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TheImpressiveX ( TheImpressiveX@piefed.social ) M to movies@piefed.socialEnglish · 1 month ago

Tom Cruise’s ‘Digger’ Now Stands to Lose $245 Million After Dropping 60% in Second Weekend

variety.com

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Tom Cruise’s ‘Digger’ Now Stands to Lose $245 Million After Dropping 60% in Second Weekend

variety.com

TheImpressiveX ( TheImpressiveX@piefed.social ) M to movies@piefed.socialEnglish · 1 month ago
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After dropping 60% in its second weekend, "Digger" is primed to lose $245 million in its theatrical run.
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  • Sarah Valentine ( SarahValentine@pawb.social ) 
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    1 month ago

    I didn’t even know this movie existed until I started seeing articles about how badly it bombed.

  • Jo Miran ( JoMiran@lemmy.ml ) 
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    1 month ago

    That’s too bad. I respect how Tom Cruise swung for the fence on this character.

    That said. This movie should have had a budget of about $50MM, max

    EDIT: (for context)

    Warner Bros. greenlit the film for $125 million, but the budget soared to $160 million to $180 million after production went over schedule.

    • klankin ( klankin@piefed.ca ) 
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      1 month ago

      Impressive accounting to spend $180 mil, make some amount of profit, and still claim it costed you $245 mil.

      • Jo Miran ( JoMiran@lemmy.ml ) 
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        1 month ago

        That’s common. The $180MM is the production cost to which you need to add marketing etc… I watched Matt Damon and Bem Affleck talk about this when explaining why big studios are so risk averse when making movies. Basically the rule of thumb is that a movie needs to gross double it’s production cost just to break even, and that’s still considered a relative failure.

    • Kairos ( LodeMike@lemmy.today ) 
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      1 month ago

      What is MM

      • Jo Miran ( JoMiran@lemmy.ml ) 
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        1 month ago

        https://corporatefinanceinstitute.com/resources/fixed-income/mm-millions/

        • msage ( msage@programming.dev ) 
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          30 days ago

          Million Moneys

        • Kairos ( LodeMike@lemmy.today ) 
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          1 month ago

          Oh, roman numeral bullshit. They can’t even do it correct MM is 2000

          • Jo Miran ( JoMiran@lemmy.ml ) 
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            1 month ago

            Tech uses greek.

            K = thousands
            M = millions
            G = billions. So KB, MB, GB.

            Financials use Roman.

            M = thousand
            MM = a thousand thousand (million)
            MMM = a thousand thousand thousand (billion)

            • wax ( wax@feddit.nu ) 
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              1 month ago

              Mmm Mmm = crash test dummies

    • fyzzlefry ( fyzzlefry@retrolemmy.com ) 
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      30 days ago

      deleted by creator

  • Dr. Bob ( DrBob@lemmy.ca ) 
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    1 month ago

    I saw this tonight. Ten people in the theater. This is the best film I’ve seen all year. The story just kept unfolding and Cruise gives an outstanding performance.

    • FatVegan ( FatVegan@leminal.space ) 
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      1 month ago

      I saw Odyssey last weekend and the theatre was like 60 or 70% full. Digger was also playimg, and in hindsight, i would’ve rather watched that one. Although, i don’t want to spend money on the Scientology weirdo and just pirate it.

  • ParlimentOfDoom ( ParlimentOfDoom@piefed.zip ) 
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    1 month ago

    Oh no! What will scientology do now?

  • IWW4 ( IWW4@lemmy.zip ) 
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    1 month ago

    Tom Cruise is Digger…

  • NigelFrobisher ( NigelFrobisher@aussie.zone ) 
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    1 month ago

    I love it when a major studio gives an auteur director way too much money to make an arthouse flop and hope this does not get replaced by AI Slop everything when the Ellisons own all of Hollywood.

    • ColeSloth ( ColeSloth@discuss.tchncs.de ) 
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      1 month ago

      The movie may have bombed at the box office, but it’s supposed to be a good movie.

  • harrison_fnord ( harrison_fnord@reddthat.com ) 
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    30 days ago

    That movie is a 10/10 people are just but hurt the twist puts them into a place of guilt.

  • Long LIve Luigi  ( 456456@lemmy.ml ) 
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    30 days ago

    But is there any money actually lost by the people producing films? I’m pretty sure movie studios create a separate business for each film so they can declare bankruptcy if it doesn’t make money. I’m sure someone is getting fucked, but it ain’t Tom or anyone at the studios.

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