Click to Skip Ad
Closing in...
How Quentin Tarantino & Robert Rodriguez Made Josh Brolin's 'No Country For Old Men' Audition Tape How Quentin Tarantino & Robert Rodriguez Made Josh Brolin's 'No Country For Old Men' Audition Tape 'MacGyver' Movie Reboot And New TV Series Pilot On The Way 'MacGyver' Movie Reboot And New TV Series Pilot On The Way Josh Brolin Says He's Starring With Jessica Chastain In A Movie About George Jones & Tammy Wynette Josh Brolin Says He's Starring With Jessica Chastain In A Movie About George Jones & Tammy Wynette Watch: Robert Richardson Explains Why He Took His Name Off 'World War Z' And More In 58-Minute Cinematographer Talk Watch: Robert Richardson Explains Why He Took His Name Off 'World War Z' And More In 58-Minute Cinematographer Talk George Miller Says He Originally Wanted The Music In 'Mad Max: Fury Road' To Only Come From The Doof Warrior George Miller Says He Originally Wanted The Music In 'Mad Max: Fury Road' To Only Come From The Doof Warrior Review: Coen Brothers' 'Hail, Caesar!' Starring Josh Brolin, George Clooney, Scarlett Johansson, Tilda Swinton, And More Review: Coen Brothers' 'Hail, Caesar!' Starring Josh Brolin, George Clooney, Scarlett Johansson, Tilda Swinton, And More Naomi Watts Confirmed For David Lynch’s ‘Twin Peaks’ Revival; Tom Sizemore Joins Cast Naomi Watts Confirmed For David Lynch’s ‘Twin Peaks’ Revival; Tom Sizemore Joins Cast Watch: Quentin Tarantino Talks 5 Movies To Watch Before 'The Hateful Eight' In 7-Minute Video Watch: Quentin Tarantino Talks 5 Movies To Watch Before 'The Hateful Eight' In 7-Minute Video SAG Award Winners: ‘Spotlight’ Wins Best Ensemble, Leonardo DiCaprio, Idris Elba & Brie Larson Also Score Big SAG Award Winners: ‘Spotlight’ Wins Best Ensemble, Leonardo DiCaprio, Idris Elba & Brie Larson Also Score Big Review: ‘Jane Got A Gun’ Starring Natalie Portman, Joel Edgerton & Ewan McGregor Review: ‘Jane Got A Gun’ Starring Natalie Portman, Joel Edgerton & Ewan McGregor Mel Gibson Gave Nate Parker Advice On Making 'The Birth Of A Nation' Mel Gibson Gave Nate Parker Advice On Making 'The Birth Of A Nation' The 25 Most Anticipated New TV Shows Of 2016 The 25 Most Anticipated New TV Shows Of 2016 The 20 Best Documentaries Of 2015 The 20 Best Documentaries Of 2015 The 20 Best Films Of 2015 The 20 Best Films Of 2015 The 25 Best Action Movies Of The 21st Century So Far The 25 Best Action Movies Of The 21st Century So Far The 25 Best Sci-Fi Films Of The 21st Century So Far The 25 Best Sci-Fi Films Of The 21st Century So Far The 25 Best Animated Films Of The 21st Century So Far The 25 Best Animated Films Of The 21st Century So Far The 50 Best Films Of The Decade So Far The 50 Best Films Of The Decade So Far The 25 Best Horror Films Of The 21st Century So Far The 25 Best Horror Films Of The 21st Century So Far Terry Gilliam Talks The "Simplistic" Films Of Steven Spielberg, Dumbing Down Of Audiences, 'Don Quixote' Start Date & More Terry Gilliam Talks The "Simplistic" Films Of Steven Spielberg, Dumbing Down Of Audiences, 'Don Quixote' Start Date & More

'Battleship' Sinks Universal Profits By Over $80 Million

Photo of Kevin Jagernauth By Kevin Jagernauth | The Playlist August 1, 2012 at 1:37PM

While studios have been moving toward a model where instead of investing a handful of different movies and a variety of budgets and expectations, they put all their money into a few make-or-break movies per year, the risk of that approach is beginning to be more than apparent. Disney is still wiping the egg off their face from "John Carter," the debacle of a film that they've gone on record as saying lost them $200 million bucks. Oops. And now over an expensive folly over at Universal has also affected the balance sheet.
2
Battleship Alexander Skarsgard

While studios have been moving toward a model where instead of investing a handful of different movies and a variety of budgets and expectations, they put all their money into a few make-or-break movies per year, the risk of that approach is beginning to be more than apparent. Disney is still wiping the egg off their face from "John Carter," the debacle of a film that they've gone on record as saying lost them $200 million bucks. Oops. And now over an expensive folly over at Universal has also affected the balance sheet.

Their parent company Comcast released results of the last quarter, and while their earnings went up 30%, at Universal Pictures the failure of "Battleship" caused an $83 million loss of cash flow (versus a $27 million profit last year). So yes, a film that earned $302 million worldwide lost the company money -- but that will happen when you spend over $200 million to produce a movie based on a board game starring Rihanna, a swimsuit model and that guy from "Friday Night Lights." But at least this mistake won't happen twice, at least not with movies based on Hasbro properties, as the studio paid the gamemaker a hefty multi-million dollar sum to get out of their development deal. So everything is rosy then, right?

Not really. We'd like to think suits will learn their lesson from this, but the blockbuster culture with sequels, movies based on toys, video games, kids books and reimaginings/reboots is only going to grow and continue. Why? Because with movies like "The Avengers" making $1 billion at the box office alone, and lord knows how much in merchandising and more, that roll of the dice is always going to be a gamble studios are willing to make. And in the eyes of Comcast, what's $80 million when they've raked in $1.3 billion in the last quarter alone? Just a drop in the bucket. So yeah, "Battleship" still sucks, but it doesn't mean more ill conceived blockbusters will stop here. [Variety]

This article is related to: Battleship, Universal


The Playlist

The obsessives' guide to contemporary cinema via film discussion, news, reviews, features, nostalgia, movie music, soundtracks, DVDs and more.


E-Mail Updates