The Walt Disney Company has lost approximately $900 million on recent films, according to a Hollywood analyst.
Staggering Disney box office losses total nearly $900 million for recent movies, according to analysis https://t.co/KL3iweOOf6
— TheBlaze (@theblaze) June 25, 2023
Box office analyst Valliant Renegade said the Walt Disney Company lost close to $900 million on its previous eight studio titles.
Despite releasing films with substantial marketing budgets, Disney still suffered. The following films were subjected to significant financial losses upon their release: “Lightyear,” “Thor: Love and Thunder,” “Strange World,” “Black Panther: Wakanda Forever,” “Ant-Man and the Wasp: Quantamania,” “Guardians of the Galaxy Vol.3,” “The Little Mermaid” and “Elemental.”
According to Renegade, the eight films cost nearly $3 billion but only generated $1.86 billion for Disney, resulting in an $890 million loss.
Deadline reported that “Strange World” lost $197 million, while “Lightyear” lost $106 million.
Such financial losses could be because Disney has incorporated woke plot lines in its recent films. “Strange World” included a romantic relationship between two males, while “Lightyear” showed two women kissing. And the movie “Elemental” featured Disney’s first non-binary character.
“One of the things that we always talk about here, that it is the perfect time to remind everybody, is that Disney consumes all of its own content post-theatrical,” Renegade stated, meaning that Disney used to license their content to platforms like Netflix for years.
“So not only do we need to consider how much money Disney has lost at the box office, we also need to consider how much money Disney has lost in economic-opportunity costs,” Renegade said in a video.
“You see, that’s how much money they could have made had they actually taken these films and licensed them to Netflix, or Amazon Prime, or even similar to what Universal does with a split Pay 1 window,” the Hollywood analyst added.
