From ‘The Electric State’ to ‘Citadel,’ the Russo Brothers’ Projects Can Break the Bank. But Do They Pay Off?

Russo Brothers AGBO Electric State Extraction The Gray Man Everything Everywhere All At Once
Clockwise from left: Gilbert Flores; Netflix (3); A24 / Everett Collection

Thanks to projects like this month’s “The Electric State,” Netflix’s most expensive movie ever, directors Joe and Anthony Russo have gained a reputation as one of the most profligate filmmakers in the industry. In truth, the full output of their company, AGBO, covers a much wider spectrum of spending, with the Russos partnering with streamers, indie studios and Marvel alums on an array of splashy, action-oriented productions. While their next films — 2026’s “Avengers: Doomsday” and 2027’s “Avengers: Secret Wars,” produced by Marvel and AGBO — will almost certainly cost a king’s ransom, the Russos have also amply demonstrated that the size of the budget does not necessarily correlate with the size of the audience.

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