The Walt Disney Company suffered a corresponding disaster in 2024, even as Hollywood's biggest studio continued to wield tremendous power across the media and politics.
It's been a bad year for ABC News, with Disney repeatedly attacking President-elect Donald Trump during the campaign. The studio's biggest streaming show of the year suffered a subscriber slump, another ominous sign for the Disney+ service. And Disney ended the year with a massive box office success.
For CEO Bob Iger, 2024 has been something of a transition period, as the company remains in recovery mode after two financially challenging years. Iger made layoffs at Pixar, ABC News, NatGeo, and more, and took his ax once again to multiple Disney properties.
Last year, Mr. Iger laid off 7,000 people, or 3% of the company's workforce, around the world as the company's financial situation worsened.
Disney can take solace in the success of blockbuster sequels — inside out 2 and deadpool & wolverine were the two top-grossing films of the year.
But for everything Moana 2 it gathers wealth, Disney will also lay a huge nest egg, further tarnishing the studio's once stellar reputation. Here are Disney's biggest disasters in 2024.
acolyte
Disney's latest film has a budget of nearly $250 million by some estimates. star wars The spinoff series was meant to be a streaming blockbuster that would drive subscriptions. Instead, the series skyrocketed in viewership and was canceled after just one season. Who is to blame? Most critics criticized it for its weak and pointless storyline, unappealing lead actress Amandla Stenberg playing the twins in vain, and pointless virtue-signaling (that she's not welcome in the galaxy). The series featured a collection of lesbian witches, the casting of transgender actors in supporting roles, and even showrunner Lesley Headland herself promoted the series as “the gayest Star Wars ever”).
Disney Plus troubles
acolyte’s failure is emblematic of the streaming service Disney+ as a whole, whose original and exclusive content didn’t bring the market advantage Iger had hoped for. As the year drew to a close, headline after headline announced problems with content platforms. In September, Disney lowered the price for new subscribers to $1.99 per month, hoping to boost fourth-quarter numbers. This month, advertising industry experts reported that companies are pulling money from Disney+ due to staggering subscriber numbers, and that Disney is being squeezed out of the streaming charts by Netflix, Amazon, Paramount+, and even Peacock. did.
Mufasa: The Lion King
This “live-action” prequel was supposed to be a slam dunk at the box office. lion king wide open A disappointing $35 million — a far cry from the already subdued $50 million expectations. The movie still had a chance to get off the ground, but the opening was a disaster for Disney, which was hoping to change direction. lion king into its own movie franchise.
ABC News
The Disney-owned news network worked hard to report during the presidential election. First, debate anchors David Muir and Lindsey Davis put their finger on supporting Kamala Harris, making the match-fixing too obvious to ignore. Muir paid the price – his tonight's world news Viewer ratings plummeted the week after the debate. Later, he intervened when host George Stephanopoulos slandered Trump on air, resulting in a settlement of more than $15 million. The Bob Iger Wing of the Trump Presidential Library will be spectacular.
For the future
As 2025 approaches, Disney is preparing to launch one of its biggest titles. snow white, Starring Rachel Zegler, the film is scheduled to be released within three months. In February, Pixar will release its first-ever TV series. win or lose. Both projects underwent major changes to further appeal to non-woke audiences.
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