THE GOOD SHEPHERD

The Good Shepherd

Budget: $90 million Financed by: Morgan Creek
Domestic Gross: $59,952,835 Domestic Distributor: Universal
Overseas Gross: $39,527,645
Directed by: Robert De Niro
Starring:
Matt Damon
Angelina Jolie
Produced by: James G. Robinson

the good shepherd box officeThe Good Shepherd was originally going to financed by Graham King’s Initial Entertainment Group for $110 million, but when Leonardo DiCaprio left the project, so did Graham King.  Morgan Creek came in to finance the pic for $90 million with Universal as the US distributor and Morgan Creek taking foreign rights.  The expensive drama opened over the crowded Christmas frame and pulled in $9,912,110 in 2,215 theaters — placing #4 for the weekend led by new opener Night at the Museum.  The Good Shepherd saw an 11% increase in its second weekend (New Year’s frame) to $11,000,510 and the film posted modest weekly declines.  Despite pulling in $59,952835, its numbers were troubling for a $90 million budget and tens of millions more to market.  Universal would see back about $33 million after theaters take their percentage of the gross, which would most likely cover their domestic ad spend, but very little of the cash overages would flow back to Morgan Creek.  While The Good Shepherd was in release overseas, Morgan Creek head James G. Robinson told the Hollywoodreporter: “Right now, it is playing all over the world, and we are just not sure (how it will do),” Robinson says. “But it is most certainly not a hit.”  The Good Shepherd struggled and posted a poor $39.5 million across multiple distributors and the film was a disaster in Japan, grossing $3.2 million and ended in a lengthy court battle.  Japan distributor Toho-Towa distributed the film for a fee from Morgan Creek and Toho fronted the marketing spend, but Morgan Creek would be responsible to cover Toho’s investment if the film posted a loss.  In 2012 the courts found Morgan Creek responsible for $5.7 million in losses for the Japan release and froze their bank accounts until Toho collected.  The Good Shepherd severely damaged Morgan Creek’s bottom line, which saw two small releases in 2007, Georgia Rule and Sydney White and then suspended operations until 2011, when they were killed off by the flops Dream House and The Thing.