It is hard to believe that we are still getting financial information for The Rise of Palpatine Skywalker. From Marvin Montanaro at Geeks and Gamers That Park Place we get the following. Disney’s Star Wars: The Rise of Skywalker Cost Nearly $600 Million, Making It One of the Most Expensive Movies Ever
Disney filed some additional tax documents, which is the way we find out about these costs. Disney usually go to great lengths to keep the information on individual movies under wraps. Caroline Reid at Forbes does a great job of tracking this info down.
In a staggering new report from Forbes journalist Caroline Reid, Disney has officially revealed that Star Wars: The Rise of Skywalker cost $593.7 million to produce—making it the third most expensive movie ever made. That number places it behind only The Force Awakens and Jurassic World: Dominion in the all-time rankings of cinematic spending.
Even more remarkable? Despite nearly reaching the $600 million mark, the movie actually came in under budget.
This means that given the $1.07 billion dollar worldwide box office, this movie was a flop. How can a movie make over a billion dollars at the box office and still lose money? Disney has the worst management in the history of the movie business, that is the only explanation.
And who knows how much they spent on marketing. $200 million? More?
To remind you of how universally this was hated, I give you the in-theater reaction to the end of this movie. Star Wars: Rise of Skywalker CRAZY Theater Reaction. The video is 90 seconds or so.
The only question after all of this, is, "How does Kathleen Kennedy, the head of Lucasfilm, still have a job?" Most people have settled on a guess that she has some dirt on people at Disney. I think it is just that she's connected to "the right people," in a city/industry where that matters, or it used to matter. (Hat tip to Culture Casio.)
This was a topic on Friday Night Tights. The video is set to launch at appropriate time. It is a 20 minute segment of the discussion. The entire episode of FNT is 3 and a half hours. Friday Night Tights is NOT safe for work.
You are confusing normal profit/loss accounting with Hollywood accounting, where no project is EVER allowed to make a net profit, they aways run a loss so there are no income taxes to pay.
ReplyDeleteThe studio's profit was baked into the cost of the picture, and only the greenest of rubes gets stuck with net percentage participation, all the participants with competent agents get percentages of the gross (which makes it that much less likely the picture will be 'profitable').
$500 million.
ReplyDeleteI have no idea what they could spend that much money on.
Make better movies people.............