-->

– 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.

RELATED: Star Wars: The Last Jedi Box Office Predictions, Netflix Changing The Game, & More!

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.

Don’t forget to share this post on your Facebook wall and with your Twitter followers! Just hit the buttons on the top of this page.

SOURCE: TheWrap

  • 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.