This Has Been The Summer Of Disastrous Box Office Bombs (And Hollywood Is Worried)
Blame Ben Hur.
How predictable are box office bombs?
It's true to say that Hollywood piles money into some very calculable duds that we all saw coming from a mile off (did anyone even read the Jupiter Ascending script?), but there are still many till receipts that take everyone by surprise.
And as it turns out, summer 2016 has continued the steady rise of big budget disasters.
Bloomberg reports that mega flops like Ben Hur and Steven Spielberg's The BFG have failed to live up to expectations, making big losses in relation to their head-spinning budgets.
Of the 32 summer movies that cost over USD100 million released through Aug 19 by the six major studios, 17 lost a total of USD915.6 million. That's almost a billion dollars that could have been saved by actually reading a script every now and again.
Paramount suffered the biggest loss as Disney ran away with the crown, earning big profits from Finding Dory and Captain America: Civil War.
Interestingly, six of the 2016's top twenty box office hits were based around talking animals, including Finding Dory, The Jungle Book, The Secret Life of Pets, Zootopia, Kung Fu Panda 3 and The Angry Birds Movie.
So safe to say, the smart money is on Storks 3D come awards season.
From: Esquire UK.