00:00Disney is acknowledging that its most recent Star Wars movie did not meet expectations at
00:04the box office. Disney CEO Josh DeMauro told investors on an earnings call on Wednesday
00:10that Star Wars The Mandalorian and Grogu underperformed for the company.
00:18However, DeMauro says that the film did drive revenue to other parts of the business.
00:23He said, even when our franchise films don't meet our box office expectations,
00:27as with The Mandalorian and Grogu and the live-action Moana,
00:31our investments in these core properties fuel other parts of our company. He continued,
00:36The Mandalorian and Grogu drove healthy growth in retail sales for the Star Wars franchise
00:41and drew guests to the updated Millennium Falcon attraction at Disneyland and Walt Disney World
00:46and led to significant engagement in gaming as well. And the live-action Moana is expected to
00:51be a strong title on Disney+, building on the success of the original film, which is one of
00:56the most streamed movies of all time. The admission follows plenty of debate online
01:00and in the press over The Mandalorian and Grogu's box office performance. The title
01:05grossed $345 million globally. The prior low for a live-action feature in the Star Wars franchise
01:11was 2018's origin story Solo, which grossed $392 million. However, hopes are high for Disney's
01:18next Star Wars effort, Star Wars Starfighter with Ryan Gosling, which is set to be released on May 28,
01:242027. For more on this story, go to THR.com. This is The Hollywood Reporter News.
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