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I was only 6 at the time. So can some of you run down for me how it nearly killed Disney studios? Why do you feel it was poorly received? Too far removed from a standard Disney flick? Or just a terrible movie?

I believe your right, in that years ago, it started as a placeholder for a Disney live action fairy tale film. But there are currently no Disney fairy tale movies that far in production that could be released on this date. My best guess is that it will end up being the release date for the film...