You go woke, you go broke.
According to Valliant Renegade, a YouTube account that focuses on the business of Hollywood, the Walt Disney Company’s finances are bleeding red ink.
In a video released Friday, with the apt title “Disney Is Bleeding Out At The Box Office | Here’s How Much They’ve LOST,” the account estimated Disney has incurred nearly $1 billion in losses during the release of eight movies from June 2022 to June of this year.
The movies, from Disney or Disney-owned Pixar and Marvel Studios, are “Lightyear,” “Thor: Love and Thunder,” “Strange World,” “Black Panther: Wakanda Forever,” “Ant-Man and the Wasp: Quantumania,” “Guardians of the Galaxy Vol. 3,” “The Little Mermaid,” and “Elemental.”
According to Valliant Renegade, these movies cost $2.75 billion to produce and market but only brought in $1.86 billion, resulting in a loss of $890 million.
