RISE OF THE GUARDIANS MAY LOSE NEARLY $100 MILLION
January 3, 2013 by admin · Leave a Comment
DreamWorks Animation will suffer a loss of $96 million on Rise of the Guardians, Lazard Capital Markets analyst Barton Crockett predicted in a note to clients on Wednesday. The film, which cost about $145 million to make, has so far earned just $261 million worldwide, half of which goes to theaters and another sizable chunk […]
FOR LIONSGATE, A LOSS NOW, PROFITS LATER
May 31, 2012 by admin · Leave a Comment
In Hollywood’s latest variant of “it takes money to make money,” Lionsgate, which produced The Hunger Games, one of the biggest hits of the year, reported a loss of $22.7 million in its fourth quarter ended March 31, due in large part to the costs involved in promoting and marketing the film. It also cited […]
SO, HOW MUCH DID JOHN CARTER ACTUALLY COST?
March 21, 2012 by admin · 5 Comments
Disney’s announcement on Tuesday that it expects John Carter to lose $200 million will likely place it at the undesired top of the list of biggest Hollywood losers, Reuters observed today (Wednesday). That list is currently headed by the 1995 Geena Davis-Matthew Modine pirate flick Cutthroat Island, which, according to the Guinness Book of World […]
ANOTHER JUMP IN BOX-OFFICE BUCKS FOR JUMP STREET
March 20, 2012 by admin · Leave a Comment
The debut of Sony’s R-rated 21 Jump Street actually performed better than the studio’s already outstanding estimates had indicated on Sunday. Final figures released on Monday disclosed that the movie starring Jonah Hill and Channing Tatum brought in $36.30 million over the weekend — $1.3 million more than the studio’s estimate. Veteran box office analyst […]
WITH ABDUCTION TANKING, LIONSGATE WARNS OF BIG LOSSES
This weekend’s failure of Abduction made it three money losers in a row for Lionsgate, and the mini-studio wasted no time in filing a report with the Securities and Exchange Commission saying that, as a result, it now expects to lose $40-50 million in the current quarter. The filing is required by the SEC in […]
BLOCKBUSTER REPORTS ON HIGH COST OF BANKRUPTCY
December 29, 2010 by admin · Leave a Comment
Business does not appear to be improving for struggling Blockbuster. In the past, it was weighted down with back-breaking debt; now, it is shouldering the high costs of bankruptcy reorganization. In a bankruptcy court filing reported today (Wednesday) by Home Media magazine, the movie “rentailer” declared a net loss of $42.1 million on $142.6 million […]
