Post by jdv on Jun 19, 2023 14:03:40 GMT -5
Hollywood - still in the midst of a writers strike and potential actors strike - has to be in full blown panic mode right now as the latest 3 movies to premiere all bombed badly over Father's Day weekend.
Looks like people weren't as forgiving as I was about DC keeping Ezra Miller in THE FLASH, as it grossed $55 domestic, and only $75 mil for all other territories. Which means that it has essentially no chance to make back the some $300 million spent on the production & ads. At best FLASH will break even, but more than like it will lose something like $100 mil.
It's bad enough that the entire DC franchise outside of Todd Phillip's JOKER is now firmly in danger considering that SHAZAM 2 also flopped lower than whale shit a month ago.
ELEMENTALS did even worse with the same budget, grossing only $29.5 million domestic, and a meager $15 mil overseas, meaning it's one of the biggest bombs in Hollywood history. As in a potential loss of $250,000,000.00.
The movie proudly proclaimed to have Pixar's first non-binary character in a move so wildly tone-deaf with what parents want to expose their children to that it boggles the imagination. At this point it is literally malfeasance to shareholders of Disney stock, as leadership continues to set piles of cash on fire in a way that would make even the Joker shake his head.
Lastly, in what might be the most overtly racist Hollywood produced movie since THE BIRTH OF A NATION, THE BLACKENING took in a mere $6 million, meaning it likely did not even cover it's advertising costs. With a reported cost of $5 mil, it needs to make $10 mil (plus double whatever they did spend on ads) to break even. All of which means it'll lose money, but not the piles of cash that Disney seems content to burn. By way of comparison, SCARY MOVIE made $277 million while even the lowest grossing movie in the franchise, SCARY MOVIE 5, earned $79 mil.
With the tag line, "We can't all die first," the movie wasn't just racist, it apparently is also one of the most boring & unfunny movies of all the times - meaning it's not going to have a second life on VOD or DVD sales.
Yet somehow NPR and the Washington Post both massively praised the film. Gee, I wonder why....
Seeing as we're now 2 weeks away from Disney losing at least another $100 million in the form of INDIANA JONES & THE TOILET OF DESTINY (and maybe more), with an even bigger loss sure to come this fall when THE MARVELS also bombs, and it's looking grim for an industry that has now proven to be utterly out of touch with what the public wants.
Can every studio go bankrupt at the same time? They're certainly on track to do so.
Maybe next time don't say this out loud? Or better yet, do it at all?
