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Posted: 2023-06-13 22:43:44

Walt Disney Co. updated its film release schedule on Tuesday, delaying some major films by as long as three years.

The third instalment of Avatar moves to December 2025 from an earlier date of December 2024. Two other Avatar sequels were pushed back by three years to 2029 and 2031 respectively.

Daisy Ridley plays Rey Skywalker in the 2019 Star Wars film, The Rise of Skywalker.

Daisy Ridley plays Rey Skywalker in the 2019 Star Wars film, The Rise of Skywalker.Credit: Lucasfilm

Two upcoming films in Marvel’s multibillion-dollar Avengers franchise were delayed by a year, to May 2026 and May 2027. The next Star Wars movie was pushed back a year, to May 2026. Disney hasn’t released a Star Wars picture since 2019.

Disney didn’t give a reason for the delays. Chief executive officer Bob Iger has been trying to wring more profits from the business, including cutbacks in content spending.

The writers’ strike in the US, which began on May 2, has put the production of many major TV series and films on pause and at risk of delays. Some have been cancelled outright.

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No Pixar or Disney animated films appear to be impacted, noted Kevin Near, an analyst with Bloomberg Intelligence. “They could just be rethinking the strategy around some of their most popular franchises,” he said.

The delays are unwelcome news for theatre chains desperate for more films from studios to draw movie-goers back to their screens.

Avatar: The Way of Water, the second movie in the Na’vi universe from director James Cameron was released in December. It became the third highest-grossing picture of all time with $2.3 billion in ticket sales.

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