National Lampoon's Gold Diggers
|Budget: $6 million (estimated)||Financed by: Delfino Entertainment|
|Domestic Gross: $527,000||Domestic Distributor: National Lampoon/P&A Releasing|
|Overseas Gross: $302,140|
Directed by: Gary Preisler
Produced by: Don Ashley
Delfino Entertainment was formed by Gary Preisler and Don Ashley to finance low cost, high concept comedies for $6 million and under and Gold Diggers was their first and last film. Delfano began with about $10 million in equity investments from vineyard owners and dot-com entrepreneurs and was expected to have an increase in capital to about $50 million to finance productions, but nothing materialized after this flopped. National Lampoon acquired Gold Diggers after the film was finished and slapped their name onto the title and handled distribution with P&A Releasing, which is their only credit. Gold Diggers somehow escaped from the direct to video waste bin and opened in 1,062 theaters to one of the worst openings of all time at $403,164 with a remarkably bad $379 per screen average. It placed #22 for the weekend led by Sky Captain and the World of Tomorrow. It was the second worst opening in over 1,000 theaters at the time of release. National Lampoon’s Gold Diggers was pulled out of release at the end of its first week with only $527,000. Independent distributors only see a small percentage of the gross (Regal Cinemas only pays out 34% of the ticket price to small distributors, for example) and almost the entire P&A spend was a loss. National Lampoon’s Gold Diggers saw a release in Russia to a miserable $302,140 and saw a direct to video release in only a few countries.