Quote from: Protozoid on Jun 12, 2017, 10:09:23 PM
Quote from: Ingwar on Jun 12, 2017, 09:48:43 PM
Quote from: Protozoid on Jun 12, 2017, 09:42:40 PM
It's definitely getting somewhere.
It will stop here. Nothing will change till Chinese and Japanese releases. China is an enigma. It might be between 20 to 50 millions or maybe even more. Hard to say. Japan probably 15-20. Covenant will reach 220+.
One publication sad the Covenant needs up to $450m to break even. I wonder what the minimum it needs is.
Elijah; it's hard for me to believe that a movie has to make 4.5 times its production budget to break even.
If this was true, then most big budget Hollywood films should be money losers where some might earn a little profit years later after video/streaming.
- Using the 4.5 times its production budget formula just to break even, the first two new Star Trek movies were flops. Why would Paramount make a sequel to "Star Trek" (2009) if it lost hundreds of millions of dollars?
- Same with "Prometheus". Why would Fox do a sequel if that was a money loser?
- Look at Disney / Marvel. Using this 4.5 production budget formula; the first two Iron Man movies were flops.
** Yet the studios keep making sequels to movies which have box office about 3 times the production budget.
- What is going on with these 4.5 times production budget estimates?
Imo one thing has to do with notorious
Hollywood accounting.
- Basically the studios set up shell companies to produce a movie and this company takes a loss while the studio gets the money.
Then the studio company can claim a loss to pay lower fees, But in reality the studio is making money.
- From Wikipedia about Hollywood accounting;
QuoteExpenditures can be inflated to reduce or eliminate the reported profit of the project, thereby reducing the amount which the corporation must pay in royalties or other profit-sharing agreements, as these are based on the net profit...
A WB receipt was leaked online, showing that the hugely successful movie Harry Potter and the Order of the Phoenix ended up with a $167 million loss on paper.[22] This is especially unusual, given that, without inflation adjustment, the Harry Potter film series is the second highest-grossing film series of all time...
https://en.m.wikipedia.org/wiki/Hollywood_accounting* Imo one measure of box office success of a movie is whether the studio makes an immediate sequel.
"Star Trek" (2009) was a hit which led to "Star Trek Into Darkness". That was a hit which led to "Star Trek Beyond".
But "Star Trek Beyond" was clearly a flop because it did not make 2 x its production budget in theaters.
- Same with "Iron Man". It was a hit which led to "Iron Man 2" which also was a hit.
* Successful films in theaters (which get sequels) keep coming back to movies which have box office about 3+ times the production budget.
- This is the problem with "Covenant". It will probably crawl above 2x its production budget but it needed to be over $300 million to be a clear box office winner.