|Budget: $28 million||Financed by: Alliance Atlantis; UK Film Consortium|
|Domestic Gross: $5,204,007||Domestic Distributor: Sony (Screen Gems)|
|Overseas Gross: $9,235,691|
Directed by: Ronny Yu
Samuel L. Jackson
Produced by: Julie Yorn
Alliance Atlantis majority financed Formula 51 (The 51st State in the UK) for $28 million and the UK Film Consortium contributed £2,000,000 in lottery coin. Alliance Atlantis sold the picture to numerous overseas distributors, which would help limit their exposure to the budget. Atlantis’ UK subsidiary Momentum Pictures, distributed in the UK and Sony’s Screen Gems picked up US rights. The pic first opened in the UK in December 2001 and was hated by critics and grossed a poor £3,682,190. Atrocious reviews followed Formula 51 for its US bow, which was first scheduled to open September 6, 2002 and then moved to August 30 and then October 25 and finally October 18. Screen Gems opened it in 1,857 theaters against The Ring and Abandon and it placed outside the top 10 at #12 with a dead on arrival $2,817,719. Audiences gave Formula 51 a toxic C- cinemascore and it tumbled 65.8% the following weekend to $964,019 and promptly lost most of its theater count. It closed its run after only four weeks with a terrible $5,204,007. Sony would see back about $2.8 million after theaters take their percentage of the gross, way below their P&A expenses and unreported acquisition cost. Overseas, Formula 51 was a dud, grossing $9,235,691 across many distributors and it was dumped straight to video in Italy, Germany and a few smaller markets.