(Image courtesy of Warner Bros. Pictures and Walt Disney Studios Motion Pictures)
By now, most moviegoers have heard plenty about the disastrous box-office numbers for Tom Cruise’s "The Digger," including just how badly the film has cratered. But its financial nightmare is far from over—and the outlook keeps getting worse. According to a new exclusive from TheWrap, both the film’s total cost and its projected losses have been revised upward. Paramount Skydance only recently completed its acquisition of Warner Bros. Discovery, and during the transition, executives discovered that "The Digger" was on track to lose far more than previously estimated.
(Image courtesy of Walt Disney Studios Motion Pictures)
Earlier reports suggested that "The Digger" could ultimately lose around $125 million. The latest figures, however, put its production budget between $163 million and $173 million, with another $100 million spent on marketing. That brings the total cost to roughly $270 million. Skydance, the newly combined company’s parent, reportedly expects the film to finish with less than $40 million worldwide. After theaters take their cut and Cruise receives his box-office participation, the final loss could reach approximately $250 million.
(Image courtesy of United Artists)
Adjusted for inflation, "John Carter" currently ranks as the biggest money-losing movie of all time, with an estimated $280 million loss. By comparison, the infamous "Heaven’s Gate"—a catastrophe so severe that it helped force its production company into a sale—lost the modern equivalent of about $158 million. Without adjusting for inflation, "John Carter" still holds the record with a $250 million loss. That means "The Digger" now has a real shot at claiming Hollywood’s box-office flop crown.
via： The Wrap