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Dan Murrell estimates Disney theatrical losses for 2023 to be $1,374,919,357
Posted on 12/6/23 at 9:19 pm
Posted on 12/6/23 at 9:19 pm
Posted on 12/6/23 at 9:26 pm to BilJ
I don’t care who you are, you can’t take a billion dollar loss
Posted on 12/6/23 at 10:46 pm to BilJ
I don't know if they have the organizational ability to fix their problems. The individual properties might have to be sold off to be rescued by a functional entertainment group.
Are there any? Functional in the sense of committed to making good material and possessing the financial power to buy whatever isn't ruined beyond repair?
Are there any? Functional in the sense of committed to making good material and possessing the financial power to buy whatever isn't ruined beyond repair?
Posted on 12/6/23 at 10:49 pm to BilJ
quote:I have it as $1,374,919,356.95
Dan Murrell estimates Disney theatrical losses for 2023 to be $1,374,919,357
More media exaggeration
Posted on 12/6/23 at 11:19 pm to BilJ
Don’t worry. Iger will fix this by centering a new Marvel movie around Leslie Jones.
Posted on 12/7/23 at 7:11 am to BilJ
Without better transparency, it is difficult to even do broad stroke estimates.
What I am confident of, is they've lost at least $750m on films released in 2023. And if it really is approaching 2x that, I won't be all that surprised.
The UK tax credits probably complicate the math some, as well as sneaky cost shifting, Disney paying itself for things, on the books for tax purposes, etc. Again, I'm confident it is at least $750m though, in real world money.
What I am confident of, is they've lost at least $750m on films released in 2023. And if it really is approaching 2x that, I won't be all that surprised.
The UK tax credits probably complicate the math some, as well as sneaky cost shifting, Disney paying itself for things, on the books for tax purposes, etc. Again, I'm confident it is at least $750m though, in real world money.
Posted on 12/7/23 at 7:32 am to BilJ
Seems like 2024 shouldn’t be any different as I just saw a trailer for a woman spider man coming out next year
This post was edited on 12/7/23 at 7:33 am
Posted on 12/7/23 at 7:40 am to BilJ
Spend more, make less. Success!
Posted on 12/7/23 at 8:31 am to BilJ
And they are in a big lawsuit over the use of stolen MOVA technology that was used in multiple Avengers movies and Guardians of the Galaxy 3. If they are disgorged of some of those huge profits, the losses can really start to add up. Don't forget the bomb that is Snow White that is right around the corner too. Hollywood Reporter
Posted on 12/7/23 at 9:11 am to BilJ
It will only get worse. The parks have remained pretty strong through all of this, but Disney leverages their IP to their parks. Anybody give a shite about a Marvels, Elemental, or Wish ride?
They've gotta pivot to what worked in the past, ie. Toy Story 5 and Zootopia 2, but I'm not taking my kids to see that shite. I'll wait until it hits streaming.
They've gotta pivot to what worked in the past, ie. Toy Story 5 and Zootopia 2, but I'm not taking my kids to see that shite. I'll wait until it hits streaming.
Posted on 12/7/23 at 10:28 am to BilJ
You would think that would lead to a shareholder revolt.
Posted on 12/7/23 at 3:20 pm to BilJ
Sounds like it’s time to make Snow Black and the Seven Little People
Posted on 12/7/23 at 3:27 pm to BilJ
quote:
Disney theatrical losses for 2023 to be $1,374,919,357
Posted on 12/11/23 at 2:50 pm to BilJ
Apparently Disney may also have some issues with how they reported their Reedy Creek financials. The noose could be tightening on Iger.
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