Disney's box office WOES continues as 'Strange World' set to lose over $100M in theatrical run
LOS ANGELES, CALIFORNIA: Disney is probably the biggest production company in the world right now and earns a huge amount of money every year because of its extraordinary titles. However, 2022 has been a difficult year for the studio as some of the highly-anticipated projects didn’t click with the audience and turned out to be a dud. But it seems Disney’s latest animation film ‘Strange World’ is turning out to be one of the rarest box office failures where the production company is set to lose over $100 million.
‘Strange World’ follows the journey of Clades, a family of legendary explorers who must set aside their differences as they embark on a journey to a mysterious planet named Avalonia, inhabited by surreal lifeforms in order to save Pando, a new plant. Dennis Quaid voices the character of Jaeger Clade while Jake Gyllenhaal voices Searcher Clade in the movie. Even with such big names attached to the project, the movie is not generating a lot of excitement in the minds of viewers.
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According to Deadline, the animated feature film earned only $11.9 million from more than 4100 theatres in North America in its opening weekend. Meanwhile, the tally went up to $18.6 million during the Thanksgiving holidays. The aforementioned figures are much lower than the previously predicted numbers of $30-$40 million. However, the movie started its international run with a dismal $9.2 million from 43 markets, which means the movie earned $27.8 million globally in its first weekend.
This is a really bad start for Disney, but ‘Strange World’ isn’t the first movie to lose money during its theatrical run. Movies such as ‘Lightyear’ and ‘Encanto’ didn’t perform well at the box office as well. As per the estimates, Disney is set to lose over $100 million in its theatrical run.
The movie has a production budget of $180 million, which means, the animation feature film would have to make at least $360 million at the box office to break even. However, the current trends show that it might be challenging for the movie to even cross the cost of production.
‘Strange World’ currently has a rating of 73% on the review site Rotten Tomatoes, but the movie’s audience score is much lower at 59%.
