TIMELINE

Budget: $80m Financed by: Mutual Film Group; Cobalt Media
Domestic Gross: $19,481,943 Domestic Distributor: Paramount
Overseas Gross: $24,453,820

timeline 2003Mutual Film Group and Cobalt Media Group co-financed Timeline, with Paramount distributing in the US.  Overseas distribution was setup through Mutual’s distribution partners, Cobalt and some territories through Paramount via UIP (joint distribution between Paramount and Universal).  During pre-sales at Cannes, Mutual and Cobalt were selling the project as a $100m+ blockbuster, but at the time of release the budget was reported at $80m, likely after tax breaks.  Paramount demanded numerous edits to the picture, delaying Timeline, which eventually opened in 2,787 theaters in the US to a poor $8,440,629.  Audiences weren’t too thrilled about the film either and gave it a C+ cinemascore and Timeline sank a huge 67.7% in its second weekend to $2,729,568 and followed that with a 68.1% decline to $869,644.  Timeline quickly left theaters with $19,481,943 leaving Paramount with about $10.6m after theaters take their percentage of the gross, which would not even cover half of the P&A costs and no cash overages would flow back to Mutual and Cobalt.  Timeline pulled in mostly awful numbers overseas, grossing just $483,238 opening weekend in the UK and quickly closing after three weeks with $1,104,933 and most markets pulled in numbers less than $1m.  Timeline played moderately well in Japan with $8.8m, which comprised the highest tally from its $24,453,820 overseas total.