Box Office Flop. :( loved it but I guess
It just was never meant to make money. Too bad.
shareYes...it is too bad. What this will mean is most family movies will be Secret Life of Pets and Minions clones.
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MovieChat Forums > Pete's Dragon (2016) Discussion > Box Office Flop. :( loved it but I gue...
I loved this movie
shareIt has not opened in all these countries yet
Singapore 1 September 2016
Bulgaria 2 September 2016
Philippines 7 September 2016
Chile 8 September 2016
Serbia 8 September 2016
Kosovo 8 September 2016
Lithuania 9 September 2016
Denmark 13 September 2016
Indonesia 14 September 2016
Australia 15 September 2016
Brazil 29 September 2016
Norway 30 September 2016
Netherlands 5 October 2016
Turkey 7 October 2016
Sweden 14 October 2016
Greece 20 October 2016
Japan 24 December 2016
If you fight you might lose, if you don't you have already lost.
Because countries like Serbia and Kosovo are going to bring in the big $$$, am I right? Some on that list can potentially bring in money, like Brazil. Brazil brought in $40M for Civil War. But then again Lithuania only made a little over 100 grand on that. That film also had the bonus of being a shoe-in to make big money, being part of the MCU juggernaut. Pete's Dragon has no such stool to stand on.
I wanted the film to succeed as well, but let's not be ridiculous.
He who makes a beast of himself gets rid of the pain of being a man.
$76,215,378 grossed as I write this. Probably needs about $180-200m to break even.
May break even with discs, iTunes and TV sales, but probably won't see much (if any) profit.
(There are books and toys, but I'm not sure these bring in much revenue)
I didn't realize it hadn't even reached $100M. I wonder if Disney is worried about Beauty and the Beast. I doubt it, since it's got far better name recognition and a bigger fan base going in. Also, Cinderella, another film with a bigger name and built-in fan base, made over $500M for them. Still, Pete's Dragon bombing so hard might raise some eyebrows.
He who makes a beast of himself gets rid of the pain of being a man.
Those two have girls becoming princesses, so I imagine there'll be a market for that. And, as you say, they have name recognition.
Pete's Dragon is based on an underperforming film and is about a feral boy. In general, I doubt girls would be interested in that. Boys might to an extent, but the kid in the film looks a bit girly, which might put some off.
Yeah, I doubt Beauty and the Beast will be a bomb. I actually think it will be the highest grossing of these remakes to be honest.
"Fate rarely calls upon us at a moment of our choosing."
Budget is only $65 million. It will break even as it only needs $130 million to do that and its at $76 million already with many more countries to open in. It won't make much money for Disney though.
It shows how keeping budgets down is the best way to avoid disasters. It's actually very hard to lose money so long as you keep your budget's at a reasonable level.
You Never Go Full Retard
If it only needs 130 million to break even then that would mean they spent nothing on marketing.
The previous poster was correct. 170-200million to break even. Unfortunately, it looks like it will fall way below that.
A shame - this was a very sweet movie. It had more heart and warmth to it than Maleficent, or even Jungle Book IMO.
They should have released this in autumn or during Christmas. The summer season was way too loaded with movies for children this year and this one did not stand out, marketing-wise.
It will definitely find an audience on home video - the movie is too good not to.
Surprisingly, its legs seem to be a little better than expected; it only fell 34% from last weekend - and that's despite being pulled from 450 theaters during that time. It won't help the film to break even, but when it's all said and done, it might not lose a lot of money. It hasn't opened in all markets yet, among the 17 countries where it's still to open are Australia and Japan (something tells me this could be a film that will do well in Japan). And it could find a second life when families discover it on DVD/Bluray.
So it's not yet all doom and gloom for Pete and Elliot.
"The complication had a little complication."
It's actually possible that it just might manage to make back its money. The film is small, but has decent legs, and if it does alright in Japan and Australia, it could possibly pay its bills by the end of its theatrical run. Also, it should have no problem compensating in the DVD/Blu-ray market and digital sales (iTunes, Amazon, etc).
"Lives with no meaning go straight past you, like trains that don’t stop at your station."