Disney (and others) at the Box Office - Current State of Affairs

[TP2000]

For the future purposes of Haunted Mansion, Louisiana/New Orleans Tax rebates bring the budget to 120 million. Not that the budget wasn't 157, but uniquely Disney got some solid tax/rebate money back for filming in said locations. At least that money is external for the company for once.

Edit: though I would NOT edit the marketing down and keep it locked to the pre rebate ‘budget’ aka 75m for marketing.

Okay, but there are 38 states that offer tax rebates/breaks of some kind for movie and TV production. California doles out hundreds of millions of dollars in tax breaks alone. Georgia, New York, Texas, New Jersey, etc. all give tax breaks to lure movie production to their states.

Are those common tax breaks only factored in when a movie is made in Louisiana, but not California or Georgia? And if not, why wouldn't those tax breaks show up as being factored in to the budget of a film in any state that offers them?

Incentives Map

www.mediaservices.com

California Gov. Newsom Signs Bill Extending Film & TV Tax Incentives For Five More Years – Updated

UPDATED, 4:25 PM: California Gov. Gavin Newsom signed a bill today that extends the state’s $330 million-a-year Film and TV Tax Credit Program for an additional five years. The California Film Comm…

deadline.com

 

["El Gran Magnifico"]

Someone needs to tell Iger that maybe movies just aren’t his thing.

He’s better off sticking to theme parks. But even that endeavor seems a bit precarious for him right now.

 

[wtyy21]

The Little Mermaid could only wish for the overseas box office that Barbie has pulled in the past 10 days.

Mermaid Overseas Box Office, 66 Days = $264 Million
Barbie Overseas Box Office, 10 Days = $423 Million

Not only that, even Pixar-made Elemental and Oppenheimer numbers could surpass overseas box office numbers of Mermaid live-action remake in the next few days, as the gap between three films regarding overseas box office numbers appeared to be closer this week.




Mermaid Overseas Box Office, 66 Days = $264 Million
Elemental Overseas Box Office, 44 Days = $250 Million
Oppenheimer Overseas Box Office, 10 Days = $226.3 Million

Elemental and Oppenheimer both currently have smaller worldwide box office numbers than TLM. But, giving that many countries have yet to release both respective films (Elemental release in Japan on August 4, Oppenheimer release in China on August 30, Korea on August 15, Japan TBA), the box office performance of both films might surprise us since both films are suspected to have bigger percentage box office revenues overseas than domestic ones.

 

[celluloid]

Someone needs to tell Iger that maybe movies just aren’t his thing.

He’s better off sticking to theme parks. But even that endeavor seems a bit precarious for him right now.

In a recent interview with the Director of the new Haunted Mansion flop. The director was asked about Iger's statements against the striking unions.

He said he had never met the guy but imagines a civil conversation where he can tell him what he said did not go over well and how it came across.

I know CEO's are very busy, but, when your company is majority a film business first, you would have at least introduced yourself or visited the set of one of your big summer releases at least once to check on things.

Was he busy in Sun Valley then too?

 

[Disney Irish]

In a recent interview with the Director of the new Haunted Mansion flop. The director was asked about Iger's statements against the striking unions.

He said he had never met the guy but imagines a civil conversation where he can tell him what he said did not go over well and how it came across.

I know CEO's are very busy, but, when your company is majority a film business first, you would have at least introduced yourself or visited the set of one of your big summer releases at least once to check on things.

Was he busy in Sun Valley then too?

Most of the CEOs of the major studios don't visit the sets of film productions, this isn't the Golden Age of Hollywood where Louis B Mayer would visit a set.

 

[celluloid]

Most of the CEOs of the major studios don't visit the sets of film productions, this isn't the Golden Age of Hollywood where Louis B Mayer would visit a set.

You don't have to go that far back. You are defending too much. Maybe if he cared a bit more they could have a movie turn a healthy profit or at least get better results.

The dude rarely walks around Imagineering or plays the gong show, and he has never even met the director of one of the bigger budget movies of the year and based around one of their most famous theme park properties that they are all ready to synergize.

He's just kind of a shoddy CEO.

 

[Disney Irish]

You don't have to go that far back. You are defending too much. Maybe if he cared a bit more they could have a movie turn a healthy profit or at least get better results.

The dude rarely walks around Imagineering or plays the gong show, and he has never even met the director of one of the bigger budget movies of the year and based around one of their most famous theme park properties that they are all ready to synergize.

He's just kind of a shoddy CEO.

The point is still the same, this isn't defending Iger, its just saying CEOs rarely make an appearance on sets in modern Hollywood. If they do its usually because something is majorly wrong with the production, but again that is very rare for the CEO to step-in at that level.

Like for example do you think Zaslav visited the sets for Flash, or Barbie, or any other WB production since the merger, probably not.

Or for that matter do you think that Roberts visited the sets of Oppenheimer or Fast X any other Universal production, probably not.

Each of these companies have a head of the studios, that is who visits the film sets, not the CEO of the media conglomerates that own the studios.

 

[Disney Irish]

Hmmm, SawPatrol?!?

 

[tcool123]

But who can forget about Theater Camp? That little indie film from Disney's Searchlight Studio also exists.

So far, it has lost $8.1 Million at the box office. That's assuming they only spent $1 Million on marketing after it's reported $8 Million budget. With a global box office take of $900,000 for Disney.

Let's round that down to only an $8 Million loss so far, which would bring Disney's total summer box office loss to $353 Million.

View attachment 734312

Its not even playing nationwide yet, and looking at their social media it’s only playing in 60 cities, and it’s up 126% from last week. I think we should wait to see if Disney pushes for it go into a wide release - only three theaters in a 20 mile radius are playing it down here, before jumping the gun on this low budget offering.

That said my city is one of those, and I watched it on Friday. A solid niche comedy for those of us that like musicals or was a theater kid or you know still is. It has comedy, it has heart, and it is just silly fun - albeit I don’t think Disney cares enough to actually market the film so that people know it exists.

Given it’s low budget and overall quality it would likely be great padding for streaming as well costs about the same as some of their other smaller scale fare on their platforms

 

[Casper Gutman]

Someone needs to tell Iger that maybe movies just aren’t his thing.

He’s better off sticking to theme parks. But even that endeavor seems a bit precarious for him right now.

This is stupid. Disney has been the box office champ for seven straight years before this one. Their success has been phenomenal, the envy of Hollywood. Let’s try to stay a tiny bit tethered to reality.

 

[Disney Irish]

Its not even playing nationwide yet, and looking at their social media it’s only playing in 60 cities, and it’s up 126% from last week. I think we should wait to see if Disney pushes for it go into a wide release - only three theaters in a 20 mile radius are playing it down here, before jumping the gun on this low budget offering.

That said my city is one of those, and I watched it on Friday. A solid niche comedy for those of us that like musicals or was a theater kid or you know still is. It has comedy, it has heart, and it is just silly fun - albeit I don’t think Disney cares enough to actually market the film so that people know it exists.

Given it’s low budget and overall quality it would likely be great padding for streaming as well costs about the same as some of their other smaller scale fare on their platforms

Being in a major market like the SF Bay Area, I saw the trailer for it play in front of Oppenheimer.

 

[Casper Gutman]

Hmmm, SawPatrol?!?

View attachment 734345

This is going to get insufferable fast.

 

[Disney Irish]

This is going to get insufferable fast.

Welcome to the new Hollywood Marketing Machine....

 

["El Gran Magnifico"]

This is stupid. Disney has been the box office champ for seven straight years before this one. Their success has been phenomenal, the envy of Hollywood. Let’s try to stay a tiny bit tethered to reality.

Yeah. Okay.

Disney’s Harsh New Reality: Costly Film Flops, Creative Struggles and a Shrinking Global Box Office

Disney, once the theatrical gold standard, is experiencing a turn in box office fortunes.

variety.com

Disney Suffers 3 Box Office Flops in a Row With Their Animated Movies

Disney's recent struggles with animation at the box office have not been fantastic.

thedirect.com

Disney's 'Haunted Mansion' Flops, 'Barbie' Keeps Soaring at Box Office

The box office numbers are in for this weekend, and it looks like 'Barbie' is still the queen bee of the hive.

amp.tmz.com

The Biggest Box Office Bombs Of 2022: Deadline’s Most Valuable Blockbuster Tournament

Lightyear, Strange World, Amsterdam, Devotion and Babylon were among the biggest box office bombs of 2022.

deadline.com

I guess the definition of success has changed. I’m sure every studio is gunning for those types of results.

 

[Jedijax719]

This is going to get insufferable fast.

Shipping together movies that have absolutely no cross-appeal is tight!

 

[Casper Gutman]

Yeah. Okay.

Disney’s Harsh New Reality: Costly Film Flops, Creative Struggles and a Shrinking Global Box Office

Disney, once the theatrical gold standard, is experiencing a turn in box office fortunes.

variety.com

Disney Suffers 3 Box Office Flops in a Row With Their Animated Movies

Disney's recent struggles with animation at the box office have not been fantastic.

thedirect.com

Disney's 'Haunted Mansion' Flops, 'Barbie' Keeps Soaring at Box Office

The box office numbers are in for this weekend, and it looks like 'Barbie' is still the queen bee of the hive.

amp.tmz.com

The Biggest Box Office Bombs Of 2022: Deadline’s Most Valuable Blockbuster Tournament

Lightyear, Strange World, Amsterdam, Devotion and Babylon were among the biggest box office bombs of 2022.

deadline.com

I guess the definition of success has changed. I’m sure every studio is gunning for those types of results.

You understand the difference between 2023 and 2015-2022, right? The current situation is significant precisely because, up until a few months ago, Disney was the unquestionable giant of the film industry.

 

["El Gran Magnifico"]

You understand the difference between 2023 and 2015-2022, right? The current situation is significant precisely because, up until a few months ago, Disney was the unquestionable giant of the film industry.

And why do you suppose that is? Mario had no problem banking a cool bill. Maverick did well. Do you see any movie on the horizon for Disney that is an undeniable “giant”. Indy wasn’t. Which is both shocking and sad at the same time. You think it’s going to be Snow White?

Maybe an outside shot with Wish. Possibly Deadpool next May. But they got a whole bunch releasing soon that aren’t going to make a whole lot of money. If any.

Disney’s performance since Iger’s return has been a dud, to put it mildly.

 

[Jedijax719]

And why do you suppose that is? Mario had no problem banking a cool bill. Maverick did well. Do you see any movie on the horizon for Disney that is an undeniable “giant”. Indy wasn’t. Which is both shocking and sad at the same time. You think it’s going to be Snow White?

Maybe an outside shot with Wish. Possibly Deadpool next May. But they got a whole bunch releasing soon that aren’t going to make a whole lot of money. If any.

Disney’s performance since Iger’s return has been a dud, to put it mildly.

The problem is that there's no real pattern between Mario, Maverick, and Barbie other than nostalgia. And sometimes nostalgia works and sometimes it doesn't. The idea of "they're just better scripts" is HIGHLY subjective. If it were objective, then everyone would be doing it. But now, unfortunately, there's nobody to be writing anything.

 

[mysto]

The problem is that there's no real pattern between Mario, Maverick, and Barbie other than nostalgia. And sometimes nostalgia works and sometimes it doesn't. The idea of "they're just better scripts" is HIGHLY subjective. If it were objective, then everyone would be doing it. But now, unfortunately, there's nobody to be writing anything.

Barbie is not a success because of nostalgia, that merely enticed some people to attend. A solid script, inspired visual direction, and a host of intellectual jokes surprised viewers in the best way.

There was some nostalgic highlighting of sought after Barbie merch, but again it was twisted into an intellectual joke. I really think nostalgia explains about 5% of the positivity.

 

[BrianLo]

Disney’s performance since Iger’s return has been a dud, to put it mildly.

Ignoring Avatar, of course.