Monday, May 29, 2023

The Little Mermaid: The Film's Opening Weekend Box Office Gross

The Little Mermaid is not the kind of film about whose box office performance I am inclined to make guesses. Disney's live-action remakes of its animated classics are still a fairly small sub-genre, offering little basis for the kind of analogies that underlie so much of box office gross forecasting than action-adventure blockbusters, and indeed, even the highly prolific Marvel Cinematic Universe with its over thirty films to date. Still, I have to admit that when recently suggesting that we might in 2023 not see a single live-action movie break the $1 billion barrier, especially as the chances of Guardians of the Galaxy 3 (and the Marvel Cinematic Universe with it), Indiana Jones, and then The Flash, all seemed to recede further, I thought that if any movie might prove me wrong it would be The Little Mermaid.* (After all, the movies have been huge money-makers, with four of the current wave of such films to date breaking the billion-dollar barrier, and two doing it in 2019 alone--namely Aladdin and The Lion King.**)

Now that, too, seems most unlikely. The Little Mermaid, just a few days ago supposed to be headed for a $135-$140 million gross over the four-day weekend seems likely to finish with something less domestically--just $118 million. Meanwhile the movie is doing even more poorly abroad, with $68 million collected internationally--a figure sufficiently underwhelming that while some of the entertainment press present the domestic underperformance as a "win," the disappointment there is undeniable. (Incidentally the film did have a release in that huge and important Disney market, China--where it collected $2.5 million.)

I will not get into the issue of why this has been the case. There are lots of other people doing that already, many doubtless better-informed. But it is another underperformance in a year already looking to be full of them for Hollywood, and for Disney especially, as what was arguably the first "normal" year for the box office with respect to the release schedule and audience behavior post-pandemic time and again elicits weak responses to its full slate of would-be blockbusters.

* The three movies in question are the late 2021 release Spider-Man: No Way Home, and 2022's Top Gun: Maverick and Avatar: The Way of Water, while the animated The Super Mario Bros. Movie has already been the year's first $1 billion hit.
** The other two are 2016's The Jungle Book and 2017's Beauty and the Beast.

No comments:

Subscribe Now: Feed Icon