Walt Disney Co.’s live-action remake “Snow White” opened at a lackluster $43 million in ticket sales in the US and Canada, falling short of analyst expectations. The film faces controversy over its casting choices and depiction of certain groups, which may have impacted its performance. With a production budget of $250 million, Disney will need to generate significant revenue from subsequent weeks to break even. Despite this, the company’s strategy of re-releasing animated films in live-action format is expected to continue, with “Lilo & Stitch” set for release in May.
The film’s poor opening weekend has contributed to a slow first quarter at the box office, with many analysts predicting lower results compared to previous years. However, Disney’s live-action remakes have proven successful in the past, with films like “Beauty and the Beast,” “Alice in Wonderland,” and “The Lion King” grossing over $1 billion worldwide.
Analysts believe that the true measure of a film’s performance lies not in its opening weekend but rather in subsequent weeks. With family films often taking time to build buzz, Disney will need to rely on word-of-mouth and continued interest from fans to drive revenue. The company’s strategy, however, is expected to remain intact, with more live-action remakes planned for the future.
In this case, though, it seems that “Snow White” has a tough road ahead of it.
Source: https://www.yahoo.com/entertainment/disneys-snow-white-opens-lackluster-152302166.html