Well, it is too early to tell for sure about this one, but Disney has had a great history of successful remakes of animated movies. Lately, they have been breaking from that history. Their total budgets were $2.343 with total box offices of $9.62 billion. There is additional revenue beyond box office, and the budget of The Little Mermaid is included but the box office is not known yet. Anyway you slice it, they have been a very good success.
https://en.wikipedia.org/wiki/List_...ptations_and_remakes_of_Disney_animated_films
In one week, The Little Mermaid is halfway to profitable. It will almost certainly be profitable.
https://movieweb.com/the-little-mermaid-box-office-success/