10 Box Office Bombs That Nearly Sank Their Studios
Welcome back to the broadcast, tape-heads, where we tune in to ten times Hollywood spent a fortune and lost their shirts!
Welcome back to the broadcast, tape-heads, where we tune in to ten times Hollywood spent a fortune and lost their shirts!
Making movies is a high-stakes gamble, and every so often a studio bets the entire ranch on a total dud. Grab your popcorn as we count down ten infamous cinematic disasters that brought their backers to the brink of financial ruin!
In 1963, 20th Century Fox spent an unprecedented 44 million dollars on this historical epic, which nearly bankrupted the studio. Production delays and runaway costs forced Fox to sell off real estate assets just to stay afloat. Although it was the highest grossing film of that year, the staggering budget meant it took years to turn a profit.
Sources: Wikipedia · Photo: Studio publicity still / Public domain, via Wikimedia Commons
Released in 1980 by United Artists, director Michael Cimino let production costs spiral to 44 million dollars. The Western earned a disastrous 3.5 million dollars at the box office. This devastating blow crippled United Artists and directly triggered its sale to MGM, ending its reign as an independent studio.
Sources: Wikipedia · Photo: Agency: Magna Artists / Public domain, via Wikimedia Commons
Carolco Pictures bet the high seas farm in 1995 on this swashbuckling adventure starring Geena Davis. The movie cost roughly 98 million dollars to make but recouped barely 10 million dollars globally. The staggering 147 million dollar loss sank Carolco Pictures straight into Chapter 11 bankruptcy later that year.
Sources: Wikipedia · Photo: Kevin Paul / CC BY 4.0, via Wikimedia Commons
Universal Pictures watched its budget drown in 1995 when aquatic filming issues pushed production costs to a record breaking 175 million dollars. Early theatrical returns couldn't cover the massive overhead, creating short term financial panic for the studio. The film did eventually recoup its costs through international markets and home video, but the initial shock wave rocked Universal to its core.
Sources: Wikipedia · Photo: Ariela Ortiz-Barrantes / CC BY-SA 4.0, via Wikimedia Commons
Touchstone Pictures backed this 1999 Viking action epic, which saw its budget inflate to 160 million dollars after extensive re-shoots. Worldwide theatrical returns sputtered out at just 61.7 million dollars. The resulting net loss of up to 129 million dollars made it one of the costliest cinema misfires of its era.
Sources: Wikipedia · Photo: Pedro J Pacheco / CC BY-SA 4.0, via Wikimedia Commons
Square Pictures poured 137 million dollars into this pioneering 2001 photorealistic computer animated movie. Audiences stayed away, leaving global box office receipts at a modest 85 million dollars. The resulting loss of over 94 million dollars crushed Square's movie division and forced the permanent shutdown of Square Pictures.
Sources: Wikipedia · Photo: Official GDC / CC BY 2.0, via Wikimedia Commons
New Line Cinema endured a three year production nightmare that ballooned the budget of this 2001 romantic comedy to 90 million dollars. The film pulled in less than 10 million dollars at the box office worldwide. Losing over 85 million dollars on a non action comedy delivered a bruising financial hit to New Line.
Sources: Wikipedia · Photo: Kingkongphoto & www.celebrity-photos.com from Laurel Maryland, USA / CC BY-SA 2.0, via Wikimedia Commons
Castle Rock Entertainment spent 100 million dollars launching Eddie Murphy into lunar comedy territory in 2002. The film brought back a minuscule 7.1 million dollars globally. That created a catastrophic loss of roughly 96 million dollars, wiping out studio balance sheets across the board.
Sources: Wikipedia · Photo: David Shankbone / Public domain, via Wikimedia Commons
Walt Disney Pictures poured 150 million dollars into performance capture animation for this 2011 sci-fi family flick. The movie scraped together only 39 million dollars at the global box office. Facing an estimated loss between 100 and 140 million dollars, Disney swiftly shut down production partner ImageMovers Digital.
Sources: Wikipedia · Photo: Kevin Paul / CC BY 4.0, via Wikimedia Commons
Walt Disney Pictures bet big on Martian pulp sci-fi in 2012, spending 250 million dollars on production alongside a massive global marketing push. Global theatrical earnings of 284 million dollars fell far short of breaking even. Disney absorbed a legendary 200 million dollar write-down, which prompted executive shakeups at the studio leadership level.
Sources: Wikipedia · Photo: Moody College of Communication from Austin, USA / CC BY-SA 2.0, via Wikimedia Commons
That wraps up our airtime for this edition of box office blunders! Keep your dial tuned right here for more high-risk history from the vault of cinema past.
The Common Clickbait crew who watch too much so you don't have to. Fueled by nostalgia, cheap snacks, and an unhealthy need to be right about the ending.
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