The majority of the Netflix projects look expensive, with “Slumberland” costing around $90 million. Contrast that with the budget in the $50 million range for “Lyle, Lyle, Crocodile,” which is based on a children’s book and stars Javier Bardem, Constance Wu and Shawn Mendes (as the voice of Lyle).
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The filmmakers behind “Lyle” are bullish on its prospects. “The combination of a live-action CGI crocodile, the fact that it’s also musical and a family film, I think give it multiple points of attraction that will hopefully lure audiences off their couches,” said one its producers, Hutch Parker, a former president of production at 20th Century Fox.
Also helping the film’s fate is the very thing that has theater owners more broadly concerned: a lack of product in the marketplace.
“Every movie I’ve made for the last 30 years had four or five other movies coming out on the same weekend, with four to five movies that had come out the previous weekend that were still out,” Mr. Parker said. “And this is unique in that you’re coming into a market that on the one hand is less vibrant. On the other hand, the opportunity in an open marketplace is unique.”
Josh Greenstein, Sony’s president of the motion picture group, added: “If we can open in the low- to midteens we can play and play. The lack of competition will be very good for the movie.”
Indeed, the lack of product this year has kept films in theaters longer, generating more ticket sales along the way. Sony’s “Where the Crawdads Sing,” for instance, earned close to $90 million domestically, and “Elvis,” from Warner Bros., had $150 million in box office revenue.
The “Lyle” directors Will Speck and Josh Gordon, who turned to family fare after a career making broad-based comedies like “Blades of Glory,” hope that their crocodile will encourage family audiences to change their moviegoing tendencies.
