Remember ‘Avatar’? Disney sure hopes you do
Magic Kingdom aims to attract zillions of people
NEW YORK, May 10, (AP): You may not have thought much about the 2009 movie “Avatar” over the past eight years, but Disney sure has. The Magic Kingdom is wagering a reported half-billion dollars that you and zillions of other people will line up for new theme park attractions based on the movie’s bioluminescent world of Pandora.
It’s a major gamble, even by Disney standards. While the movie smashed box-office records thanks to its dazzling 3-D effects and higher 3-D ticket prices, it’s also left little but a fading echo in pop-culture consciousness. There are no “Avatar” sequels, at least yet, and no spinoffs; memorable characters and catchphrases are also in short supply.
“I’ve never seen anybody ever walking down street wearing an Avatar T-shirt,” says Martin Lewison, a theme park expert and business management professor at Farmingdale State College in New York. “There’s no real emotional connection with ‘Avatar’ among the public despite the movie being so popular.” Cultural plunder But theme parks are big business, and Disney is counting on what its executives call “Avatar land” — the official name is “Pandora — World of Avatar” — to help keep that engine humming. In the fiscal year that ended in October, parks and resorts accounted for 31 percent of Disney’s nearly $56 billion in revenue, though only 21 percent of its nearly $16 billion in operating profit.
Disney also wants to prove it can turn its newer cultural properties, which include “Star Wars” and the Marvel superhero franchise, into popular theme-park attractions. In that, it’s basically playing catch-up with rival Universal Studios, which launched a hugely successful Harry Potter theme park in 2010.
Now the big question is whether Disney can pull that off with Avatar land, or if it’s just chasing unobtainium. (Yes, that’s an “Avatar” reference . See?)
In this April 29, 2017 file photo, landscaping of real Earth plant species mixed with sculpted Pandora flora surrounds a pond at the Pandora-World of Avatar land attraction in Disney’s
Animal Kingdom theme park at Walt Disney World in Lake Buena Vista, Florida. (AP)
Revenue at Disney’s cable networks segment also grew, but operating income declined due to higher programming costs at ESPN. The sports network recently announced layoffs of about 100 employees. Odd property James Cameron, the mercurial director famous for “Titanic” and several other blockbusters, has been promising “Avatar” sequels almost since the original premiered. One had been in development since 2010. Disney licensed the park rights in 2011, when a sequel didn’t seem that far off.
Little did Disney know. In 2013, Cameron announced his intention to film three followon films simultaneously, for release starting in 2016. But the date was pushed back until 2017, then 2018. In March, Cameron said 2018 was “not happening .” In April, he announced the start of production on four sequels now scheduled to roll out from 2020 to 2025.