Disney Cuts the Biggest Movie From 2020 Lineup, ‘Avatar 2’
(Bloomberg) -- “Avatar” fans will have to wait another year.
Walt Disney Co., which acquired the franchise when it bought 21st Century Fox Inc.'s entertainment assets this year, will delay “Avatar 2” to December 2021 from 2020. Additional sequels also were pushed back, meaning a proposed “Avatar 5” won't debut until 2027.
The move cuts what could have been Disney's biggest film of 2020 from its schedule, meaning it will have to rely more on other movies, such as “Cruella” and a “West Side Story” reboot directed by Steven Spielberg. It also will have a trio of Marvel films, though two are still untitled.
Disney also announced plans for its “Star Wars” films. The next installment -- following “The Rise of Skywalker” this December -- is due in December 2022. Another will appear in 2024, with the third debuting in 2026.
That means there will be a three-year hiatus before the next “Star Wars” trilogy. Chief Executive Officer Bob Iger said last month that the company wanted to take a break after the current nine-picture saga concludes.
“We will take a pause, some time, and reset,” he told Emily Chang on Bloomberg Television in April. “The Skywalker saga comes to an end with this ninth movie. There will be other ‘Star Wars' movies, but there will be a bit of a hiatus.”
The first “Avatar” film in 2009 was the highest-grossing of all time and capitalized on the surging popularity of 3D movies. But audience interest in the franchise may have cooled since then. Disney's “Avengers: Endgame” is now poised to overtake it in box-office revenue.
The big question hanging over the series is whether writer-director James Cameron can rekindle excitement surrounding Avatar's Pandora world and its Na'vi people over the next two to eight years.
Disney's theme parks could help. A “World of Avatar” attraction opened in 2017 at Walt Disney World in Florida.
To contact the reporters on this story: Nick Turner in Los Angeles at nturner7@bloomberg.net;Anousha Sakoui in Los Angeles at asakoui@bloomberg.net
To contact the editors responsible for this story: Nick Turner at nturner7@bloomberg.net, Rob Golum
©2019 Bloomberg L.P.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.