My inner nerd is thrilled at the prospect of Pixar’s upcoming movie “Wall-E.” Rich Greenfield, an analyst with Pali Capital who is typically very stingy with praise is waxing eloquent about the movie after watching the preview. In a note to his clients this morning, he writes:
….Investors have been wary of Wall-E’s box office potential given Pixar’s risky bet on an offbeat main character, who rarely speaks during the film. Nonetheless, the film substantially exceeded our expectations and was well-received by the audience.
We believe Pixar hit the mark, delivering a very rich story in Wall-E.: We see the film appealing to younger children who will be drawn to the quirky but extremely lovable characters (especially Wall-E).
The love story between the two main characters and the presence of a solid female character (Wall-E’s love interest, Eve) should also appeal to girls of all ages. Finally, we believe the film will resonate well with older audiences who will find much to like in Wall-E’s character and antics, the love story and the film’s other messages (e.g. the environment).
Our only concern: There is somewhat less action and the pacing is somewhat more measured.
Looks like this could be Steve Jobs’ other big summer blockbuster hit. Sure he doesn’t run Pixar anymore, but he owns a big portion of Disney. Greenfield expects the movie to make $550 million to $600 million (or more) at the box office worldwide, and says it “should be a solid contributor to Disney’s DVD sales in FY Q1 2009.”