LukeS7
Well-Known Member
Okay, let me break this down:Evidence? Did someone post actual evidence of the production costs and how much money the movie needs to make to be profitable? Random people on a message board throwing out numbers is not evidence.
None the less, I acknowledged that I may have jumped the gun in saying the film turned a profit immediately. That doesn't change the fact that the movie took in $450 million worldwide in it's first weekend. If you think this movie isn't a huge money maker, I don't know what to tell you.
I'd also speculate that the production costs on this movie are exaggerated. Remember that they're essentially paying themselves to do the expensive effects work, as ILM is owned by Disney. On paper, they probably cite market rates for those effects being completed.
Force Awakens had a budget of close to $250 million.
Say Last Jedi was 80% of that (realistically it could be higher), so $200 million
Now factor in the advertising for the film, which is a separate budget and usually about half the production cost (though for major films can be at least $150 million, source: http://variety.com/2016/film/features/movie-marketing-advertising-tv-campaigns-1201724468/)
So, conservatively, that puts the total cost at $300 million (production budget of $200 million x 1.5 to include advertising)
Now, it's grossed $536 million worldwide, however, Disney's agreement with theaters for this film has been widely reported as 65%, higher than usual (source: http://www.businessinsider.com/disn...w-star-wars-the-last-jedi-in-theaters-2017-11)
So, Disney's takeaway at that 65% rate is $348.4 million
Meaning, they have profited at most $48.4 million so far (which while it sounds like a lot, isn't for a major blockbuster).
To compare, the same formula for Force Awakens puts total cost at $375 million. At this point, domestic gross was at $363 million plus the opening weekend for foreign countries (foreign daily totals aren't available from what I can find) which is another $280 million, giving you $643 million as the gross, plus maybe factor in an additional ~$30 million to make up for the days without foreign totals, gives you ~$675 million, times the takeaway rate (which for a more direct comparison, we'll go with the 65% for Last Jedi) and you get $438.75 million. So their profit would be $63.75 million, even at the higher production cost.
Now, if we use more likely numbers for Last Jedi, putting it at the same cost as Force Awakens and the advertising cost at what that article states is common for blockbuster films, that puts the more realistic numbers for Last Jedi at around $400 million. having made ~$348.4 million so far, that puts Disney at a loss of ~$52.2 million.
I'd like to also point out that random people on message boards stating that the budget is inflated because they "speculate" that Disney is quoting market rates is also not evidence.