JACK THE GIANT SLAYER

Jack the Giant Slayer

Budget: $200 million Financed by: Warner Bros; Legendary
Domestic Gross: $65,187,603 Domestic Distributor: Warner Bros
Overseas Gross: $132,500,000
Directed by: Bryan Singer
Starring:
Nicholas Hoult
Ewan McGregor
Produced by: Neal H. Moritz

Jack the Giant Slayer box officePoor tracking and expensive reshoots ballooned an already monstrous budget to over $200 million for Jack the Giant Slayer.  This is the kind of film where the studio knows they have a problem on their hands and they throw tons of additional cash at it with reshoots, instead of cutting their losses.  So instead of an extremely expensive film with little appeal, an insanely expensive film with little appeal was released.  Warner Bros and Legendary split the budget and the film is reported to have lost over $90 million, though some estimates are higher.  Adding to the fallout, was the ever troubled visual effects company Digital Domain who foolishly underbid to get the vfx heavy film and then found themselves in over their head and barely able to pay most of their employees to work on it, which the vfx artists aptly named Jack the Company Killer.  Digital Domain would continue bad ideas and worse management in 2013 when they contributed to the budget of the flop Ender’s Game and found themselves ruined and sold off.  After pushing the release back from June 15, 2012 for additional post work and the reshoots, Warner Bros opened the pic on March 1, 2013 in the US in 3,525 theaters to a soft $27,202,226.  Jack The Giant Slayer had plenty of room to pad the losses if the film proved to have legs, but Oz The Great And Powerful opened the following weekend and siphoned much of Jack’s audience and it sank 63.8% to $9,839,135.  Jack The Giant Slayer ended its run with $65,187,603 and after theaters take their percentage of the gross, only a good portion of the P&A spend would be covered from the theatrical gross.  Overseas, the film pulled in mediocre numbers in most territories and grossed $132.5 million — respectable numbers if the film doesn’t cost a staggering $200+ million and tens of millions more to market worldwide.  Director Brian Singer would find box office redemption the following year with X-Men: Days of Future Past.