Executives at Warner Bros. are waiting to see how “The Secrets of Dumbledore” is received by audiences before giving the greenlight to films four and five in the FantasticBeasts series.
, but not like this,” said Stephen Galloway, the dean of the Chapman University film school. “This is a confluence of events that does not bode well.”
Those drawbacks could be cause for concern, because the first two “Fantastic Beasts” installments made nearly 75% of revenues from foreign sales. And the tentpoles have not gotten less expensive to produce even as the global box office for Hollywood films has contracted. After shelling out $200 million for each of the first two films, Warner Bros. made a concerted effort to rein in the budget for “Secrets of Dumbledore,” working to keep the price tag in the high $100 million range.
Rowling is active on Twitter but mostly avoids press these days because she believes her comments have been repeatedly taken out of context by the media, according to knowledgeable individuals. After sitting out HBO Max’s “Harry Potter”, Rowling made a rare appearance at the London premiere of “Fantastic Beasts 3.” However, she stopped short of talking to journalists and did not take red carpet photos with the cast.
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