Disney's Little Mermaid Set to FLOP?! | Hollywood Media Goes FULL SPIN

Disney's Little Mermaid Set to FLOP?! | Hollywood Media SCRAMBLES to SPIN | The Little Mermaid 2023 starring Halle Bailey set to finish box office run under $500M Globally?!

Breaking: DEADLINE MAGAZINE admits in new article that Disney's The Little Mermaid 2023 live action remake is in deep trouble and tried to make the case that even though they fully expect it to flop in theaters that Little Mermaid will use some Disney Magic to find a profit with some clever accounting tricks. The problem of course is that Disney now consumes all of its own content on its proprietary DTC streaming service Disney+, so there's no real revenues there anymore once their major studio films leave the box office. Disney+ has accumulated roughly $13 Billion in losses since inception, so any monies Disney pays itself license their own content is little more than rearranging deck chairs on the Titanic.

DEADLINE Magazine:
‘Little Mermaid’ Swimming Against Strong Tides At Overseas Box Office, Leaving Break-Even In Question
https://deadline.com/2023/05/little-mermaid-box-office-profit-loss-halle-bailey-1235383099/

From Deadline:
At that level, per finance sources, off a reported $250M production cost and $140M global marketing spend, The Little Mermaid could very well break-even. However, anything in the low $400M global threshold and this fish is apt to be sinking to a loss of around $20M.

Indiana Jones and the Dial of Destiny
Harrison Ford in ‘Indiana Jones and the Dial of Destiny’
Lucasfilm Ltd.

“Not a huge disappointment, but a disappointment, nonetheless,” one film finance insider told Deadline, given the blockbuster streak often associated with Disney. The studio’s summer slate remains in a precarious position after it boldly world premiered two major titles in Cannes to lackluster reviews: Indiana Jones and the Dial of Destiny (49% Rotten Tomatoes) and Pixar’s Elemental (58% Rotten, $40M projected U.S. opening).

thumbnail by @JFG

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