|Budget: $12.6 million||Financed by: Fox Searchlight; Gary Gilbert|
|Domestic Gross: $46,495||Domestic Distributor: Fox Searchlight|
|Overseas Gross: $518,369|
Directed by: Kenneth Lonergan
Produced by: Scott Rudin
Film financier Gary Gilbert split the $12.6 million production costs of Margaret with Fox Searchlight and the production of the film completed without incident back in 2005, but the post production of Margaret is a lengthy and miserable one that ended in litigation and the pic being released six years after it was filmed. Director Kenneth Lonergan had trouble editing the film and missed dates to sign off on his cut. When funds dried up during the editing process, Kenneth Lonergan took a $1 million loan from actor Matthew Broderick to continue editing. Frustrated that Lonergan did not deliver an edit, Gilbert brought in editor Dylan Tichenor to commission a cut in 2007. Lonergan rejected the Dylan Tichenor cut and he eventually delivered his version in June 2008.
Fox Searchlight then billed Gilbert for his half of the film’s expenses and he refused to pay. Fox sues Gilbert, Gilbert sues Fox and Lonergan and the film gets tied up in litigation and Margaret suffers all the more because of it. Eventually the idea for Martin Scorsese (who hailed the Lonergan cut as a masterpiece) to edit his version was given to both parties to ease tensions and drop the lawsuits. Scorsese took time away from Hugo to edit Margaret. Gilbert then rejected Scorsese’s cut and it was assumed Gilbert was being vindictive and trying to harm both the movie and Lonergan.
Eventually Fox and Gilbert settled and after years of trouble, Fox Searchlight barely sunk a penny into marketing the film and Margaret opened in 2 theaters to no hype and very little awareness, grossing just $7,525. Margaret closed its small run with $46,495 and never expanded beyond 14 theaters. It was released in 6 overseas territories to $518,369 pulling in $354k of that from Australia.
After the movie quietly came and went, Gilbert sued Lonergan for $8.2 million in damages. This dragged out until 2014 when Gilbert finally settled with Lonergan for 5% of his next writing job up to $50,000.