<Tr> <Th> Budget </Th> <Td> $8 million </Td> </Tr> <Tr> <Th> Box office </Th> <Td> $90.8 million </Td> </Tr> <P> The Karate Kid is a 1984 American martial arts drama film produced by Jerry Weintraub, directed by John G. Avildsen, written by Robert Mark Kamen, and stars Ralph Macchio, Pat Morita and Elisabeth Shue . It is an underdog story in the mold of a previous success with Rocky (1976), which Avildsen also directed . The film features the Gōjū - ryū, Gōjū Kai style of karate . The Karate Kid was a commercial success upon release and garnered critical acclaim, earning Morita a nomination for the Academy Award for Best Supporting Actor . </P> <P> Daniel LaRusso and his mother move from Newark, New Jersey to Reseda, Los Angeles, California . The maintenance man in their new apartment complex is an eccentric, gruff, but ultimately kind and generous Okinawan immigrant named Mr. Miyagi . </P>

When did the first karate kid come out