Warner Bros have announced that Bryan Singer’s, Jack the Giant Slayer, lost the company between $125 million and $140 million.
Singer’s action adventure epic has been out for over four weeks, but despite topping the box office it only managed to gross $28 million on its opening weekend.
The $195 million opened in around 3,500 cinemas, and its failure is due to the negative and mixed reviews it received upon its release.
However, some critics did actually enjoy the movie, but weren’t excited enough to convince viewers to go to screenings of it. This is despite the star studded cast, which included Ewan McGregor, Nicholas Hoult, Stanley Tucci, and Ian McShane.
On top of its production cost, Jack the Giant Slayer, was also publicised by a $100 million marketing campaign and so far has only grossed $160 million around the world.
The movie was up against the likes of Oz: The Great and Powerful and GI Joe: Retaliation, and struggled to enchant audiences in the face of these adversaries.
Jack the Giant Slayer also only grossed $65 million in America, meaning that most of its revenue was generated overseas.
In comparison to other recent box office disasters, Jack the Giant Slayer might actually end up losing Warner Bros more money than both John Carter and Battleship.
Disney’s John Carter, which is regarded as the biggest cinematic catastropher of the modern era, earned around $280 million from a combined budget of around $350 million, meaning that it only lost around $70 million for the company. Around about $70 million less than Jack the Giant Slayer.
Warner Bros aren’t likely to fret though, as they will most likely make the money back from the huge summer releases of Man of Steel and The Hangover Part III. Also The Hobbit: An Unexpected Journey, recently accumulated over $1 billion at the box office too.
Did you see Jack and the Giant Slayer?