Leonardo DiCaprio's "One Battle After Another" Praised by Critics But Flops at Box Office, Facing Over $100 Million Loss

(Image Source: Warner Bros. Pictures)

"One Battle After Another," helmed by Paul Thomas Anderson, the acclaimed director of "There Will Be Blood," was considered Warner Bros. Pictures' highest financial risk film this year. Despite starring Leonardo DiCaprio, the movie's subject matter and plot were inherently difficult to market. Coupled with a hefty total budget of $200 million (approximately $130 million for production and $70 million for marketing), it was widely anticipated to be unprofitable even before its release.

Following its theatrical debut, "One Battle After Another" garnered widespread critical acclaim, as expected, and was even touted as a strong contender for next year's Academy Awards. However, its box office performance, also as anticipated, struggled to achieve profitability. To date, "One Battle After Another" has accumulated a global box office total of $141 million. While a respectable figure for a drama film, the movie's high production cost means this total still leaves it in the red.

(Image Source: Warner Bros. Pictures)

Industry trade publication Variety estimates that "One Battle After Another" would need to gross at least $300 million just to break even. However, after nearly a month in theaters, it faces an uphill battle to even surpass $200 million. Variety projects that, excluding future home video sales and licensing fees for television and streaming platforms, "One Battle After Another" is currently set to lose $100 million in its theatrical run.

Regardless, DiCaprio is still set to profit from the existing box office. This is due to his "first-dollar gross" deal, which means he doesn't have to wait for the film to reach a certain box office threshold or for the studio to recoup its costs before receiving his percentage of the revenue; he starts earning from the very first ticket sold.


via: Variety