Box Office Analyst Estimates Disney Lost $890 Million on Last Eight Theatrical Releases
The Walt Disney Co. is estimated to have lost a stunning $890 million on its last eight studio releases, including
The Little Mermaid and
Elemental, according to a box office analyst.
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.
“That can’t go on forever. It’s just simple 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 the distribution channels as well.”
Box Office Analyst Estimates Disney Lost $890 Million on Last Eight Theatrical Releases