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Disney’s Costly Flops of 2023: A Billion Dollar Fail

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Disney recently disclosed that it incurred a staggering $965 million loss due to four major film and streaming flops in 2023.

Since the return of Bob Iger as the company’s CEO in November of the previous year, Disney has been on a mission to cut costs across the board. Iger stressed the need to reduce expenses, acknowledging that while they are proud of their screen offerings, the budgets have become exorbitant.

Typically, specific budget details for movies and shows are kept confidential, with studios consolidating costs. However, an exception lies with productions made in the UK. Disney has been taking advantage of cash reimbursements of up to 25% for expenses incurred in the UK. Consequently, they filmed four of their costliest productions in the UK, which also turned out to be their most underwhelming releases.

Marvel’s bomb

The first disappointment came in February with Marvel Studios’ Ant-Man and the Wasp: Quantumania. Despite spending a whopping $193.2 million on pre-production and filming, the movie received lukewarm reviews and earned less than its predecessors, grossing $476.1 million worldwide.

The Little Mermaid

In May, the live-action adaptation of The Little Mermaid struggled to make waves. With an expenditure of $265.5 million, the film faced criticism for its modernized approach and questionable CGI, though it managed to be profitable.

Indiana Jones

The much-anticipated Indiana Jones and the Dial of Destiny premiered in June. Although the de-aged Harrison Ford impressed in the trailers, the movie came with a hefty price tag of $294.7 million, and with a box office return of $357.9 million, it may end up as a loss for Disney.

Disney+

Finally, Disney+ saw its own letdown with Secret Invasion. Despite a $211.6 million budget, the show received criticism for its lackluster CGI and plot holes, leading to a dismal 7% rating on Rotten Tomatoes.

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Ukraine presents US-backed peace proposal to Russia

Ukraine presents US-backed peace proposal to Russia amid ongoing drone strikes and escalating tensions

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Ukraine presents US-backed peace proposal to Russia amid ongoing drone strikes and escalating tensions

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In Short:
– Ukrainian President Zelenskyy offered a 20-point peace proposal to Russia to end the four-year war.
– The plan requires Russian troop withdrawal and includes NATO-like security guarantees for Ukraine’s defence.

Ukraine has formally presented a US-backed 20-point peace proposal to Russia, offering a potential framework to end the nearly four-year war. President Volodymyr Zelenskyy unveiled the revised plan on December 23 after weeks of negotiations with American officials and formally delivered it to the Kremlin on December 24. The proposal includes NATO-style security guarantees, demilitarized zones in eastern Ukraine, and other measures designed to secure Ukraine’s sovereignty while reducing the risk of future conflict.

Under the plan, Ukraine would maintain a peacetime force of 800,000 troops and remain a non-nuclear state, with “Article 5-like” guarantees from the United States, NATO, and European partners. Territorial arrangements would require Russian forces to withdraw from parts of Dnipropetrovsk, Mykolaiv, Sumy, and Kharkiv regions. Zelenskyy also floated the creation of demilitarized “free economic zones” in parts of Donetsk Oblast, but only if Russian troops pull back as well. One of the most contentious issues remains the Zaporizhzhia nuclear power plant, with the US proposing joint management by Ukraine, Russia, and the US, while Zelenskyy countered with a Ukraine-US partnership giving Americans oversight of their allocated energy share.

Fragile reality

Even as peace efforts advanced, the conflict raged on. On Christmas night, Russia launched 131 drones across Ukraine, with 106 intercepted by Ukrainian forces but 22 hitting 15 locations. The attacks killed at least two people and caused widespread power outages in several regions. The strikes highlighted the fragile reality of negotiations, showing that the road to peace remains perilous.

Moscow has confirmed that President Vladimir Putin has been briefed on the proposal, though Russian officials have repeatedly rejected key provisions, including NATO-style security guarantees and territorial concessions. The agreement would be overseen by a Peace Council chaired by US President Donald Trump, with violations triggering automatic sanctions. Ratification would require either approval by Ukraine’s parliament or a nationwide referendum within 60 days, with a full ceasefire taking effect immediately once all parties accept the deal.

The plan represents the most comprehensive effort yet to bring Ukraine and Russia to the negotiating table, balancing security guarantees, territorial compromises, and oversight of strategic infrastructure. However, with ongoing attacks and deeply entrenched positions on both sides, analysts warn that achieving lasting peace will require unprecedented diplomacy and international cooperation.


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Newly unsealed Epstein emails raise questions about Prince Andrew

Epstein emails implicate Prince Andrew in inappropriate conduct as pressure mounts for his cooperation with U.S. authorities

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Epstein emails implicate Prince Andrew in inappropriate conduct as pressure mounts for his cooperation with U.S. authorities

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In Short:
– The U.S. Justice Department released documents showing Ghislaine Maxwell’s emails linking Prince Andrew to Jeffrey Epstein.
– Andrew denies involvement with Epstein, settling a lawsuit without admitting guilt amidst rising scrutiny.

Nearly 30,000 pages of Jeffrey Epstein-related documents were released by the U.S. Justice Department, including emails from 2001 between Ghislaine Maxwell and an individual signing as “A” from Balmoral. One email, signed “The Invisible Man,” asked Maxwell for “new inappropriate friends,” sparking renewed scrutiny of Prince Andrew’s connections.

Subsequent evidence suggests the sender may have been Andrew Mountbatten-Windsor, referencing personal details consistent with his life, including the death of his longtime valet and leaving the Royal Navy. A 2002 email further described “Andrew” as a “very English-sounding gentleman” coordinating a trip to Peru with requests for specific companions.

The documents reveal that U.S. prosecutors sought to interview Mountbatten-Windsor over two criminal investigations, citing evidence he engaged in sexual conduct involving one of Epstein’s victims. Despite mounting pressure and losing his royal titles, he has denied wrongdoing, settling a civil lawsuit without admitting guilt.


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Pope Leo XIV addresses Gaza crisis during Christmas Mass

Pope Leo XIV highlights Gaza humanitarian crisis during first Christmas Mass, urging dialogue and addressing severe conditions for displaced Palestinians

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Pope Leo XIV highlights Gaza humanitarian crisis during the first Christmas Mass, urging dialogue and addressing severe conditions for displaced Palestinians

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In Short:
– Pope Leo XIV urged awareness of the Gaza crisis and the hardships faced by Palestinians during his Christmas Mass.
– He expressed concern for global homelessness and called for dialogue as essential for achieving peace.

Pope Leo XIV used his first Christmas Mass at St. Peter’s Basilica to deliver a powerful and deeply human message, placing the humanitarian crisis in Gaza at the centre of his inaugural Christmas address. Drawing on the story of Jesus’ birth, the pontiff made a stark comparison to the lives of displaced Palestinians, asking how the world could ignore families living in tents, exposed to weeks of rain, wind and cold. His remarks set an early tone for his papacy — one grounded in compassion, moral urgency and advocacy for those caught in conflict.

Massive shortfall

The Pope’s comments come as conditions in Gaza continue to deteriorate sharply. An estimated 1.3 million Palestinians are in urgent need of shelter this winter, with recent storms destroying approximately 110,000 tents. Humanitarian organisations report deaths due to exposure among vulnerable groups, including children and the elderly. The Norwegian Refugee Council says just 15,600 tents have been delivered so far, leaving a massive shortfall, while restrictions on the entry of shelter materials have compounded the crisis and intensified suffering across the region.

Beyond Gaza, Leo widened his message to condemn the broader toll of war, speaking of the “fragile flesh of defenceless populations” harmed by global conflicts. He criticised those who send young soldiers into battle and stressed that peace can only be achieved through dialogue, not entrenched monologues. “There will be peace when our monologues are interrupted,” he said, urging leaders to recognise the humanity of the other. His upcoming Urbi et Orbi blessing is expected to address multiple global crises, reinforcing his diplomatic approach and his call for peace, solidarity and human dignity.


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