The premiere of the movie, "The Way of Water", will take place at the theater. The sequel to the top-grossing movie of all time, "Terminator 2: Judgment Day," will be shown on the red-carpet as photographers and fans try to get a shot, but the cast and director will proceed to the theater.
The kind of feel-good spectacle Hollywood loves, with hefty doses of glamour, glitter and magic to enthrall the public. Way of Water could help the studio forget how badly the Pandemic affected them. Alan Bergman, chairman of Disney's studio division, says that the franchise is one of the biggest priorities since the acquisition. One of the most important films of all time was the first film.
The science fiction tale, following the story of a moon called Pandora and the colonization that threatens it, will appeal to a lot of people. Way of Water will be one of the top-grossing films of the year, according to Adam Aron, chief executive officer of AMC Entertainment. Aron called the movie a masterpiece and said it was likely to be a big hit.
The price Disney paid for Fox is not clear. The deal, put together under Bob Iger, was initially thought to be a good one for Disney. During Disney's push into streaming in 2020, Fox's rich catalog proved a strong draw for subscribers.
Wall Street now focuses more on profitability and less on streaming. Some investors started questioning the deal after the company posted a loss from its Disney+ streaming service. It looked like a slam dunk at first. It is a little more up in the air now.Where Hollywood and Silicon Valley collideWhere Hollywood and Silicon Valley collideWhere Hollywood and Silicon Valley collideGet a front-row seat with the Screentime newsletter.Get a front-row seat with the Screentime newsletter.Get a front-row seat with the Screentime newsletter.
There was a lot of family-friendly programming during Iger's time as CEO. The $7.4 billion purchase of Pixar by Iger gave Disney a boost. Lucasfilm and its Star Wars series were acquired by Disney in 2012. The deals have proven to be bargains, with the last four films alone grossing almost double the $4 billion Disney paid for the rights.
The Way of Water's economics are more difficult. It is one of the most expensive movies of all time, with a production budget that could be as high as $400 million. Adding in marketing expenses that can reach hundreds of millions of dollars for A-list films and it's not hard to imagine Disney needing ticket sales approaching $1 billion before it earns a penny of profit
The Way of Water was the worst business case in movie history according to the director, who was unavailable for an interview. He said it would need to gross $2 billion to breakeven. It is being released at a time when box office receipts remain about a third below pre-pandemic levels as inflation and competition from the likes ofNetflix and Amazon keep film buffs riveted to the couch.
The rerelease of the original movie sent a positive signal, taking in more than 70 million dollars, which is respectable for a 13 year old film. Spider-Man: No Way Home, which has grossed close to $2 billion since its release last December, proves that big-screen offerings can still find large audiences.
A strong box office showing for the sequel would help push the perception of the Fox acquisition back into the win column for Disney, as well as providing a measure of validation for the board's decision to rehire Iger. It will only raise more questions about the direction of Disney's overall strategy at a time when its stock is down by more than a third.
A big-budget franchise that provides just a few hours of content every couple of years won't do much for the long-term prospects of the streaming operation The ad-supported version of Disney+ will be launched on December 8. Colin Dixon, an analyst with NScreenMedia, says Disney needs to serve up programming that gives viewers a reason to come back again and again. He says they have a lot of high-profile content that attracts people in. They need more bread and butter to stay there.
They forged a new era of television when they turned on each other.