Cripes! Gang, I was just doing one of my 8 second Google searches, and doing it inadequately as per usual, and I learned that
Elio has a reported production budget of $300 Million?!? Why? How did Emeryville let the budget balloon that far past their usual (and already bloated) $200 Million?
If it's true that
Elio has a production budget of $300 Million, and they spend $100 Million on global marketing, that would mean it will need to blow past $800 Million at the global box office to merely break even. And for those of us who use the Metric system and/or ascribe to the less finely tuned 2.5X The Production Budget formula, that still means
Elio needs to reach $750 Million at the global box office to break even.
A $200 Million bloated Pixar budget for
Elio would already present a steep hill for it to climb, but $300 Million?!? That spells box office doom for
Elio I'm afraid.
What are they doing on the Pixar campus to spend $300 Million on Elio? Are they sending out free catered lunches and a mani/pedi mobile to all the homeless encampments in Emeryville???
Maybe we can hope it "only" cost $250 Million to produce
Elio? I'd also like to see some more trustworthy legacy industry sources confirm that budget this week, like
Variety or
The Hollywood Reporter. So maybe there's hope?
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Ongoing production issues have reportedly caused the budget for the Pixar film Elio to skyrocket up to a reported $300 million.
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