Disney Stock Plunges 3.21% Amid Snow White Flop, Tax Scandal

On April 3, 2025, The Walt Disney Company's stock experienced a 3.21% drop in pre-market trading, reflecting investor concerns and market sentiment.

The recent financial performance of Disney's live-action film "Snow White" has raised significant concerns. The movie, which was expected to be a major box office success, is now projected to incur a substantial loss of $1.15 billion. This underperformance is attributed to several factors, including controversial casting decisions and a lackluster reception from audiences. The film's total cost, including production and marketing expenses, amounted to $4.1 billion, far exceeding its projected earnings. The disappointing box office returns have led to a significant drop in investor confidence, contributing to the recent stock price decline.

Additionally, Disney is facing challenges related to its association with Korean actor Kim Soo-hyun. Kim is currently under investigation for alleged tax evasion, which has sparked widespread controversy and negative publicity. The potential legal and financial repercussions for Kim could also impact Disney's projects involving him, further complicating the company's current situation. The uncertainty surrounding these issues has added to the market's cautious stance towards Disney's stock.