‘Pacific Rim’ $9M Opening In China Biggest Ever For Warner Bros: Sequel Likely Now

EXCLUSIVE… UPDATED: I’ve just learned that momentum is building for a Pacific Rim sequel based on the international box office for the Legendary Pictures/Warner Bros summer tentpole. The latest development is the 3D sci-fi actioner’s Wednesday opening in China to a record-breaking $9M from an estimated 5,700 digital 3D screens, 117 digital 3D IMAX screens, and 22 China Giant Screen sites. That’s a new high for any Warner Bros release and 23% bigger than for any Harry Potter film including 3D Harry Potter 7B. Pacific Rim grossed a huge 70% of the Top Five market share there. This is after the pic broke through to become the #1 film internationally on July 19-21 as it rolled out into less than half the global territories. Pacific Rim releases in Spain, Brazil and Japan on August 9th. The result is that screenwriter Travis Beacham (who had the original idea which also resulted in Legendary’s homegrown graphic novel) and co-scribe/director Guillermo del Toro’s film will likely have a sequel. No one is yet saying this movie is going to turn a profit due to the high cost of its Industrial Light & Magic CGI which sent the budget to $180M-$220M. Unfortunately, U.S. theatrical sales are not expected to exceed $100M all in so overseas coin was crucial. But international was always a big part of Pacific Rim‘s strategy in a crowded summer marketplace. Through Tuesday, the pic’s foreign cume is $144.7M from 52 territories and its worldwide total is $229M. As I’ve said before, Legendary’s mega-financier Thomas Tull has the luxury of mining this marginal outcome into a franchise. Warner Bros underwrote 25% of the film and receives the global distribution fees.

Nikki Finke is currently on vacation.

This article was printed from https://deadline.com/2013/07/pacific-rim-9m-opening-in-china-biggest-ever-for-warner-bros-sequel-likely-553878/