Generally, August is when studios release either stuff they need to get off the table but are too expensive to just dump in January/February or September, or titles that they're not absolutely sure will be blockbusters but are good enough to become word-of-mouth hits. (The Sixth Sense was an August release, ditto the first Guardians of the Galaxy.) Disney might have had something in releasing Elio in early August, when all the other kid-friendly blockbusters are worn out, if not for having already staked out Freakier Friday for the "word-of-mouth" slot.
As for Elio's massive retool ostensibly being in the name of high quality, that didn't help either Captain America - Brave New World or the Snow White remake's prospects, or Wish before that. If anything these days massive retools on Disney projects tend to be throwing out the baby and keeping the bathwater.
The real red flag regarding Elio is that Disney still hasn't lifted the professional review embargo as of Monday night, and I can't remember the last time they waited this long to do that for a Pixar movie. If this movie was going to get glowing reviews, they would have capitalized on them by now. (I suspect they're still smarting over lifting the review embargo for Wish the Friday before it opened.)
As for Elio's massive retool ostensibly being in the name of high quality, that didn't help either Captain America - Brave New World or the Snow White remake's prospects, or Wish before that. If anything these days massive retools on Disney projects tend to be throwing out the baby and keeping the bathwater.
The real red flag regarding Elio is that Disney still hasn't lifted the professional review embargo as of Monday night, and I can't remember the last time they waited this long to do that for a Pixar movie. If this movie was going to get glowing reviews, they would have capitalized on them by now. (I suspect they're still smarting over lifting the review embargo for Wish the Friday before it opened.)