Close

Wonderwall

'Jack the Giant Slayer' Could Lose up to $140 Million for Warner Bros., Legendary

The Associated Press, Wednesday, April 3, 2013, 8:05am (PDT)

The Hollywood Reporter -- This story first appeared in the April 12 issue of The Hollywood Reporter magazine.

Warner Bros. is facing a substantial financial hit on Bryan Singer's Jack the Giant Slayer. Now four weeks into its run, the fractured fairy tale starring Nicholas Hoult and Ewan McGregor is on track to lose $125 million to $140 million for the studio and financial partner Legendary Pictures, insiders tell THR. That would put the film midway between Universal's 2012 flop Battleship and Disney's John Carter in terms of financial damage.

PHOTOS: Holiday Stuffing: Why Long Movies Hit the Box Office This Season

Jack likely will top out at $65 million domestically and about $140 million internationally, resulting in a global total of not much more than $200 million. That's not enough to cover the film's price tag, which includes a production budget near $200 million and a worldwide marketing spend north of $100 million.

New Line, a division of Warner Bros., was counting on a strong foreign performance similar to Warners' Clash of the Titans films, but with tough competition from Disney's Oz the Great and Powerful and Paramount's G.I. Joe: Retaliation, Jack is slow overseas. New Line can take to heart that The Hobbit: An Unexpected Journey hit $1 billion in global receipts in the first quarter, while Warners has a strong 2013 summer slate anchored by Man of Steel in the wings.

Related article on THR.com:

Analyst Downgrades Theater Chains After 'Disastrous' 'Jack the Giant Slayer' Opening

_ _ _ _

Find more online: THR.com

Show Comments
When using Facebook Connect your image and name may display on Wonderwall. All Privacy Settings are controlled by Facebook
Like us on Facebook?
UP NEXT
Joe and Sofia
aa
Thanks for subscribing!