The Bill Comes Due, Disney Loses Top Spot To Rival Film Studio!

I have always held the position that businessmen and women should focus solely on business.

If you are in the game of making money then shut up and make money. Don’t protest, don’t push agendas, don’t get political, don’t try to ‘change the world.’ I can say the same thing for anything in life.

If you are a clergyman or a spiritual figure, focus on those things—not making money or pushing enterprise. everything has a time and a place.

Of course, Disney never got that memo. It’s no secret that the entertainment giant has been struggling financially as it continues to lose audiences and ultimately market share for their products.

For the first time in eight years, the massive children’s entertainment company’s film production division has lost the top spot to a rival.

NBC-Universal Studios now ranks as the highest-grossing film studio for 2023, with gross revenue of $4.9 billion compared to Disney’s $4.8 billion.

This narrow lead may just be the beginning of Disney’s loss of prominence as an entertainment company and a stark reminder that boycotts really do work. Here’s the latest data:

Highest-grossing studios in 2023

1. Universal $4.9 billion
2. Disney $4.8 billion
3. Warner Bros $3.8 billion
4. Sony $2.1 billion
5. Paramount $2 billion

It's the first time since 2015 Disney wasn't the global box office leader

— Morning Brew ☕️ (@MorningBrew) January 3, 2024

Universal Pictures is the highest grossing studio at the 2023 box office.

First time since 2015 that Disney has not been #1. pic.twitter.com/ifq22kv00H

— DiscussingFilm (@DiscussingFilm) January 2, 2024

According to Variety:

For the first time in a long time, Disney didn’t have one of the top three movies — those spots belong to Warner Bros.’ “Barbie” ($1.4 billion) and Universal’s “The Super Mario Bros. Movie” ($1.3 billion) and “Oppenheimer” ($950 million).

It’s also the first time since 2014 (except for the pandemic-stricken 2020 and 2021) that none of Disney’s movies crossed the $1 billion benchmark.

The Hollywood Reporter presented these stats and explained: “Universal’s film empire is taking a bow after placing No. 1 in market share at the 2023 global box office, a feat no studio has been able to pull off since Disney rose to dominance in 2016.”

Universal’s film empire is taking a bow after placing No. 1 in market share at the 2023 global box office, a feat no studio has been able to pull off since Disney rose to dominance in 2016 https://t.co/pVIXPoAiYH pic.twitter.com/LUZOUPTwwV

— The Hollywood Reporter (@THR) January 5, 2024

Universal Eclipses Disney As Highest-Grossing Studio Of 2023 Thanks To ‘Super Mario,’ ‘Oppenheimer,’ And Others https://t.co/AJZdIq6yeN pic.twitter.com/kDmg8bsX7Q

— Daily Wire News (@DailyWireNews) January 3, 2024

Breitbart touched on just some of the company’s troubles:

The dethroning of Disney marks the latest piece of bad news for the beleaguered studio, which is seeing returned CEO Bob Iger flounder in his job.

The company experienced a bloodbath in 2023 in the form of 7,000 layoffs worldwide, with more cuts to come.