With all of the discussion about the financial future of the MCU, I thought I'd try and lay out what my current expectations around the announced and speculated films. These are very early on, and there's probably a better sense of the financial outlooks on things as trailers are released and any hype builds. Still, I thought I'd share my thoughts at least, as I tend to talk a lot about the box office side around here.
Black Widow $300M domestic, $800M worldwide
This shouldn't be a big film for the studio, as it's a prequel on a lower tier avenger, but it still had enough going for it. One, being the first film of the next phase means you'll have audiences waiting for this film. Black Widow is still an original avenger after most of the others have left. Third, the release date of early May is a great one, as people expect to see a big Marvel movie in that slot. I think it opens pretty big a
The Eternals $225M domestic, $600M worldwide
This is probably the riskiest project the MCU has planned, and one where marketing and word of mouth will need to play a big role. This project is a big mystery though to general audiences, and if audiences decide they don't want to jump into a whole new set of characters, I can see this falling short of even these fairly tepid expectations for a Marvel film. Still, probably comfortably profitable. It mainly needs to beat well received to generate interest in the next phase.
Shang Chi $350M, $1B
I'm a little bullish on this one, as even though it's an unknown character, Marvel has found great success with big solo origin stories during the winter period. I'm assuming a strong worldwide tally as the Asian markets will respond positively, but the Chinese market is always hard to predict.
While the release date and a traditionally underrepresented demographic being profiled will draw parallels to Black Panther, I don't think that's a reasonable comparison. There was too many lightning in a bottle elements there, but this is a highly profitable film without that type of success. I also think that this feels like a very accessible superhero origin story, so its a safe bet in that regard. The Eternals being an alien race may get too weird for many, while this appears to be more grounded (note: I'm not familiar with the comics, AO I can be out to lunch here).
Doctor Strange and the Multiverse of Madness - $350M domestic, $1B
We'll see where they go with the storylines leading up to this, but name multiverse suggests a lot of crossover. This may end up feeling a lot like an Avengers film. Centering on one of the least successful characters to date(based on box office) though limits its breakout, and the numbers here are probably the high end.
Thor: Love and Thunder $400M $1.2B
This is where I think Marvel has laid out a pretty safe strategy for themselves. If they do struggle with something of the other films, they'll likely be able to bring things back here. I think people loved the Waikiki take on the character and fans will comes out enthusiastically for this.
Other projects without confirmed release dates
I think GOTG3 and Black Panther 2 are safe bets for a billion dollars internationally and probably $400M domestically.
Captain Marvel 2 may not be as successful as the first one. It seemed to benefit from its role between the avengers films. I still think it's profitable, but it could struggle to get to $300M domestically unless they do something really interesting with it.
Whatever they do with Antman will probably land in the similar range as the previous ones.
Summary
I think Marvel will have no issue putting out a string of profitable films. This many potential billion dollar hits would be huge deal for any other studio. It lacks any obvious $2B films (or even $1.5B). But, I'd argue that the last two Avengers films were the only films to ever be safely predicted at that type of level.
All of this is before any Xmen or other Fox properties enter the picture, so Marvel has the ability to drive more interest of things stagnate.