‘Strange World’ To Lose $147M: Why Theatrical Was Best Decision For Doomed Toon –Not Disney+– As Bob Iger Takes Over CEO From Bob Chapek

deadline.com:

Death, taxes and films that bomb at the box office. Such is life in Hollywood, and at the end of the day, the estimated $147M loss which is expected for Disney Animation’s Strange World isn’t spilt milk to cry over for the entertainment conglomerate.

The bombing of the Thanksgiving family title, with a $28M global opening, in the face of Netflix’s theatrical experiment with Glass Onion: A Knives Out Mystery, with $13.3M over 5-days, has prompted discussion this weekend as to what’s really prime for theatrical and what’s really ideal for streaming.

Noquestion about it, Netflix is leaving money on the table in their $400M-plus investment in the Knives Out franchise with a one week only theatrical only release before its Dec.

23 streaming drop. However, Disney aren’t idiots for committing to a global theatrical release, even if its not full, for Strange World which will debut on Disney+ around Christmas.