I believe they meant domestically. I would like to point out that most of the top ten films in theaters right now underperformed expectations this weekend it was not just Mermaid but the insustry as a whole.
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Since the theaters have reopened what original films have done well? First that comes to mind is Encanto, Lost City, and Free Guy alongside a smattering of smaller films that while successful their cultural impact has yet to be seen. To me there have been plenty of other films that have underperformed such as Dungeons and Dragons, Strange World, pretty much the majority of the comedies, every big budget musical, etc.
That was iver a decade ago, viewing habits have changed for consumers due to streaming and COVID-19.
If that’s the case Little Mermaid is a gold mine as it made roughly the same in its opening weekend
On the first day of previews it eas alresdy at 1/10 on iMDB while the other sites for audience enjoyment were far higher