Disney CEO Bob Iger praises rival Universal’s ‘Super Mario Bros. Movie’

Disney CEO Bob Iger praises rival Universal’s ‘Super Mario Bros. Movie’


Chris Pratt and Charlie Day voice Mario and Luigi in Universal and Illumination’s “The Super Mario Bros. Movie.”

Universal

The Magic Kingdom is a fan of the Mushroom Kingdom.

Disney CEO Bob Iger used part of his opening remarks during an earnings call Wednesday to praise rival Universal Studios’ “The Super Mario Bros. Movie” and its success at the global box office.

“Allow me to digress for a moment to congratulate Universal for the tremendous success of ‘Super Mario Bros.'” Iger said. “It certainly proves people love to be entertained in theaters around the world, and it gives us reason to be optimistic about the movie business.”

Universal didn’t immediately respond to a request for comment on Iger’s remarks.

“The Super Mario Bros. movie” has generated more than $1.1 billion globally since its early April release, proving that family-friendly films, particularly animated films, can succeed in the wake of the pandemic.

Disney’s theatrical animated content has lagged at the box office since the pandemic. Some analysts blamed the sluggish ticket sales on confusion in the marketplace over which Disney films were streaming-only and which had wider theatrical releases. Others said Disney has done a poor job marketing its animated films to the public.

“Lightyear,” a spinoff from the highly lucrative Toy Story series, tallied just over $200 million globally, and last fall’s “Strange World” flopped with less than $100 million in global ticket sales.

Meanwhile, Universal has churned out hit after hit at the box office, with “Minions: The Rise of Gru” generating nearly $940 million globally and “Puss in Boots: The Last Wish” snaring nearly $500 million worldwide.

The widespread success of “The Super Mario Bros. Movie” could pave the way for Disney’s upcoming releases, which include Pixar’s “Elemental” and the Thanksgiving release “Wish.” As parents and kids file into theaters to see the Nintendo-based flick, they were treated to ads for other upcoming animated features, including Disney’s slate.

Disclosure: Comcast is the parent company of NBCUniversal and CNBC.



Source

Versant adds WNBA media deal to its growing sports portfolio
Business

Versant adds WNBA media deal to its growing sports portfolio

Breanna Stewart, #30 of the New York Liberty, dribbles the ball against Napheesa Collier, #24 of the Minnesota Lynx, in the fourth quarter during Game Three of the WNBA Finals at Target Center in Minneapolis, Minnesota, on Oct. 16, 2024. David Berding | Getty Images Versant has signed a new 11-year media deal with the […]

Read More
How this 0 billion energy management company is fueling Nvidia’s infrastructure growth
Business

How this $130 billion energy management company is fueling Nvidia’s infrastructure growth

A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox. Despite its name, […]

Read More
Amazon Prime Video teams up with FanDuel for real-time betting updates during NBA games
Business

Amazon Prime Video teams up with FanDuel for real-time betting updates during NBA games

DeMar DeRozan #10 of the Sacramento Kings is defended by Jose Alvarado #15 of the New Orleans Pelicans during the second half of a game at the Smoothie King Center on February 12, 2025 in New Orleans, Louisiana. Derick E. Hingle | Getty Images Basketball fans watching on Prime Video this season will be able […]

Read More