“Cats” Headed For A $100 Million Loss

Cats Headed For 100 Million Loss

Universal’s Andrew Lloyd Weber musical adaptation “Cats” is reportedly on track for a disastrous $100 million in theatrical losses according to rival studio executives.

Tom Hooper’s big-screen adaptation has managed just $38 million globally after two weeks in cinemas. In the U.S. the film failed to pick up any more audience, slipping to ninth place and garnering just $8.7 million over the five-day holiday frame.

Officially “Cats” cost $90 million to produce and along with additional $115 million for global marketing and distribution fees. Adding to damages, Universal issued new prints of the movie to exhibitors with improved visuals during opening weekend.

It’s expected the film will close out with just $30 million in the United States.

Source: Variety