The hidden side of politics

Disney earnings show why ‘Solo: A Star Wars Story’ should have been released in December

Reported by CNBC: 

If Disney’s first-quarter earnings are any indication, the media company could benefit from the Force in December.

“Solo: A Star Wars Story” found itself with a May release and that was detrimental to both the film and the company behind it.

In 2017, Disney released “Coco,” “Thor: Ragnarok” and “The Last Jedi” during the first quarter. Together the three films made more than $1 billion at the box office in the U.S., according to data from Comscore.

Cut to 2018. Disney released “The Nutcracker and the Four Realms,” “Ralph Breaks the Internet” and “Mary Poppins Returns” and earned only $388 million domestically.

“Star Wars: The Last Jedi” brought in more than $500 million in the U.S. between Dec. 15 and Dec. 31 and continued to make money well into the second quarter. Not only was it a box office hit, it also drove sales of toys, apparel and other merchandise.

“The theatrical success of ‘Star Wars: The Last Jedi’ in Q1 last year was a key driver to licensing results so the absence of a comparable franchise title in Q1 this year created a meaningful headwind to our licensing results,” Christine McCarthy, Disney’s chief financial officer, said during an earnings call Tuesday.

Without a big blockbuster like “Star Wars” in December, Disney missed out on money at the box office and through retail.

“Home Entertainment results also faced a difficult comparison given Q2 titles last year included ‘Star Wars: The Last Jedi,’ ‘Thor: Ragnarok’ and ‘Coco,'” McCarthy said. “As a result we expect operating income from our theatrical and home entertainment businesses to be $450 million to $500 million lower than in Q2 last year, which was the best second quarter in the studio’s history.”

“Solo” faced a number of issues ahead of its release, prompting some to suggest that Disney regroup and push the release date from May to December.

To start, there was behind-the-scenes issues the caused directors Phil Lord and Chris Miller to leave the project three-quarters of the way through principal photography. The pair had about three and a half weeks of shooting left and five weeks of already scheduled reshoots to complete. Ron Howard was brought on to salvage the project.

Despite the upheaval, Disney did not change the film’s May 10 release date. “Solo” was sandwiched between two of Disney’s big summer films: “Avengers: Infinity War” and “The Incredibles 2” and hit theaters a week before “Deadpool 2.”

“There was too much crossing of the streams, to quote another franchise,” Shawn Robbins, senior analyst at BoxOffice, said.

“Solo” was widely panned at the box office, making under $400 million worldwide in 2018. It is the lowest-grossing “Star Wars” film in history.

“When it comes to the creative side, it’s always hard to speak in definitives,” Robbins said, noting that “Solo” may have benefited from having its release date pushed and allowing Lucasfilm to spend more time reworking the story and reshooting the film.

Of course, there was no guarantee that “Solo” would have been a box office success in December, even with tweaks.

The film would still have had to compete with Warner Bros.’ “Aquaman,” which pulled in $324 million in the U.S. and has gone on to make more than $1 billion at the international box office.

“You can second guess it,” Paul Dergarabedian, senior analyst at Comscore, said. “But, perhaps it was better to get the movie out there and just weather the storm of reviews…. Disney is so big and so successful that they can weather this and move on.”

Source:CNBC

Share

15 Comments

  1. Harry MacLeod Reply

    With havin so much written content do you ever run into any issues of plagorism or copyright infringement? My blog has a lot of unique content I’ve either authored myself or outsourced but it looks like a lot of it is popping it up all over the internet without my permission. Do you know any techniques to help reduce content from being stolen? I’d definitely appreciate it.

  2. Christopher Robertson Reply

    I have observed that online diploma is getting well-liked because getting your college degree online has become a popular option for many people. A large number of people have not had a possibility to attend a traditional college or university nonetheless seek the increased earning potential and career advancement that a Bachelor’s Degree provides. Still other people might have a qualification in one field but wish to pursue one thing they now develop an interest in.

  3. Leah King Reply

    Great – I should definitely pronounce, impressed with your web site. I had no trouble navigating through all tabs as well as related info ended up being truly easy to do to access. I recently found what I hoped for before you know it in the least. Quite unusual. Is likely to appreciate it for those who add forums or anything, website theme . a tones way for your customer to communicate. Nice task..

  4. Mary Springer Reply

    Thanks for your exciting article. Other thing is that mesothelioma is generally due to the inhalation of dust from asbestos, which is a carcinogenic material. It truly is commonly witnessed among personnel in the construction industry with long experience of asbestos. It can also be caused by moving into asbestos covered buildings for long periods of time, Your age plays an important role, and some consumers are more vulnerable towards the risk compared to others.

  5. Sam Short Reply

    I was curious if you ever considered changing the structure of your blog? Its very well written; I love what youve got to say. But maybe you could a little more in the way of content so people could connect with it better. Youve got an awful lot of text for only having one or two pictures. Maybe you could space it out better?

Leave a Reply

Your email address will not be published. Required fields are marked *

FOLLOW @ NATIONAL HILL