CATS Film Expected to Suffer $100 Million Loss
According to Variety, the new Cats film is expected to suffer a $100 million loss, after making just $38 million globally in its first two weeks in theaters.
The film made a $6.5 million domestic debut, and then failed to gain any traction after, making just $8.7 over the 5-day holiday period.
Cats cost about $100 million to produce, and an additional $95 million to $100 million for global marketing and distribution fees. In addition, costs increased when Universal issued a new version of the film with improved visuals, just days after the film opened. Variety reports that Universal insiders say that all changes were made digitally, which kept costs below six figures.
This doesn't change the fact that the movie will most likely take a loss, as it is expected to top out below $30 million in the U.S. So far, it has earned $17.8 million in North America.
Read more on Variety.
Cats stars James Corden, Judi Dench, Jason Derulo, Idris Elba, Jennifer Hudson, Ian McKellen, Taylor Swift, Rebel Wilson and introduces Royal Ballet principal dancer Francesca Hayward in her feature film debut.
Featuring Lloyd Webber's iconic music and a world-class cast of dancers under the guidance of Tony- winning choreographer Andy Blankenbuehler (Hamilton, In the Heights), the film reimagines the musical for a new generation with spectacular production design, state-of-the-art technology, and dance styles ranging from classical ballet to contemporary, hip-hop to jazz, street dance to tap.
More Hot Stories For You
Actors' Equity Association released the following statement after a report in the New York Times that members of West Side Story have become concerned... (read more)
Photos and Video: Get a First Look at FROZEN's New Cast Members; Plus Learn About the Changes Coming to Broadway
As it approaches its second anniversary on Broadway, Frozen will welcome a trio of new stars joining the company tonight, Tuesday, February 18, 2020. ... (read more)
Photo Flash: First Look at Ivo van Hove's WEST SIDE STORY on Broadway!
Tomorrow is the big night! Tony Award winner Ivo van Hove's new production of West Side Story will open Thursday, February 20, at the Broadway Theatre... (read more)
Arena Stage Announces 2020/21 Season; Corbin Bleu in CATCH ME IF YOU CAN, and More!
Arena Stage has announced its 2020/21 Season, which is set to include five world premieres, four plays and three musicals, including a Corbin Bleu-led... (read more)
Photo Flash: PRINCE OF EGYPT Cast Poses For All New Portraits
THE PRINCE OF EGYPT, the brand-new musical that is now in previews at London's Dominion Theatre, has released a series of principal cast character por... (read more)
Event Calendar Revealed for 74th Annual Tony Awards!
The American Theatre Wing's Tony Awards have announced the calendar for the 2019-2020 season. The Tony Awards, which honors theatre professionals for ... (read more)