The film grossed almost $23 million at the American box office, making it the most successful animated production outside the Disney market at the time of its release, and Nelvana's highest-grossing film for another eight years.
Debut of Cree Summer's voice that she became famous in many animated and cartoons.
While many of the spells that Nicholas uses are made up words, one word he does use when casting a spell on his mentor to put him to sleep is "ishkabibble". This was actually a very popular American slang term for about 20 years or so starting around 1913 and means, appropriately enough, "Who cares".
One of the first films to be based directly on a toy line.
Four months after the film's release, Disney released The Black Cauldron (1985) which was their 25th animated film and the most expensive at the time, costing $44 million. By contrast, Care Bears cost $2 million but made $23 million at the box office while The Black Cauldron only made $21.3 million. This alarmed many Disney animators and raised questions about the future of the department. Months afterwards, a reissue of One Hundred and One Dalmatians (1961) would out gross both films, making $30 million.