Disney CEO Faults Release Date for CASPIAN
By: Jarrod SarafinDate: Thursday, May 29, 2008
Source: Hollywood Reporter
Disney CEO Robert Iger issued a statement that releasing The Chronicles of Narnia: Prince Caspian was not a wise move on their parts, in response to the less than stellar numbers. Despite Warner Bros' Speed Racer being the #1 bomb thus far, Iger told media that the market was too competitive for the sequel in the C.S Lewis franchise this month.
The film was originally slated for a Christmas 2007 release but they made the move so they could fit in The Water Horse: Legend of the Deep, a co-production between Disney and their partner Walden Media. That film, also released in a heavy Christmas season, didn't perform up to expectations with it grossing only $102.6 mil worldwide.
Iger, speaking at the Bernstein Strategic Decisions Conference in New York, said "Prince Caspian" is a better movie than the first installment but because it was released between a couple of the year's biggest hits, audiences are overlooking it.
"Prince Caspian" was released May 16, less than two weeks after "Iron Man" and just six days before "Indiana Jones and the Kingdom of the Crystal Skull." It has grossed $151 million worldwide so far.
Iger lamented the "very delicate, very fragile marketplace" for movies in general, given that "there's just too much out there."
As of now, the next movie in the "Narnia" series is set for release May 7, 2010.
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