DISNEY IN A PANIC! Stock DROPS MORE As AVATAR 2 TANKS! Nothing Is Working And Iger Cant Fix It!

Go woke, go broke! Disney stock on its way to worst year since 1974 after ‘Avatar’ sequel fails to make up for string of flops and a country-wide snow storm keeps people out of movie theaters during an absolutely crucial weekend for the film.

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Go woke, go broke! Disney stock on its way to worst year since 1974 after ‘Avatar’ sequel fails to make up for string of flops
https://www.dailymail.co.uk/news/article-11567283/Disney-stock-way-worst-year-1974-Avatar-sequel-disappoints.html

Disney's stock price is down 45 percent and on track for the company's worst annual stock performance in nearly 50 years after a somewhat tepid opening for the sequel Avatar: The Way of Water.

The House of Mouse - which is already planning to freeze hiring and cut some jobs - has seen disappointing results beyond the James Cameron film - in streaming services Disney+ and other 'woke' flop films like Strange World and Lightyear.

Avatar: The Way Of Water made $434.5million at the box office during its global debut, according to studio estimates Sunday, after director James Cameron said it needs to earn $2billion to break even.

While the numbers aren't a flop, they're still behind the company's stock price dropping nearly eight percent and putting it on course for its worst finish since 1974.

Disney's stock price is down 45 percent and on track for the company's worst annual stock performance in nearly 50 years after a somewhat tepid opening for sequel Avatar: The Way of Water
Disney's stock price is down 45 percent and on track for the company's worst annual stock performance in nearly 50 years after a somewhat tepid opening for sequel Avatar: The Way of Water

The franchise - which has at least one further film in the can and potentially more - made $134million from North American theaters and another $300.5 million internationally for a $434.5million global opening.

'The Way of Water' tied with 'The Batman' as the fourth highest domestic debut of the year, finishing behind several Marvel blockbusters like 'Doctor Strange in the Multiverse of Madness' ($187.4million May), 'Black Panther: Wakanda Forever,' ($181million in November) and 'Thor: Love and Thunder' ($144.2million in July).

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Disney was shooting for $500million worldwide, according to Forbes, which has caused a down reaction to the box office results.

It has been a troubling year for Disney, with Disney+ losing money despite increasing subscribers. The streamer lost $1.5billion in 2022, up from $630million in 2021.

Perhaps the biggest hit the company has taken was over outgoing CEO Bob Chapek's handling of Florida's supposed 'Don't Say Gay' bill. It was reported that Chapek was fired after receiving several internal complaints from senior staffers that the exec was running the company into the ground.

The former CEO Bob Iger - who made a shock return to the top job last month - publicly and privately stated he disliked how Chapek handled everything, from the battle with Ron DeSantis, which led to the company losing major tax breaks, to self-governance, to Scarlett Johansson's contract dispute over Black Widow.

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Bob Iger made it clear he believed hiring Chapek as his successor was a mistake
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Iger went as far as to call Chapek (pictured) a 'novice' and told Disney sources that it was one of his worst business decisions to have Chapek, 61, replace him
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Bob Iger (pictured left) fought the decision to name his controversial successor Bob Chapek (pictured right). He made a shock return to the top job last month

Iger and Chapek apparently clashed over the company's response to Covid and their political decisions, with the two having completely different advisory teams
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Iger and Chapek apparently clashed over the company's response to Covid and their political decisions, with the two having completely different advisory teams

Iger allegedly said he didn't know Chapek was such a 'novice' when it came to handling these issues.

Chapek, for his part, was allegedly angry with Iger for continuing to meddle in affairs he felt were his to deal with, especially during Covid, calling Iger's offer to help during the pandemic 'a slap in the face' according to one executive.