TRANSCENDENCE

Transcendence

Budget: $100.8 million Financed by: Alcon Entertainment; DMG
Domestic Gross: $23,022,309 Domestic Distributor: Alcon Entertainment (through Warner Bros)
Overseas Gross: $80,016,949
Directed by: Wally Pfister
Starring:
Johnny Depp
Produced by: Christopher Nolan

Transcendence box officeTranscendence was financed by Alcon Entertainment and this expensive $100.8 million production was given some funding by China based DMG who boarded the film midway through production.  DMG also picked up China distribution rights where the film pulled in a decent enough $20,280,00 and that’s where the good news for Transcendence ends.  On paper this was a blue print for success, a script that was on the black list, a star who’s power had yet to fade, produced by heavyweight Christopher Nolan and directed by acclaimed cinematographer Wally Pfister.  Alcon paid for the P&A in the US through Warner Bros distribution arm and after a strong marketing spend close to $40 million, Transcendence opened with a terrible $10,886,386 placing #4 at the box office when Captain America: Winter Soldier led the weekend in its third frame.  Audiences gave Transcendence a toxic C+ cinemascore and it dropped 60.8% to $4,265,176 in its second weekend and declined 72.5% in its third weekend to $1,173,020 and ended its disappointing run with $23,022,309.  Alcon would see back about $12.6 million after theaters take their percentage of the gross.  Home video sales amounted to about $8 million (less after resellers take their cut and manufacturing costs).  Alcon reported losses upwards of $30 million and while Warner Bros fronted the money for the US marketing, Alcon backstopped it — so they covered WB’s loss.  Transcendence pulled in $80 million overseas, $20 million of which was from China and did middling numbers everywhere.  Australian distributor Village Roadshow posted a $2+ million write off for Transcendence and blamed the film publicly for hurting their 2014 profit projections.  The film opened in Australia with a terrible $1,278,665 coming in #5 for the weekend and closed with just $2,742,123.  In an interview with TheWrap, co-president of Alcon Andrew Kosove said “I can say definitively that Alcon got its ass kicked. We’ve made 28 movies and we’ve never had anything like this happen before and I hope we don’t again.  I’m mortified and I feel terrible for our international partners.  That said, we’ve had quite a few successful movies that have made a lot of money for those people. I’m hopeful that it won’t damage those relationships. I’ve personally reached out to many of them and accepted full responsibility.”