Production Budget Analysis

What was the production budget for Pegasus 2?

Directed by Han Han, with Teng Shen, Adam Fan, Yin Zheng leading the cast, Pegasus 2 was produced by Shanghai PMF Media with a confirmed budget of $60,000,000, placing it in the mid-budget category for drama films as part of the Pegasus Collection.

With a $60,000,000 budget, Pegasus 2 sits in the mid-range of studio releases. Marketing costs for a wide release at this level typically add $30–60 million, putting the break-even point near $150,000,000.

Budget Comparison — Similar Productions

• 15 Minutes (2001): Budget $60,000,000 | Gross $56,359,980 → ROI: -6% • Almost Famous (2000): Budget $60,000,000 | Gross $47,386,287 → ROI: -21% • Analyze That (2002): Budget $60,000,000 | Gross $55,003,135 → ROI: -8% • Antz (1998): Budget $60,000,000 | Gross $171,757,863 → ROI: 186% • Cats & Dogs (2001): Budget $60,000,000 | Gross $200,687,492 → ROI: 234%

Key Budget Allocation Categories

▸ Above-the-Line Talent Drama films live or die on the strength of their performances. Securing award-caliber actors and experienced directors represents the single largest budget line item, often consuming 30–40% of the total production budget.

▸ Location Filming & Period Production Design Authentic locations — whether contemporary or historical — require scouting, permits, travel, lodging, and often significant dressing to match the story's time period. Period dramas add the cost of era-accurate props, vehicles, and set decoration.

▸ Post-Production, Color Grading & Score The editorial process for dramas is typically longer than genre films, with careful attention to pacing and tone. Color grading, a nuanced musical score, and detailed sound mixing are critical to achieving the emotional resonance that defines the genre.

Key Production Personnel

CAST: Teng Shen, Adam Fan, Yin Zheng, Zhang Benyu, Sun Yizhou Key roles: Teng Shen as 张驰; Adam Fan as 厉小海; Yin Zheng as 孙宇强; Zhang Benyu as 记星

DIRECTOR: Han Han CINEMATOGRAPHY: Bai Yuxia MUSIC: Roc Chen PRODUCTION: Shanghai PMF Media, Tao Piao Piao 淘票票, Maoyan Entertainment, Bona Film Group, Fun Age Pictures, Zhejiang Hengdian Film Production, Shanghai Ruyi Film & TV Production 上海儒意影视制作, Shanghai Film Group 上海电影（集团）(SFG), Weibo Corporation, China Film Group Corporation FILMED IN: China

Box Office Performance

Pegasus 2 earned $466,862,668 in worldwide box office revenue.

Break-Even Analysis

Using the industry-standard 2.5x multiplier (P&A + exhibitor shares of 40–50% + distribution fees), Pegasus 2 needed approximately $150,000,000 to break even. The film surpassed this threshold by $316,862,668.

Return on Investment (ROI)

Revenue: $466,862,668 Budget: $60,000,000 Net: $406,862,668 ROI: 678.1%

Profitability Assessment

VERDICT: Highly Profitable

Pegasus 2 was a clear financial success, generating $466,862,668 worldwide against a $60,000,000 production budget — a 678% ROI. After estimated marketing costs, the film still delivered substantial profit to Shanghai PMF Media.