A shocking report details the costs of Disney films, finding that in 2023, just four of the company’s big-budget projects collectively lost more than $500 million.
Disney movies have repeatedly appeared on this year’s biggest bomb lists, but the amount of money the Mouse brand will spend just to make a movie run into the red is truly mesmerizing.
Report by deadline It’s eye-opening in terms of the amount of cash a studio can evaporate beyond its actual production budget if a movie doesn’t meet expectations.
The outlet reports that while Disney typically spends most of its top 10 highest-grossing films of the year on Marvel movies, that number has been significantly disrupted by the loss of Disney+. It should be noted, however, that Disney and Marvel films have suffered from unbearable wokeness and diverse casting, which CEO Bob Iger, of course, denies.
At the top of the list of failures was “The Marvels.” The project ticked a lot of boxes for the film studio: it was a diverse superhero film led and directed by a woman. Unfortunately, the film’s $218 million revenue was overshadowed by its $270 million production budget and over $100 million in advertising costs.I crossed the finish line as expected. $237 million loss.
Disney was rated the worst movie studio of 2023 by Variety magazine, which is no wonder given that moviegoers were baffled all year long by the studio’s seeming unwillingness to change its ideological course. .
“Indiana Jones and the Dial” was another heartbreak for both the studio and fans of the series. With reports that the leaked storyline angered fans and resulted in rewrites and reshoots, it was hard to imagine that the film would be able to subvert the negative hype.
It’s no wonder the film made the list, as $80 million was reportedly spent in post-production to prevent Harrison Ford from aging.
It cost $300 million in production, $120 million in advertising, and $96 million in residuals, distribution, and overhead.film Lost approximately $143 million According to Deadline, that means showing Indiana Jones’ true face throughout the movie couldn’t save it.
Disney’s “Wish” received terrible reviews and didn’t get much attention from even Disney’s most critical observers.
With $300 million spent on production and advertising, box office and streaming numbers were easily dwarfed, and the studio -$131 million.
The animated film, which drew on the production company’s own legacy, wasn’t the biggest hit with young girls who might have expected a better story from a Disney princess. Reports say the film has the smell of a corporate product and lacks anything magical.
Disney’s “Haunted Mansion” is the studio’s second foray into making a film based on the theme park attraction of the same name, while also following the idea of a bizarre movie.led by Eddie Murphy 2003 iteration The performance seemed to be very low, but it still outperformed the 2023 movie.
The 2003 film grossed $182 million worldwide, but 20 years later, the new version only made $117 million. Against a $150 million production budget, the total was once again not on Disney’s side. $117 million loss.
In total, Disney ended up losing an estimated $628 million on just four movies. No one knows what kind of fair the company will have in 2024, but unless some big-name budget suffers a fiasco in theaters, there’s a chance Mickey could lose that much money. is hard to imagine.
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