'Avatar' and 'Star Wars' Films Revealed at Disney Event

Every two years, thousands flock to a California convention center, dressed as their favorite Disney princesses and heroes, for D23. Patrick T. FALLON / AFP/File
Every two years, thousands flock to a California convention center, dressed as their favorite Disney princesses and heroes, for D23. Patrick T. FALLON / AFP/File
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'Avatar' and 'Star Wars' Films Revealed at Disney Event

Every two years, thousands flock to a California convention center, dressed as their favorite Disney princesses and heroes, for D23. Patrick T. FALLON / AFP/File
Every two years, thousands flock to a California convention center, dressed as their favorite Disney princesses and heroes, for D23. Patrick T. FALLON / AFP/File

Disney lifted the lid on "Avatar: Fire and Ash" and presented new footage from "Star Wars" and Pixar movies at a giant showcase in front of 12,000 fans in California on Friday.
"Avatar" director James Cameron took the stage at the company's biennial D23 fan gathering to announce the name of the latest installment of his sci-fi franchise, due out December 2025, said AFP.
"The new film is not what you expect. But it's definitely what you want," teased Cameron of his third visit to Pandora.
The previous two "Avatar" films are the highest and third-highest grossing movies of all time, earning $5.2 billion combined.
Images from the new movie, currently in production in New Zealand, showed its blue Na'vi characters dancing around a campfire, as well as images of giant floating ships and flying beasts.
The director promised higher emotional stakes, and "new cultures and settings and creatures and new biomes."
"You'll see a lot more Pandora, the planet, that you never saw before," he said.
The fourth and fifth "Avatar" films are scheduled for 2029 and 2031.
Also in Friday's presentation, Disney fans saw a first glimpse of "The Mandalorian and Grogu."
Out in May 2026, it will be the first "Star Wars" film since 2019's divisive "The Rise of Skywalker."
Disney, which had been churning out a new "Star Wars" film every year to that point, dramatically slammed the brakes in the face of diminishing box office returns.
"We're putting 'Star Wars' back on the big screen,'" said Dave Filoni, producer of the new movie -- which is spun off from streaming series "The Mandalorian," and will feature its beloved Baby Yoda.
Footage showed the cutesy creature and his mercenary friend speeding around a snowy planet.
On the television side, Jude Law plays a Jedi in "Skeleton Crew," streaming in December.
The kid-centric show is "in the spirit of... coming-of-age films of the '80s like 'The Goonies' and 'E.T.,'" promised Law.
'Who else?'
The giant D23 fan gathering caters to and showcases the obsessive loyalty of Disney's most die-hard devotees.
Every two years, thousands flock to a California convention center, dressed as their favorite princesses and heroes.
Tickets -- ranging from $80 to an eye-watering $2,600 VIP pass -- allow attendees to spend yet more money on rare merchandise, and watch starry presentations unveiling new films, shows and theme park rides.
"Who else but Disney could pull off a weekend like D23, right?" CEO Bob Iger asked the packed crowd at Anaheim's NHL professional ice hockey arena, to cheers.
Seconds later, the suited executive was replaced on stage by a troupe of hula-ing Polynesian dancers and Dwayne "The Rock" Johnson, promoting "Moana 2."
But beneath the euphoria, Friday night's presentation of new movies and TV shows comes at a key time for Disney.
The company's Pixar and Marvel franchises have suffered uncharacteristically poor runs in recent years, with high-profile flops like "Lightyear" and "The Marvels."
Disney's stock price remains well below half its 2021 peak. Rounds of cost-cutting have seen thousands of jobs cut since last year, mirroring trends across Hollywood.
This summer has brought welcome relief, with monster hits "Deadpool & Wolverine," and "Inside Out 2" -- already the biggest animated film of all time.
'Toy meets tech'
Pixar on Friday announced "Hoppers," a new animated movie about a young girl who can "hop" her brain into a robotic beaver.
Out in spring 2026, it will follow her undercover adventures into the animal world, where she befriends a "regal beaver" called King George, and helps battle an evil mayor voiced by Jon Hamm.
And Pixar's "Toy Story 5," out a few months later, will see the beloved toys vie with electronic devices like phones and tablets for children's attention.
"This time around, it's toy meets tech," said director Andrew Stanton.



Walt Disney Earnings Beat Market Estimates; Profit Slips at Parks

The entrance to Walt Disney studios is seen in Burbank, California, US August 6, 2018. REUTERS/Lucy Nicholson/File Photo Purchase Licensing Rights
The entrance to Walt Disney studios is seen in Burbank, California, US August 6, 2018. REUTERS/Lucy Nicholson/File Photo Purchase Licensing Rights
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Walt Disney Earnings Beat Market Estimates; Profit Slips at Parks

The entrance to Walt Disney studios is seen in Burbank, California, US August 6, 2018. REUTERS/Lucy Nicholson/File Photo Purchase Licensing Rights
The entrance to Walt Disney studios is seen in Burbank, California, US August 6, 2018. REUTERS/Lucy Nicholson/File Photo Purchase Licensing Rights

Walt Disney reported on Wednesday quarterly earnings that exceeded Wall Street expectations, buoyed by the success of animated Pixar film "Inside Out 2", which helped overcome a profit decline at theme parks.

April-June operating income nearly tripled at its Entertainment unit, with the combined streaming businesses of Disney+, Hulu and ESPN+ posting a profit for the first time, Reuters reported.

But the company's shares slipped 0.8% before the bell as its experiences segment that includes parks and consumer products - and makes up just over half of profit - recorded an operating income drop of 3%. Disney said "moderation" of demand at its US parks could continue through the next few quarters.

Operating income for the unit is likely to fall by "mid single digits" in the July-September quarter compared with the same period a year prior, Disney said.

Adjusted earnings-per-share reached $1.39 for Disney's fiscal third quarter, topping analyst estimates of $1.19, LSEG data showed. Revenue rose 4% to $23.2 billion, beating forecasts of $23.1 billion.

Chief Executive Bob Iger touted success in the entertainment division, where Disney's combined streaming businesses turned a profit a quarter ahead of its projections.

"We are confident in our ability to continue driving earnings growth through our collection of unique and powerful assets," Iger said in a statement.

Iger is working to rebuild Disney after billions of dollars in loss from streaming efforts, the decline of traditional television and a rough patch for its storied film studio.

The movie studio is showing signs of resurgence.

"Inside Out 2" notched $1.6 billion in global ticket sales and "Deadpool & Wolverine," which debuted in the current quarter, has brought in more than $850 million.

"After several years of misfires and muted successes, Disney has now in the span of a month and a half released the highest grossing animated film of all time and achieved the largest ever opening for an R-Rated film," MoffettNathanson media analyst Robert Fishman wrote ahead of Disney's earnings release.

While it remains to be seen whether those successes represent a return to form, Fishman said, the upcoming film slate is "filled with highly dependable" titles including "Moana 2" and Oscar-winning director Barry Jenkins' "Mufasa: The Lion King."

The Entertainment division, which includes the film, television and streaming businesses, reported operating income of $1.2 billion in the quarter.

The Disney+, Hulu and ESPN+ streaming services produced operating profit of $47 million.

At the Sports unit, which includes the ESPN network and Star India business, operating income reached $802 million, a 6% decline from the previous year as costs to air cricket matches increased.

The experiences unit reported operating income of $2.2 billion. Demand slid at domestic parks, cruise ships, consumer products and some international parks "delivered improved results," Disney said.

Ben Barringer, technology and media analyst at Quilter Cheviot, said the parks results "pour fuel onto the fire" of concern about a slowing US economy.

"Coupled with other travel companies recognizing poor growth, it is clear people are scaling back their spend when it comes to tourism and recreation," Barringer said. "Some of this is due to Disneyland Paris struggling due to the Olympics being in town, as well as China going through its own economic problems, but the guide is not a positive one and thus we should expect further struggles through the rest of the year."