Disney begins laying off 7k employees
Their last few movies have been... well "abysmal" would make some abysses unhappy to be compared to the movie performance.<p>Strange World [0] was a box office bomb - reported box office revenues of $74M on a budget of $135–180M.<p>It's got nothing on Turning Red [1], though.  $20M on a $175M budget.  Whoof.<p>Lightyear [2] only barely made their production costs, $225M on a $200M budget.<p>They've had some mild successes, but their last couple years of performance have been marked by some absolutely horrid bombs.<p>You can blame their "going broke" grade performance on whatever you want, but the reality seems to be that Disney is simply <i>not making movies anyone wants to see.</i>  And if you're an entertainment company, well, that's a problem.<p>[0]: <a href="https://en.wikipedia.org/wiki/Strange_World_(film)" rel="nofollow">https://en.wikipedia.org/wiki/Strange_World_(film)</a><p>[1]: <a href="https://en.wikipedia.org/wiki/Turning_Red" rel="nofollow">https://en.wikipedia.org/wiki/Turning_Red</a><p>[2]: <a href="https://en.wikipedia.org/wiki/Lightyear_(film)" rel="nofollow">https://en.wikipedia.org/wiki/Lightyear_(film)</a>