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NEWS: Alita: Battle Angel Film Earns US$62.3 Million in Opening Weekend in China




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One-Eye



Joined: 08 Mar 2011
Posts: 2261
PostPosted: Mon Feb 25, 2019 1:28 pm Reply with quote
I'm glad it sounds that its doing better than initially expected. However, $500mil to break even on a $170-200mil film? I'm finding that hard to believe. I could see the $350-400mil, because its not unheard of that advertising and marketing will double the cost of the film. But $500mil? If this is true then were they expecting it to earn a billion, because that would seem overly optimistic. Especially after the delays in its release. Its not like an established franchise like Star Wars where you can count on a fanbase to come out in droves.
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azabaro
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Joined: 06 Jul 2007
Posts: 252
PostPosted: Mon Feb 25, 2019 1:48 pm Reply with quote
I think part of the reason Alita may need to hit higher numbers to break even is that studios don't get all the box office revenues (and in China specifically, they get a smaller cut than they do in the US). As for expected returns, well...some folks may have been banking on the James Cameron connection.
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AkumaChef



Joined: 10 Jan 2019
Posts: 821
PostPosted: Mon Feb 25, 2019 1:48 pm Reply with quote
I'm glad it seems to be doing better as well!

As for the budget, the rule of thumb that the marketing budget equals the production budget is about the only thing I've heard from credible sources. That seems to jive with the statement given by Fox. The higher figures could very well be exaggeration on the part of the "sources".
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Chrno2



Joined: 28 May 2004
Posts: 6171
Location: USA
PostPosted: Mon Feb 25, 2019 3:48 pm Reply with quote
Looks like Asia will more than likely carry this title to the top. Fans guessed right on China's embrace of the film. But what does Japan say, what does S. Korea say?
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Jose Cruz



Joined: 20 Nov 2012
Posts: 1775
Location: South America
PostPosted: Mon Feb 25, 2019 11:59 pm Reply with quote
It is doing great on South Korea, already had revenues of ca. 20 million there. In Brazil the movie is doing pretty badly though, I came out the same day as in the US and its box office revenues are much lower even correcting for the smaller size of the market. Considering the 65 million that Alita made in the Chinese market over the first weekend means that it could get up to 200-250 million dollars there, so China is mainly responsible for the future of Alita franchise.

Talking about profitability: Usually the studio gets about 50% of gross revenues, the rest stays with the movie theaters. Alita cost 170 million to produce and 100 million in publicity, so it needs to earn revenues of about 540 million to break even. Since it will also generate revenues with merchandise, streaming and disk sales, to be considered a break even requires revenues around 450 million dollars.

I think that to get a sequel Alita does not necessarily need to make a profit since these days movies survive as franchises so the first movie of a movie series just needs to start building up the fanbase for future titles. Pacific Rim got a sequel even though its revenues were not enough to break even.
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DerekL1963
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Joined: 14 Jan 2015
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Location: Puget Sound
PostPosted: Tue Feb 26, 2019 4:56 pm Reply with quote
Chrno2 wrote:
Looks like Asia will more than likely carry this title to the top. Fans guessed right on China's embrace of the film. But what does Japan say, what does S. Korea say?


According to this article Alita is currently the #2 anime related movie in Japan. According to https://www.the-numbers.com/movie/Alita-Battle-Angel-(2019)/South-Korea#tab=summary it's pulled $16 million USD in South Korea.

Really, this stuff isn't hard to find out.
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Chrno2



Joined: 28 May 2004
Posts: 6171
Location: USA
PostPosted: Tue Feb 26, 2019 6:54 pm Reply with quote
DerekL1963 wrote:
Chrno2 wrote:
Looks like Asia will more than likely carry this title to the top. Fans guessed right on China's embrace of the film. But what does Japan say, what does S. Korea say?


According to this article Alita is currently the #2 anime related movie in Japan. According to https://www.the-numbers.com/movie/Alita-Battle-Angel-(2019)/South-Korea#tab=summary it's pulled $16 million USD in South Korea.

Really, this stuff isn't hard to find out.


Excellent. Wonder why Korea pulled so low? Surely they're familiar with the property.
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Kadmos1



Joined: 08 May 2014
Posts: 13566
Location: In Phoenix but has an 85308 ZIP
PostPosted: Thu Feb 28, 2019 2:02 am Reply with quote
One-Eye wrote:
I'm glad it sounds that its doing better than initially expected. However, $500mil to break even on a $170-200mil film? I'm finding that hard to believe. I could see the $350-400mil, because its not unheard of that advertising and marketing will double the cost of the film. But $500mil? If this is true then were they expecting it to earn a billion, because that would seem overly optimistic. Especially after the delays in its release. Its not like an established franchise like Star Wars where you can count on a fanbase to come out in droves.

I think the idea of creative/Hollywood accounting comes to play for the break even.
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