And people aren't necessarily that interested.
https://thatparkplace.com/disneys-lion-king-prequel-faces-big-trouble-mufasa-trailer-hit-with-enormous-number-of-dislikes/
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What? In 2023 Disney's flops included The Little Mermaid, Indiana Jones and the Dial of Destiny, Haunted Mansion, Ant Man and the Wasp, the Marvels, and Wish. Basically every single movie they released last year disappointed or bombed outright.
This according to Wikipedia.
Little Mermaid. Budget of 240.2 million, box office of 569.6 million.
Indiana Jones DoD. Budget of 295-387m. Box office 384 miilion.
Haunted Mansion. 150m. Box office 117.5 million.
Ant Man. Budget "326.6 million (gross) 276 million (net). Box office 476.1 million.
The Marvels. Budget 219.8m to 274.8m. Box office 206.1 million.
Wish. Budget 175-200m. Box office 254.9m
What a beautfiul sight to see. Little Mermaid was the most succesful of all of these films.
Don't forget: studios spend (as a rule of thumb) another 100% of the budget on marketing, and theaters keep about half of the gross. So a $200M movie like Wish needs to make (not gross) about $400M to break even. And if the box office was $255M, that's just $127.5M that Disney actually made, for a total loss of (400 - 127.5) a whopping $272.5 million dollars. It's beautiful to see indeed.
Yeah, absolutely. I should have been more explicit in my dancing on the corpse of the mouse.
I would guess The Little Mermaid truly made money for Disney (and probably more so with Disney+ action), but everything else is an outright loss or at best break even.
Even TLM needed to make about (240 * 2) $480M. With the theaters keeping half of the box office, a gross of $570M means that Disney took home just $285M, for a total loss of (480 - 285) $195 million lmao
Guardians of the Galaxy 3 apparently did alright, still pissed off the hardcore fans (with how they handled Warlock), and whatever they did manage was basically nothing compared to the losses of everything else.
Sure, and Elemental apparently legged it out to break even. But yes, as you said, they lost a metric fuckton of money on virtually everything else* they released.
...I'm only talking about these remakes of beloved animated classics. Of all the remakes so far, The Little Mermaid is the only one to not do well at the box office.
One can also argue that Pinocchio and Lady and the Tramp also bombed, but since those two were primarily Disney+ streaming movies it's difficult to tell.
Fine, but all of their 2023 flops (other than Wish) were continuations of old, formerly successful properties. Even Haunted Mansion is a classic ride that millions and millions of people have visited. They've also basically burned through their 90's animated library, which is why they're now resorting to a Lion King prequel. Finally, their most recent remake of an animated classic, The Little Mermaid, flopped badly. Are you saying that two flops in a row -- but specifically of classic animation reboots -- is the magic number?
edit: don't forget 2023's Peter Pan and Wendy, which reportedly cost $170M and also released on Disney+ -- which has been losing Disney money ever since it launched lmao.
If only Walt had lived a lot longer, and streaming tech had come a lot earlier, we would have gotten the Disney channel we actually asked for.