Disney Stock Plunges 3.26% Amid Snow White Flop

On April 3, 2025, The Walt Disney Company's stock experienced a significant drop of 3.26% in pre-market trading, reflecting investor concerns and market sentiment.

The recent release of Disney's live-action remake of "Snow White" has been met with substantial criticism and financial setbacks. The film, which cost a staggering $4.1 billion to produce, is projected to incur a 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 second-week box office earnings plummeted by over 66%, indicating a rapid decline in interest and viewership.

Adding to Disney's woes, the company is also grappling with the fallout from allegations of tax evasion against Korean actor Kim Soo-hyun, who stars in the upcoming series "Mountain Man." The controversy has led to widespread calls for a boycott of the series, with fans demanding that Disney take action. The company has responded by stating that the series is not part of its current release schedule, but the damage to Disney's reputation and potential financial losses remain significant.