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Disney’s Downwards Spiral: Studio Lost Almost $900M Due to Failing Films

lightyear
Credit: Disney/Pixar

Since its creation, the Walt Disney Company has been known primarily for its storytelling through filmmaking. For the past 100 years, Disney has been one of the world’s foremost experts in creating captivating and innovative media content. Not only are Disney’s film contributions meaningful to fans, but they have also been incredibly lucrative for the company.

Disney today means much more than just films; the company has numerous other ventures, including the highly popular Disney theme Parks. Unfortunately, it is looking more and more like these other ventures are working out better for the company than their movie and television releases.

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Credit: Pixar Animation Studios

A Rocky Road for Disney

Despite Disney CEO Bob Iger saying that the company is focussing on “quality over quantity” when it comes to its films, things are not looking great for the film studio. Data is now suggesting that Disney has lost nearly $900 million on some of their most recent films. This shocking nosedive has more than a few fans concerned about the future of Disney.

Last June, Walt Disney Pictures and Pixar Animation Studios released the film Lightyear, a film about the “real life” of Buzz Lightyear. On all accounts, the theatrical release was a flop, and unfortunately, it may have put Disney in a rut they could not get out of.

pixar lightyear

Credit: PIXAR Animation Studios

A Year of Disaster

The seven films released by Disney since Lightyear are Thor: Love and Thunder, Strange World, Black Panther: Wakanda Forever, Ant-Man and the Wasp: Quantumania, Guardians of the Galaxy Vol. 3, The Little Mermaid, and Elemental. While some of these films were loved by fans, none of them were incredibly lucrative for the company. When you look at this year as a whole, there have certainly been quite a few box office flops.

According to Audacy and Valiant Renegade, these eight films cost a combined $2.75 billion to make. At the end of the day, they only brought it $1.86 billion combined. This means that since June of last year, Disney’s new releases lost the company around $890 million. It is important to note that the Disney streaming app, Disney+, has also lost additional money.

RELATED: The REAL Reason ‘The Little Mermaid’ is Floundering

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Credit: Disney

In short, this is not looking great for the company. Disney needs a massive hit… and fast. With The Little Mermaid just not surpassing the $500 million in revenue mark and Elemental completely flopping since opening weekend, it is clear that Disney is going to have to do whatever it takes to create a hit.

About Eva Miller

Eva was born and raised in the beautiful state of Oregon but has since relocated and lives in New York City. Since she was young, Eva has loved to perform in musicals, especially Disney ones! Through performing, Disney’s music became the soundtrack of her childhood. Today, Eva loves to write about all the exciting happenings for the Walt Disney Company. In her free time, Eva loves to travel, spend time in nature, and go to Broadway shows. Her favorite Disney movie is 'Lilo and Stitch,' and her favorite Park is Disney's Animal Kingdom.