CelebrityBusinessAnalyst.com Discusses Pacific Rim’s Disappointing Show at The Box Office

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Celebrity Business Analyst discusses the ramifications of Pacific Rim’s failure at the box office, following a July 14th article in the IGN entitled, “Pacific Rim Disappoints with Third Place Box Office Debut.”

CelebrityBusinessAnalyst.com discussed the results of Pacific Rim’s box office figures, explaining how the film’s performance will affect both the industry and the director of the film, Guillermo del Toro. Given the film’s large budget, its disappointing box office figures may not bode well for the film’s overall success.

Jim Vejvoda, Executive Editor for the Movies channel at IGN, announced the figures for Pacific Rim’s recent box office opening in his July 14th article titled, “Pacific Rim Disappoints with Third Place Box Office Debut.” The film was made with a budget of over $200 million and was released among a decent lineup of summer blockbusters. Despite its vast production budget, the film grossed just under $40 million in its opening weekend in the United States, and $53 million in markets overseas; for a total of just under $100 million. However, Jim counters these seemingly underwhelming numbers with some hope. He writes that according to The Hollywood Reporter, though the film was disappointing in its opening weekend, it is not just keeping, but exceeding the pace of predecessors that went on to gross over $300-$400 million overall.

Pacific Rim, an epic concerning robots and monsters, from acclaimed director Guillermo del Toro, opened to lukewarm reviews and disappointing box office numbers. Though the film has developed a steady pace following its opening, critics expressed concern over the possibility of the film making money—money enough to make up the cost of the movie itself, not necessarily a large profit. Though the film may reap more funds in the future through repeated showings on primetime anytime or through DVD sales, the film will have to gain wide audiences at a regular pace over the next few weeks, both in the U.S. and overseas. Though studios with disappointing box office films are often able to write losses off on their taxes, the same is not necessarily true of the film’s director, Guillermo del Toro. Del Toro’s career is grounded in smaller works, such as Pan’s Labyrinth, a foreign-language film in del Toro’s own native Spanish. Though del Toro has handled large-budget films, such as the Hellboy franchise, a loss as large as this one may prove a significant barrier in his career as a big-budget director, forcing him to continue producing lower-budget work.

IGN is an online source for gaming and entertainment news, reviews, and announcements, aimed toward men ages 18-34. IGN boasts a website visitation rate of 1 in every 4 males in the United States, producing a vast audience for entertainment news. IGN is also featured in countries such as Australia, the UK, and Germany.

Celebrity Business Analyst announced its opinions on the financial aspects of the film Pacific Rim, Guillermo del Toro’s epic about robots and monsters, which opened to disappointing box office numbers, bringing in only ¼ of the film’s $200 million budget. Though spectators remain hopeful that the film will bring in far more revenue as its box office run continues, Celebrity Business Analyst believes that the possibility of failure will result in quite a hit for director del Toro.

About Celebrity Business Analyst:
CelebrityBusinessAnalyst.com is an online resource detailing movie star salaries, film-making budgets and costs, and miscellaneous financial information about the film industry.

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