"Atlantis: The Lost Empire" was considered a flop for several reasons. Firstly, it diverged from the traditional Disney formula by incorporating a darker tone and more mature themes, which did not resonate with family audiences. Additionally, the film faced stiff competition from other animated releases, particularly "Shrek," which appealed to a wider demographic. Its marketing was also criticized for being unclear, failing to effectively promote the film's unique aspects. Ultimately, the movie underperformed at the box office, earning less than its production budget.

In "Atlantis: The Lost Empire," Atlantis is depicted as a legendary underwater city located in the North Atlantic Ocean, hidden from the outside world. The film presents a fictionalized version of the myth, showcasing Atlantis as an advanced civilization with unique technology and culture. The protagonist, Milo Thatch, embarks on an expedition to find this lost city, which is revealed to be submerged beneath the ocean, surrounded by magical and ancient elements that contribute to its mystique.

"Atlantis: The Lost Empire" is a work of fiction and not historically accurate. The film is inspired by the ancient myth of Atlantis, first mentioned by Plato, which describes a lost civilization that supposedly sank into the ocean. While the movie incorporates various elements of mythology, adventure, and steampunk aesthetics, it takes significant creative liberties with the story, characters, and settings. The depiction of Atlantis in the film is a blend of fantasy and imaginative storytelling rather than a representation of historical events or facts.

As of October 2023, there have been discussions and rumors about a live-action adaptation of "Atlantis: The Lost Empire," but no official confirmation or release date has been announced. Disney has shown interest in revisiting its animated classics, and fans have expressed enthusiasm for a live-action version. However, until any official news is released, the project remains speculative. Keep an eye on entertainment news for updates on potential developments regarding this adaptation.