Although the little robot inflicted a major flesh wound on Kung Fu Panda this weekend here in the states, KFP is doing brisk business on foreign shores:
DreamWorks Animation and Paramount's martial arts toon "Kung Fu Panda" has conquered the Asian box office in only three weeks, becoming the highest-grossing toon ever in South Korea.
That's good news for Hollywood studios looking to extend their international reach and tailor movies to a specific territory, or handful of territories. "Panda" will ultimately play everywhere, but the strength of its engagements in Korea and China is noteworthy.
"Panda," ... took in $3.76 million from 582 screens over the June 20-22 frame for a cume of $20.7 million in its third sesh.
What delights my soul is that the big, American-produced animated features continue to do exceedingly well in international markets, which bodes well for more American-produced animated features to be made.
The toon came in No. 4 overall for the frame, even though it has yet to roll out in much of Europe. "Panda" grossed $20.5 million for the weekend from 2,857 playdates for a foreign cume of $68 million. It launched with $4 million in China and $5.9 million in Mexico.
Par and DreamWorks Animation are taking a gradual approach in releasing the toon, mainly because of the ongoing Euro Cup soccer tournament.
Disney will likewise be careful with the rollout of Pixar toon "Wall-E," which opens on June 27. The gradual rollout of both "Panda" and "Wall-E" mean that the international box office could be strong for weeks.
I don't doubt for a millisecond that both of these features will make heavy coin worldwide, and that the Hollywood congloms will take note.