The Biggest Box Office Disappointments Of Summer 2017

Snatched

Domestic Box Office: $45.8 million

Foreign Box Office: $14.6 million

Budget: $42 million

Amy Schumer struck box office gold only two summers ago when she teamed up with director Judd Apatow for Trainwreck, which ended up with an impressive lifetime gross of $140 million. Unfortunately, teaming up with Goldie Hawn for a mother-daughter comedy didn’t pay off in the same way, as Snatched wound up being an even worse comedy flop than Rough Night.

To its credit, Snatched performed much better than Rough Night domestically, earning $45.8 million, but the foreign markets couldn’t pick up the slack for this 20th Century Fox-produced film, which would end its run with a total gross of $60. 5 million. That would have been a decent figure had Snatched shared Rough Night’s modest production budget, but at $42 million, Fox almost certainly lost money on this mediocre comedy.

20th Century Fox

Logan Lucky

Domestic Box Office:$22.7 million

Foreign Box Office: $3.1 million

Budget: $29 million

The most recent release on this list, Steven Soderbergh’s heist comedy still has time before it’s theatrical run officially expires, but it’s hard to see the film finding much future success when it’s already struggled so much out of the gate. Featuring an all-star cast that includes Channing Tatum, Adam Driver, and Daniel Craig, Logan Lucky currently sits at an incredible 92% rating on Rotten Tomatoes and is easily one of the most critically acclaimed films of the summer.

Unfortunately, favorable reviews have done little to help Logan Lucky find success at the box office, as the film has only managed to gross approximately $25.8 million since its release on August 18. With a production budget of $29 million, distributor Bleeker Street will be hard-pressed to break even with Logan Lucky.

https://letterboxd.com/film/logan-lucky/ Source: Letterboxd

The Circle

Domestic Box Office: $20.5 million

Foreign Box Office: N/A

Budget: $18 million

You would think that someone would have noticed if a film starring Emma Watson and Tom Hanks was released to over 3,000 North American theaters, but The Circle came and went so fast that you’d be forgiven for not knowing it even exists. Released right at the beginning of the summer movie season, The Circle is a thriller that thoroughly wastes the talents of its star-studded cast, which also features Karen Gillan (Guardians of the Galaxy) and John Boyega (Star Wars: The Force Awakens). With an embarrassing 17% rating on Rotten Tomatoes, it’s little surprise that audiences stayed away from The Circle in droves, driving the film to a worldwide gross of $20.5 million on a $18 million budget.

Now let us never speak of it again.

https://nowtoronto.com/movies/reviews/if-nothing-else-the-circle-is-aptly-named/ Source: NOW Magazine

The House

Domestic Box Office: $25.6 million

Foreign Box Office: $7.8 million

Budget: $40 million

As previously mentioned, this summer was not kind to R-rated comedies, but both Rough Night and Snatched look like runaway success stories compared to the poor performance of The House. Starring Will Ferrell and Amy Poehler as a married couple who start a casino in their basement in order to payback their daughter’s college fund, The House absolutely squanders the talents of its two leads and is aggressively unfunny, which might explain why this is the first time you’ve even heard of its existence.

Somehow, this thing cost $40 million to make and the most embarrassing part is that it wasn’t even able to recoup that cost, achieving a worldwide gross of only $33 million. On the bright side, at least very few people made the decision to waste money on this tedious mess, proving that audiences are much more discerning when it comes to comedy filmmaking than Hollywood gives them credit for.

https://www.vox.com/2017/6/30/15882118/will-ferrell-amy-poehler-the-house-comedy-review Source: Vox

Transformers: The Last Knight

Domestic Box Office: $130.1 million

Foreign Box Office: $473.9 million

Budget: $217 million

Technically speaking, Transformers: The Last Knight is far from being a box office bomb. The film has earned just over $600 million worldwide on a $217 million budget, which would be considered a success for most movies. However, considering the previous two Transformers films both surpassed the $1 billion mark in box office receipts, The Last Knight’s comparatively anemic gross represents a small disaster for Paramount Pictures.

Combine that with the fact that The Last Knight registered the lowest Rotten Tomatoes score in franchise history (which is really saying something considering every one of Michael Bay’s Transformers films have been panned by critics) and it’s quite possible we’ve reached the point of diminishing returns for this rusted out franchise — though that isn’t stopping Paramount from trying again with the Bumblebee spin-off being released next year. That film’s box office performance should help clarify if The Last Knight was a fluke or if the Transformers have run out of gas.

 

Paramount Pictures

Baywatch

Domestic Box Office: $58 million

Foreign Box Office: $119.6 million

Budget: $69 million

Dwayne Johnson is typically a sure bet when it comes to box office success, but even The Rock couldn’t keep this sinking ship afloat. Now, Baywatch was by no means a bomb, as it still managed to earn $176 million worldwide but for a comedy that cost a hefty $69 million (was that budget figure intentional?) to produce, it’s fair to say that Baywatch was one of the summer’s biggest under-performers.

The main problem for Baywatch was that its stacked cast of beautiful people couldn’t shake off poor reviews and word-of-mouth, as the film saw its fortunes steadily decline after an already disappointing opening weekend. This represents another misfire for Paramount/Viacom, which had an especially disastrous summer at the box office and had the film cost about $20 million less to make, Baywatch would have been considered a modest hit. As things stand, it’s highly unlikely we’ll see a sequel.

http://movieweb.com/movie/baywatch/ Source: MovieWeb

Cars 3

Domestic Box Office: $151.4 million

Foreign Box Office: $192.9 million

Budget: $200 million

Disney and Pixar’s Cars movies have practically been a license to print money over the last decade or so, as the first two installments not only earned in the range of half a billion dollars at the box office, but also drove ridiculous merchandise sales. Despite their commercial success, Cars has always been regarded as Pixar’s worst franchise, clearly created to fill the studio’s — and by extension, Disney’s — pockets with cash in-between their more acclaimed films. Naturally, those who would rather see Pixar make another Wall-E or Up were disappointed to see the studio do Cars 3, but it’s unlikely that anyone worried about how it would perform at the box office.

As it turns out, Pixar may have finally hit a roadblock with the franchise, as Cars 3 has proven to be one of their worst films yet from both a commercial and critical standpoint, as the film struggled to make it past the $150 million mark domestically. The only other Pixar film to have performed worse is The Good Dinosaur, which is probably not the kind of film Disney was hoping Cars 3 would be compared to. The film is by no means a bomb, but its poor performance puts the franchise’s future into serious doubt.

Disney

The Mummy

Domestic Box Office: $80.1 million

Foreign Box Office: $327.6 million

Budget: $125 million

Positioned as the launching pad for Universal’s “Dark Universe” franchise, The Mummy was a critical flop that still managed to achieve big box office returns … or did it? On paper, The Mummy looks like it performed well — in fact, it’s Tom Cruise’s third-biggest non-Mission: Impossible outing behind War of the Worlds and The Last Samurai — but its worldwide gross of $407 million doesn’t tell the whole story.

While the film was a huge hit overseas, earning over 80% of its total gross in foreign markets, The Mummy was an absolute stinker domestically, with a comparatively meager $80 million. When you factor in bloated production and marketing costs (a whopping $345 million), Universal is expected to lose around $100 million on The Mummy when all is said and done, which doesn’t bode well for future installments in this already struggling franchise.

Universal Pictures

Alien: Covenant

Domestic Box Office: $74.2 million

Foreign Box Office: $158.8 million

Budget: $97 million

Alien: Covenant is a film emblematic of the narrative surrounding summer 2017 at the box office, in that it disappointed rather than flopped and fell well below the milestone set by the previous installment. Billed as a course-correction for the Alien franchise after Prometheus divided fans and critics alike, Ridley Scott’s follow-up not only failed to live up to the box office returns set by Prometheus five years earlier but ironically, received an even worse critical reception.

With a $97 million budget and global box office receipts totaling $233 million, Alien: Covenant was a modest hit that ended up looking like a flop compared to the $403 million Prometheus earned in 2012. While Ridley Scott is planning to start shooting a sequel next year, it’s doubtful Fox will want to continue pumping out Alien movies if this downward trend continues.

http://www.hollywoodreporter.com/topic/alien-covenant Source: The Hollywood Reporter

The Dark Tower

Domestic Box Office: $47.8 million

Foreign Box Office: $53.6 million

Budget: $60 million

Sony’s The Dark Tower had a tough job from the outset, in that it had to appeal to both fans of Stephen King’s mammoth fantasy series and filmgoers just looking for an entertaining summer blockbuster. Given how hard a time The Dark Tower had even getting to screen, it really shouldn’t come as a surprise that it failed on pretty much every level, including commercially. With negative reviews amounting to a dismal 16% score on Rotten Tomatoes, many Tower fans chose to stay home rather than sit through a poor adaptation of their beloved series.

The same thing seemed to happen with the masses as well, as not even the combined star power of Idris Elba and Matthew McConaughey could make The Dark Tower a modest August hit. With just over $100 million earned worldwide on a $60 million budget, Sony didn’t lose as much money on The Dark Tower as they could have, but it’s safe to say that those trilogy plans have well and truly been scrapped.

Sony Pictures

The Nut Job 2: Nutty By Nature

Domestic Box Office: $26.7 million

Foreign Box Office: $2.8 million

Budget: $40 million

The original Nut Job was an unremarkable animated film produced on a modest budget and released in the January dumping ground. No doubt thinking the original’s respectable box office take of $120 million would only increase if they released the sequel during the summer, Open Road Films made the decision to put out The Nut Job 2: Nutty By Nature during a week with little competition.

The plan backfired spectacularly.

Barely scraping together $8 million in its opening weekend, The Nut Job 2 now holds the unfortunate distinction of having the worst performance of a film released on more than 4,000 screens. To date, it has yet to pass the $30 million mark in earnings, which is made all the worse by the fact the film cost $40 million to produce (and that’s not even factoring in marketing costs). If Open Road is to release a third Nut Job, it will probably either be another January release or even direct-to-DVD.

https://www.hdwallpapers.in/the_nut_job_2_nutty_by_nature_4k-wallpapers.html Source: HD Wallpapers

King Arthur: Legend of the Sword

Domestic Box Office: $39.2 million

Foreign Box Office: $107 million

Budget: $175 million

King Arthur: Legend of the Sword will go down not only as one of the biggest bombs of 2017 but possibly of all time, as Guy Ritchie’s hyper-stylized take on the Arthurian legend was not only panned by critics but missed its earnings projections by a massive margin. Released in May well before the summer season really kicked off in earnest, Legend of the Sword had an abysmal opening weekend, to the point where Warner Bros. had to scale back its projections by $25 million — and then the film proceeded to fall $10 million short of that mark.

King Arthur: Legend of the Sword’s total worldwide gross ended up being nearly $30 million less than its whopping $175 million production budget and when you consider that the film likely would have needed to earn double that amount just to break even, it’s safe to assume that WB’s plans for a six-movie franchise have been thoroughly scrapped.

https://www.warnerbros.co.uk/movies/king-arthur-legend-of-the-sword Source: Warner Bros.

Valerian and the City of a Thousand Planets

Domestic Box Office: $39.8 million

Foreign Box Office: $171.1 million

Budget: $175 – 200 million

Director Luc Besson is well known for directing the 1997 sci fi classic The Fifth Element, but it still boggles the mind that he was able to convince STX Entertainment to give him anywhere from $175-200 million to make an adaptation of a French comic book he read when he was a kid. Yet somehow, Valerian and the City of a Thousand Planets got made and was released this summer to mixed reviews and anemic box office returns.

Seemingly destined to become a space opera cult classic, Valerian may have cool visuals and eye-popping special effects, but that still wasn’t enough to convince audiences to check out this confusingly-titled film. While Valerian was able to earn back its production costs with a worldwide gross of $211 million,  it’s estimated that the film would need to earn around $500 million just to turn a profit. Ouch.

STX/Europacorp