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In more "get woke, go broke?" news, the entertaining if incredible rumours circulating about Disney.
Disney, like all the other companies with streaming services, is facing the sharp decline since the days of the pandemic and having many subscribers cancel so they are losing revenue. It's not necessarily "get woke go broke" at work here, but Disney have been shooting themselves in the foot with the forced diversity remakes and mishandling the Star Wars franchise which should have been a reliable cash cow. Meanwhile, Universal Studios is coining it with the Super Mario movie and theme parks rides.
They're also, apparently, in a bind with Comcast, their co-owners of Hulu, who are gearing up to demand Disney buy them out. Comcast is valuing it at around $70 billion, Disney values it way lower (around $20 billion by one report).
The Little Mermaid is not earning the overseas profits it needed to do, and seemingly on the second domestic weekend it also fell back (this is being blamed on the usual "racist backlash" but oh dear those racist East Asians who aren't going to see it, tsk tsk!). The fifth Indiana Jones movie is being re-cut, re-shot, scrapbooked and everything including the kitchen sink thrown at it because of the bad reception at Cannes and the vital need for it to make at least a billion when finally released.
Now the rumours begin:
(1) Disney only has $200 million in liquidity. Comcast is looking for way more, so they're looking at more layoffs, cancellation of projects, and even selling off IP and - rumoured - some of the parks?
(2) George Lucas rumoured to want to buy back Lucas Films?
It is all rumour and insider gossip at the moment and who knows how much is true at all, if any of it, but it's fun to watch in the context of Disney's fight with DeSantis and all the progressive chatter online about how DeathSantis is an idiot for taking on a company with such high-class expensive lawyers and deep pockets to fight court cases.
Looks like those pockets may not be so deep after all!
Harrison Ford is 80 years old, who on earth thought he should star in an action movie? He was already too old in Crystal Skull in 2008. Couldn't believe it when I saw the trailer yesterday.
Outside of the obvious problems with it (Harrison Ford's age and following up on a train wreck of a movie that bifurcated the lore in a detrimental direction), Indiana Jones can't be remade or followed up on succesfully because Indiana Jones is a throwback to pulp adventure stories/comic books almost no one remembers now. I think the last thing to succesfully tap into nostagia for that that was The Mummy in... 1999. Now, Indiana Jones IS the reference. There's only so much you can achieve by referencing two/three beloved movies (opinions are mixed on #2).
This is a broader problem with remake/sequel culture, succesful pop culture franchises were built by drawing heavily from preceding pop culture but in a new way; a remix. Star Wars and Empire Strikes Back built a franchise through heavy inspiration from pulp sci-fi and samurai(/western) movies; mix them together, you get Star Wars. Return of the Jedi and more strongly the sequel trilogy's inspiration is... Star Wars. No significant additional inspiration was added to it, they just remixed a remix. Nothing new is created, they're just diluting the original signal. Of course, the fans would probably be disappointed if they did anything else; the prequel trilogy was mostly rejected because it was different. (Rejecting it because it wasn't very good is fine; rejecting it because it doesn't feel like Star Wars is a case of "careful what you wish for" that we can all appreciate in hindsight with the sequel trilogy).
So anyway, sorry for the meandering post to come to the shocking conclusion that remake and belated sequels are creatively bankrupt, but I just had to take the opportunity reflecting on the new Indiana Jones movie to work through why it is creatively bankrupt.
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