$1 billion would be disappointing. This was poised to get close to $2 billion. $700 million domestic was all but certain while $650 million was absolutely certain. The reviews are devastating. I would have thought that 70's or 80's on RT would be expected if the movie didn't hit all cylinders. But 57%? With 8 days still to go? Even Aladdin was hovering around 60% for a few days.
Strong messages have been sent by critics about the live-action remakes.
The Jungle Book got excellent reviews.
Pete's Dragon and Cinderella got good reviews.
BatB got OK reviews.
Alice in Wonderland and Maleficent weren't really remakes as they were reimaginings. They got poor to middling critical reviews.
Dumbo and Aladdin got bad reviews.
However, among audiences, the lowest review was for Dumbo with fair scores, and the rest only go up from there, with Aladdin, BatB, and Jungle Book getting excellent reviews.
Pete's Dragon and Dumbo were the only ones that didn't turn a profit in the theatrical window.
So, we've seen poor reviews from critics with the movie still getting high marks from audiences and making a big profit (and solidifying the brand). [BTW, Venom and Aquaman are in this same boat.] We'll see if TLK is also in this category or not.
But, this is not a message to Disney if the critical reviews for remakes wind up to be both positive and negative at times. And it is not a message Disney will take to heart if audiences keep making them profitable.
IOW, the live remake train is absolutely in no danger of derailment.