Budget: $120 million [source]
Opening weekend gross: $4 million
Factoring in marketing costs and the theaters taking their cut of the profits, Megalopolis would need to make at least $300 million to break even. I think it’s safe to say that’s not happening.
It would have been THE worst opening for a $100 million movie ever, had it not been for Pluto Nash’s horriffic opening 22 years ago.
Even The New York Times is reporting near-empty screenings of Megalopolis!
AFAIK, the movie received a 10-minute standing ovation at Cannes. It is an art film first and foremost, and probably not for the general audience that flocks to the same old, boring formulaic movies a la Marvel & co.
A 10-minute ovation is not a notable statistic at Cannes. The Beaver got a 10-minute ovation. I dare anyone to remember even one thing about The Beaver without looking it up.
Every movie at Cannes gets a ten minute standing ovation. That’s normal.
I’m excited to see this though. But I’m not going to go to the theatre for it.
Same here, and frankly I will never again think it is surprising that a theatrical release is underperforming. Doesn’t matter which film. Theaters are underperforming because of many factors.
I can buy my own copy of the film for less than it would take for me and one other person to see it together once in a theater.