As an example – I read recently that Gemini man (Will Smith movie) was a box office bomb and paramount lost 111mn USD because of this movie. However the budget is 138mn USD and box office collection is 173.5mn USD. With box office collection this high and budget lower than box office, what were the reasons for paramount to lose 111mn? Baffling to me.
Source: https://en.m.wikipedia.org/wiki/Gemini_Man_(film)
In: Economics
The modern studio system works by making a glut of shitty and/or low budget movies that make modest amounts of money, then gambling on one or two big movies per year.
Occasionally you’ll get a breakout hit like The Omen (which paid for Star Wars A New Hope) or Deadpool, which will line the coffers for a big budget film, but in general it is the masses of dross that pays for a gamble on a blockbuster.
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