I appreciate the dedication SpongeBob fans have. But, I don't see how the IP would warrant a large land expansion at Universal.
1) It's third party. If we look at recent third party partnerships, we see Nintendo, Pokemon, and Potter. Can anyone point to any objective measures which demonstrates the SpongeBob IP comes anywhere close to one of these other third party IPs?
2) The IP is not as relevant as it was. SpongeBob's last movie (2025) was profitable only due to its relatively low budget; it didn't even get close to breaking $100 million domestic ($69 million). This makes it the worst performing SpongeBob theatrical release by far, and that's before adjusting for inflation. SpongeBob's entire theatrical run made only $5 million more than FNAF 2's opening weekend (~$65 million), or just $1 million more than Wicked For Good's opening day+previews ($68 million), and those two movies weren't even the best performing movies of the year (#20 and #6, SpongeBob is way down the list).
3) What demographics does SpongeBob 'add' that Universal doesn't already have covered? I could easily see an argument made for low performing third party IP if say, it brought in a specific country's population, or it appealed to Gen Z girls, or something Universal doesn't already have. But isn't SpongeBob's core audience (American male Gen z/millennials) already covered with IPs like Transformers, DreamWorks, Marvel, SNW / Pokemon, etc?
I'm certainly open to being wrong about this.