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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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China conducts ‘punishment’ war games near Taiwan

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China initiated military ‘punishment’ exercises in the waters surrounding Taiwan in response to the newly inaugurated President Lai Ching-te.

These drills come amid escalating tensions in the region, with Beijing asserting its sovereignty over Taiwan, denouncing the inauguration of President Lai Ching-te and labelling this one of several “separatist acts”, as reported by Reuters.

These military manoeuvres are seen as a show of force and a warning to Taiwan and its supporters against any moves perceived as challenging China’s territorial claims.

President Lai has repeatedly offered talks with China but has been rebuffed.

He says only Taiwan’s people can decide their future, and rejects Beijing’s sovereignty claims.

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Money

Apple Music’s controversial top 10 albums of all time

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Apple Music has released its highly anticipated “100 Best Albums of All Time” list, with the top 10 rankings causing a bittersweet symphony of destruction for some music lovers.

The list was curated by a panel of experts and based on various factors including cultural impact, critical acclaim, and commercial success, with the aim to celebrate the most influential and timeless albums across genres.

As reported by the official Apple Music Newsroom blog post, the top ten best albums of all time are the following:

10. Lemonade (2016), Beyoncé

9. Nevermind (1991), Nirvana 

8. Back to Black (2006), Amy Winehouse

7. good kid, m.A.A.d city (2012), Kendrick Lamar

6. Songs in the Key of Life (1976), Stevie Wonder

5. Blonde (2016), Frank Ocean

4. Purple Rain (1984), Prince & The Revolution

3. Abbey Road (1969), The Beatles

2. Thriller (1982), Michael Jackson

1. The Miseducation of Lauryn Hill (1998), Lauryn Hill

In other news, Apple recently became the first company to hit a $3 trillion stock market value, before falling just below that milestone, as reported by Reuters.

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Leaders

Essential daily protein needs for better health

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Protein is a fundamental macronutrient essential for various bodily functions, including muscle repair, enzyme production, and immune system support.

Daily protein requirements can vary significantly based on factors such as activity levels, age, and gender.

To help unpack this topic, Kate Save from BeFitFood joins to share her key insights. #featured

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