Breitbart Reports:  The Disney Grooming Syndicate lost even more money on its woke Little Mermaid remake than had been reported.

Previous budget reports said the movie cost $250 million to produce. The actual budget, per this report at Forbes, was $300 million, which does not include promotion costs.

The only reason we know the truth is because Disney wanted tax credits from the United Kingdom, where much of the movie was filmed, and the UK doesn’t put up with bookkeeping shenanigans the way we do here in America.

In the U.S., studios can and do lie about budgets all day long. First, they lie about the movie costing less than it actually did so it looks like a hit. Then the studios lie about it costing more than it actually did so they don’t have to pay out that backend money.

So, to try and make The Little Mermaid look like it might have actually made a profit, the number of $250 million leaked out somehow. Nope. More like $300 million, and it seems benevolent on my part to add only $100 million to the budget for promotion, which would make the total budget $400 million.

Unfortunately for the Disney groomers, The Little Mermaid flamed out at the worldwide box office with an anemic $567 million haul. When you’ve spent $400 million on a movie that grosses $567 million from a box office where about 50 percent of that $567 million stays with exhibitors, you are looking at a serious loss.