– by Joseph Jammer Medina

You really don’t need us to tell you the Geostorm isn’t really doing good business at the box office. Last weekend, the film made a paltry $13 million domestically, and given that it has a $120 million budget, it’s easy to see that the odds are not in favor of it actually turning a profit for the studio.

But how much does it stand to lose Warner Bros. and Skydance, who co-financed the flick? Thus far, it’s pocketed $66.8 million worldwide, and given that includes all territories, it isn’t promising. According to TheWrap, this makes Geostorm Warner Bros.’ second flop of the year — the first being King Arthur: Legend of the Sword (which made $148 million off its $175 million budget). Skydance, on the other hand, also had the disappointment that was the $69 million-budgeted Baywatch, which made only $177 million. It wasn’t great, but it wasn’t Legend of the Sword bad.

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So how does Geostorm fall in this scale? In order to cover all its costs that include budget, marketing, and theater cut, the film would likely need to make $300 to $350 million worldwide. However, one positive thing to come out of this is that, according to Exhibitor Relations analyst Jeff bock, Warner Bros. didn’t actually put a lot of money into advertising.

“There really wasn’t a lot of advertising for this movie, and that’s a sign that WB was willing to cut their losses.”

Additionally, while China could help out a bit, only 25 percent of the box office revenue returns to the studios, and the week after that, Thor: Ragnarok will be dominating, pretty much knocking out Geostorm when it’s already down.

All in all, we’re looking at north of $100 million in loss. Luckily WB and Skydance will be sharing this loss, and at least WB has films like Wonder Woman and IT to help offset this loss.

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  • Smerdyakov

    Another movie that covers familiar ground that nobody asked for.

    • David Kozlowski

      Two words: Gerard Butler. Who makes a $120 million movie in 2017 on the back of Gerard Butler? Multiple executive heads should roll.

      • Smerdyakov

        Tell me why I don’t like Gerard Butler.

  • SeanDon

    How did this cost so much…looks like a sci-fi channel original.

    • Joseph Jammer Medina

      There were $15 million worth of reshoots.

      • TheOct8pus

        Apparently, if you pay attention to his facial hair, Gerard Butler has a darkish beard in one scene, a grayish beard two seconds later, then a 5 o’clock shadow, back to a long beard etc…. the beard is where the action is

  • Kronx

    How did the pitch go past… so there’s a device that controls the weather…? At best it’s a bad James Bond setup.

    • Saranac

      Even after the pitch, reading the script the computer spit out should have given them pause….Then they said; Hell, know what would really doom this movie? Hire Gerard Butler and Andy Garcia, and Abe Vigoda. Abe Vigoda’s still alive right – doesn’t matter. Roll cameras!

  • David Zaldivar

    it should be a lesson to never make this kind of movies ever again

  • Victor Roa

    Warner Bros has really an eye on quality……. and it’s DEAN DEVLIN, not Roland Emmerich, wow. I have a new found respect for Emmerich right now, it probably won’t last but like you’d figure he’d throw him a bone since they patched things up in Independence Day 2.

  • TheOct8pus

    They should have named this movie “Shitstorm”

Joseph Jammer Medina is an author, podcaster, and editor-in-chief of LRM. A graduate of Chapman University's Dodge College of Film and Television, Jammer's always had a craving for stories. From movies, television, and web content to books, anime, and manga, he's always been something of a story junkie.