Box Office Bust: ‘Gemini Man’ Starring Will Smith Faces $75 Million Loss
The just-released film “Gemini Man” is already projected to be a bust, despite the all-star lineup behind the film. It stars Will Smith and was directed by Oscar-winning filmmaker Ang Lee.
The VFX-heavy film, “faces losses of $75 million or more after opening to $20.5 million domestically over the Oct. 11-13 frame,” The Hollywood Reporter reported. The film ended its opening weekend with a meager $118.7.
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“Gemini Man,” which features Smith as an elite assassin who faces off against his younger self, cost a reported $140 million to produce after tax rebates and incentives, in addition to a $100 million-plus marketing spend.
The outcome doesn’t look good even overseas, where films that flop in the States can sometimes become blockbusters. In fact, “‘Gemini Man’s’ foreign tally stood at an underwhelming $82.2 million. Internationally, it grossed $33.4 million in its second weekend in wide release, a steep 59 percent decline,” The Hollywood Reporter reported.
“‘Gemini Man’ was financed by four different companies, meaning the loss will be split between Skydance Media, Paramount Pictures, Fosun, and Alibaba. After a disappointing first week at the domestic box office, the companies had reportedly hoped to see the movie pick up more steam in China,” Complex reported.
Many thought the techniques used to make the film would lure in audiences. Shot in 3D, the film also uses a technique to make Smith younger.
Lee is the director behind such critically-acclaimed films such as “Crouching Tiger, Hidden Dragon” and “Brokeback Mountain.”