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No, Aladdin made back the money, which is what they were expecting The Little Mermaid to do as well, but it hasn't done it overseas (yet) and it doesn't seem to be doing it domestically either.
We'll have to wait until all the money - including tie-in merchandise and the rest of it - is counted, but it's not doing as well as they had hoped. Even Forbes, with its "virulent racist campaign!" messaging, is aware of the performance it needs to turn in to be that blockbuster hit.
There's also Peter Pan & Wendy, another live-action remake, if it can be called a remake, which goes way further - the Lost Boys are now girls as well as boys but still called the Lost Boys not the Lost Children so shut up! Released on Disney+ instead of getting a theatrical release, on Rotten Tomatoes the critics give it 62% but the audience 11%.
Speaking of Rotten Tomatoes reviews, for The Little Mermaid, you can see "verified" or "all" reviews:
All Critics - 67%
Top Critics - 50%
I don't know what the difference is with a Top Critic, but you can see that they like it much less.
Audience opinion?
Verified Audience - 94%
All Audience - 57%
So if you just look at the ratings as Rotten Tomatoes presents them, you'll think "oh, it's a hit, audiences love it!" with 94% but that's not the whole story. Amazon did much the same for Rings of Power, getting IMDb to hide or ignore reviews that were less than 3 stars and shutting down reviews on Prime altogether.
The point is that Disney needs big hits because of the financial situation right now, so if it doesn't make Aladdin-type money then it's a flop for all intents and purposes, even if it makes a profit.
Oh yeah I think it's certainly going to end up being considered a massive flop, likely losing them upwards of a hundred million+. I put those production budget figures in for comparison's sake between the various movies, but making $450M on a $250M production budget would be a catastrophic loss, not a profit. Because there's also a huge marketing budget on top of that, and the box office revenue gets cut down by ~50% for the studio's share (the theaters get the other half).
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