When the film first premiered in 1992, it received lukewarm reviews and box office numbers. It was the first live-action musical of its kind, with original music by Alan Menken and Jack Feldman. At the time, this kind of production was unheard of, and despite the commercial success of several animated musicals, live-action song-and-dance movies just weren’t fashionable. But as the years between the film’s debut and the modern age grew, a loyal fan base for the film grew. Ultimately, the show was retooled for a successful run on Broadway after creators noticed unlicensed versions of the show were popping up across the country.
This year, the film and all of its original music celebrates its 30th anniversary – with a theatrical reissue. As the fan base for the show and subsequent musical has grown over the years, Disney may be hoping the reissue of this film will give it a little theatrical redemption.
Disney+ Day aims for more revenue
Disney+ Day comes right on the heels of Disney beating Netflix
( for the number of subscribers thanks to 14 million new users in the last quarter. Disney, which is also increasing its subscriber numbers thanks to subsidiaries Hulu and ESPN, pleased investors by posting better-than-expected profits in its last quarter. A major event like Disney+ Day is likely to generate more revenue from these event screenings and exclusive events. NFLX)
Disney, of course, is no stranger to the success of including popular musicals in their streaming lineup. In 2020, fans around the world tuned in to the streaming service to enjoy the first on-screen presentation of Lin-Manuel Miranda’s groundbreaking Broadway hit “Hamilton.” Disney reportedly bought the rights to the piece for $75 million. The deal brought many fans to the streaming service who would otherwise not have a chance to see the hit musical in person, and the move also brought Miranda into the Disney fold.
While Disney is unlikely to plan to build more content on top of its much-loved “Newsies” IP, the company is clearly poised to make a little extra cash from the nostalgia of longtime fans of the show. And who knows? In an era where workers, from food service to tech, are looking to unionize as a way to communicate their needs to major mega-corporations like Starbucks
( and Amazon SBUX) ( ‘Newsies’ storyline may be more ripe for a remake than even Disney expects. AMZN)