|Budget: $48.3 million||Financed by: New Regency; Emmett/Furla; Envision Entertainment;|
1984 Private Defense Contractors;
Envision Entertainment; Nemesis Finance
|Domestic Gross: $19,701,164||Domestic Distributor: FOX|
|Overseas Gross: $14,778,881|
Directed by: Allen Hughes
Produced by: Randall Emmett
The first business deal that the new CEO of New Regency Brad Weston made was to co-finance Broken City with Emmett/Furla. The gross budget was $56,770,611 and after rebates the net cost was $48.3 million. Additional co-financing came from 1984 Private Defense Contractors, Envision Entertainment and Nemesis Finance. Inferno International began pre-sales in 2011, but the company went bust in 2012 and the rights Inferno had in the project was then assigned to Nemesis Finance. The financing model for Broken City expected $28 million from pre-sales, but they only amounted to $17 million.
After the lower than expected sales, Nemesis changed their role to a lender and contributed $5.3 million and then sued Emmett/Furla for fraud and damages. Emmett/Furla fabricated the amount of debt that was being loaned against the pre-sales, so they could deposit less into the residual reserve they had to give to the major guilds. This exposed Nemesis to a possible $1.6 million that might not be returned to them. In 2013 Emmett and Furla defaulted on the loan from Nemesis. Adding more clutter to this for Nemesis was an investor called Loggalex owed $1.6 million to Inferno, which was inherited by Nemesis and they discovered a side deal that Emmett had with Loggalex — in which Emmett diverted part of that $1.6 million into another film. Nemesis sued for $6.2 million and finally in September 2016, the lawsuit was settled by both parties.
New Regency used their domestic distribution home at FOX for a domestic release and opened Broken City on January 18th, when better reviewed adult fare, like Zero Dark Thirty and Silver Linings Playbook were in wide release. It bowed against Mama and The Last Stand. Pre-release tracking was soft, pointing toward a mid to low teens weekend and mixed to poor reviews did not help. Broken City pulled in a poor $8,268,908 in 2,620 theaters — placing #5 for the frame led by Mama. The pic had weak legs and declined 51.4% in its second weekend to $4,019,558 and then sank 63.6% to $1,461,321 in its third sesson and promptly lost most of its theater count. Broken City closed its run with only $19,701,164. FOX would see returned about $10.8 million after theaters take their percentage of the gross, which leaves much of their P&A spend in the red.
Broken City was a total dud overseas and the reported offshore cume was just $14.7 million across numerous distributors.