Van Wilder 2: The Rise Of Taj
|Budget: N/A||Financed by: Bauer Martinez Entertainment|
|Domestic Gross: $4,300,645||Domestic Distributor: MGM|
|Overseas Gross: $1,785,863||
Directed by: Mort Nathan
Produced by: Philippe Martinez
Philippe Martinez, the man who said he would have the largest independent studio after serving jail time for fraud in France, saw his company Bauer Martinez Entertainment take a huge hit with Van Wilder 2. Financed for an unreported amount by Bauer Martinez Entertainment, the film was set up as part of a three picture distribution deal with MGM, the first being Harsh Times, where Bauer Martinez Entertainment was to pay for the marketing costs, but left MGM with the bill. The second film being Van Wilder 2, which after it tanked, MGM severed their contract with Bauer Martinez Entertainment and booted them out of their offices on the MGM lot and refused to release the third film I Could Never Be Your Woman, which ended up going straight to video. MGM opened the film in the US in 1,979 theaters to a dismal $2,313,372 — placing #10 for the weekend led by holdovers Happy Feet and Casino Royale. Audiences gave the film a terrible C cinemascore and Van Wilder 2: The Rise Of Taj declined 62.3% to $871,780 in its second frame and lost all but 130 theaters going into its third weekend, where it fell 92.7% to $63,874 and closed with just $4,300,645. Overseas, the film pulled in just $1.7 million, with $1.4 million coming from Russia and it went straight to video in every major market. After the film flopped, Bauer Martinez Entertainment laid off all but a dozen employees and would soon find itself bankrupt and unable to release upcoming films on their slate, like The Flock which went straight to video. Domestic home video sales eclipsed the terrible theatrical run with $9 million (less after resellers take their cut and manufacturing costs).