![]() ![]() It’s impossible for Disney to ignore that, as the game’s developer, Avalanche Software, was an internal studio at Disney until 2016, when Iger dissolved the company’s gaming division. “Hogwarts Legacy” sold over 22 million copies, rejuvenating the “Harry Potter” franchise ahead of a planned remake series for Max. On top of that, Warner Bros.’ gaming arm put out 2023’s bestselling title in the console space. Sony has already claimed Nintendo’s other signature IP, “The Legend of Zelda,” for the big screen. Movie,” based on Nintendo’s flagship game franchise, was the second biggest film of 2023 after Warner Bros.’ “Barbie,” earning well over $1 billion globally. Meanwhile, Universal’s “The Super Mario Bros. “The Marvels” closed out 2023 as the worst-performing film in MCU history, as other Disney titles struggled to rake in enough substantial box-office gross to turn a profit off their bloated budgets. ![]() ![]() However, the film universe that character hails from hit a breaking point last year. Of the existing MCU series on Disney+, “Loki” is the only live-action show with multiple seasons, which makes the Marvel antihero one of the likelier candidates for a Fortnite experience. Losses were reduced by $300 million year over year in the fourth quarter of 2023, and the company expects streaming finally to become profitable by the end of September.ĭisney has already course-corrected on its TV strategy for the Marvel Cinematic Universe, embracing traditional showrunner models and pledging to offer shows that can stick around for more than one season. Disney+ is getting there, but the billions in losses at Disney’s streaming division as a result of its heavy investment in content have hung over many earnings calls, as CEO Bob Iger touts a narrowing lack of profitability. Unlike microtransactions, streaming revenue does not have a reputation for generating profit. Still, the timing of the Disney-Epic deal is telling.Įmbracing Fortnite not only opens a new revenue stream, it comprises a back-to-basics strategy for tinkering with core Disney IP in ways that will highlight those that still carry substantial weight with consumers, helping the company to overhaul its film and TV content strategy. ![]()
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