And in terms of marketing, that's because those are the childhood memories of millennial consumers, who are growing into their adulthood. "It seems that there's a cycle every 20 years," said Stuart Elliott, who served as The New York Times' advertising columnist for over 20 years, in an interview with Motherboard. The company's mini NES Classic flew off shelves, and the rumored SNES mini will likely do the same. Even video game companies like Nintendo rely on their long-established franchises to drive current sales. And the trend won't be declining anytime soon over 120 remakes or reboots are currently in production. Current box office behemoths like The Fate of the Furious, Power Rangers, Smurfs: The Lost Village, and Kong: Skull Island are either continuations of long-established franchises or reboots to pre-existing properties. And after that? Over a dozen more live-action remakes of Disney animated films are in the pipeline, and they'll be released at the approximate rate of one film per year.īut Disney is not the only media company mining its past for box office gold. Disney will be remaking and releasing Mulan in 2018. Then came Maleficent in 2014 ( $750 million), Cinderella in 2015 ( $500+ million), The Jungle Book in 2016 ( $950 million), and Pete's Dragon in 2016 ( $140 million). The Mouse's latest penchant, of turning those animated films into live-action remakes, started with the release of Alice in Wonderland in 2010, which also made over $1 billion at the box office.
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