Warner Bros. may be bracing itself for a significant financial blow after the release of its latest superhero venture, "The Flash." The DC blockbuster, starring Ezra Miller in the titular role alongside Michael Keaton's Batman, may incur losses of $200 million when its theatrical run comes to a close.
Despite much anticipation, the film's debut at the box office was less than stellar, grossing a disappointing $55 million domestically in its opening weekend. By its second weekend, that figure plunged by a shocking 72%, pulling in just $15.3 million.
Industry insiders and analysts have since projected the film to be a notable box office disaster.
Fernando's Grim Financial Forecast
Respected analyst Luiz Fernando has forecasted the movie's global earnings to hover between $280 million to $310 million.
Given the film's substantial $200 million to $220 million production budget, coupled with an additional $150 million in marketing expenditures, this prediction sets a grim financial outlook for Warner Bros. It's important to note that these estimates account for the fact that studios don't collect the full amount of their box office earnings, due to the various cuts taken by movie theaters and other involved parties.
The financial deficit could potentially reach an astounding $200 million, posing a severe setback for the esteemed production company. Fernando suggested that Warner Bros. might have been better off financially had they opted to release the film on their streaming platform, HBO Max, or even foregone the release entirely.
These box office results are a stark reminder of the unpredictable nature of the film industry. Even a film with high profile stars and a beloved superhero franchise can struggle at the box office, proving that no project is a guaranteed success.
While Warner Bros. has weathered box office disappointments in the past, the potential loss incurred from "The Flash" might be one of its most severe to date.
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