I did a little info gathering around the internet and was responding to someone on a FB posting on the Star Wars page that was calling for the “receipts” in my assertion that LFL under KK has grossly underperformed. I wrote it up and posted it. Then it was deleted by Star Wars. I reposted several times and it was removed each time.
Here it is…
This is a brief report of the overall financials of LFL under the reign of Kathleen Kennedy.
Here is a link to a report of the box office of the SW movies. https://observer.com/2020/08/star-wars-gross-profit-earnings-disney-box-office/
Here is a breakdown of net profits:
Rogue One: $320M
TLJ: $428M (Less than half of TFA)
Solo: -$200M (A Star Wars Movie that LOST money)
RoS: $300M (Projected to outperform Endgame, nowhere close)
The numbers for Solo and RoS are still not accurate, because of the massive reshoots and VFX being redone. Solo had to be about 80% rewritten and reshot. RoS had massive reshoots and additional VFX done up until a few weeks before release.
Adding the cost of marketing (separate from production budget) at about $35M per movie is another deduction of $175M.
According to those numbers, Disney’s net profit in merch sales are about $300M.
Then subtract the $2B that Disney sunk into their parks with the Kathleen Kennedy-inspired “Galaxy’s Edge”. Not as successful as it would have been had they stuck to the original plan of basing it in the OT and PT.
That brings us to a total of -$104M overall.
Add to this that Disney paid Lucas over $4.5B (some reports are as high as $5-6B when taking into account stock options) and we have an overall LOSS by Disney of $4.604 BILLION after owning the property for more than 8 years.
If that is not underperforming, I do not know what is.
Stockholders need to wake up and demand a change be made. Execs have been fired for much less in terms of incompetence.
Embrace the Dark Side, and you will find me there…Waiting. SithScorp
This topic was modified 1 month, 2 weeks ago by SithScorp. Reason: Adding a signature