Here’s something you probably don’t realize about how Hollywood works. I know I wasn’t familiar with it. But it turns out that, for some of the biggest franchises in the industry, studios often sign “use-it-or-lose-it agreements.” What this means is that they buy the rights to a franchise for a certain number of years. But if they fail to make any progress towards making a film after a while, then they run the risk of losing the rights entirely. So studios can’t buy the rights to a major franchise, and then take a long time figuring out what kind of movie they’re going to make. They’re under pressure to produce content quickly. For “Spider-Man,” for example, Sony committed to begin production on new films within “3 years and 9 months of their last release, and they must get it into theaters within 5 years and 9 months of their last release.”
This has been standard in the industry for a long time. The very first film adaptation of “The Hobbit” was made in 1967.
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