Oscar-winning actress Meryl Streep returns as Miranda Priestly after 20 years with The Devil Wears Prada 2. The 20th Century Studios film is set to release this summer. Ahead of its release, Streep opened up about the budgets allocated to `chick-flicks`. She credited the success of films such as Barbie and Mamma Mia for a boast in budget. Streep also added that 20th Century Studios `spent money` on The Devil Wears Prada 2.
Meryl Streep on film`s budget
When asked how different things are from the time passed between the two films, Streep said, “20 years ago, it was categorised as a chick-flick and that designation has kind of not worn well. After Barbie and Mamma Mia, to throw that in, and other films that completely catch the studios by surprise that people want to see them. Because they have women in the centre of the story. So, they were not… We had to scramble for our budget and that was true. I think I`ve talked to Greta [Gerwig] about it, that was true with Barbie a little bit, in comparison to what they spend on other films. This one, honey, they spent the money,” Meryl Streep said on The Late Show.
More about The Devil Wears Prada 2
The Hollywood drama The Devil Wears Prada 2 is an upcoming sequel to the 2006 film, with an official trailer released ahead of its planned May 1, 2026 theatrical debut. Directed by David Frankel and written by Aline Brosh McKenna, the film brings back original cast members including Meryl Streep, Anne Hathaway, and Emily Blunt.
The story is set years after the original and continues within the fashion publishing industry, focusing on the evolving media landscape and the decline of traditional print magazines. The character of Miranda Priestly remains central, navigating industry changes and shifting power dynamics.
Emily Blunt’s character is depicted in a senior executive role with significant influence over advertising, creating professional conflict. The film retains the Runway magazine setting and builds on established character arcs. It is produced under Disney, which now controls the original studio’s catalogue.
