Tom Cruise's The Mummy Falls Short Of Recovering Production Budget By $95 Million
Despite scoring the biggest debut of Tom Cruise’s career, The Mummy stands to lose $95 million (more than Rs 600 crore).
The Mummy opened to $169 million worldwide, and some of the worst reviews of Cruise’s career on June 9. According to Deadline, the film’s total production cost (including advertising) is $345 million. To break even, the film would have needed to make approximately double that at the box office. However, it’s current gross - at the end of its theatrical run - stands at $395 million.
“Total revenue for Mummy across all streams including theatrical rental, net global TV and home entertainment is estimated at $250 million,” per Deadline sources.
“Subtract $345 million costs from $250 million total monies, and Mummy loses $95 million. Breaking down Mummy‘s revenue, theatrical global rentals are figured at $146 million, domestic pay/network TV net at $17 million, global home entertainment net at $52 million (versus Rogue Nation‘s $84 million net), and foreign TV net at $35 million (vs. Rogue Nation‘s $74 million),” th e report continues, comparing The Mummy with Cruise’s sixth Mission Impossible movie.
The Mummy is intended to launch a series of connected films featuring classic Universal Monsters like Dracula, Wolf Man, Creature from the Black Lagoon, but the film’s terrible reviews - 16% on review aggregator site Rotten Tomatoes - didn’t make for an auspicious start.
Actors like Johnny Depp, Russell Crowe (who had a supporting role in The Mummy) and Javier Bardem are attached to star.