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Tom Cruise’s Digger Projected to Lose $250 Million
Digger is a movie starring Tom Cruise about an oil magnate whose drilling causes a worldwide disaster.
The movie did not attract as many people to theaters as its makers had hoped.
It earned $8 million in the United States and $21 million around the world when it opened.
Insiders cited by TheWrap expect it to earn no more than $40 million worldwide in theaters.
The movie cost between $163 million and $173 million to make, and its marketing cost about $100 million.
Because Warner Bros.
paid for the whole film, the studio is expected to carry the loss.
The reported loss is about $250 million after other revenue is counted.
Cruise is expected to work on Days of Thunder 2 next, with production scheduled to start next year.
Digger is projected to lose about $250 million after all revenue streams are counted, according to TheWrap.
The film opened to $8 million in the United States and $21 million worldwide, and insiders do not expect it to exceed $40 million worldwide.
Its production budget is reported at $163 million to $173 million, with marketing estimated at about $100 million.
Warner Bros. fully financed the film, leaving the studio to bear the reported loss without co-financing partners.
Cruise’s next project is Days of Thunder 2, which is scheduled to begin production next year under the Paramount banner.
- Who
- Tom Cruise stars in Digger; Warner Bros. fully financed the film.
- What
- Digger is projected to lose approximately $250 million.
- Where
- The film opened in the United States and worldwide; no specific production location is stated.
- When
- The report says Skydance executives inherited the film’s financials this week; the film’s opening date is not stated.
- Why
- Its theatrical opening and projected worldwide gross are low compared with its reported production and marketing costs.
Key facts
- Projected loss
- Approximately $250 million after all revenue streams are counted, according to TheWrap.
- Opening box office
- $8 million in the United States and $21 million worldwide.
- Projected theatrical gross
- Insiders cited by TheWrap do not expect the film to exceed $40 million worldwide.
- Production budget
- Reported estimates range from $163 million to $173 million.
- Marketing budget
- Estimated at approximately $100 million.
- Financing
- Warner Bros. fully financed Digger, according to the article.
- Next project
- Days of Thunder 2 is scheduled to begin production next year under the Paramount banner.
Sources
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