Disney films lost $500M in November

By Jason Williams
Williams is a researcher, writer and founder of the Taxpayers Association of Oregon

According to one box office analyst Disney lost nearly 500 million in November over failing film sales.

Disney’s The Marvels, broke a record for the worst opening of a Marvel MCU super-hero film in their 15 year history of films (32 total).   The Marvels film also broke another loss record for having the biggest audience drop (over 70%) after the first weekend of any Marvel film.

Disney’s film, Wish, is in celebration of 100 years of Disney movies.  In anticipation, this 100th celebration film was released on Thanksgiving weekend for maximum impact.   This film bombed.  Forbes records that it had one of the worst film openings.  It is also among the worst rated of major Disney films by critics.   It is losing big at the box office and will not make a profit.

Together, the losses from both films may cost Disney nearly a half billion in revenue.

This comes as 8 recent Disney films have all lost money costing Disney $800 million.   That means, Disney had produced 10 films that all failed to make a profit in the past three years.

This also comes as Disney has seen huge declines in park attendance, toy sales, TV subscribers and hotel occupancy.

One big factor is the decline is the drop in quality of Disney products.  The other is politics.

Here is how I previous catalogued Disney’s controversial liberal politics:

“Disney’s President Bob Iger is a top Clinton/Obama fundraiser who has ambitions himself to run for President.  He has involved Disney in a lot of political issues (gun control, $15 minimum wage, opposing the California recall, etc..).  Disney fiercely protected their special tax breaks as a quasi-government entity that was clearly an abuse of government power as well as something that was denied to their rivals when they asked for the same, and then proceeded to deny funds to any lawmaker that refused to back their special tax break abuse-of-government status.  Disney used anti-competitive actions to limit other theater chains from hosting rival films. Disney employees complain of widespread censorship against people who do not have a liberal view and pleaded for a politically neutral workplace.  Disney’s Captain America called the 2010 Tea Party movement (low taxes, debt reform) racist.  Just this year alone, one Disney film name dropped socialism, while two other Disney films pilloried capitalism.  Last year, Disney released the most anti-parent film for kids ever produced (the target audience was middle schoolers).  Disney’s film, Strange World, was so overloaded with environmental politics that audiences couldn’t stand it — the film lost $100 million. Disney’s Snow White remake production showed signs of politics and anti-police politics.”