There's not much to see or say - the initial box office was disastrous, and after the second week didn't have better than average legs, ruling out a Mufasa-style crawl to break-even, everyone (even in Hollywood) gave up any pretense the project as a whole won't lose $100M+, even after including Disney+ 'licensing' rights. (That money goes from Disney to Disney and doesn't really change the overall situation, after all.)
Even by Hollywood accounting standards, writing off $100M+ isn't easy, hence why Disney performatively put the Tangled remake was put on hold, while they wait to see how the Lilo & Stitch numbers turn out.
I still think Lilo & Stitch and Hercules can turn out small profits, but if the only window of Disney movies that can have profitable remakes are the blockbusters released between '89 and '02, that had a generation of kids constantly rewatching them on VHS/DVD, then Disney has just about mined that territory dry already.