Hollywood’s Mega Hits: The Search for Billion-Dollar Movies

Chris Pratt and Charlie Day are lending their voices to Mario and Luigi in Universal and Illumination’s film “The Super Mario Bros. Movie.” This movie is the only one released in 2023 so far to cross the $1 billion mark at the global box office for Universal. The lack of billion-dollar blockbusters this year is a significant change for the industry, especially for studios like Disney that have Marvel, Star Wars, Pixar, and fairy tale franchises. Although Disney is expected to rule the box office this year, it has faced some concerns due to recent underperforming films. One example is “Ant-Man and the Wasp: Quantumania,” which failed to attract audiences beyond dedicated Marvel fans. Other studios, such as Lucasfilm, also face challenges with films like “Indiana Jones and the Dial of Destiny.” Despite these challenges, Disney’s “Guardians of the Galaxy Vol. 3” has been a success, and the studio remains competitive at the box office. The lack of billion-dollar films in 2023 can be attributed to factors like slower-than-expected return from domestic audiences and fewer ticket sales in China. However, analysts believe that 2024 holds more promising releases for Disney, including the highly anticipated animated film “Wish.”

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