The new Gerard Butler disaster movie Geostorm is expected to lose Warner Bros over $100 million (Rs 650 crore), a new report says.
According to the Wrap, the film, which was produced on a $120 million budget has so far collected $66 million worldwide. Box office analysts told the Wrap that the break even point for the film is between $300 and $350 million. Warner also cut down on the film’s marketing budget after it was delayed by almost 20 months due to expensive reshoots. The final film attracted toxic reviews, sitting at 13% on the review aggregator website Rotten Tomatoes.
“There really wasn’t a lot of advertising for this movie, and that’s a sign that WB was willing to cut their losses,” said Exhibitor Relations analyst Jeff Bock.
“By the end of its run,” the report says “analysts expect that the film will be lucky to make $200 million.”
This is Warner Bros’ second major flop of the year, after Guy Ritchie’s King Arthur: Legend of the Sword lost over $100 million. But the studio’s last four releases - Wonder Woman, Dunkirk, Annabelle: Creation and It, have grossed a combined $2.3 billion worldwide.
{{/usCountry}}This is Warner Bros’ second major flop of the year, after Guy Ritchie’s King Arthur: Legend of the Sword lost over $100 million. But the studio’s last four releases - Wonder Woman, Dunkirk, Annabelle: Creation and It, have grossed a combined $2.3 billion worldwide.
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