Disney lost nearly a third of a billion dollars on two Marvel movies
Disney lost nearly a third of a billion dollars on two Marvel movies
Disney made an estimated $296.4m loss at the box office on just two of its Marvel superhero movies in 2023 according to analysis of recently-released financial statements.
Disney made an estimated $296.4 million loss at the box office on just two of its Marvel superhero movies in 2023 according to analysis of recently-released financial statements.
They reveal that the cost of making The Marvels and Ant-Man and the Wasp: Quantumania came to a staggering $762.4 million (£609.3 million) before Disney banked $124.9 million (£99.4 million) in government incentives bringing its net spending on the movies down to $637.5 million. They both bombed at the box office.
According to industry analyst Box Office Mojo, the movies grossed a combined $682.2 million with theaters typically retaining 50% of the takings and the remainder going to the studio. This reflects the findings of film industry consultant Stephen Follows who interviewed 1,235 film professionals in 2014 and concluded that, according to studios, theaters keep 49% of the takings on average. It would give Disney just $341.1 million from The Marvels and Ant-Man and the Wasp: Quantumania. No expense was spared on them.
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Disney does not publicly discuss how much it spends on specific productions and did not respond to a request for comment. Budgets are usually a closely-guarded secret. This is because studios combine the costs of individual pictures in their overall expenses and their filings don't itemize how much was spent on each one. Films made in the UK are exceptions and both The Marvels and Quantumania fall into this category.
Studios shoot in the UK to benefit from its Audio-Visual Expenditure Credit (AVEC) which gives them a cash reimbursement of up to 25.5% of the money they spend in the country.
To qualify for the reimbursement, at least 10% of the production costs need to relate to activities in the UK. In order to demonstrate this to the UK government, studios tend to set up a separate production company in the country for each movie they make there.
The companies have to file financial statements which shine a spotlight on their budgets. They reveal everything from the headcount and salaries to the level of reimbursement and the total costs. Studios directly receive the revenue from theater tickets, streaming and Blu-ray sales and carry the costs of marketing as the function of the UK companies is purely making the movies.
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Superhero movies suck massive ass.
Endgame, ragnarok, one iron man, one of spider-mans. Dr. strange. The raimi trilogy. The animated spider-man movies. Nolan's batman? Matt Reeve's Batman? Watchmen too probably.
I think there are some good rewatchable action movies in there. Oh an Loki. Loki was good. Harry Potter sort of stuff, but comic books.
Infinity War, Wandavision, first Ant-Man is solid, Guardians of the Galaxy, Winter Soldier, Unbreakable ... does Chronicle count?
I think Shang Chi was good up until the MCU ending up until the third-act it felt like a completely different type of film which is what I was happy about
I loved Shang chi, but hated the third act. I just wanted more of what the rest of the film gave us. I was hoping for a Jackie Chan-esque set piece ending. But instead we got budget infinity war.
Agreed, I felt the "monster" or evil behind the door was better left a mystery for a later movie or something else. The heart of the movie to me was the relationship between the characters.
The father-son-daughter struggle for an ending would have been better to me. I think Marvel can take risks but they need to take risks like not having a third act battle all the bloody time!
100% agree. Wandavision ducted from this too. I really enjoyed every episode except the last.
I also enjoyed Guardoans 2 and 3, and spiderman 2 and 3, and strange 2, and DP & Wolverine.
Totally agreed on Shang Chi, with the 3rd act being way out of place and not very good, but the forst 2/3rds of it were fun.
I'm actually also hopeful that Cap 4 and thunderbolts will he good since both had pretty good trailers.
Chronicle could count. But then you're inviting in things like Brightburn, maybe even Carrie or other super-power adjacent stories? Chronicle makes me sad for some reason. Totally forgot about Guardians. Loved the OST from those movies.
Ragnarok is ass, all the others are valid. My opinion 🫡
Maybe I have a soft spot for Ragnarok. I like Thor and Hemsworth and how it went in a totally different direction was refreshing since the previous Thor was meh. I was in the mood for comedy and brighter colours. Plus the intro scene hooked me. Haven't watched any of these movies for a few years though.
I can see why people like it. It's just not for me.
I thought Ragnarok and Endgame were extremely mid tbh. Infinity War was great, but I think Endgame was a huge letdown. Agreed with Dark Knight (I don't think that highly of Dark Knight Rises), Spider-Verse, and the Raimi trilogy, though, and Dr. Strange is a solid 7/10 for me; definitely doesn't suck massive ass. I'd add Incredibles to that too. I've heard nothing but great things about the latest TMNT movie.
I don't know if you put Watchmen in there.
Watchmen is a perfect example of how Zach Snyder doesn't understand what he's adapting. The original story is a deconstruction of the superhero, showing how sad and broken these characters would be in real life: right-wing murders, rapists, schluby middle-age guys with ED...Snyder takes those characters and films them like they're cool and bad-ass. Aesthetically, it's a beautiful, shot-for-shot adaptation, but at no point did it occur to him that the guy in a trench coat muttering to himself about filth and whores wasn't supposed to be cool. It didn't occur to him that a group of people who completely fail to stop the villian weren't supposed to have action sequences straight out of The Matrix. It didn't occur to him that a story about what superheroes would look like in the real world should be realistic.
The part that truly enraged me was a small moment at the very end. In the comic books, after everyone leaves, Dr. Manhattan goes to see Ozymandias one last time before leaving Earth forever. Ozymandias asks him if he was right in the end, and Manhattan tells him, "Nothing ends, Adrian. Nothing ever ends." Ozymandias asks what he means by this, but Manhattan leaves without answering. In the movie, Snyder replaces Dr. Manhattan with Owlman in this interaction. Ozymandias' story ends with a character who is essentially God telling him that his entire plan was pointless, and Snyder swaps out God for the story's everyman character. It's a perfect distillation Snyder's inability to understand even the simplest subtext.
You're getting a lot of downvotes, but I see you, friend.
So tired of capeshit.
The number that are worth watching can be counted on one hand.
I can think of a number of films that are about one character that I need both my hands for. In fact once another one comes out I'll need a third.
Spider-Man