It is never clear if that amount includes advertising costs, which can be many, many millions more.
Rule of thumb for movie income - the Producer (Disney) and the movie theaters split the Box Office ticket sales 50%-50%.
That means the film must - at the very least - sell $500 million of tickets for Disney to break even.
Movie opened May 24.
Total World Wide Box Office Yesterday - $328 million
These live action remakes are pointless. They would have probably done better to just put the old movies back in theaters.
Disney will be lucky to break even over their woke movie.
It doesn’t have to be horrible - they just have to stop making horrible films.
Already made $328 million? This planet is far past gone.
Well, once it’s had its run in the theaters , they can show it on Disney+, and if they can’t recoup their investment by then, they can just make a billion copies of the movie and make up the difference by giving them all away.
Huh, maybe it turns out people don’t like paying money to have wokeness shoved down their throats.
They will “force” it to be profitable on paper but reality is it needs 600M-700M box office to be profitable and it won’t even get close
After the first two weeks (as revenue typically drops) theaters typically retain a higher percentage of the box office.
So if they haven’t made much of their costs by now, they won’t later.
Good news then.
Go woke go broke.
It's the truth, it's actual
Ev'rything is satisfactual
Zip-a-dee-doo-dah, zip-a-dee-ay
Wonderful feeling, wonderful day, yes sir!
The problem is that people who did go and see it told other people what they saw. Those people then decided that they would rather get an enema than watch one on screen.
But the upshot is it got a bunch of ghetto dwellers to crawl out of the ghetto this weekend, come over to my quiet little white neighborhood and hang out all night in front of the little 4 screen theater that was showing the Mermaid flick. Some of them didn’t get there in time to get tickets, so they just hung out on the street instead. And of course one of them was nice enough to pull his SUV in front of the theater and blast his radio for everyone to enjoy.
Don’t sorry, they’ll just cook the books for the box office in the same way that they cooked the ratings.
Disney is like a rich person that is living paycheck to paycheck using their credit cards to pay for their living expenses and facing a balloon payment on their million dollar home.
In early 2024 Disney has to pay Comcast billions of dollars (that Disney does not have). The final amount has yet to be determined.
Expect to see Disney start selling off some assets (at a small fraction of what they paid for them) in the near future and firing many employees.
Attendance is down at their cash cow otherwise known as their Amusement Parks and and they may even have to close some of their oversea parks.
At some point in the future there will be a business class on how to kill a business and Disney will star in it.
Think of all the poor people they could have helped. Think of all the reparations they could have paid instead of making this movie.
On top of the budget, as I understand it, they also spent like 140 million to promote the film, advertising, publicity, etc.
Gee, am I supposed to feel sorry for Groomers, Inc.?
The Top Gun sequel pumped so much cash back into the studios that they can afford to take the hit on all their woke crap.
Tom Cruise saved the movie industry.
