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Big names, big losses: Indiana Jones ‘5’ & Mission Impossible ‘7’ suffer combined losses approaching $100 million

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Tom Cruise’s Mission Impossible ‘7’ and Harrison Ford’s Indiana Jones ‘5’, have fallen short at the box office this season, losing an estimated $100 million.

Tom Cruise’s “Mission: Impossible – Dead Reckoning Part One” and Harrison Ford’s “Indiana Jones and the Dial of Destiny” have both raked in substantial international box office earnings, with the former surpassing $523 million and the latter reaching $375 million.

However, these numbers are significant considering that both films had hefty production and marketing costs, each estimated at around $300 million for production and at least $100 million for promotion.

The impact of the COVID-19 pandemic on the film industry is noted, as it contributed to inflating the budgets of these movies. Despite the challenges, they are expected to break even and potentially turn a profit, especially with income from global box office sales and in-home entertainment options.

#MissionImpossible is the #1 Movie in the WORLD! Don't miss the most exciting ride you'll have this summer.

Get tickets now to see #MissionImpossible – Dead Reckoning Part One only in theatres. https://t.co/Qowms0U3Pv pic.twitter.com/SkuCR2kNmq

— Mission: Impossible (@MissionFilm) July 17, 2023

Disney CEO Bob Iger emphasized the importance of franchises in their earnings report, noting how these big-budget films generate interest in their existing content. Streaming services like Disney+ play a role in this strategy, as they continue to attract viewers with popular franchises like “Guardians of the Galaxy,” “Avatar,” and “Indiana Jones.”

Analysts suggest that the long-term profitability of these films, through streaming and other sales, is a strategic focus for studios, emphasizing a “long game” approach rather than immediate profitability.

The success of the more cost-effective film “Barbie,” which only had a production budget of $145 million but achieved significant box office success, highlights the importance of efficient budgeting in achieving substantial returns.

Read More at:  Sorry Tom, It’s a No: Shakira Not Interested in Dating

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Imran Malik

Imran Malik

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