Eight Movies That Contributed to Disney Losing Almost $900 Million in One Year

It seems the Disney empire has a lot of drama going on behind closed doors.

Damjan

Published in Interesting
24 Jul 2023

Eight Movies That Contributed to Disney Losing Almost $900 Million in One Year

There's no denying that Disney is one of the biggest entertainment empires the world has ever seen. The leader in the animation industry has given us some of our most cherished childhood memories with films and characters such as Mickey Mouse, Donald Duck, Cinderella, Peter Pan, and an endless list of others.

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Not to mention Disney's multiple film studio divisions, including Pixar, Marvel Studios, and 20th Century Animation, to name just a few. However, along with all of Disney's successes, the company has also accrued its fair share of losses.

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In fact, new research has revealed that the Walt Disney Company lost close to $900 million between June 2022 and June 2023. This hefty loss coincides with the release of eight prominent films, including Lightyear, The Little Mermaid, and Elemental.

The eight movies in question cost Disney approximately $2.75 billion in production and marketing. However, they only returned around $1.86 billion in revenue.

Additionally, the company's streaming platform, Disney+, has also experienced a notable decline in subscribers. The loss of around 2.4 million customers is thought to be somewhat related to the reduction in Disney+ coverage in Southeast Asia and India.

But it's not only money that has been causing a stir around Disney in recent times. Controversy has been swirling around the company since it was suggested that they altered the appearance of The Little Mermaid actress Halle Bailey's skin tone in promotional material for the Chinese market.

Disney has also been grappling with internal issues, resulting in the layoff of more than 7,000 employees as a means to save money. It seems the Disney empire has a lot of drama going on behind closed doors.

But one thing is for sure: we still adore our Disney movies! Keep scrolling to take a look at the eight films that contributed to the company losing almost $900 million in one year.