BREAKING: Disney film president OUT immediately after woke remake flops

Bailey has been in his role as a production president with Disney for 14 years and produced the live-action Aladdin, a more realistic version of The Lion King, and the live-action Beauty and the Beast. His latest remakes, however, have been less successful. He produced The Little Mermaid remake and The Haunted Mansion, which faired poorly at the box office.

Bailey will be replaced by co-president of Searchlight Pictures, David Greenbaum. "Our job now is to build worlds," Bailey said in 2011.

Disney has been struggling in recent months as their films have fallen flat with the American public. They have leaned hard into progressive messaging and been met with derision by long time fans, parents, and children. In a filing with the SEC in November, Disney even admitted that the "woke" programming has been bad for business.

“Generally, our revenues and profitability are adversely impacted when our entertainment offerings and products, as well as our methods to make our offerings and products available to consumers, do not achieve sufficient consumer acceptance," the filing with the SEC read.

In response to Disney's failures, new entities have sprung up to fill the children's entertainment void. Daily Wire has even begun production on a life-action Snow White and the Seven Dwarfes as Disney sent their own remake version of that film back to the drawing board after being mocked for bizarre inclusivity inspired casting choices.

Netflix, too, has been doing far better than Disney and landed about 100 million more subscribers than Disney in 2023. Disney also faced a battle in Florida over their tax status after getting into very heated disagreements with that state's governor over his parental rights policies.