the studio laid off 75 employees this week to offset recent losses.Pixar’s once-unquestioned position in the family-movie game of thrones has been rapidly usurped by bloodthirsty competitors.
Last weekend, Sony’s “Spider-Man: Across the Spider-Verse” raked in a huge $120 million, while Universal’s “The Super Mario Bros.
Movie” just topped $1.3 billion worldwide, making it the third highest-grossing animated film ever after Disney’s “Frozen II” and the remake of “The Lion King,” both from 2019.Audiences are demonstrably interested in animated films — just not in Pixar.Yes, the studio is about to re-enter the fray with “Elemental,” a 3D movie in which the main characters are cutesy fire and water elements, which screens in the Tribeca Film Festival on Saturday and opens wide June 16.
But critics were unimpressed by its premiere last month at the Cannes Film Festival. “Elemental” currently holds a 60% score on RottenTomatoes, making it the second-worst-received movie ever from the studio.
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