“King Arthur” Expected To Lose $150M

The final opening weekend numbers are in for Guy Ritchie’s “King Arthur: Legend of the Sword” with the film pulling in just $15.4 million domestically – one of the lowest domestic openings of all time for a big-budget major studio title.

Overseas, where historical action epics often fare better, the forecast wasn’t much better with a dismal $29.1 million haul from 51 markets – including just $5 million in China.

The combination of medieval fantasy with dudebro gangster stylings appealed to no-one essentially, and at a production budget cost of $175 million to Warners, Village Roadshow and RatPac-Dune Entertainment – the damage is going to be bad.

Heat Vision reports that according to box-office experts, the film isn’t likely to earn more than $145 million globally, much of that from overseas where the studio cut of the take is less.

As a result, the loss is estimated to climb to as much as $150 million for the various partners. That would make it the biggest bomb of the year to date, beating family-friendly “Monster Trucks” in January which saw Paramount take a $125 million write-down.

Due to regime changes, multiple behind-the-scenes comings and goings, and multiple delays, the performance of “King Arthur” wasn’t expected to be great considering the failure of the likes of “The Huntsman: Winter’s War” last year and Warners struggling with fantasy IP after both “Pan” and “Jack the Giant Slayer” bombed big time.

Warners has a rosier outlook ahead for the rest of the Summer though with both “Wonder Woman” and Chris Nolan’s “Dunkirk” on the way.