Analysts forecast $245m loss for Tom Cruise’s Digger - BBC News
The film 'Digger,' starring Tom Cruise, is projected to lose approximately $245 million due to poor box-office performance. Analysts suggest the film's high production costs and weak ticket sales make it a significant financial failure for Warner Bros.
Why it matters
The failure of high-budget films highlights the volatility of the modern theatrical market and the shifting success metrics for major Hollywood studios.
--> Hollywood analysts predict that the satirical black comedy “Digger,” starring Tom Cruise, could incur about $245 million in losses due to weak box-office results. As BBC News reports , ticket sales for the film fell by about 60% in its second weekend of release.
“Digger” has currently grossed about $35 million worldwide. Cruise played oil magnate Digger Rockwell in the film. Production and marketing of the film cost Warner Bros. an estimated $280 million.
Variety forecasts that the film will gross about $50 million worldwide during its entire theatrical run. According to its data, the film would need to earn about $350 million to break even, considering production and marketing costs, cinemas’ share of ticket sales, and possible spending on an awards-season campaign. At the same time, a Warner Bros. representative told Variety that the break-even point is $300 million.
Also covering this story
3 other newsrooms covered this event. We read each version separately.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in