And people think the Moana remake is gonna be a big success?
DanganWeebpa on
This will probably scare Disney away from doing race-swaps in the future.
Pokemon-trainer-BC on
The article mentioned the net budget/costs was $289,9 million.
Also, after they calculate (estimate) the loss to be $4,9 million, they also mention this at the end:
“All of these components relate directly to the production process of any movie made in the UK but The Little Mermaid also got a helping hand due to its timing. The filings add that its income was topped up with $12.9 million (£9.8 million) of other operating income, including a $4.2 million (£3.2 million) grant from the UK government in 2021 to help it deal with the effect of the pandemic. This pushed the picture back into the black, but not thanks to its performance in theaters or due to a reduction in its costs. Addressing both of these points is the only way to be sure that a movie will make a profit and it hasn’t escaped the attention of Disney’s chief executive Bob Iger. It explains why he said last year that the studio needs to “reduce costs on everything that we make because, while we’re extremely proud of what’s on the screen, it’s gotten to a point where it’s extraordinarily expensive.” The Little Mermaid is proof of that”.
So since they mention the picture being back into the black, they think it made a (small) profit in the end after all? However, more thanks to special circumstances and timing rather than something the studio controlled itself.
3 Comments
And people think the Moana remake is gonna be a big success?
This will probably scare Disney away from doing race-swaps in the future.
The article mentioned the net budget/costs was $289,9 million.
Also, after they calculate (estimate) the loss to be $4,9 million, they also mention this at the end:
“All of these components relate directly to the production process of any movie made in the UK but The Little Mermaid also got a helping hand due to its timing. The filings add that its income was topped up with $12.9 million (£9.8 million) of other operating income, including a $4.2 million (£3.2 million) grant from the UK government in 2021 to help it deal with the effect of the pandemic. This pushed the picture back into the black, but not thanks to its performance in theaters or due to a reduction in its costs. Addressing both of these points is the only way to be sure that a movie will make a profit and it hasn’t escaped the attention of Disney’s chief executive Bob Iger. It explains why he said last year that the studio needs to “reduce costs on everything that we make because, while we’re extremely proud of what’s on the screen, it’s gotten to a point where it’s extraordinarily expensive.” The Little Mermaid is proof of that”.
So since they mention the picture being back into the black, they think it made a (small) profit in the end after all? However, more thanks to special circumstances and timing rather than something the studio controlled itself.