This is an interesting video.
Disney has almost "died" multiple times throughout its history and it always seems to bounce back.
During World War II, the studio was literally taken over by the U.S. Army and also struggled due to the closure of foreign markets. Things were so bad that by the time "Cinderella" (1950) was in production, Walt told his animators, "Boys, if 'Cinderella' doesn't make it, we're through." And "Cinderella" was a huge hit.
In 1984, there was an attempted hostile takeover by corporate raiders who wanted to split up the company and sell off the parts. This led Walt's nephew Roy E. Disney to usher in Michael Eisner and Frank Wells as the new heads of the company.
Shortly after they took over, Disney released "The Black Cauldron" (1985), which was such a flop, they almost considered shutting down the animation studio. Just 4 years later, they released "The Little Mermaid," which kicked off the Disney Renaissance.
In 1992, Disney opened Euro Disneyland (now Disneyland Paris). The park's initial financial failure had a ripple effect, slashing budgets throughout the company.
By the mid-2000s, Disney's in-house animated films like "Home on the Range" and "Chicken Little" were no longer capturing the popular zeitgeist. Their new "budget parks" like California Adventure and Walt Disney Studios Paris were also poorly received. DreamWorks Animation was now a major competitor with their "Shrek" franchise, built on Jeffrey Katzenberg's spite for Disney. And Eisner had alienated Disney's creative collaborators. Pixar was considering taking their popular films to a different distributor. This got far enough along that Disney set up a studio called Circle 7, whose purpose was to make sequels to the Pixar films that Disney already owned the rights to.
Eisner was kicked out and replaced with Robert Iger, who bought Pixar and put their "Brain Trust" in charge of all Disney animation. This eventually led to the Disney Revival, which arguably peaked in 2014 with "Frozen."
Besides the factors that the video discusses, one thing I find interesting about the current "death" of Disney is how the company spent years chasing a certain demographic, only to alienate them.
During Eisner's time, he was concerned that his teenage son, Breck, considered Disneyland "lame." So he partnered with George Lucas to bring in the sort of non-Disney properties that demographic would enjoy, creating popular attractions like Star Tours and Indiana Jones Adventure.
The film studio, meanwhile, had been unsuccessfully trying for years to make something that would capture the "Breck Eisner"-type teenage male demographic. Films like "The Black Hole" (1979), "Dick Tracy" (1990) and "Atlantis: The Lost Empire" (2001), to name a few, none of which brought in the numbers Disney was looking for. So eventually, Iger basically said, "Let's just buy what they already like," which led to wild success with the Marvel Cinematic Universe and "Force Awakens."
With more recent films, it feels like Disney said, "Well, we've got that demographic's money. We don't need to impress them anymore. Who else's money can we get?" And basically put all their efforts into targeting the "highly politically engaged college student that hates escapism" demographic. (I'm sure they have a more technical term for it.)
Meanwhile, the animation studio seems like they've eliminated or downplayed a lot of the elements that were always popular in their films. Romance, comic relief animal sidekicks and over-the-top villains, to name a few. We haven't had a proper Disney villain since, arguably, Mother Gothel in "Tangled" (2010).