Piglet, Eeyore, Winnie-the-Pooh, Tigger and the rest of the gang from the Hundred Acre Wood go to the movies today in Disney’s Piglet’s Big Movie. Based on A.A. Milne’s classic children’s stories, the film features seven new songs by Grammy Award-winner Carly Simon, five of which she composed herself.
When Piglet is told he’s too small to help his pals in a honey harvest, the little pink guy sets off on an adventure that will prove to all that heroes sometimes come in small packages.
The film opens as an on-going court battle heats up over royalties from the Winnie-the-Pooh franchise, Disney’s biggest moneymaker. The controversy is unlikely to affect the film’s box office performance, however, given the property’s mass appeal and solid branding. If the favorable reviews and the success of predecessor The Tigger Movie are any indication, Piglet should bring home the bacon, especially with a budget rumored to be around $15 million.
Following the failure of the very expensive Treasure Planet, Disney may be onto a formula for success with smaller budget films. The Jungle Book 2 cost only $20 million to make and has grossed nearly $45 million domestically. The modestly priced Peter Pan sequel Return to Never Land also proved profitable. The studio will take another stab at launching a blockbuster with this summer’s release of the Pixar co-production, Finding Nemo.