With the Summer box-office over, the bodies left in its wake are now being assessed and not unsurprisingly it is Timur Bekmambetov’s “Ben-Hur” remake which is seen as the biggest dud according to THR.
Consulting multiple box-office analysts, the trade says “Ben-Hur” is looking to make $70-75 million globally. That’s far less than the film’s estimated budget of nearly $100 million and that’s before marketing. MGM will take the brunt of the damage as it put up more than 80% of the budget and much of the marketing, the damage expected to be a projected loss of over $120 million.
While Disney was the undoubted king of the Summer with the success of “Finding Dory” and “Captain America: Civil War,” it also had three of the biggest fizzers with the most painful being Steven Spielberg’s “The BFG”. That film grossed $160.8 million globally on a $140 million film budget and is expected to lose $90 million-$100 million.
Also not faring well was “Alice Through the Looking Glass” which grossed $295.4 million worldwide on an estimated $170 million budget and will be at least a $65 million loss for Disney. Its “Pete’s Dragon” remake has earned only $78.3 million thus far from a projected budget of $65 million.
Outside Disney there’s Sony “Ghostbusters” which, with its $225 million global haul from an estimated $144 million production budget, is headed for a projected loss of $70 million.
Some films though have been saved by international with both “Star Trek Beyond” and “Independence Day: Resurgence” overcoming soft domestic hauls with large grosses overseas. Global totals right now are $294 million for ‘Trek’ and $383 million for ‘Resurgence’ with the former still going strong.