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What does this mean for Marvel, DC, and other superhero franchises?
Gal Gadot as Diana in Wonder Woman 1984 Clay Enos—Warner Bros. & DC Comics
The state of superhero movies is a little more complicated. The genius of the Marvel Cinematic Universe, up until this point, has been how all the movies are connected to one another. The post-credits scene from, say, a Captain America movie, will set up Black Panther: the Black Panther post-credits scene previews the next Avengers installment, and so on. In order to get the full story, you need to watch all 23 MCU movies.
Unfortunately, that means Disney doesn’t have much flexibility when it comes to releasing the superhero movies it currently has in the can. In all likelihood, the plot of Black Widow somehow ties in to future movies like Eternals or even Disney+ MCU TV series like Falcon and the Winter Soldier. If Disney were to release any of the movies or shows out of order, it would spoil the entire story. Delays for Black Widow and The Eternals mean that Doctor Strange: Multiverse of Madness, Shang-Chi and the Legend of the Ten Rings and Spider-Man 3 will inevitably need to be pushed back as well. That delay also means we likely won’t get to see the X-Men or Fantastic Four characters—whom Marvel Studios acquired when Disney bought 20th Century Fox last year—in any MCU movie for a long time.
The other studios are a little less dependent on a strict schedule: Warner Bros. has established that Wonder Woman 1984 does not exist in the same universe as The Joker and is only tangentially related to the Harley Quinn movie that premiered earlier this year. Nor does she have anything to do with the Batman movie or the Suicide Squad reboot that are both currently filming. So Warner Bros. can release those movies whenever the studio feels they will be able to turn a profit.
What does this mean for movie theaters and the moviegoing experience?
Tenet was supposed to save the movies. It didn’t. No one movie ever could have. It’s made just $45 million domestically. This past weekend, Hocus Pocus, the Bette Midler Halloween film about witches that debuted 27 years ago, beat it at the box office.
It’s unclear when people will want to go to movie theaters again. Only 17% of Americans feel comfortable attending the movies, according to a mid-August Morning Consult poll. Some health experts have called the movie theater experience during COVID-19 “Russian roulette,” pointing out that theaters make most of their money from concession, but people necessarily have to take off their masks to eat popcorn and slurp their soda. As the weather gets colder and people spend more time indoors in general, experts say we’re likely to see another wave of the virus. If people aren’t willing to attend the movies now, it’s unlikely they’ll be eager to catch the latest flick in the dead of winter if we’re seeing a spike in COVID-19 cases.
That leaves cinemas in a precarious position, to say nothing of indies and arthouse theaters. Even once there is a vaccine, it’s unclear how long it will take theatergoers to venture out of their homes again: streaming services like Netflix threaten studios’ profits by offering alternative entertainment at home. Cinephiles fear that watching movies at home will become the norm.
What does this mean for streaming services?
One thing is certain: streaming is having a banner year. Disney+ and Apple TV+ both launched last fall, and HBO Max and Peacock joined the streaming arms’ race this year. As a result, audiences have more content than ever to choose from at home. This fall is no exception: Amazon Prime has scooped up several Oscar hopefuls, including Steve McQueen’s anthology of films titled Small Axe, Regina King’s directorial feature debut One Night in Miami. Apple TV+ will debut Sofia Coppola’s On the Rocks with Bill Murray and Rashida Jones as well as one of this year’s most raved-about animated films, Wolfwalkers. Disney+’s biggest releases will be television series, namely the second season of The Mandalorian and the MCU series WandaVision.
But all those new services are just playing catchup to Netflix. Netflix has had more time to build up a massive library, and had already filmed most of its 2020 content before the virus hit and thus had to delay few releases. In Q2 of 2020, Netflix generated $6.14 billion in revenue, up from $4.9 billion at the same time last year. And Netflix has begun to experiment with bigger-budget productions made just for the small screen. Recent hits like The Old Guard, Spenser Confidential and Enola Holmes have proven, at least according to Netflix’s own analysis, that mid- to big-budget movies can succeed on streaming. Netflix releases a buzzy new movie or show every week—if not more often. In the coming months, they’ll release the Adam Sandler comedy Hubie Halloween, Aaron Sorkin’s Oscar hopeful Trial of the Chicago 7 and David Fincher’s latest, Mank.
Streaming probably won’t supplant moviegoing. The movie date will always have a place in American culture. But the pandemic has, for now, accelerated the trend towards watching more content at home—and the timing of the movie date’s return is as uncertain as ever.
Threads
Dune
No Time to Die
Black Widow
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