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– 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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SOURCE: TheWrap

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.