Beginning its life in 1984, the Karate Kid franchise emerged as a true underdog story that captivated audiences. The first film, released in the summer of 1984, became a sleeper hit because the industry didn't see it coming, but it's easy to see why it became an audience favorite. Just about everyone has dealt with their share of bullying, and here was a film that showcased someone honing a skill, standing up against it, and defying the odds.