Disney's Newest Movie Will Lose $100 Million In Theaters, Report Says

Disney's newest movie, the animated film Strange World, was a box office disappointment and could lose $100 million during its theatrical run.

Variety reports that the movie made $11.9 million over the weekend in the US and $18.6 million for the five-day Thanksgiving holiday period--this missed expectations of up to $40 million.

With a three-day start of $11.9 million, Strange World had one of the worst starts domestically for any Disney film in recent times. It did pace ahead, however, of West Side Story ($10.5 million), though that film debuted during the earlier days of the pandemic.

Last year, Disney released Encanto during the Thanksgiving weekend, and it earned $27.2 million for the three-day weekend and $40 million for the extended five-day period.

Sources told Variety that Strange World will lose at least $100 million from its theatrical run. Sources said the film needs to make $360 million to break even to cover the $180 million production costs and millions in marketing and distribution fees. The film will eventually no doubt come to Disney+ and other at-home video-on-demand services, but Variety's sources said Strange World will have a difficult time turning a profit.

Disney is going to be just fine. Not every film the company releases will be a success. And don't worry too much about Disney. The company's 2022 films have collectively earned more than $3 billion at the box office already this year, and Avatar: The Way of Water's release is still coming up.

Strange World features the voices of Jake Gyllenhaal, Gabrielle Union, Lucy Liu, Dennis Quaid, and Alan Tudyk.