Summary
- Marvel Studios is going through a reduction, leading to layoffs at both the Burbank and New York offices
- The studio has been struggling since the release of Avengers: Endgame, with a string of failures and a lack of billion-dollar blockbusters
- The decrease in output has been confirmed by Disney CEO Bob Iger
With Marvel Studios only releasing one movie this year and with it confirmed the MCU is going through a reduction, it’s learned layoffs have happened at the company.
According to the trades, Marvel Studios has laid off 15 lower-level production and development employees at Marvel Studios in Burbank as well as employees at its Marvel Entertainment division in New York.
It’s no secret Marvel has been suffering since the release of Avengers: Endgame and hasn’t had a billion dollar blockbuster amid a string of failures.
Recently saw the release of The Marvels, which massively bombed, so much so it’s the worst performing MCU movie and superhero movie of all time.
Tatiana Maslany was also asked about a She-Hulk Season 2, where she said they blew the budget with the first season and Disney said “no, thanks” to a second season.
“We’ve reduced output, particularly at Marvel”
Back in the summer of last year, Disney CEO Bob Iger confirmed they would be slowing down the release of both Marvel (and Star Wars).
Iger recently addressed the pullback recently in Disney’s February Earnings call.
“So, the first step that we’ve taken is that we’ve reduced volume,” Iger said. “We’ve reduced output, particularly at Marvel. When you fix or when you address these issues within movies, you do three things. You get aggressive at making sure the films you’re making can be even better. Sometimes, you kill projects you don’t believe in. And, of course, you put new things in the pipeline that you do believe in that you have much more confidence in, and we’re doing all of that.”
The Marvel shows on Disney+ also haven’t done all that well as the ratings aren’t the best. Only Loki has multiple seasons. The X-Men ’97 ratings also look to be on par or lower than Ms. Marvel, the MCU’s least-watched live-action series along with Echo.
Following the huge failure of Secret Invasion, Marvel Studios has reworked its television division, and the problems at Marvel are nothing new as Daredevil: Born Again is also getting retooled.
All the upcoming MCU movies have also been in flux with multiple directors, writers, release date changes, and reshoots.
(via Variety)
