Guardians of the Galaxy Vol. 3
Summary
While Disney’sGuardians of the Galaxy Vol . 3has earned the studio apartment a unequalled box office victory , the film ruminate a wider problem with 2023 blockbuster exit . The success ofGuardians of the Galaxy Vol . 3comes at a difficult time for Disney . The studio giant has seen adisappointing Disney 100th anniversaryamid a string of freehanded - budget box office disappointment . From the bequest sequelIndiana Jones and the Dial of Destinyto the lively - action remake ofThe Little Mermaid , a lot of ostensibly bankable IP give out to connect with audiences in 2023 .
Guardians of the Galaxy Vol . 3is a post - Endgamewinfor the MCU , enjoying unattackable boxful office returns , as well as a quick vital response . However , the celluloid ’s solitary victory spell out trouble for Disney and the entire blockbuster landscape . A budget style that has been steadily maturate more and more vivid in recent age seems to have come to a head in 2023 , and a blockbuster marketplace crowd with seemingly bankable IP has taken its cost on the bottom line of many major studios .
Disney’s Guardians Of The Galaxy Vol. 3 Was The Only $200M+ Movie To Turn A Profit This Year
WhileDisney has had a rough year at the box office , the studio apartment saw a bright spot withGuardians of the Galaxy Vol . 3 . With a global revenue of $ 845 million , the superhero movie is not only the quaternary highest - gross pic of the year ( viaBox Office Mojo ) , it is presently the only 2023 movie to turn a profit on a production budget of over $ 200 million , harmonise to an analytic thinking fromIndiewire . Disney had the best luck of any studio at winning this especial loge office battle , asthe studio was behind more than half of the 13 movies that spent $ 200 millionor more in 2023 so far .
It bears mentioning thatAquaman and the Lost Kingdomhas yet to exhaust , andWishandNapoleonare still too new to make any definitive judgments ( although expulsion are not optimistic ) . Nevertheless , the useable figures are fairly damning for Hollywood ’s $ 200 million+ budget strategy . The top three motion picture this year all be far less thanGuardians of the Galaxy Vol . 3 , with the$1.4 billion - grossingBarbiecosting $ 145 million , and the second- and third - ranked moving picture , OppenheimerandThe Super Mario Bros. Movie , cost only $ 100 million each .
Aquaman and the Lost Kingdomreleases on December 22 , 2023
Why Were So Many 2023 Movies So Expensive?
Massive production budget are nothing new , but the trend of $ 200 million+ budget seems to have exploded in late years . The account for this surge in blockbuster movie budget ca n’t be tied to a single cause ; splashiness plays an obvious part , butthe biggest divisor is likely studios ’ pivot toward tentpole blockbusters . As authentic blockbuster IPs have essay themselves open of delivering massive profits , studios have start to put more and more money into their seemingly reliable blockbuster with the expectation of a billion - one dollar bill payout . One problem with this strategy is that it leads to studios indulging a sunk cost false belief .
When millions are poured into a film that then encounters problem , the studio is more probable to pullulate even more millions in to salvage the project , hoping that a massive box office payout will equilibrize the Scripture . This phenomenon can be seen in natural action , with the massive budget ofMission : Impossible – Dead look Part OneandIndiana Jones and the Dial of Destiny , which ballooned out of mastery due to COVID - afflict productions . The fact that only one 2023 pic , Guardians of the Galaxy Vol . 3 , successfully save a gain from this trend of monumental blockbuster budgets indicates that studios need to reevaluate their box power scheme .
reservoir : Box Office Mojo , Indiewire
