Around The World In 80 Days
|Budget: $110 million||Financed by: Walden Media|
|Domestic Gross: $24,008,137||Domestic Distributor: Disney|
|Overseas Gross: $48,170,758|
Directed by: Frank Coraci
Produced by: Bill Badalato
Phil Anschutz’s Walden Media financed this large budgeted disaster for $110 million and Around The World In 80 Days had the majority of its costs covered from pre-sales by Summit. During development, Paramount boarded the pic as domestic distributor, but pulled out due to cast and budget concerns and Walden went ahead with production without a domestic distributor, as expensive sets had been constructed and Jackie Chan had a lucrative $18.5 million pay-or-play deal. Disney eventually signed on as domestic distributor, acquiring the US rights in the low $20-million range, plus a P&A spend near $40 million. Disney scheduled the remake to open June 16 and it entered a market crowded with family fare already in release — Harry Potter and the Prisoner of Azkaban, Shrek 2 and Garfield: The Movie. It was booked into 2,801 theaters and pulled in a miserable $7,576,132 — placing #9 for the weekend led by new openers DodgeBall and The Terminal. The film declined 43.6% the following weekend to $4,274,941 before crashing 76.3% the third weekend to $1,015,138. Around The World In 80 Days closed its US run with a terrible $24,008,137. Disney would see returned about $13.2 million after theaters take their percentage of the gross and no cash overages would flow back to Walden. The big budget remake pulled in mostly awful numbers overseas for the distributors who overpaid for the rights, with an ok $9.4 million from Germany as the highest tally and a soft $7.7 million from the UK, but every other territory produced poor grosses. The overseas total was a less than blockbuster $48,170,758 across numerous distributors, leaving this remake as one of the costliest blunders at the box office. Disney had a string of early and mid-year disasters in 2004 — Hidalgo, Home On The Range, The Alamo and Raising Helen.