It is undeniable that Marvel Studios are placing all their hopes on “Guardians of the Galaxy Vol. 3” following the former’s commercial failure, recently “Ant-Man and the Wasp: Quantumania”. The success of this upcoming film has become of utmost importance to the makers, as the once-thriving universe is now experiencing a decline at the box office. Given the disappointing outcome of a promising setup in the past, the makers are determined to ensure that “Guardians of the Galaxy Vol. 3” does not contain any loopholes. And to achieve that, the production team is taking all possible measures, including pouring a substantial amount of money into the film and suspending future plans.
Guardians of the Galaxy Vol 3 Budget Revealed
According to a verified source, the production budget for Marvel/Walt Disney Studios “Guardians of the Galaxy Vol. 3”, the third installment in the franchise, is a massive $250 million, excluding marketing and promotional expenses. As the most important film in one of the successful cinematic universes, the makers feel compelled to make “Guardians of the Galaxy Vol. 3” even bigger than its predecessors, making the $250 million budget appear reasonable. Anyways, it is part of the pre-planned budget for Tier-1 films within the production.
It is needless to say that a significant portion of Marvel’s budget is allocated towards the film’s visual effects, while the remainder is used to secure the film’s top-billed actors, some of whom have reportedly received double compensation. In addition to the $250 million production budget, the makers have also invested a considerable amount of money in marketing the threequel, which is customary for Marvel productions and is beneficial in creating buzz for the film. The makers are spending generously on the production, and early buzz and box office projections for the film are positive.
However, to turn a profit, the film must earn at least $1 billion worldwide— less than would be unacceptable to the makers. If “Guardians of the Galaxy Vol. 3” fails to gross $1 billion, it could deal a significant blow to both Marvel and Walt Disney Studios, and potentially impact the makers’ future plans, so hope everything goes as expected by the makers. “Guardians of the Galaxy Vol. 3” produced by Kevin Feige under the production banner of Marvel Studios and is set to be distributed by Walt Disney Studios. The official theatrical release date of “Guardians of the Galaxy Vol. 3” is 5 May 2023.