The 2023 Disney Failure Thread
POSTED BY: 6IXSTRINGJACK
UPDATED: Thursday, January 25, 2024 20:58
VIEWED: 8549
PAGE 2 of 13
TOTAL NET GAIN/LOSS FOR DISNEY 2023 (As of 07/03): -$446,849,396 (Plus unknown marketing costs for Peter Pan & Wendy)
NOTE: True to my word, I did put The Little Mermaid in the Winner's category now that it's made $24 Million more than double its production budget. It will remain there unless we find out more about how much it cost and/or The Rule of Thumb has been proven to have changed to more than double the PD under Bidenflation.
$24 Million now, and this week it will be making under $1 Million per day. That's nothing to celebrate for Disney who expected this to be another easy $1 to $1.5 Billion in box office receipts.
Child Rapist Zelensky pissed $24 Million worth of US Taxpayer funded cocaine out of his system quicker than The Little Mermaid made it.
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How you do anything is how you do everything.
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Quote:2 Woke Disasters combining for a Perfect Storm.
Originally posted by 6IXSTRINGJACK:
TOTAL NET GAIN/LOSS FOR DISNEY 2023 (As of 07/03): -$446,849,396 (Plus unknown marketing costs for Peter Pan & Wendy)
NOTE: True to my word, I did put The Little Mermaid in the Winner's category now that it's made $24 Million more than double its production budget. It will remain there unless we find out more about how much it cost and/or The Rule of Thumb has been proven to have changed to more than double the PD under Bidenflation.
$24 Million now, and this week it will be making under $1 Million per day. That's nothing to celebrate for Disney who expected this to be another easy $1 to $1.5 Billion in box office receipts.
Child Rapist Zelensky pissed $24 Million worth of US Taxpayer funded cocaine out of his system quicker than The Little Mermaid made it.
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How you do anything is how you do everything.
Bidenflation multiplied by Disney Wokism.
The "production budget" for TLM was in the Dollars for those years of production. But now Bidenflation has whittled away any possible profits. That budget in today's Bidenflation Dollars means much more Box Office is needed to capture a profit.
What year did production start? Was it greenlit?
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It seems weird that Disney bought Lucasfilm because of the Merch sales from enjoyable films, but then thought that if they destroyed the franchises that moviegoers enjoyed, somehow the Merch sales would not suffer.
Guess it is just another Delusional Wokeism concept.
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Quote:
Originally posted by JEWELSTAITEFAN:Quote:2 Woke Disasters combining for a Perfect Storm.
Originally posted by 6IXSTRINGJACK:
TOTAL NET GAIN/LOSS FOR DISNEY 2023 (As of 07/03): -$446,849,396 (Plus unknown marketing costs for Peter Pan & Wendy)
NOTE: True to my word, I did put The Little Mermaid in the Winner's category now that it's made $24 Million more than double its production budget. It will remain there unless we find out more about how much it cost and/or The Rule of Thumb has been proven to have changed to more than double the PD under Bidenflation.
$24 Million now, and this week it will be making under $1 Million per day. That's nothing to celebrate for Disney who expected this to be another easy $1 to $1.5 Billion in box office receipts.
Child Rapist Zelensky pissed $24 Million worth of US Taxpayer funded cocaine out of his system quicker than The Little Mermaid made it.
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How you do anything is how you do everything.
Bidenflation multiplied by Disney Wokism.
Well... Right. I've been saying for a very long time that once the economy stalls and the cheap money isn't out there anymore that woke would kill Hollywood, at least in its current form. The double edged sword to that is people also have a lot less disposable income than they did 3 years ago, so they're thinking really long and hard before spending it on the woke trash. You can see that crushing streaming service numbers now as well. I would FULLY expect to start hearing about many of the streaming services laying off people, merging with other services or just straight up calling it quits over the next few years too. When Netflix was the only game in town, it was able to pay high prices to rent the streaming rights for big shows, and the companies who owned those properties made a lot of money for sitting back and doing nothing. In current year, Netflix has nothing but garbage that nobody wants to see and those companies aren't making millions and millions of dollars licensing out those rights anymore.
Quote:
The "production budget" for TLM was in the Dollars for those years of production. But now Bidenflation has whittled away any possible profits. That budget in today's Bidenflation Dollars means much more Box Office is needed to capture a profit.
What year did production start? Was it greenlit?
Good point.
Filming was supposed to start in April of 2020, but because of Covid it didn't start until early 2021 and finished in July of 2021. Remember, July of 2021 when the White House tweeted that the average 4th of July barbacue was .16 cents cheaper than the previous year? So yeah... This film was finished before Bidenflation crept in and was greenlit way before then.
But it would still be hard to quantify this loss because the studios hide so many of the numbers from the public and the shareholders. Also, it would be illegitimate for me to pick and choose when I'd use the rule of thumb on some movies, and apply different rules to other movies, especially in the context of a thread like this. (One reason being that some movies aren't marketed heavily when the studio knows they've got a bomb on their hands... like they probably did with Elemental... so however I treat one movie I have to treat all of them, and honestly I don't want to be spending hours per day chasing rabbits down the rabbit holes). What I'd really need to find is undeniable proof that the rule of thumb has changed and that, on average, a film needs to make 2.5 or even 3 times what the production budget was to be considered profitable.
I keep hearing people, especially on YouTube, say that this is the case now, when for years everybody only said 2 times. Not only that, but they say the 2.5 or 3 times numbers without ever even pointing out that they used to say 2 times.
It might be true, but I need proof that it is true if I'm going to change the way I
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Quote:
Originally posted by JEWELSTAITEFAN:
It seems weird that Disney bought Lucasfilm because of the Merch sales from enjoyable films, but then thought that if they destroyed the franchises that moviegoers enjoyed, somehow the Merch sales would not suffer.
Guess it is just another Delusional Wokeism concept.
They'd probably be doing alright with the merch sales on most of their movies still if it weren't for the OTHER huge problem with how Disney approached the handling of the merchandising...
Their DEI team put out a clear mandate that all characters were to have the same amount of action figures produced. That means for every Iron Man, Spider-Man, Darth Vader and Yoda figure there had to be an Ironheart, Icarus, Rose Tico and Shuri figure made too.
This is why you can go to any Ollies and see pallets worth of boxes of these toys rotting on the shelves at half price with nobody buying them still. You can even see 4 year old toys on the shelves of WalMart and Target too, I'm assuming because Ollies finally figured out they got duped into buying manure and they now refuse to take any more off their hands just to clog up their shelves with stuff nobody is ever going to buy.
This is just one of the many reasons that all of the big corps have recently fired their "DEI Officers" after Disney fired theirs.
ARTICLES:
February 7th, 2023
Hamstrung by ‘golden handcuffs’: Diversity roles disappear 3 years after George Floyd's murder inspired them
The wave of change in workplaces through diversity, equity and inclusion roles has quelled, and Black workers will feel the brunt of the officers' absence.
https://www.nbcnews.com/news/nbcblk/diversity-roles-disappear-three-ye
ars-george-floyd-protests-inspired-rcna72026
February 22nd, 2023
Diversity, equity and inclusion jobs slashed at higher rate than others in recent layoffs
Corporations are trimming DEI roles according to a recent study
https://www.foxbusiness.com/economy/diversity-equity-inclusion-jobs-sl
ashed-higher-rate-recent-layoffs
March 9th, 2023
Corporate Diversity Pledges Fizzle Amid Layoffs, GOP Backlash
https://news.bloomberglaw.com/daily-labor-report/corporate-diversity-p
ledges-fizzle-amid-layoffs-gop-backlash
March 15th, 2023
Why Are DEI Roles Disappearing?
https://www.shrm.org/resourcesandtools/hr-topics/behavioral-competenci
es/global-and-cultural-effectiveness/pages/why-are-dei-roles-disappearing-.aspx
May 19th, 2023
Layoffs are hitting HR and DEI teams at a disproportionately high rate. Here’s why companies need generalists to thrive
https://finance.yahoo.com/news/everybody-loves-hate-hr-most-113121633.
html
June 20th, 2023
Disney’s Chief Diversity Officer Latondra Newton Departs
The executive, who joined the studio in 2017 from Toyota, is said to be leaving to "pursue other endeavors."
https://www.hollywoodreporter.com/business/business-news/disney-chief-
diversity-officer-latondra-newton-exit-1235520318/
June 28th, 2023
Netflix’s Head of Inclusion Strategy Verna Myers to Leave, Wade Davis Tapped as Replacement
Myers was the first to hold the position but will stay involved in an advising position
https://www.thewrap.com/verna-myers-steps-down-netflix/
June 30th, 2023
Warner Bros. Discovery Ousts Top Diversity Exec Karen Horne
She is the latest senior executive laid off as the studio conducts massive restructuring
https://www.thewrap.com/warner-bros-discovery-ousts-diversity-exec-kar
en-horne/
June 30th, 2023
Warner Bros. Discovery North America DEI Executive Karen Horne Exits
https://deadline.com/2023/06/warner-bros-discovery-dei-diversity-karen
-horne-1235428411/
June 30th, 2023
Movie Academy’s EVP Impact & Inclusion Jeanell English Exiting After One Year In Newly Created Post
https://deadline.com/2023/06/movie-academy-top-diversity-executive-exi
ting-1235428529/
June 30th, 2023
‘Diversity Fatigue’? Hollywood Loses 4 DEI Leaders in Less Than 2 Weeks
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Disney stock downgraded over streaming, theme park growth fears
https://www.foxbusiness.com/markets/disney-stock-downgraded-streaming-
theme-park-growth-fears
Disney World Is Losing Its Primary Audience, Reports Say
https://insidethemagic.net/2023/06/disney-world-is-losing-its-primary-
audience-reports-say-zg1/
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How you do anything is how you do everything.
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I keep seeing and hearing ads for Disney Resorts 25% discount.
Isn't July a month for Disney to be booked? Don't folk vacation during July anymore? Or is this normally a slow time for Walt Gayness?
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Stats for 07/03
Quote:
Originally posted by 6IXSTRINGJACK:
This will encompass all Disney/Pixar/Fox Studios failures for the year. This OP will be updated from time to time as more data comes in, particularly when a movie officially ends its theatrical run and we have solid numbers.
[ALL FIGURES UPDATED 07/03/2023]
Sub-threads for notable movies can be found here:
The Little Mermaid Failure Thread: http://fireflyfans.net/mthread.aspx?tid=65598
The Elemental Failure Thread: http://fireflyfans.net/mthread.aspx?tid=65628
The Indiana Jones and the Dial of Destiny Failure Thread: http://fireflyfans.net/mthread.aspx?tid=65629
Live Action Remakes that were so bad they skipped a theatrical release and went straight to Disney+:
Peter Pan and Wendy (April 23rd, 2023)
Production Budget: $170 Million
source: https://vancouversun.com/entertainment/local-arts/disney-peter-pan-wen
dy-canadian-film-industry
Box Office: $0 [FINAL]
Net Gain/Loss: -$170,000,000 - Marketing Costs (Unknown) [FINAL]
Theatrical Releases (WINNERS):
Ant-Man and the Wasp: Quantumania * [Walt Disney Pictures/Marvel Studios] (February 17th, 2023)
Production Budget: $200,000,000
source: https://www.the-numbers.com/movie/Ant-Man-and-the-Wasp-Quantumania-(20
23)#tab=summary
Worldwide Opening Weekend: $250,000,000 (125% of Production Budget)
FINAL Worldwide Gross: $463,635,303
Net Gain/Loss: +$63,635,303 [FINAL]
Guardians of the Galaxy: Vol 3. [Walt Disney Pictures/Marvel Studios] (May 5th, 2023)
Production Budget: $250,000,000
source: https://www.the-numbers.com/movie/Guardians-of-the-Galaxy-Vol-3-(2023)
#tab=summary
Worldwide Opening Weekend: $290,000,000 (116% of Production Budget)
Current Worldwide Gross: $827,959,013 (331% of Production Budget)
Net Gain/Loss: +$327,959,013 Million
The Little Mermaid [Walt Disney Pictures] (May 26th, 2023)
Production Budget: $250,000,000
source: https://www.the-numbers.com/movie/Little-Mermaid-The-(2023)#tab=summar
y
Worldwide Opening Weekend: $164,000,000 (66% of Production Budget)
Current Worldwide Gross: $524,041,145 (210% of Production Budget)
Net Gain/Loss: +$24,041,145
Theatrical Releases (LOSERS):
The Boogeyman [20th Century Studios] (June 2nd, 2023)
Production Budget: $35,000,000
source: https://variety.com/2023/film/news/the-boogeyman-director-indie-movies
-disney-1235620503/
Worldwide Opening Weekend: $20,000,000 (57% of Production Budget)
Current Worldwide Gross: $59,686,514 (171% of Production Budget)
Net Gain/Loss: -$10,313,486
Elemental [Walt Disney Pictures/Disney-Pixar] (June 16th, 2023)
source: https://screenrant.com/elemental-movie-budget-box-office-prediction/
Production Budget: $200,000,000
Worldwide Opening Weekend: $44,602,429 (22% of Production Budget)
Current Worldwide Gross: $187,607,297 (94% of Production Budget)
Net Gain/Loss: -$212,392,703
Indiana Jones and the Dial of Destiny [Walt Disney Pictures/Lucasfilm] (June 30th, 2023)
Production Budget: $300,000,000
source: https://www.the-numbers.com/movie/Indiana-Jones-and-the-Dial-of-Destin
y-(2023)#tab=summary
Worldwide Opening Weekend: $130,221,332 (43% of Production Budget)
Current Worldwide Gross: $130,221,332 (43% of Production Budget)
Net Gain/Loss: -$469,778,668
TOTAL NET GAIN/LOSS FOR DISNEY 2023: -$446,849,396 (Plus unknown marketing costs for Peter Pan & Wendy)
YET TO BE RELEASED:
Theater Camp [FOX Searchlight Pictures] (July 14th, 2023)
Production Budget: Unknown
Worldwide Opening Weekend: TBD
Current Worldwide Gross: N/A
Net Gain/Loss: TBD
Haunted Mansion [Walt Disney Pictures] (July 28th, 2023)
Production Budget: $157,750,000
source: https://www.the-numbers.com/movie/Haunted-Mansion-(2023)#tab=summary
Worldwide Opening Weekend: TBD
Current Worldwide Gross: N/A
Net Gain/Loss: TBD
A Haunting in Venice [20th Century Studios] (September 15th, 2023)
Production Budget: Unknown
Worldwide Opening Weekend: TBD
Current Worldwide Gross:NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
You guys hear there's rumors that Apple is going to buy Disney in the next 3 years?
I don't believe it. I think that somebody at Disney is putting that out there to try and drive the stock price back up.
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How you do anything is how you do everything.
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I just posted this in The Little Mermaid failure thread, but since that thread is about to drop into relative obscurity soon, I felt it should go here too.
Filed under Production Budget Rule of Thumb / Virtue Signalling / Lying by Omission
Quote:
Originally posted by 6IXSTRINGJACK:
The Little Mermaid will gross $500 Million Worldwide after Monday's numbers come in.
True to my word, I will put it in the "winners" category based off the twice the production budget rule of thumb, but the investors at Disney know the true numbers that were behind this and I suspect that we're going to see a huge ramp-down of live-action Disney remakes after this one failed to get even close to $1 Billion like its predecessors did while being the 2nd most expensive live-action remake in history for the company.
In any event, unless I find out any undeniable information about the non-Production Budget financials being more than usually spent to promote this film, any small amount of money TLM makes going forward will be subtracting from Disney's gaping money pit of 2023.
OH... and all that being said, I'd really appreciate it if YouTubers and movie review sites were to back up their claims that a movie now needs to make 2.5 to 3 times the production budget to break even. Especially given the rise in costs of EVERYTHING during the Biden* Administration, I'm not going to argue that this isn't true, but somebody needs to bring some real receipts to the table proving this when it's been generally accepted for years that a movie had to double its production budget to break even. As I stated several times in these failure threads, I will not move the goalposts on this just to make the numbers look more in line than what I want to see, and I feel that this is happening more and more often as the year drags on with zero concrete evidence available to back up those claims.
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Growing up in a Republic was nice... Shame we couldn't keep it.
Thanks to Jaynez for posting this article from Disney ass-lickers, Variety.
https://variety.com/2023/film/news/disney-box-office-failures-indiana-
jones-elemental-ant-man-1235660409/
I still need more evidence, but if Variety is willing to actually admit the following line in an article about Disney's problems this year, there may be some merit to the idea that the rule of thumb has changed:
Quote:
For the past decade, Disney has been the Teflon movie studio, remarkably adept at withstanding the tectonic changes impacting the film industry, and well fortified by its arsenal of key properties such as Marvel, Lucasfilm and Pixar.
But this year, the long-reigning titan of the box office has shown cracks as four of its biggest releases from those brands and others have struggled in theaters. There was the dispiriting release of “Ant-Man and the Wasp: Quantumania,” a rare Marvel movie to likely lose tens of millions in its theatrical run; “The Little Mermaid,” a remake of the 1989 animated classic that fell drastically short of expectations; “Elemental,” an original story that tried and failed to recapture Pixar’s magic; and most recently “Indiana Jones and the Dial of Destiny,” a nearly $300 million investment in one of cinemas’ most venerable franchises, which no longer appears to have the same hold on today’s audiences. On paper, these films seemed like they had all of the makings of huge hits, but somehow the Disney sparkle was lacking this time, in terms of filling movie theater seats.
Focus now on the part I underlined about Ant-Man and the Wasp and how it is "likely to lose tens of millions in its theatrical run.
Oh, honey... You didn't just admit that out loud, did you?
Though it's a weak win, I currently have Quantumania on the list of winners in my 2023 Disney Failure thread here:
Quote:
Ant-Man and the Wasp: Quantumania * [Walt Disney Pictures/Marvel Studios] (February 17th, 2023)
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