The Time Machine
|Budget: $85 million||Financed by: DreamWorks; Warner Bros|
|Domestic Gross: $56,832,494||Domestic Distributor: DreamWorks|
|Overseas Gross: $66,896,682|
Directed by: Simon Wells
Produced by: John Logan
This remake of the 1960 version of The Time Machine, was directed by the novelist H.G. Wells’ great-grandson Simon Wells. The Time Machine was co-financed by DreamWorks and Warner Bros for $85 million and the production got the best of Simon Wells who was replaced after ‘extreme exhaustion’ and director Gore Verbinski completed the final 18 days of filming. The remake was originally scheduled for a Christmas 2001 release, but it was pushed back to February 8, 2002 and moved back again to March 8, where it opened against All About the Benjamins. The film received generally poor reviews, but opened better than expected with $22,610,437 in 2,944 theaters, winning the weekend at the box office. Audiences gave the pic a terrible C+ cinemascore and it proved to have weak legs and fell 52.3% to $10,795,951 in its second frame and 50.7% in its third to $5,324,159. The Time Machine continued to post large declines and closed its domestic run with $56,832,494. DreamWorks would see back about $31.2 million after theaters take their percentage of the gross, which would likely cover most of the P&A spend, but not put a dent in their exposure to the budget. Warner Bros distributed in most overseas markets, where the film didn’t fare much better. The overseas total was $66.8 million and Japan posted the highest gross at $9.9 million. After being removed from the production, Simon Wells didn’t direct another feature until he kamikazed his career in 2011 with the fiasco Mars Needs Moms.