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Shark Tank's Kevin O'Leary says if he were 25 today, he'd chase these two booming opportunities in the world of AI

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Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living

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Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs
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Greta Gerwig downplays talk of a ‘Barbie’ sequel: ‘For me, at this moment, I’m at totally zero’

By
Chris Morris
Chris Morris
Former Contributing Writer
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By
Chris Morris
Chris Morris
Former Contributing Writer
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July 27, 2023, 11:40 AM ET
Ryan Gosling as Ken and Margot Robbie as Barbie in Warner Bros. Pictures’ “Barbie."
Ryan Gosling as Ken and Margot Robbie as Barbie in Warner Bros.’ “Barbie.”Courtesy of Warner Bros. Pictures
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Barbie is one of the hottest films of 2023, trouncing Indiana Jones and John Wick in just one week and already making a beeline for The Super Mario Bros. Movie, the current box office leader. So it makes sense that Mattel and Warner Bros. are eager to make a sequel.

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For now, though, the visionary director who brought the Mattel toy to life says she’s not on board.

Greta Gerwig, in an interview with the New York Times, downplayed the idea of Barbie as the next big franchise for the studio, despite its success.

“At this moment, it’s all I’ve got,” she said. “I feel like that at the end of every movie, like I’ll never have another idea and everything I’ve ever wanted to do, I did. I wouldn’t want to squash anybody else’s dream, but for me, at this moment, I’m at totally zero.”

Gerwig made history with Barbie, as the film broke records with $155 million at the box office. That’s the biggest opening weekend ever for a female director, beating Captain Marvel (which made $153 million in 2019 and was codirected by Anna Boden and Ryan Fleck) and Patty Jenkins’s Wonder Woman ($103 million in 2017).

Mattel, of course, could opt to move Barbie movies forward without Gerwig. And, in fact, the company seems set to do so. Speaking with Variety, CEO Ynon Kreiz, whose idea it was to create a Mattel cinematic universe, strongly implied there are plenty more stories to tell.

“Barbie, as a brand, has many different iterations,” he said. The product lines of Barbie is a very broad brand. In addition to the main Barbie figure, she has family, she has a lot of elements around in her universe. It’s a very rich universe…It’s a very broad and very elastic brand, in terms of opportunities…At the outset, we’re not saying, ‘Okay, let’s think already about movie two and three.’ Let’s get the first one right and make that a success. And if you do that, opportunities open up very quickly, once you establish the first movie as a successful representation of a franchise on the big screen.”

Mattel’s not stopping with Barbie. The toymaker has films in various stages of development for 14 of its lines, including Barney, Polly Pocket, Thomas & Friends, and American Girl.

The Fortune 500 Innovation Forum will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what’s next for the American economy, Nov. 16-17 in Detroit. Apply here.
About the Author
By Chris MorrisFormer Contributing Writer

Chris Morris is a former contributing writer at Fortune, covering everything from general business news to the video game and theme park industries.

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