When Marvel first sought financing for their little project, Shang-chi was part of the initial pitch. I believe Marvel structured their plan based on big ticket films of $175 Mil and then smaller films with a modest budget. I think $575 Million was the request of Merryl Lynch against all of their IP as collateral if they failed to repay the loan?
Disney saw the $$$ from Iron Man and the rest is history. Bottom line though was that small character based films was the norm. After the uber success of The Avengers Feige changed everything to the point of having an in studio management disagreement over the ballooning cost of Civil War, which I believe Perlmutter totally disagreed with and balked at. I don't believe Perlmutter was wrong though as this path is truly unsustainable and can only be accomplished one time.
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