We’ve been discussing on a few of the past podcasts whether there would be any fallout or collateral damage resulting from the poor box office performance of “The Lone Ranger” this past Fourth of July weekend and into the summer. Disney is expected to take a $190 million loss on the film.
In Episode 24, we mention that the date of the next installment of the “Pirates of the Caribbean” franchise has been postponed from its July 2015 slot to perhaps a Memorial Day 2016 release.
Now, the next shoe has dropped. Disney and Jerry Bruckheimer have announced that they are not renewing a first-look deal that saw the studio release a wide slate of films over the past two decades. According to this article, the partnership has resulted in 27 films accounting for more than $3.7 billion in box office receipts worldwide.
Bruckheimer will still work with Disney to release future projects that have been established at the studio, including any future “Pirates” or “National Treasure” films. The agreement will allow the producer to work on more adult-oriented/action films outside of the confines of the more family-friendly fare Disney is known for. Disney, for its part, will focus more of its film making on franchises such as Marvel, Star Wars, Pixar, etc.
What do you think? Surprised that Bruckheimer was set free based on the performance of “The Lone Ranger”? A smart move by Disney to refocus efforts on in-house franchises? A change in how big, tent pole movies are financed and distributed? Let’s hear your thoughts.