The Walt Disney Company lost its top spot at the global box office in 2023 as the studio experienced an unprecedented series of failures, including: marvels, wishand the latest indiana jones Sequel.
For the past seven years, Disney has reigned supreme thanks in large part to its Marvel and Pixar brands. But this year, Universal took the number one spot. super mario bros movie and oppenheimer.
According to one study, Universal generated an estimated $4.91 billion in ticket sales worldwide, while the 17 titles released by Disney generated an estimated $4.83 billion in ticket sales. Tally by hollywood reporter.
Disney's dethroning is the latest bad news for the beleaguered company, where returning CEO Bob Iger is having a tough time at work. The company experienced a catastrophe with 7,000 layoffs worldwide in 2023, with further layoffs to come.
Meanwhile, Disney's streaming service continues to lose billions of dollars. As a result, prices have increased significantly. In 2023, the company will increase his Disney+ monthly subscription price from his $10.99 to $13.99, a 27% increase in his price.
But the growing number of box office failures is perhaps the biggest blow to Disney's prestige.
The unprecedented losing streak is shocking for a studio that made money in theaters thanks to brands like Pixar, Marvel and Lucasfilm. Wake's messaging, which included aggressive promotion of the LGBTQ agenda, lost the interest of millions of paying customers.
Other recent disappointments include: little mermaid, Haunted Mansion in VenicePixar's elemental.
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