As Alita: Battle Angel moves from its Valentine's Day opening into the Presidents Day holiday weekend, the manga adaptation is projected to easily top the domestic box office but is still a long ways off from recouping its production budget.
The film is on pace to earn $24.4 million domestically by the end of the weekend and $37.5 million by the end of Monday's holiday, right on track with previous estimates by industry analysts before the film's opening.
With a reported production budget exceeding $170 million, not counting distribution or marketing costs, the movie will have to earn at least $500 million to recoup its total expenses, especially as foreign distributors, including China, retain a higher percentage of box office sales rather than allowing more revenue to go back to the studio.
Having said that, Alita is performing well overseas so far and opens in China and Japan on February 22 where Fox is hoping the adaptation of Yukito Kishiro's manga will do big business.
Directed by Robert Rodriguez, Alita: Battle Angel stars Rosa Salazar, Christoph Waltz, Jennifer Connelly, Mahershala Ali, Ed Skrein, Jackie Earle Haley, Keean Johnson, Michelle Rodriguez, Lana Condor and Eiza González. The film opens on February 15.