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The Matrix Resurrections estimated to lose Warner Bros $100M

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Re: The Matrix Resurrections estimated to lose Warner Bros $100M

#31

Post by dragontamer »

EdwardDiego wrote: post #14
babyshake wrote: post #3

Space Jam: A New Legacy, The Suicide Squad, Tenet, the Matrix. Not a great run for WB.

I quite liked The Suicide Squad (assuming that was the one that had no Will Smith).

I mostly liked it but I still think they did Starro dirty. Seriously, Starro typically takes on the entirety of the justice league by itself.

Suicide Squad can take on maybe 2 or 3 Justice League heroes at a time, at best, not the entire team's collective focus. They're just completely incomparable in terms of threat-level, size or scope.

Re: The Matrix Resurrections estimated to lose Warner Bros $100M

#32

Post by matwood »

samspenc wrote: post #9

Doesn't HBO Max streaming somewhat counteract the losses in the theater? When HBO & Warner Bros decided to release all their movies on big screen and streaming at the same time for 2021 (only), part of it was a play to increase their streaming app subscription base? I know that we got a family subscription to HBO Max for exactly this as the main reason. I would be interested in understanding how the increased revenue…

Exactly. Box office numbers are going to become less and less important over time. Except for the few big special effect movies, most movies will move to streaming.

Another wrinkle is the movie format itself is under attack. Dune for example should have been a weekly series. There just isn't enough time to do it right in a movie.

Re: The Matrix Resurrections estimated to lose Warner Bros $100M

#33

Post by andrew_ »

monkeybutton wrote: post #17
anm89 wrote: post #7

They killed the matrix with 2 and 3 being so terrible. that ship had sailed

Its not like they redeemed themselves since 2 and 3 either; Jupiter Ascending was trash. What did people expect?

Jupiter Ascending is a guilty pleasure. I know it's bad, so when I'm in the mood to shut my brain off and it's available, I do watch it from time to time. It's got enough visuals and entertainment in it that it'll keep my attention for a bit. Plus, Mila.

Re: The Matrix Resurrections estimated to lose Warner Bros $100M

#34

Post by akomtu »

What was the story in this sequel? The original matrix was about "techno-buddhism" and even character names were carefully chosen, e.g. Sati who could cross the boundary. It wasnt about green characters on the screen and black leather suits, and people felt that, even if they werent familiar with this philosophy.

Re: The Matrix Resurrections estimated to lose Warner Bros $100M

#35

Post by jerf »

fallingmeat wrote: post #27

Resurrections was like someone saying, “Hey remember that awesome movie we made in the 90’s? Yeah that was so great…” Axiom: You can only see The Matrix for the first time, once.

Unfortunately, no one can be re-told what the Matrix is.

Re: The Matrix Resurrections estimated to lose Warner Bros $100M

#36

Post by celim307 »

acchow wrote: post #13

In comparison, Spiderman No Way Home is the 8th highest grossing film of all time. I haven't seen it yet, but some of my friends have said the two films are equally bad. It seems they both attempt to sell nostalgia, and one of them worked and one didn't

Spider-Man I thought was a well done blockbuster. First half drags a little but the climax and second half are pretty solid with an emotional scene and great chemistry

If you like Spider-Man or marvel you’ll enjoy it

Re: The Matrix Resurrections estimated to lose Warner Bros $100M

#37

Post by leros »

superfamicom wrote: post #5

I saw it, and enjoyed it for what it was. I will say that it very much felt like a few "Matrix" projects mashed-up together. I especially feel like the new characters could have stood on their own as a miniseries much better.

The movie even went meta explaining what it was. It's hard to be mad after that.

Re: The Matrix Resurrections estimated to lose Warner Bros $100M

#38

Post by didibus »

I don't understand how they do the math with streaming.

In a way, you can say that everyone who is an HBO subscriber has already paid for the Matrix Resurrections. Obviously you don't have to watch it immediately, since it's now part of the streaming service catalogue, so unlike a movie theater where all people who intend to see the movie must watch it before it leaves the cinema, all HBO max subscriber can just think: cool new matrix, I should watch that eventually, and continue being happy subscriber even if they don't watch it yet (like me).

So for me, this is building a catalogue. I'm sure they have things like immediate conversion, how many subbed and The Matrix Resurrection was their first thing they watched, etc.

But basically, I think it's a very different formula, and it's probably a lot harder to figure out what success means and how important The Matrix Resurrection is to HBO Max's growth and continued subs.

Re: The Matrix Resurrections estimated to lose Warner Bros $100M

#39

Post by xibalba »

thatcherc wrote: post #23
lliamander wrote: post #8

Earlier quoted context omitted.

Did Tenet lose money? That was a great movie.

Lots! It made $363 million off a $200 million budget [1]. That's probably lower than the studio expected for such a big movie, but still a solid profit and especially good in today's post(?)-covid box office. [1] - https://en.m.wikipedia.org/wiki/Tenet_(film)

That figure is an estimate of the production budget only. In order to know the estimated gross profit, we'd have to have some sense of the promotional and distribution costs. For a tentpole like Tenet, those are usually pegged at pretty near the production budget. So, call it $400 million.

In other words, its pretty unlikely the theatrical run yielded a profit.

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