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Soundwave said:

Now that Nintendo has tasted that sweet, sweet box office $$$$ ... no way do they go TV for Zelda I don't think.

They know they could make big money off a theatrical film, I think as much as some people may bemoan they are totally looking at the Marvel Cinematic Universe model where they build up to a Smash Bros. movie.

Frankly movie theaters and the theater industry need Nintendo too, you can only rely on superhero movies so much, theater chains desperately needed something beyond just that to come along and boost revenues, and voila along comes Mario. 

This leads me to believe the following:

With the success of the Mario movie plus the fact that Nintendo acquired and renamed their own animation studio half a year ago

Their partnership w/ Universal is strictly temporary. They are using it strictly as a means to get them fully familiar w/ the process of making animated movies, running theme parks, etc. All these different forms of media and all the details and intricacies that go into them. Then, when the time is right, they'll take matters into their own hands and do it themselves.

It's all part of Nintendo's REAL end goal: Standing toe-to-toe and competing w/ Disney.

They view themselves as equal or perhaps even superior to Disney in terms of IP and brand recognition and mainstream popularity. Mario are Pikachu are two of the only mascots in the world who can rival Mickey Mouse in recognition and icon status. And while they are the undisputed kings and queens of video gaming. As far as other medias are concerned? They have been WOEFULLY lagging for FAR too long. The worldwide, mass media conglomerate juggernaut that Disney has become in the last 30-40 years. Movies, TV shows, multiple TV CHANNELS, theme parks, stores, their own streaming service, owning multiple massive companies like Marvel, Lucasfilm, ESPN, Fox (although I think they may be regretting that purchase), that's what Nintendo wants to be. I'm honestly shocked its taken them this long to make their first big step in that venture. Did the '93 live action Mario movie really scare the piss out of them THAT much?