Disney CEO Reportedly Exhausted and Overwhelmed Following Multiple Box Office Flops

October 10, 2023
Disney CEO Reportedly Exhausted and Overwhelmed Following Multiple Box Office Flops

Disney CEO Bob Iger is feeling overwhelmed and exhausted as the company faces box office failures, reduced Disney+ subscribers, and decreased attendance at Disney World.

Summary

  • Disney CEO Bob Iger is feeling overwhelmed and exhausted as the company faces box office failures, reduced Disney+ subscribers, and decreased attendance at Disney World.
  • He came out of retirement to save the company, but Disney has lost an estimated $900 million due to underperforming movies this year.
  • The main reasons for Disney’s box office disappointments include hefty budgets and movies that have received mixed reviews, discouraging audiences from watching in theaters.

Disney CEO Bob Iger is reportedly taken aback and exhausted by the multiple box office failures the company has experienced this year. For several decades, Disney has been one of the biggest and most successful companies in the world, especially when it comes to films, releasing countless animated and live-action movies that have raked in millions and have also gained much critical acclaim. However, this year, Disney has struggled to keep up with its success from previous years, with a significant number of its movies bombing at the box office. Reports suggest that the company has lost an estimated $900 million across several underperforming movies this year.

Now, according to Bloomberg, Iger, who came out of retirement last November to save the company, is feeling the strain of Disney’s woes. Sources close to the CEO describe him as “overwhelmed and exhausted” as he faces the company’s current issues, which include diminished attendance at Disney World, a loss of Disney+ subscribers, and the aforementioned box office disappointments.

Why Disney’s Movies Have Been Bombing At The Box Office

Indiana Jones and The Dial of Destiny

Disney came into this year with a lineup of movies that looked both exciting and promising. They had titles like Ant-Man & The Wasp: Quantumania, Guardians of the Galaxy Vol. 3, Indiana Jones and the Dial of Destiny, Elemental, a new Haunted Mansion movie, and a live-action remake of <

Avatar photo

Sarah O'Donell

A journalism graduate from NYU, Sarah specializes in reporting on comic book culture. She has interviewed renowned artists and writers, and brings her insights into the comic book world to Hypernova.

Most Read

Categories

Spiderwick Chronicles Adaptation Secures Roku Deal
Previous Story

Spiderwick Chronicles Adaptation Secures Roku Deal

Sign Up Now for CURIOUS Live: IFLScience’s Free Festival of Science
Next Story

Sign Up Now for CURIOUS Live: IFLScience’s Free Festival of Science