THE STATEMENT

Budget: $27m Financed by: Serendipity Point Films; Astral Television; Corus; Company Pictures; Odessa Films
Domestic Gross: $765,637 Domestic Distributor: Sony Pictures Classics
Overseas Gross: $779,427

statement 2003One of the most expensive films ever made from mostly Canadian money, The Statement was financed for $27m by Serendipity Point Films, two Canadian broadcast networks – Astral Television and Corus – and also received some financing from the UK based Company Pictures and France based Odessa Films.  Sony Pictures Classics came on board during development for US distribution rights and a few overseas territories.  Summit handled international sales to distributors, who mostly sent the The Statement straight to video.  Sony Pictures Classics opened The Statement at a crowded end of the year marketplace and the film received mixed to poor reviews and puled in a weak $37,220 in 7 theaters, with a $5,317 per screen average.  The Statement never expanded beyond 51 theaters and grossed just $765,637.  The film pulled in $779,427 from its minuscule overseas release and veteran director Norman Jewison has not directed another film.