SERVING SARA

Budget: $29m Financed by: Mandalay Pictures; KC Medien
Domestic Gross: $16,930,185 Domestic Distributor: Paramount
Overseas Gross: $3,215,965

serving sara box officeMandalay Pictures financed Serving Sara for $29 million and received some coin from the German tax shelter fund KC Medien, which was Mandalay’s biggest financial backer since German tax shelter laws were changing and Mandalay had lost access to most of its German funds.  Summit sold off overseas distribution.  Mandalay was based at Paramount since 1998 and the two companies did not re-up their contract just before the release of Serving Sara and Paramount handled the domestic distribution for the film and also Mandalay’s 2003 flop Beyond Borders before splitting.  Serving Sara was savaged by critics and audiences gave the film a terrible C+ cinemascore and it opened to a poor $5,758,236.  The following weekend the pic declined 40.6% to $3,421,951 and closed with just $16,930,185 — leaving Paramount with about $9.2 million after theaters take their percentage of the gross, which covers about half of their P&A spend.  Serving Sara was dumped overseas by the many distributors who picked up the film and it grossed just $3,215,965.  Paramount made a two picture deal with Matthew Perry before the release of Serving Sara, which never materialized after it bombed.  Lionsgate owned 45% of Mandalay since 1997 and ended its stake in the company less than three months after Serving Sara tanked.