Disney has laid off Isaac “Ike” Perlmutter, the Chairman of Marvel Entertainment. Marvel Entertainment is part its cost-cutting campaign and a separate branch within Disney from Marvel Studios which does movies. On Wednesday, Disney decided that having Marvel Entertainment wasn’t necessary anymore and changed it into one of their biggest units.
Isaac Perlmutter was Marvel’s CEO in 1997 and helped them keep from going bankrupt. He also had a big part in the deal that made Disney buy Marvel in 2009. However, people didn’t like him because he said sexist, homophobic, and racist things and tried to stop movies like Black Panther, Black Widow, and Captain Marvel from happening. Then in 2015 he tried to fire the person in charge of Marvel’s films. So Disney fired him for ‘cost-cutting,’ but it might actually be a relief to be rid of someone who was causing so much trouble behind the scenes.
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Disney recently closed Marvel Entertainment just a few weeks after Victoria Alonso, an executive producer of Marvel Studios, quit. People think Disney told her to leave because she broke some rule but Alonso’s people say that she left after arguing with Disney. Whatever happened, it looks like Disney is trying to clean up their biggest franchises like Marvel and make changes. Additionally, they plan on cutting $5.5 billion which means they must let go of 7,000 people from the company!
Do you wonder why it took so long for the Black Widow movie to be made? Let’s take a look at what Marvel’s CEO said about female superheroes.
Disney made some changes in their company, which caused them to end the show Willow after only one season due to lack of approval from viewers. Meanwhile, Lucasfilm has been asked by Disney to create more Star Wars content, which could lead to the cancellation of an already planned Indiana Jones series.
Ant-Man and the Wasp: Quantumania didn’t do so well when it came out at the cinemas, and Marvel Studios is now having to rethink their strategy for future movies and shows. This is partly because fans are less excited about the Marvel franchise after Avengers: Endgame. To make sure profits keep rolling in, Marvel Studios has decided to delay some of its Disney+ shows.
As we get more information on what Disney is doing, you can find it here at FilmSweep. Take a look at our newest talk with Feige below: