Steven Spielberg leaves 'Indiana Jones' franchise as director
The legendary director steps down from 'Indiana Jones' for the first time after 39 years
Variety senior correspondent Elizabeth Wagmeister provides insight into Thanksgiving weekend box office numbers.
Steven Spielberg is taking a pass at directing "Indiana Jones 5" and is instead passing the torch to someone new after his 39-year tenure, according to Variety.
Insiders told the publication that "Ford v Ferrari" director James Mangold may take over the new installment, though the deal hasn't been finalized. Spielberg will remain as a producer of the upcoming action-adventure, however. It is currently not known whether "Indiana Jones" co-creator George Lucas will be involved in the project.
Spielberg at the 92nd Oscars Feb. 9 at the Dolby Theatre at Hollywood & Highland Center in Hollywood. (CRAIG SJODIN via Getty Images)
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Harrison Ford, 77, is set to work on "Indiana Jones 5," according to the actor's recent interview with the CBS Sunday Morning show.
The Walt Disney Company first announced "Indiana Jones 5" in 2016. Spielberg was originally meant to direct the film, however, production delays pushed its initial 2019 release date to 2020 and then again to 2021 before he finally decided to step down.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| DIS | THE WALT DISNEY CO. | 98.93 | +0.04 | +0.04% |
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Disney execs told Variety that Spielberg's decision to remove himself was completely his decision.
Prior to his exit, Spielberg had a tight grip on the "Indiana Jones" franchise more so than his other cult franchises "Jaws" and "Jurassic Park."
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Out of the four "Indiana Jones" films he’s directed, Spielberg has earned eight Oscar nominations. His last film, "Indiana Jones and the Kingdom of the Crystal Skull," raked in $790.6 million in the global box office with its 2008 release.
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If Mangold ends up taking over, it will be the second time he has taken on a blockbuster franchise. He previously directed "X-Men's" final Wolverine movie "Logan," which marked Hugh Jackman's final appearance as the superhero and grossed $619 million globally.