Disney's Costly Flops of 2023: A Billion Dollar Fail

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Since the return of Bob Iger as the company’s CEO in November of the previous year, Disney has been on a mission to cut costs across the board. Iger stressed the need to reduce expenses, acknowledging that while they are proud of their screen offerings, the budgets have become exorbitant.

Typically, specific budget details for movies and shows are kept confidential, with studios consolidating costs. However, an exception lies with productions made in the UK. Disney has been taking advantage of cash reimbursements of up to 25% for expenses incurred in the UK. Consequently, they filmed four of their costliest productions in the UK, which also turned out to be their most underwhelming releases.

The first disappointment came in February with Marvel Studios’ Ant-Man and the Wasp: Quantumania. Despite spending a whopping $193.2 million on pre-production and filming, the movie received lukewarm reviews and earned less than its predecessors, grossing $476.1 million worldwide.

In May, the live-action adaptation of The Little Mermaid struggled to make waves. With an expenditure of $265.5 million, the film faced criticism for its modernized approach and questionable CGI, though it managed to be profitable.

The much-anticipated Indiana Jones and the Dial of Destiny premiered in June. Although the de-aged Harrison Ford impressed in the trailers, the movie came with a hefty price tag of $294.7 million, and with a box office return of $357.9 million, it may end up as a loss for Disney.

Finally, Disney+ saw its own letdown with Secret Invasion. Despite a $211.6 million budget, the show received criticism for its lackluster CGI and plot holes, leading to a dismal 7% rating on Rotten Tomatoes.

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Twitch will “ban” Kai Cenat over NYC giveaway riot

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Peace talks between Russia and Ukraine have failed to bring about much in the way of peace between the two nations.

But why has China – one of Russia’s most important allies of late – decided to join the talks?

China has joined recent peace talks between Russia and Ukraine held in Saudi Arabia.

This is after snubbing previous talks held in NATO-member Denmark.

China has long been one of Russia’s most important allies, especially as the invasion of Ukraine stretches into its 17th month.

Some analysts have suggested China’s attendance in Saudi Arabia signals a possible shift in Beijing’s approach to the situation though how much this is the case remains to be seen.

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Over a million people have been relocated as flood water from Typhoon Doksuri has been relocated to save Beijing from flooding.

In northern Hebei province, which is home to over 100 million people, people are angry as they feel they have been sacrificed to save Beijing.

The leader of the province said he was trying to build a “moat” for the capital, a statement that only further fuelled anger among residents.

So what has been more damaging to China? The flood water or how it was handled?

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A quadriplegic man in the United States has regained his touch and movement after surgeons successfully implanted micro trips into his brain. Artificial intelligence plays a role as it is used to read, interpret, and translate demands thoughts into actions.

Oz Sultan, the Chief Strategist with the Sultan Interactive Group joins Veronica Dudo to discuss. #ai #aisurgery #medicalnews

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