CelebrityBusinessAnalyst.com Comments on Despicable Me 2’s Success at the Box Office

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In the wake of a July 15th Wall Street Journal article entitled, “’Despicable Me 2’ Rules Box Office for Second Week in a Row”, Celebrity Business Analyst uncovers the film’s budget and total worldwide gross thus far, declaring the film a resounding financial success.

CelebrityBusinessAnalyst.com announced the financial success of 'Despicable Me 2', taking into account both its worldwide box office total and its initial production budget. Though there was some concern as the film was considered a big-budget enterprise, the film has brought in over $400 million more than its production budget. Despicable Me 2 has so far trumped the summer blockbusters 'Grown Ups 2', 'Pacific Rim', and Disney’s feature film, 'The Lone Ranger'.

A July 15 article in The Wall Street Journal identified Despicable Me 2 as a clear winner at the box office, both in its opening week and the week after. The film was up against another family movie, Grown Ups 2. Despite tough competition, including from the action film Pacific Rim, Despicable Me 2 wowed at the box office. The film doubled its international gross in a single week, boosting its domestic total to over $200 million. As the Wall Street Journal article notes, this is a welcome result for the film’s distributor, Universal Pictures.

Following Erich Schwartzel’s analysis of Despicable Me 2, Celebrity Business Analyst researched the film’s production budget and its overall gross so far at the box office. The film’s budget totaled $76 million, grossing approximately $250 million domestically, in addition to approximately $270 million in the foreign market, bringing the total gross to over $500 million--$400 million over its budget. Celebrity Business Analyst’s senior editor said of the film’s success: "Given its financial acquisitions, Despicable Me 2 is without a doubt a resounding box office success. Given the film’s critical acclaim, it will undoubtedly be a success for its distribution company, satellite TV provider, and even the film’s studio after the film has been released to video."

CelebrityBusinessAnalyst.com stated today that Despicable Me 2 has not only garnered praise for its performance and production, but also for its box office success. The film has made over $400 million more than its original budget. Though the film was touted as having a large budget ($76 million), it has more than made up for the cost of filming and production, rendering it an instant success.

About Celebrity Business Analyst:
CelebrityBusinessAnalyst.com is an online resource for celebrity and film news. The site focuses specifically on celebrity finances and the financial aspect of filmmaking.

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