Why Disney is hooked on remaking its animated classics
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>“In this environment, considering the budgets that they’re dealing with — over $100 million each — [making a profitable movie is] pretty severe and it’s pretty challenging,” Squire said.
>But it’s less challenging when the crew is working with a storyline they already know is successful. The 2016 remake of “The Jungle Book,” for example, had a production budget of $175 million. But, according to Box Office Mojo, that movie raked in more than $900 million in box office grosses worldwide.
>“The other reason is the confidence in attracting the first generation viewers of the animated movie back [as well as] the current younger generation who will be watching the new live-action version,” Squire explained.
>Disney has a long tradition of attracting families, Squire said, which is also evidenced by the prevalence of Disney sequels.
>But it’s less challenging when the crew is working with a storyline they already know is successful. The 2016 remake of “The Jungle Book,” for example, had a production budget of $175 million. But, according to Box Office Mojo, that movie raked in more than $900 million in box office grosses worldwide.
>“The other reason is the confidence in attracting the first generation viewers of the animated movie back [as well as] the current younger generation who will be watching the new live-action version,” Squire explained.
>Disney has a long tradition of attracting families, Squire said, which is also evidenced by the prevalence of Disney sequels.
