It's got its fair share of baggage, but 'The Mandalorian and Grogu' still managed to make a decent penny over Memorial Day weekend.

Disney's "Star Wars: The Mandalorian and Grogu" tallied $12 million in Thursday night previews, the lowest collection of advanced tickets in franchise history.

Disney insiders break down how the feature will end up in the black. But if it can't also broaden out the audience, do the optics further hurt a franchise whose core fandom has…