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Quantumania' went over budget, but the spending wasn't enough to save it at the box office
Marvel Studios
When Marvel Studios president Kevin Feige addressed the crowd packed into the Colosseum theater at Caesars Palace in Las Vegas during CinemaCon earlier this week he didn’t do so in person. Even though the event is the most important annual gathering of theater owners, Feige only appeared in a video message. There was good reason for this.
Feige explained that he is currently at Pinewood Studios in the United Kingdom on the set of Avengers: Doomsday which is due to debut in May next year. It’s no surprise he is on the ground given how much is at stake for Marvel's owner, The Walt Disney Company.
Marvel recently announced a line-up of 27 A List actors who will star in the super hero extravaganza headlined by Robert Downey Jr. More are expected to follow giving Doomsday and its sequel Avengers: Secret Wars a bigger cast than the previous record-holders Avengers: Infinity War and Avengers: Endgame. As this report revealed, those movies cost a combined $1.3 billion making Doomsday and Secret Wars quite a gamble, especially as Marvel has had a run of bad luck at the box office in recent years.
The nadir was undoubtedly 2023’s The Marvels as its box office of just $206.1 million gave it the lowest gross of the 35 movies in the inter-connected Marvel Cinematic Universe (MCU).
Talking to CNBC in 2023, Disney’s chief executive Bob Iger suggested that the underwhelming outcome may have been caused by lack of oversight. "The Marvels was shot during Covid," he explained. "There wasn’t as much supervision on the set, so to speak, where we have executives [that are]
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