Indiana Jones 5 Is A Disaster For Disney
Things aren’t looking good for Disney. Between the fight with Florida and a string of box office losses, the entertainment powerhouse really needed the fifth Indiana Jones to be a win. Unfortunately, it looks like the opposite is happening, and Indiana Jones and the Dial of Destiny is turning out to be a major loss for the studio, costing the conglomerate millions of dollars instead of bringing it in.
Indiana Jones and the Dial of Destiny is not going to make a profit for Disney, and has lost more money then famous box office bomb John Carter.
According to Fortune, the latest Indiana Jones flick cost a colossal amount of money to make and therefore needed a colossal amount of money to break even, let alone turn a profit. While it’s not the most expensive movie ever made (that honor goes to Star Wars: The Force Awakens with a budget of $447 million), Dial of Destiny is in the top 15 most expensive movies ever produced.
Indiana Jones 5 had a budget was $295 million, and after additional costs and marketing, needs $600 million just to break even. There was still hope that the film might have a chance, even after its disappointing box office debut that came in under expectations with a measly $60 million. But after being in theaters for nearly three weeks, the film has barely reached $300 million, and the numbers are rapidly declining.
In recent years, Disney has faced a series of distressing box office failures. Movies like Lightyear, Strange World, Ant-Man, and Pixar’s Elemental have all resulted in substantial losses for the studio.
Even Disney’s latest biggest hit, The Little Mermaid, barely stayed afloat through the box office and came out barely above even at $554.6 million (it needed $500 million to turn a profit). Unfortunately, it doesn’t look like Disney’s luck is going up with Indiana Jones.
The Little Mermaid and Elemental managed to make a profit for Disney, but Indiana Jones and the Dial of Destiny is hampered by a record production budget.
Between the return of Harrison Ford as the iconic titular character, the AI special effects, and the inclusion of the ever so popular Phoebe Waller-Bridge, Indiana Jones and the Dial of Destiny was supposed to be a surefire hit.
However, it proved to be a major financial disappointment for Disney. While there is still time for the box office numbers to pick up as the film remains in theaters, the hope of ever reaching the $600 million mark seems like a distant dream.
Disney’s stock prices are going down and people are starting to point fingers at Disney CEO Bob Iger, demanding a change in the studio’s luck.
The repercussions of the failure of the latest Indiana Jones installment extend beyond just one movie. The lackluster box office performances of other major productions over the past several years indicate a troubling trend for Disney.
Disney’s stock prices are going down and people are starting to point fingers at Disney CEO Bob Iger, demanding a change in the studio’s luck.
With the rise of streaming, the way people consume content is completely different than when Walt started the company 100 years ago in 1923.
It’s also completely different than it was when the first Indiana Jones movie came out in 1981. Iger has acknowledged that the traditional business model that built the company is broken now and has pledged to guide the company through its difficult times and come out a success story once again on the other side.
