OAN’s Abril Elfi
4:01 PM – Tuesday, November 28, 2023
Disney’s last 13 movies have reportedly cost the company millions of dollars.
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Disney’s latest film “Wish,” which premiered during thanksgiving weekend, flopped at the box office and brought in only $31.6 million over the five-day period, far below box office analysts’ expectations of between $45 million and $55 million. The budget for the film was $250 million, its break even was $500 million, the global gross was $150 million, and the deficit was -$175 million.
Disney has never historically underperformed at the box office on Thanksgiving.
The company has been releasing top-grossing animated movies from Wednesday to Sunday for over ten years. The media company has even broken records for the highest-grossing openings for Thanksgiving movie releases.
However, since the pandemic, the company has struggled to bring in as many customers as in the past.
The company lost $106 million on their 2022 movie “Lightyear” and another $152 million on “Strangeworld,” which both included LGBTQ+ themed characters and…
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