Saturday, June 11, 2011

Pirates of the Caribbean: On Stranger Tides crosses $200 million in 22 days. It won't match its budget domestically, but it may hit $1 billion worldwide.

Disney's Pirates of the Caribbean: On Stranger Tides is the poster child for the overwhelming strength of overseas box office over the last couple years.  Here is a movie that is poised to become one of the fifteen biggest grossing movies of all time worldwide, yet it will likely not surpass its $250 million production budget in domestic grosses. But the film did cross the $200 million mark in 22 days, or merely three days faster than the first Pirates of the Caribbean back in 2003.  The prior sequels did it in nine days and eight days respectively, so this is indeed a franchise comedown on the domestic front.  Worldwide however, the film has already passed the $654 million grossed by Curse of the Black Pearl, with its sights set on the $963 million grossed by At World's End and the $1.066 billion grossed by Dead Man's Chest.  In terms of just foreign grosses, On Stranger Tides has grossed $615 million (the fourteenth largest total ever), and it's bearing down on the $642 million overseas total for Dead Man's Chest and the $654 million overseas cum for At World's End.  Obviously, we'll know in a week or so whether Pirates of the Caribbean: On Stranger Tides becomes the first franchise to have two films reach $1 billion worldwide and/or becomes the first film to hit $900 million $1 billion while grossing less than $250 million in the US.  Fascinating...

Scott Mendelson

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