Apparently Box Office Mojo won't have a preview article this week, the week that Pete's Dragon comes out. I always look forward to those articles, especially with a Disney movie coming out.
It seems my prediction for Pete's Dragon is going to be off the mark though. Most of the articles I can find that are making long term predictions for Pete's Dragon have it making between 30-33 million this weekend, and a total of around $117 million overall domestically. I am hopeful it does better, but it doesn't seem realistic for it to make $200 million
There are a couple other big questions for Disney movies. I know a couple of people on here don't think either has a chance at all, but by the numbers it looks like it is going to be really close. For those that like numbers maybe you will enjoy this, but maybe not...
(1) Will Jungle Book get to $1 Billion worldwide.
Currently Jungle book is just about at $941.2 million. On Thursday they open in their final country - Japan. While they will still make a marginal amount in other countries and domestically, essentially it will need 58-59 million in Japan. To look deeper, let's look how the other Disney Live action remakes did. I think you can throw out Alice (which made 133.6 million in Japan) as it is extremely unlikely that the Jungle book will be as popular as Alice was in Japan. You can also throw out the Great and Powerful Oz (18.8 million in Japan) as it is extremely likely that Japan will be drawn to the Jungle book more (Oz was not very popular in the other Asian Countries, making less in every Asian Country compared to nearly every Disney Live Action Movie, including the Jungle book, where it has already made nearly $200 million more in the Asian Countries having made significantly more in every Asian Country than Oz). So the best two comparisons are Maleficent and Cinderella. Maleficent made $63.2 million in Japan while Cinderella made $47.1 million. Well Jungle Book did easily outperform Maleficent and Cinderella in the Asian Countries, but two countries maybe should be removed from this consideration. India obviously loved Jungle Book for obvious reasons, so the numbers are astronomical there compared to the others. I also took out China where it made $150 million (Maleficent, Cinderella and Oz combined for 92 million). So if you remove China and India, the Jungle Book still outperformed both Maleficent and Cinderella in the Asian Countries. It's going to make more than Cinderella, but can it keep up the trend in the Asian Countries and outperform Maleficent this long after coming out. It will also have more competition, and not just from the Olympics. Also releasing in Japan this week is Secret Life of Pets and X-men Apocalpyse, as well as a limited release of Ghostbusters (as well as 5 other movies). But it is important to note that this month is the best month of the year for the box office in Japan, it is the only month that schools are all out.
One note - Japan is not like the US in how their box office numbers go. They have a much better staying power. Movies will not have big drops from week to week, and it actually makes a good bit of money mid week as well. Take Finding Dory for example. Finding Dory's 3rd weekend in Japan (July29-31) was nearly identical to it's second weekend (Weekend 2 - $4.5m, Weekend 3 - $4.3m). Zootopia made more money in Weekend 4 then weekend 3, the list goes on and on. So it will start slow but just keep going.
(2) Will the Jungle Book catch Deadpool
This one will be close. After yesterday, the Jungle book will be less than $400,000 from Deadpool. It made $517,355 last week, but should see closer to a 30% loss this week which is higher than it had been losing. I think Disney will keep it in theaters long enough to break it. In fact, based on its current tracking, it might do it in 2 weeks. this will stay in theaters till the end of August at least, but it will really see insignificant returns in September (note - Zootopia just ended its box office run today! it made over $3 million dollars in the us box office AFTER its release to DVD/Blu-ray...maybe I need to reconsider how much Jungle Book will make domestically...hmm)
(3) Will finding Dory get to $1 Billion worldwide
I find this one a lot more interesting. Dory is still making a good bit of money in several countries. It also has 10 countries it hasn't release in yet. It is also still making a good amount of money in Japan and UK, and should make around $16 million more domestically at least (and if it has the staying power like Zootopia towards the end of its run it could make quite a bit more than that and still challenge for the $500,000 mark). As of August 7th worldwide it had made $871.3 million. If you add in the $16 million domestic, which is a very reasonable number compared to what it still could make, that's $887 million. It is still early with Japan too. Through 3 weeks in Japan it's numbers are above where Zootopia was at, and only 2 million off of where Finding Nemo was at as it gets into their prime movie season. But it will be hurt by the competition (Jungle Book and Pets) in Japan. Regardless, Zootopia made an additional $42 million after week 3 (and we already said it was doing better than Zootopia) and Finding Nemo made an additional $69 million, and Finding Dory is doing close to the same pace. With the competition it won't be able to match Finding Nemo, but it certainly should exceed the $40 Million of Zootopia. So let's just go with $35 million to be cautious. That puts it at $922 million. UK is also similar to Japan. it typically has smaller drops week to week, and decent week numbers before the weekend. Finding Dory has nearly identical numbers to Finding Nemo after 2 weekends (10 release days). Finding Nemo was at $27.1 million, Finding Nemo was at $26.4 million. It is well ahead of the numbers for Zootopia. What finding Dory doesn't have to compete with is Secret Life of Pets - that released back in June. So what life does Finding Dory have in UK. Well after Day 10 Zootopia made 16 million, and Finding Nemo made 40 million. It certainly will make more than Zootopia, but let's be conservative and not put it near the Finding Nemo numbers even though it is tracking right with them. Let's go with 28 million more which seems relatively conservative. Now Dory is at $950 million.
So what countries does Finding Dory have left spread out over just over a month? Lithuania, Denmark, Finland, Norway, Sweeden, Greece, Turkey, Italy, Austria, and Germany. All it needs is $50 million. Finding Nemo made $53.9 million in Germany. Overall Finding Nemo made over $100 million in these countries, while Zootopia made $68.1 million. Jungle Book has outperformed Zootopia in nearly every country (except China interestingly enough). So it seems like $50 million should be in its grasp. Also a note - Finding Dory is not done in quite a few other countries, and will make some money there. I can't pinpoint exactly but it will be several million cumulative.
My prediction:
All there of these are accomplished. The odd release schedule has made it a much slower build, but each of these movies still is on target to beat the marks. Of course no movie will do well in every country, but overall it seems both movies will have enough gas to get to $1 billion and Jungle Book will have enough to pass Deadpool. But you never know for sure... (yes, I love numbers...too much I am afraid)
Now go out and watch Pete's Dragon. It derserves a better box office then it will likely get.