Bo Report: ‘Alita: Battle Angel’ wins but faces a fight to recoup

Alita: Battle Angel’ (Photo: 20th Century Fox)

Fox’s Alita: Battle Angel reigned in the Us, Australia and 40 other markets last weekend – but the studio’s prospects of turning the lavish James Cameron production into a franchise don’t look great.

The futuristic sci-fi adventure directed by Robert Rodriguez posted respectable figures which suggest the studio will be hard pressed to recoup the astronomical production budget of $170 million – reduced from the original $200 million thanks to New Zealand and Texas tax credits – and P&A spend.

The good news for Aussie exhibitors is that business rallied last weekend after several lousy weeks, boosted by Alita, Paramount’s comedy What Men Want and Forum Films’ Indian import Gully Boy.

The Universal/Blumhouse slasher-comedy Happy Death Day 2U had an anaemic bow while the Oscar nominations for eOne’s If Beale Street Could Talk and Transmission Films’ At Eternity’s Gate did not count for much.
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