The film’s $171 million haul at the China box office is way less than investors had anticipated for the biggest-ever U.S.-China co-production.
The collapse of The Great Wall at the domestic box office (it has made $34.8 million in North America) has iced any notion of a significant future for U.S.-China co-productions. The movie likely will end up with losses of more than $75 million, sources say, and Universal Pictures will be on the hook for at least $10 million.
The studio funded about 25 percent of the film’s $150 million production budget, the rest coming in equal parts from Legendary Entertainment, China Film Group and Le Vision Pictures. But Universal also covered Wall‘s global marketing expenses, conservatively estimated at $80 million-plus. The film earned $171 million in China (a disappointment) and is expected to top out at about $320 million globally. That’s way less than investors had anticipated for the biggest-ever U.S.-China co-production. “The fusion of the No. 1 and No. 2 movie markets in the world will eventually happen, but it is a misfire, domestically speaking,” says box-office analyst Jeff Bock. Adds one Hollywood executive who has dealt extensively with China, “There’s no question but that it’s a failure.”
Read more at THR.