So, while executives pat themselves on the back for their “virtue,” their studios are plunged into debt. According to public filings, as of late 2025, Disney’s debt is roughly $35.3 billion and Warner Bros. Discovery’s debt stands at approximately $33.5 billion. Cinema attendance continues to decline, with annual box office receipts in North America struggling to reach $9 billion. In a world where production and marketing costs have skyrocketed, these numbers represent a dying industry.
It turns out that audiences prefer to be entertained rather than hectored. If people wanted a sermon, they’d probably just stick to church. I’ll make a prediction right now: if things don’t change, they won’t be making movies on those legendary big studio lots in five years’ time — they’ll be selling them off as prime real estate for luxury condos. You can’t continually patronize and insult your customers and expect to keep the lights on.