|Budget: $180 million||Financed by: GK Films|
|Domestic Gross: $73,864,507||Domestic Distributor: Paramount|
|Overseas Gross: $111,905,653|
Directed by: Martin Scorsese
Chloë Grace Moretz
Produced by: Graham King
Graham King’s GK Films financed Hugo for what was originally a $100 million budget, until it went over budget with estimates as high as $180 million. Paramount distributed in the US and despite 11 Oscar nominations and critical acclaim, Hugo struggled at the box office. Hugo opened with $11,364,505 at 1,277 theaters, with the hopes that word of mouth would help sell the film which had a difficult time connecting with audiences through weak marketing. Hugo did have legs and grossed $73,864,507 at the US box office, which would cover the ad spend after theaters take their percentage of the gross, but that would not put a dent in the colossal budget. Overseas, Paramount distributed in some territories and put the film out mostly through UIP (joint distribution between Paramount and Universal) and the film pulled in $111.9 million, which while a decent number, was again not nearly enough to cover the budget that spiraled out of control. GK Films would take an $80 million loss on the project and Hugo caused a rift and then departure in their financial partnership with Texas oilman billionaire Tim Headington, who was a main line of support for Graham King’s company. The financial loss would also create a rift between King and director Scorsese, who had provided capital for the director’s films for decades.