With Skydance having now taken over at Warner Bros. Discovery, they’re opening up the books and seemingly not liking what they find.
The Wrap reports that the Tom Cruise-led “Digger” is set to lose the studio more money than previously indicated – potentially a massive $250 million.
That number isn’t just the biggest loss for the year or Cruise, it’s one of the largest losses for a film in years, if not ever – up in the kind of loss of “The Marvels,” “John Carter,” “Strange World,” “The Lone Ranger” and “Mortal Engines”.
It’s almost double previous reports, which had the losses at around $125-150 million, and is still factoring in post-theatrical revenue streams.
The film debuted to just $21 million worldwide last weekend and insiders at Skydance are now estimating the film won’t clear the $40 million mark worldwide.
Insiders for the film claim the budget of the movie was $163-173 million, though an unexpected insurance settlement played a part in that, with about $100 million spent on marketing.
Warner Bros. Pictures also fully financed the film, unlike other projects that often have financial partners.
