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Avatar is cursed for remakes like Fantastic Four
(lemmy.world)
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Well.. Paramount, which owns Nickelodeon, allows Netflix to make an adaptation and makes a fat check off the IP. They don't really lose any money either way. The good news is that they've given the creators of Avatar their own studio now and tons of new animation projects are in the works.
Which makes it more obvious that this was a cash injection to boost the Avatar-verse.