According to box office analyst Valliant Renegade, The Walt Disney Co. has faced significant losses, nearing $900 million, on its last eight studio releases. Titles like "The Little Mermaid" and "Guardians of the Galaxy" haven't been able to deliver the expected results, adding to Disney's economic woes. In fact, two of their recent films, "Strange World" and "Lightyear," were outright flops.
Valliant Renegade highlighted an important aspect in a YouTube video, saying: "One of the things that we always talk about here, that is the perfect time to remind everybody, is that Disney consumes all of its own content post-theatrical." This means that Disney no longer licenses their content, like the Marvel Cinematic Universe, to third-party platforms such as Netflix. As a result, they have lost out on billions of dollars' worth of potential revenue from these contracts.
So, it's not just the box office losses that need to be considered; there are also economic opportunity costs to take into account. If Disney had pursued licensing deals with major streamers like Netflix or Amazon Prime, or adopted a model similar to Universal's split Pay 1 window, they could have generated much more revenue. However, Disney has chosen to keep their content exclusively on Disney+ to support their own streaming platform.
The company has cut 7,000 jobsREPORT: Financial Analyst Predict The Walt @Disney Company Has Lost Nearly $900 MILLION At The Box Office In Just The Past Year Do To The #Woke Agenda Being Pushed In Their Movies. https://t.co/oSWx5Ye4ZQ
? John Basham (@JohnBasham) June 24, 2023
Disney has been undergoing a strategic reorganization and is aiming to cut about 7,000 jobs as part of a targeted $5.5 billion cost savings plan across the company. Bob Iger, who returned as CEO in November, has been working to revive Disney's streaming business while ensuring the stability of their theme parks.
Additionally, he has been grappling with protecting Disney World's theme park district from potential takeover attempts by Florida Gov. Ron DeSantis. Disney sued DeSantis in April, accusing him of government retaliation after the company opposed a controversial law. The legal battle is the latest development in an ongoing feud between Disney and the governor.
Despite these challenges, Disney is striving to find its footing and adapt to the changing landscape of the entertainment industry while leveraging its strengths in various sectors.
The Link LonkJune 25, 2023 at 11:26AM
https://news.google.com/rss/articles/CBMiUmh0dHBzOi8vd3d3Lm1hcmNhLmNvbS9lbi9saWZlc3R5bGUvbW92aWVzLzIwMjMvMDYvMjUvNjQ5N2JhNGUyMjYwMWRmZDZlOGI0NTZjLmh0bWzSAQA?oc=5
Magic is over at Disney, with $900 Million lost on recent releases, including The Little Mermaid - Marca English
https://news.google.com/search?q=little&hl=en-US&gl=US&ceid=US:en
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