Poor ‘Lightyear’ Box Office Highlights Disney’s Increasing Reliance On Marvel
Disney is increasingly reliant on MCU superheroes.
Okay, fine, Disney swung and missed, so what, right? Well, this isn’t quite 2015 when they can strike out with The Good Dinosaur and Tomorrowland and still be drowning in money thanks to Avengers: Age of Ultron, Inside Out, and Star Wars: The Force Awakens. Here’s a scary stat that long precedes Covid: Disney earned $7.038 billion globally in 2018, but $5.262 billion of that (75%) came from three MCU movies (Black Panther, Avengers: Infinity War, and Ant-Man and the Wasp) along with a Pixar superhero sequel (Incredibles 2).
Disney has failed to make new live-action theatrical franchises.
Bob Iger’s reign from 2005 to 2020 was a near-unmitigated success that reshaped pop culture as we know it in ways good (more inclusive mega-bucks tentpole casting) and bad (an eventual reliance on nostalgia-skewing IP). However, his tenure as Disney’s CEO was one of acquisition, namely Pixar in 2006, Marvel in 2009, Lucasfilm in 2012 and Fox in 2019. In terms of theatrical blockbusters, Disney hasn’t had a “new to theaters” live-action franchise outside of the existing MCU brands since
Pirates of the Caribbean in 2003 and
National Treasure in 2004. To be fair, Dwayne Johnson and Emily Blunt’s
Jungle Cruise might have earned
Pirates 1-level money ($654 million) in non-Covid times, and Ryan Reynolds’ original
Free Guy earned $330 million last summer on an over/under $115 million budget. However, even if
Free Guy spawns a sequel, and Reynolds’ Guy and Jodie Comer’s Molotov Girl just might be marquee characters, that was a project picked up from 20th Century Studios. Likewise, Fox was only theatrically useful for a few existing IP (
Avatar, Planet of the Apes, Deadpool, etc.).