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March 1, 2023Disney’s juggernaut, Marvel Studios, is beginning to show signs of superhero fatigue.
U.S. box office receipts for Ant-Man and the Wasp: Quantumania, which tees up critical events to come in the Marvel Cinematic Universe, suffered the worst one-week drop ever for a movie set in the MCU.
According to the latest figures, the third installment of the tiny titular protagonist took home just $32 million during its second weekend, a 70% collapse that surpassed the drop in Black Widow, which debuted during the pandemic two years ago.
Its ticket sales do not bode well for Disney interim CEO Bob Iger, brought out of retirement to announce 7,000 layoffs companywide and $3 billion in content cost cuts earlier this month.
It could also diminish interest next month in Warner Bros. Discovery’s sequel to superhero sleeper hit Shazam, whose projected first-weekend take was cut 17% by market researcher Box Office Pro.
Because of the interwoven nature of Marvel Studios’ narrative,the plunge in interest presents distinct problems for the overall franchise going forward.
Quantumania introduces viewers to Kang the Conqueror, the supervillain at the centerpiece of MCU’s Phase 5, which kicked off with the debut of this film.
Any viewer broadly interested in following his overarching story line would need to watch the Ant-Man three-quel to fully understand future events.
“We wanted to kick off Phase 5 with a third film of characters who were already beloved and really utilize them,” studio boss Kevin Feige explained earlier this month. The film’s producer Stephen Broussard went so far as to call it as “important and integral” to Marvel’s future as 2016’s Captain America: Civil War.
It came as no surprise then that Disney trumpeted the first week’s performance last Tuesday, claiming the $250 million global draw was proof the film “conquered the global box office,” a pun in nodding reference to the villain’s sobriquet.
By extension, this past weekend’s dwindling receipts suggest audiences may not be connecting with Kang, despite a well-received performance by actor Jonathan Majors. The character replaces Thanos as the ultimate baddie in the upcoming Avengers: The Kang Dynasty.Disney could not be reached by Fortune for comment.
