Eight Legged Freaks
|Budget: $30 million||Financed by: Warner Bros; Village Roadshow|
|Domestic Gross: $17,322,606||Domestic Distributor: Warner Bros|
|Overseas Gross: $28,544,727|
Directed by: Ellory Elkayem
Produced by: Dean Devlin
Eight Legged Freaks was the first production from producer Dean Devlin’s Electric Entertainment and it was financed by Warner Bros and Village Roadshow for $30 million. The original title Arac Attack was changed because it sounded phonetically like Iraq Attack — oh, what a PR nightmare! The campy horror comedy was first dated for March 2002 and then moved to April and positioned again to the slow Labor Day frame. It was finally moved to a Wednesday, opening in a prime, but crowded summer frame on July 17. Eight Legged Freaks would have a two day head start on the competition opening that weekend, K-19: The Widowmaker and Stuart Little 2. The film came in below expectations with a poor $6,485,458 in 2,530 theaters for the weekend. The 5-day cume from Wednesday was $9,080,158. Eight Legged Freaks collapsed quickly at the box office, sinking 63% the following weekend to $2,402,482 and a huge 73.1% drop in its third frame to $647,399. It promptly lost most of its theater count after its third week and closed with just $17,322,606. Warner Bros would see back about $9.5 million after theaters take their percentage of the gross, which leaves much of the P&A expenses in the red and the budget untouched.
The movie fared slightly better overseas, but the results were not enough to lift the terrible domestic numbers. Village Roadshow distributed in their home country Australia and saw a dismal $992,252 gross. Warner Bros handled distribution in most markets and the offshore cume was $28,544,727. In an investor relations report, Village Roadshow saw their massive profits from the Matrix franchise cut in half from the awful numbers Dreamcatcher, The Adventures Of Pluto Nash, Analyze That and Eight Legged Freaks pulled in.