47 Ronin staring at worst debut for $150 million-plus movie in 2013
Story by Jack Foley
KEANU Reeves’ Samurai epic 47 Ronin looks to be staring down the barrel at a costly write-off.
The troubled blockbuster, which arrived in cinemas almost a year late amid reports of spiralling budget costs and re-shoots, is projected to earn under $20 million in the US by close of play on Sunday (December 29) since opening on Christmas Day, marking the worst debut for a $150 million-plus movie in 2013.
The film, directed by first timer Carl Rinsch, is estimated to have cost $175 million to make.
However, while the loss it is projected to now make looks sizeable, its distributor Universal appears to be taking it in its stride.
In a statement issued to coincide with the film’s release, Universal said: “Universal Pictures regularly evaluates its film slate for potential adjustment. In the case of 47 Ronin, we adjusted film costs in previous quarters and as a result our financial performance will not be negatively impacted this quarter by its theatrical performance.”
Universal has enjoued a fairly lucrative 2013 thanks to the success of Fast and Furious 6 and Despicable Me 2.