Connect with us

Hi, what are you looking for?

Movies

New Report Reveals Marvel’s ‘Small’ Profit From ‘Ant-Man and the Wasp: Quantumania’ Despite Failure

The 2013 film starred Paul Rudd and Evangeline Lilly as the titular heroes along with names like Michael Douglas and Michelle Pfeiffer.

‘Ant-Man and the Wasp: Quantumania’ had a production budget of around $200 million, not counting the money spent on marketing, and it collected $476 million worldwide by the end of its theatrical run. Although analysts estimated that the film needed to earn more than $500 million to break even, Forbes reported otherwise.

“The super hero flick debuted in February last year to a lukewarm reception and only grossed $476.07 million, according to industry analyst Box Office Mojo,” the outlet recently wrote. “Studios typically receive around 50% of the takings meaning that Disney got around $238.05 million, which was $92.05 million less than its net spending on making the movie, as we recently revealed.”

After all expenses, the film netted a profit of $88,236. Though decent, this amount was not significant enough to prompt Marvel executives to begin work on a fourth film.

The release of ‘Ant-Man 3’ coincided with a bad period for the MCU. Following the threequel, ‘The Marvels’ hit the theaters and became the lowest-grossing Marvel Studios film ever. The studio then announced a strategy shift to focus on ‘quality over quantity,’ reducing the number of movies and Disney+ shows released annually.

This year, however, the studio went back on track as ‘Deadpool & Wolverine’ broke records as the biggest R-rated release ever, and ‘Agatha All Along’ gained popularity among fans. How effective the studio’s new strategy will be in the long run remains to be seen.

Latest

Movies

Grillo thinks 'Superman' is the ultimate and only superhero.

Entertainment

The actor recalls getting ‘bitter’ over losing the award to someone else over two decades ago.

News

Chris Pratt vandalized set elements to save 'Parks and Recreation' from cancellation.

Movies

Marvel president teased plans for the Mutants future at a new Disney event.

Movies

The mother of the cinematographer who died during the filming accuses the actor of profiting off the incident.

Featured

Cher swore live on air, surprising Hoda Kotb.

You May Also Like

Netflix

Possible release date for Menendez Brothers postponed until after thanksgiving as governor Newsom delays pardon decision.

Movies

The actor played Daniel LaRusso in three 'Karate Kid' movies.

Movies

Gunn and Peter Safran wants to make DC the top name in superheroes.

Entertainment

Could it be due to the actress' war against Disney?