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.