Universal made a big investment in “Dolittle,” but the adventure comedy is going bust at the box office with a 4-day domestic opening weekend of $30 million and a global opening launch of $50 million. Based on a reported production budget of $175 million, multiple film finance experts tell TheWrap that they currently project a loss of $100 million for the project starring Robert Downey Jr. in his first film appearance since “Avengers: Endgame.”
That would be an even bigger loss than Universal’s other flop from December, “Cats,” which became joke fodder for online film circles, but at least had a smaller budget of around $90-95 million, which kept its financial loss estimates at around $70 million.
There is still a small possibility that “Dolittle” could find an overseas bailout. The film has yet to release in more than 20 markets, including nine more next weekend, France and the U.K. in the first week of February,...
That would be an even bigger loss than Universal’s other flop from December, “Cats,” which became joke fodder for online film circles, but at least had a smaller budget of around $90-95 million, which kept its financial loss estimates at around $70 million.
There is still a small possibility that “Dolittle” could find an overseas bailout. The film has yet to release in more than 20 markets, including nine more next weekend, France and the U.K. in the first week of February,...
- 1/19/2020
- by Jeremy Fuster
- The Wrap
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