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Managing Movie Superheroes Is About to Get a Lot More Complicated

LOS ANGELES — Walter Hamada is not a typical superhero wrangler.He doesn’t have a booming, fanboy-in-chief personality. His modest home office, at least as it appears on Zoom, is light on the usual cape-and-cowl collectibles. Hollywood was not even his first calling: He set out to be a mechanical engineer.As the president of DC Films, however, Mr. Hamada, 52, manages the movie careers of Wonder Woman, Batman, Cyborg, the Flash, Superman and every other DC Comics superhero. And the new course he has charted for them is dizzying.The most expensive DC movies (up to four a year, starting …

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