You been under a rock?
It's been filmed since 2022. It was originally scheduled for release last spring but was pulled because of the writers strike (that was the official story) most believe it was because of the controversy around the star Rachel Zegler and her hate for the original 1937 Disney classic.
Their was also controversy before filming with actor Peter Dinglage saying it glorified dwarfism or something making other dwarf actors upset some responded negatively to Dinklage's comments, feeling he was unduly speaking on their behalf and costing them roles. Disney soon announced they would "take a different approach to these seven characters"
When they trailer was released on YouTube it became the most hated film trailer on the YouTube platform.
The budget is said to be anywhere from $240-270 million. It's opening day projections has continued to drop, right now it's projected to be less than $50 million.