News

47 Ronin set to be huge box-office bomb

30 December 2013

Unlikely to make much more than $47m.

Keanu Reeves’ latest film, 47 Ronin, is set to lose millions of dollars and may be one of the biggest box-office bombs of 2013, it has been reported.

The samurai fantasy adventure, based on the famous Japanese legend, opened to scathing reviews - including a mere two stars here on Sky Movies - and an 11% rating on Rotten Tomatoes.

With a reported production of $175m (likely to be over $200m when marketing and other factors are taken into account), the film flopped on its opening weekend. It charted at 9th in the US box office on its first three days, lagging behind films like Disney’s Frozen, now in its sixth week of release and still performing strongly.

Of films with a budget of over $150m, Variety reported that it had the worst-performing debut of 2013.

Box Office Mojo estimates that the current global box-office haul stands at just $42m and it may well struggle to hit $100m.

Universal, which distributed the film, has confirmed they will be taking the unusual step of writing down some of the costs - effectively admitting, in accounting terms, that it is a flop.

[Source: Variety]