Which became literal in 1979.
All of Disney's failures compounded and sparked what is known as The Disney Renaissance, a ten-year stretch of creative genius that resulted in The Little Mermaid, Aladdin, and Beauty And The Beast, the first animated film to be nominated at the Academy Awards for Best Picture.
So how is 1989 like now, aside from a rise of neo-conservatives to power, a wealth of politically conscious hip-hop, and a weird amount of denim jackets in circulation? Well, for example, Disney has been prioritizing everything else they own over their own movies for years.
While their subsidiary studios are hitting home runs, their proprietary studio is lucky to get a Zootopia once in a while. Since the failure of their "traditional" Disney style film, The Princess And The Frog, Disney has been making their junior studios a priority, simply because they know they can't compete. At this point, Disney is treating its most legendary arm like an afterthought. Marvel gets feted at Comic-Con every year and every Pixar release is a cultural force.
Compared to the output of those studios, their release of animated films has been at a crawl. Even the success of Frozen, the closest they've come in decades to reaching cultural saturation with their trademark animated fairy-tale music formula, has yet to be followed up on. Heck, when they absorbed Pixar in 2006, they named John Lasseter (who they had once fired for his ideas) as their new overseer. Think about that: They fired the man who came up with The Brave Little Toaster and years later, he's their boss. Which ... is kind of the plot of that movie. Metaphorically. If you think hard enough. Yeah, I don't care if I'm forcing meaning there.