Hollywood has been doing the "yes we are woke, eat shit and die" for the last decade. The giants like Disney don't care if they lose money because they are too big to fail and everyone else was high off of DEI corporate welfare.
Also Cats was hated day one for multiple reasons
1. It was furry shit
2. It had a garbage plot
3. The producers had a much larger budget than most musicals at the time that allowed it to spam advertising like crazy and to rent out large venues and keep the show running for an eternity, effectively force of will making it a hit quality be damn.
It's a running joke among the Broadway crowds that had the producers of Angels In America had the infinite deep pockets that Cats has, it would have had a longer run on Broadway during its initial run and been a proper big hit. As well as the joke that Phantom has had the long run it had was due to the fact that for a period of time, it's only competition for casual audiences was Cats and a watered down and neutered version of Phantom of the Opera was preferable than a nightmare fuel Furry musical that is so god awful you need brain bleach afterwards