Little Mermaid, and Elemental.
More Tough Times Ahead?
According to Renegade, Disney’s troubles aren’t over yet.
“Disney continues to miss the mark from every studio that they have,” Renegade says. “And they’re not even done yet for this year, because Lucasfilm is on the table up next with Indiana Jones and the Dial of Destiny, and as of right now, that’s going to be ringing up yet another loss for the Walt Disney Company unless something radical changes.”
According to the analyst’s calculations, Disney has spent $2.65 billion on its last eight films and taken in $1.86 billion. Based on those numbers, the company has lost roughly $890 million.
The math here is odd in that the last four Marvel movies he cites have combined box office in excess of $3 billion. So, they must use some different criteria.
Anyway, hopefully, for Disney’s sake, those numbers will turn around soon.
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