Disney is releasing a 'Moana' sequel in theaters this Thanksgiving

Disney is releasing a 'Moana' sequel in theaters this Thanksgiving


Still from Disney Animation’s “Moana.”

Disney

How far will Disney go? Back to ancient Polynesia, it seems.

On Wednesday, Disney CEO Bob Iger revealed that the untitled Disney Animation film slated for Thanksgiving is a sequel to the beloved 2016 film “Moana.”

The news comes just a day after Nielsen’s year-end rankings named “Moana” as the top-streamed film aimed at kids and families in 2023, with 11.6 billion minutes of viewing.

“This was originally developed as a series, but we were impressed with what we saw and we knew it deserved a theatrical release,” Iger said during the company’s earnings call.

Disney’s animation studios — Walt Disney Animation and Pixar — have struggled at the box office in the wake of the Covid-19 pandemic. That stemmed in part from the company’s decision to pad its fledgling streaming service Disney+ with content, stretching its creative teams thin and sending theatrical movies during the pandemic straight to digital.

The decision trained parents to seek out new Disney titles on streaming, not theaters, even when Disney opted to return its films to the big screen. Compounding Disney’s woes was a general sense from audiences that the company’s content had grown overly existential and too concerned with social issues beyond the reach of children.

As a result, no Disney animated feature from Pixar or Walt Disney Animation has generated more than $480 million at the global box office since 2019.

A sequel to “Moana” will arrive about six months after the theatrical release of “Inside Out 2,” a sequel to the hit 2015 animated film about what really goes on inside a person’s head.

Don’t miss these stories from CNBC PRO:



Source

Trump says ‘maybe’ government should help struggling Spirit Airlines
Business

Trump says ‘maybe’ government should help struggling Spirit Airlines

President Donald Trump said Tuesday that the federal government could help struggling Spirit Airlines as the discount carrier faces the possibility of liquidation. Trump told CNBC’s “Squawk Box”: “I don’t mind mergers. I think I’d love somebody to buy Spirit, as an example. You know, Spirit’s in trouble. … Maybe the federal government should help that […]

Read More
UPS and FedEx have begun filing for some tariff refunds
Business

UPS and FedEx have begun filing for some tariff refunds

FedEx and UPS delivery vans are seen in Krakow, Poland on February 22, 2022. Beata Zawrzel | Nurphoto | Getty Images The refund process for tariffs has begun, but it could be months before consumers start reaping those rewards. Following the Supreme Court ruling that some tariffs were unconstitutional, U.S. Customs and Border Protection opened […]

Read More
Hormuz disruptions hit China’s Christmas capital — and holiday spending
Business

Hormuz disruptions hit China’s Christmas capital — and holiday spending

Christmas is still eight months away, but artificial tree maker Lou Liping is already worried about a bad holiday season due to the Iran war. Lou’s company, Kitty Christmas Factory, has been making artificial trees for the U.S. and European markets for nearly three decades. Her facility is based in the city of Yiwu, known […]

Read More