Quotulatiousness

November 10, 2022

Contemplating the end of brand franchises like Star Wars

Filed under: Business, History, Media — Tags: , , — Nicholas @ 05:00

Ted Gioia is wondering how Star Wars ends:

Original Stormtrooper Hero Helmet from Shepperton Design Studios + originalstormtrooper.com

Lately, I’ve been wondering how Star Wars ends.

Let me be clear, I’m not worried about how the story resolves, or what happens to the characters. I have zero interest in all that. Darth Vader can win the Nobel Peace Prize, for all I care.

I’m more concerned with how a powerful brand franchise loses its stranglehold on the culture. And it’s not just Star Wars, it’s all those other stories that never achieve closure. I’m talking about Batman and Indiana Jones and James Bond and the Marvel Cinematic Universe (or MCU, for short), and the rest of them.

They all die, sooner or later. But how?

Heroes in capes and colorful costumes seem invincible now, if only because these fictional flâneurs are bigger than anything else in commercial culture. If Spiderman and Batman were real people, they would boast higher incomes and net worth than any flesh-and-blood entertainer in the world. The Marvel Cinematic Universe, which Disney acquired back in 2009, must be worth ten or twenty times the $4 billion they spent back then — total revenues from Marvel brands since then are somewhere around the one trillion dollar mark.

No pop star in history has ever possessed that kind of earning power.

Can these franchises just go on forever? The management team at Disney certainly must hope so, judging by their never-ending slate of Star Wars, Marvel, and other brand extension offerings. No Time to Die isn’t just the name of the 25th James Bond movie, but a promise for the future — why not another 25 films in the series? Or 50 or 100?

But brand franchises do die, or become so tired that few people care anymore. Universal Studios made so much money from Ma and Pa Kettle films that these corny comedies allegedly saved it from bankruptcy in the 1940s, but by 1960 audiences had lost interest in the predictable formulas of the series.

The Carry On films were the most dependable audience draw in British comedy, but after 31 movies the franchise could carry on no longer. A final resuscitation attempt after 14 years not only failed at the box office but was voted the worst British film ever made.

Some franchises not only die, but become genuinely toxic as attitudes evolve — killing, for example, the Charlie Chan franchise, and making it unlikely that Tarzan or the Lone Ranger or many other once lucrative brands will ever enjoy another meaningful payday.

None of this should surprise us, because narratives and protagonists go in and out of fashion like anything else. A story that charmed your grandparents is unlikely to interest your grandchildren.

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