Two high-profile films are struggling badly at the box office after three weekends in theaters, according to industry figures reported by Breitbart News.
Writer-director Aaron Sorkin’s “The Social Reckoning,” produced by Sony for an estimated $50 million before marketing costs, has grossed just $15 million worldwide after three weeks — $9 million domestically and $6 million overseas. In its third weekend alone, the film’s box office take fell 85 percent. With promotional spending factored in, the total cost of the film is estimated closer to $120 million, meaning Sony could lose roughly $100 million on the project, per standard Hollywood accounting.
For comparison, Sorkin’s 2010 film “The Social Network” grossed $225 million globally.
The Elon Musk documentary “Musk,” directed by Alex Gibney, has fared no better. After three weekends, including a release that expanded to 470 theaters in its second week, the film has grossed only $643,000.
By contrast, “You Can See Everything,” a three-hour documentary about Theranos founder Elizabeth Holmes, has brought in $45 million over just two weekends.
Clayface opens to mixed results
DC’s horror film “Clayface” opened to $24 million domestically and $43 million globally. With an estimated production and marketing budget near $100 million, the film would need to reach roughly $200 million worldwide to break even.
The opening is considered weaker than typical for a DC release, though the film carries an R rating and received an A- CinemaScore, which could help it maintain strong attendance in the coming weeks. Industry observers say its ultimate performance will become clearer after another weekend in theaters.
