Posted BY: Wyatt | NwoReport
The Walt Disney Co. is estimated to have lost a stunning $890 million on its last eight studio releases, including The Little Mermaid and Elemental, according to a box office analyst.
Disney could see even more red ink since these titles are all destined for the Disney+ streaming service instead of other streamers, like Netflix or Amazon Prime Video, where they could generate additional revenue.
The YouTube box office analyst known as Valliant Renegade laid out his argument in a recent video in which he estimated that many Disney blockbusters actually lost money or barely broke even during their theatrical runs despite the news media spinning them as hits.
They include Black Panther: Wakanda Forever, Thor: Love and Thunder, Ant-man and the Wasp: Quantumania, and Guardians of the Galaxy, Vol. 3.