Woke Disney’s Nightmare Gets Even Worse – They Just Suffered a Catastrophic Loss. The Walt Disney Company looks set for another disappointing theatrical run with the new animated sequel to Avatar.
“Avatar: Path of Water” earned an estimated $56 million for the weekend ending Sunday, down 58.2 percent from its debut a week earlier. That said, there may have been mitigating factors that dampened movie attendance: the Christmas holiday weekend and a bomb cyclone that prevented much of the country from traveling amid bitter cold and snow.
However, the lackluster performance in the second week is likely to give Disney executives a leg up after a number of other high-profile flops this year.
“So far, Avatar 2 has grossed $279.7 domestically – a poor start for the most talked about film of the year.” This figure suggests the film is having trouble generating the kind of reviews that made the first Avatar the highest-grossing film of all time,” Breitbart News reported.
The report added:
Globally, Avatar 2 has earned $881.4 million so far. The film’s estimated production budget is $460 million, which doesn’t include marketing costs, meaning it would need to make between $1.5 billion and $2 billion just to break even.
Perhaps most worryingly for Disney, the film is the latest in a growing line of Hollywood blockbusters to open in China, bringing in $57.1 million in its opening weekend there, well below expectations of $120 million.
The first movie Avatar, released in 2009, was a huge hit in China, earning $200 million.
The entertainment giant has taken a financial hit over the past year, with many critics blaming the company for putting a “woke” ideology ahead of what most Americans actually want to see. The dismal performance led to the firing of CEO Bob Chapek, who was replaced last month by former CEO Bob Iger.
Chapek’s tenure has been marked by complaints over overtly “woke” content that failed to resonate with audiences, falling stock prices and hemorrhaging profits, not to mention a political battle with Florida’s most popular elected official.
Daily Wire added:
Disney shares have fallen more than 40% over the past year amid a struggling economy. His difficulties have been blamed on a series of decisions that have alienated his family and in many cases conservative customer base. The company clashed with Florida Gov. Ron DeSantis over a law that would ban public schools from teaching children under the fourth grade about se-xual orientation and radical gender theory.
The company has also been criticized for portraying a lesbian kiss in the children’s movie “Lightyear”, showing a transgender man buying tampons in the TV series and strongly embracing the environmental, social and governance trend, a strategy that attracts investors by promoting awakening values. within the corporate structure.
The company has lost billions during the COVID-19 pandemic, including closing its parks much of the time. Chapek was charged with returning Disney to profitability, but instead took on a handful of employees who opposed a Florida law that prohibits trans and LGBTQ curriculum from being taught to children in kindergarten through third grade.
Disney’s previous animated offering, “A Strange World,” also flopped.
The film, which depicts an openly gay teenager, reportedly brought in a paltry $4.2 million during its Thanksgiving release, while earning just over $11 million over the next 5 days. The film cost $180 million to make, Variety reported, adding that when all is said and done, Strange World could lose $100 million.
“Even with the right amount of attention on Disney+ and home entertainment platforms, box office experts suggest it will be difficult to bring the big-budget film into the black,” Variety reported. “Since ‘Strange World’ cost $180 million to produce and tens of millions more in marketing and global distribution, the film needs to make roughly $360 million to break even, sources said.”