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disney needs to stop making dumb live action remakes
(lemmy.world)
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this post was submitted on 24 Jun 2023
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A lot of people seem to think The Little Mermaid is doing quite well and if you're just reading the headlines from all the major reporting groups I could see why. If you look at the box office numbers, it is a different story. Many sources state the break-even point for it to be north of $500 million and after almost a month in theaters it still hasn't made the mark.
Marvel, Star Wars, Pixar, and their animation studio have produced a lot of content since 2020 with most of it losing money, barely breaking even, being critically panned, or having terrible viewership. Disney is in turmoil financially and it's clear that their current pool of talent isn't delivering what fans want to see. Elemental just released to the worst opening weekend for a Pixar movie ever. They need some changes to right the ship. Chopping some live actions from the line up may be something we see if they dry up as a major cash source as is indicated by The Little Mermaid.
Honest question, what is Disney being in financial turmoil based on? They beat/met expected EPS (earnings per share) three of the last four quarters. They are more than a TV/streaming/movie making business. They have LOADS of assets. They report losing money on streaming, but if you look back they didn’t expect streaming services to be profitable until 2024. it looks to me like Disney is and will be fine financially.
You're right. I'm only referring to their movie and streaming service revenue. From the constant losses on movies and the fact that they have lost millions of Disney plus subscribers for 2 quarters in a row, I don't see that service even being profitable by that 2024 expectation. I'm sure the writer strike will further hamper their ability to produce content. I don't see more people signing up for a service that is shedding subs and offering little new content.