Netflix slumps as Elon Musk ramps up calls for boycotts on the streaming giant

Netflix shares slumped Thursday, down for the third straight day, as Elon Musk continued to push for users to cancel their subscriptions to the streaming giant.

The backlash centers mostly on Netflix’s animated series “Dead End: Paranormal Park,” though Musk has also referenced “The Baby-Sitters Club,” shows that touch on transgender themes. On Tuesday, he replied “Same” to a user who said they’d canceled Netflix, confirming he had too. Early Wednesday he urged, “Cancel Netflix for the health of your kids.”

Musk continued to back a boycott on Thursday, resharing to his 227 million X followers several posts of users canceling their accounts and highlighting cultural criticisms around the show.

Netflix stock has performed well this year, rising about 30%.

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Disney could be well on its way to its third billion-dollar film of the year following a $345 million opening weekend for “Avatar: Fire and Ash.” The film’s opening gross puts the “Avatar” franchise’s total box office earnings at $5.6 billion — and counting.

The latest film, the second “Avatar” entry under Disney’s tent, earned about 75% of its total box office gross internationally — in line with previous movies in the (as of now) trilogy. Domestically, this one earned $88 million, falling short of expectations.

“Fire and Ash” was the widest Imax release ever, debuting on 1,703 screens globally and earning $43.6 million through the format. The $345 million “Fire and Ash” opening weekend was the second-highest of 2025, behind Disney’s “Zootopia 2,” which recently passed the $1 billion mark, globally.

Year to date, Disney has earned $5.8 billion globally at the box office.

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What are America’s favorite Christmas movies?

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In less than 3 weeks, Disney’s “Zootopia 2” becomes the second billion-dollar film of 2025

The global film industry officially has its second billion-dollar film of the year, as Disney’s “Zootopia 2” surged past the $1 billion box office mark in just 17 days. The other billion-dollar film this year, the live-action “Lilo & Stitch,” was also made by Disney.

“Zootopia” was the fastest to reach 10 figures of any animated film. The animated hit, which had the highest-grossing global debut of the year over Thanksgiving weekend, has benefited from massive numbers in China.

Disney also logged two billion-dollar films last year with “Inside Out 2” and “Moana 2.” (The latter also came out over the Thanksgiving holiday.) The only other film to cross the mark in 2024 was “Deadpool and Wolverine,” which featured Disney’s IP.

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