Disney Admits Star Wars and Moana Underperformed at the Box Office

Disney CEO Josh D'Amaro admitted that two recent films underperformed at the box office. 'Star Wars: The Mandalorian and Grogu' earned $81 million in its debut over Memorial Day weekend but only brought in $345 million worldwide, far below previous 'Star Wars' film releases.

The live-action remake of 'Moana', which featured Dwayne Johnson returning as Maui, opened last month and has so far earned $262 million worldwide on a reported production budget of $250 million. Disney is expected to lose $100 million in theaters for the movie.

D'Amaro maintained that these films were not outright busts for the studio, but rather contributed to merchandise sales, drove people to theme parks, and increased engagement in gaming.