Crimson Peak
| Budget: $55 million | Financed by: Legendary |
|---|---|
| Domestic Gross: $31,090,320 | Domestic Distributor: Legendary (through Universal) |
| Overseas Gross: $44,217,327 | Directed by: Guillermo del Toro |
Starring: Mia Wasikowska Jessica Chastain | Produced by: Jon Jashni |
Legendary financed Crimson Peak for $55 million and was going to co-finance with Universal under the agreement that director Guillermo del Toro deliver a PG-13 product, but after he delivered a R rated film, Universal pulled out of the project. Universal did distribute Crimson Peak, with costs covered by Legendary and a fee for use of their distribution arm. The gothic-horror tale was heavily marketed and was tracking for a high teens opening and bowed against Goosebumps, Bridge Of Spies and Woodlawn. Despite positive reviews, audience response was muted and the pic declined in attendance 6.1% from Friday to Saturday and ended the weekend below expectations with $13,143,310. $2.3 million of the weekend gross come from IMAX screens. Crimson Peak placed #4 for the frame, led by Goosebumps. Even with the disappointing opening, the pic was front loaded and fell 56.9% to $5,666,525 in its second frame and lasted only 6 weeks in release with a final cume of $31,090,320.
The overseas market wasn’t much friendlier to Crimson Peak, which pulled in $44.2 million and Mexico posted the highest gross at $5.7 million. The worldwide total was $75.2 million, which would leave roughly $41.3 million after theaters take their percentage of the gross, which would not come close to even covering the worldwide P&A costs. In January 2016, the Chinese company Wanda acquired Legendary for $3.5 billion and in their financial statements, which were attained by the hollywoodreporter, Legendary lost $555.6 million in 2015. Crimson Peak, Blackhat, Seventh Son and Steve Jobs contributed to the loss.