Disney is really having problems....most of it due to pushing "the message" vs providing actual family entertainment that people WANT to see, especially with their children.
Nah, the troubles started long before the so-called push of "the message" (a claim popularized by Youtubers like "Critical Drinker"). It's the same problem plaguing the general super-hero franchises (MCU, DC.)
And the problem is due to excessive budget costs to create content rather than stories. A movie needs to make at least 3 times the budget to break even and recoup the investment. That's hard to do with films with budgets comparable to a small 3rd world country.
Compared that to movies like "Godzilla Minus One" with a budget of $15M. It only needs to make $45M to be a product-launching success. It is a lot easier to pull that off, even in a niche movie market, than with something costing a quarter billion dollars (in particular if it is yet another rehash of content, like Fast and the Furious XXII with an octogenarian Vin Diesel madly dashing on a walker)
This is very similar to product management in general, and software development in particular. Divide and conquer. Minimum viable product. Launch small and fail fast. Hollywood would do well creating small, one-time hits with moderate budgets.
Instead, we have a content glut. Not even a story glut, but a content glut anchored about stories retold, reimagined ed and deconstructed so much that people don't care to spend a lot of money on the movie theater. We have to watch the entire MCU crap to get an idea of what each movie is about and what the story is like.
We don't need that with discrete productions (of which any sequel could/should come organically, if at all.)
This is made worse by our glut for streaming content. That makes big-blockbuster movie productions a losing proposition for everyone, Disney included.
On top of that, most of these production companies jumped into the streaming business in order to create walled gardens without fully understanding the insane operational costs.
Disney launched its own crap, and for what? Disney does not produce enough content to justify running its own streaming platform. Unlike HBO (which produces TV series), it creates blockbusters, mostly for kids, the stuff I still buy on DVD to watch on discount at Walmart. The only time in recent memory that I subscribed to Disney was to watch "Andor", and that's it (and when the Mandalorian came out, to watch it with my kids.)
For most production companies, it is a better business model to license their products to other streaming services. Disney is learning the hard way.
The whole "sending the message" thing is real, but just incidental, and only a fractional (and more recent) reason. Disney's reasons for bleeding money are more complex than that.
And to pretend that it is because of ... "the message", that's "sending a message" onto itself.
Don't look for narratives (in particular narratives passed as informed opinions). Look for data and metrics instead (with a watchful eye for correlations vs relations.)