Back on the big screen (Tong Yu/Getty Images)
Déjà vu at the box office… You’re not imagining it: the original “Avatar” is back on big screens this weekend. “Avatar” became the highest-grossing film ever (not adjusted for inflation) when it debuted in 2009, raking in $2.8B globally, and fans demanded a sequel. But Disney inherited “Avatar” when it bought 20th Century Fox in 2019 and has been slow to release a sequel. Now Disney’s generating hype by rereleasing the original in US theaters on Friday:
Theaters aren’t choosy… because they’re struggling. Industry-wide box-office sales are still 30% lower than prepandemic, and the world’s second-largest theater chain, Regal Cinemas, filed for bankruptcy this month. Part of the problem: big studios like Universal are releasing only some films in theaters and sending others straight to streaming.
A bird in the hand could yield two in the bush… By reusing “Avatar” Disney can give the sequel a big boost — for very little cost. It owns the two biggest cinematic universes (“Star Wars” and Marvel) and makes money cross-promoting them with films, shows, parks, and merch. Disney’s rerelease could position the “Avatar” franchise to become its next profitable cinematic universe.