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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!
It's bad. It's bad and we've been knowing this for months, as it premiered in some festival.
It's so bad no distributors wanted any piece of the cake (because the necessary costs are astronomical).
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.
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.
Which is why for someone like me who always hated theaters for the crowded seats and annoying people and noises, it’s never been better! Subscription to see movies whenever I want, and usually less than 10 people in the theater. It’s great.
Yeah, I can understand that. While I will mourn the death of the theater experience, it has been a very slow death. It has not really been the experience I remember for a long time.
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.
Not only that, they would give FFC one at Cannes for his name alone.
Edit: what I remember about "The Beaver" doesn't fit with Cannes, maybe AVN awards :P