The Walt Disney Co. has lost nearly $900 million on its past eight studio releases, including “The Little Mermaid” and “Guardians of the Galaxy,” according to box office analyst Valliant Renegade.
Two of the titles outright flopped — “Strange World” and “Lightyear” — as Disney faces economic woes. Just last month, Deadline reported that Disney started its third and final round of layoffs as the company looks to slash 7,000 jobs by the summer.
“One of the things that we always talk about here, that is the perfect time to remind everybody, is that Disney consumes all of its own content post-theatrical,” Valliant Renegade said in the YouTube video.
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