05-7-2024, 10:10 PM

Disney to cap the number of Marvel movies it releases each year

Disney will release no more than three Marvel films and two Disney+ series per year to prioritize quality.

Bob Iger's announcement comes after Disney shares fell 8% on Tuesday after reporting quarterly profits.

This year will see the release of just one Marvel film: "Deadpool and Wolverine" starring Ryan Reynolds and Hugh Jackman, slated for a July 26 release.

The next Marvel film, a Captain America sequel, won't be released until at least February 2025, according to Disney's latest earnings presentation. "Thunderbolts," a film focused on Captain America sidekick Bucky Barnes, is scheduled for May 2025.

No release dates have been set for Disney+ Marvel material, including Black Panther and Spider-Man.

"I’ve been working hard with the studio to reduce output and focus more on quality," Iger remarked on Tuesday's earnings call.

"That’s particularly true with Marvel ... Some of what is coming up is a vestige of basically a desire in the past (to) increase volume. We’re slowly going to decrease volume and go to probably about two TV series a year instead of what had become four and reduce our film output from maybe four a year to two, to the maximum three, and we’re working hard on what that path is."

Disney revealed quarterly earnings of $22.1 billion, below Wall Street forecasts; the company's 153.6 million Disney+ members also fell short of analysts' projections.

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