Comment by rvz

Profitability is the new target in 2024. Not losing so much money on useless underperforming movies. Let's go through the recent Pixar flops in the years before since 2020.

   Onward (2020) - Budget:     $200 million
                 - Box Office: $142 million (Loss)

   Soul (2020)   - Budget:     $150 million
                 - Box Office: $121 million (Loss)

   Luca (2021)   - Budget:     >$100+ million
                 - Box Office: $49.8 million (Loss)

   Turning Red (2022) - Budget:     $175 million
                      - Box Office: $20.1 million (Loss)

   Lightyear (2022)   - Budget:     $200 million
                      - Box Office: $226.4 million (Tiny profit)

Apart from Elemental (2023) which was highly successful, there seems to be a string of more box office failures from Pixar recently and it being turned into a high cost factory. Disney saw the same and decided to let 20% from Pixar go.