Sad News for Disney
Between its fight with Florida Governor Ron DeSantis, the increasingIy poor storylines and quality of its content, and messages in that content that some parents, generally conservatives, find objectionable, Disney has had a hard time living up to its former reputation and notching wins rather than losses in the movie industry.
Particularly with its fight with Governor DeSantis, Disney took a massive public relations beating from conservative media, and its problems picked up. What followed from the conservative outcry and residua prob lems from Covid was record-low holiday attendance at theme parks for the summer, a cratering stock price that hit lows not seen in decades, and a series of flops at the box office.
That led some to expect, especially after Disney brought back CEO Bob Iger to replace CEO Bob Chapek, under whose leadership many of Disney’s problems began or picked up steam, that the company would return to producing high-quality, generally apolitical content meant to entertain rather than preach and collect gobs of money at the theater rather than start fights onIine.
Instead, the studio is on track to lose, according to Breitbart’s John Nolte, an estimated three-quarters of a billion dollars across 13 woke offerings. The losses are impressive, and the franchises are recognizable. The only clear winner was Guardians of the Galaxy Vol. 3, and that can largely be attributed to conservative star Chris Pratt.
Aside from the lone Guardian’s of the Galaxy offering, Disney’s year was generally bad. Some of the losses include the live-action “Little Mermaid” which lost an estimated $40 million; “Indiana Jones and the Dial of Destiny,” which lost roughly $158 million; “Haunted Mansion,” which stands to lose $141 million, and the most recent release, “Wish,” which is estimated at around $175 million in losses right now.
