"The Blue Lagoon" was theatrically released on June 20, 1980 by Columbia Pictures. The film was panned by the critics, who disparaged its screenplay, execution, and Shields' performance; however, Almendros' cinematography received praise. In spite of the criticism, the film was a commercial success, grossing over $58 million on a $4.5 million budget and becoming the ninth-highest-grossing film of 1980 in North America. The film was nominated for the Saturn Award for Best Fantasy Film, Almendros received a nomination for the Academy Award for Best Cinematography, and Atkins was nominated for the Golden Globe Award for New Star of the Year – Actor. Shields won the inaugural Golden Raspberry Award for Worst Actress for her work in the film.