15 Biggest Box Office Busts cont'd...
8. HEAVEN'S GATE

Net losses, inflation adjusted: $104,542,449
Total cost: $44,000,000
Worldwide theater gross: $3,484,331
Net losses (actual): $40,515,669
Michael Cimino, the Oscar-winning director of The Deer Hunter, followed up his highly regarded movie with an epic western called Heaven’s Gate. To achieve cinematic perfection, Cimino demanded up to fifty takes of individual scenes and would delay filming until a cloud that he liked rolled into the frame. Production fell behind schedule immediately, and the movie exceeded its budget by 400%.
The movie was mercilessly thrashed by critics such as the New York Times’ Vincent Canby, who compared it to "a forced four-hour walking tour of one's own living room." It earned less than $3 million of its $44 million budget, and the studio, United Artists, folded soon after. Cimino, once a promising director with a great career ahead of him, has barely worked since 1980.
7. SPEED RACER

Net losses, inflation adjusted: $106,054,234
Total cost: $200,000,000
Worldwide theater gross: $93,945,766
Net losses (actual): $106,054,234
After the Matrix trilogy and V for Vendetta, Larry and Andy Wachowski decided to adapt the Japanese cartoon Speed Racer to the big screen. The movie had $80 million worth of marketing behind it from such partners as LEGO, Mattel and McDonald’s, among others.
However, the movie received reviews that were indifferent at best, and The New Yorker’s Anthony Lane said that it was "of no conceivable interest to anyone over the age of ten." The movie opened at number three its first weekend, a huge disappointment given its enormous budget, and quietly faded from there.
6. TOWN & COUNTRY

Net losses, inflation adjusted: $115,352,672
Total cost: $105,000,000
Worldwide theater gross: $10,372,291
Net losses (actual): $94,627,709
Town & Country was a 2001 ensemble comedy starring Warren Beatty, Goldie Hawn, Diane Keaton and Garry Shandling. Ensemble comedies are relatively inexpensive to make, as there’s no CGI or full-scale replicas of the Titanic to pay for.
But Beatty demanded a huge number of takes for each scene, and the script was still being re-written as the movie was shooting, pushing the production behind schedule. Shandling and Keaton both had to leave the shoot before it was finished in order to do other films, and it would be a year before the cast reunited to finish it.
Three years after filming began the movie was released, receiving severe thrashings from critics and audiences alike. Ultimately it lost close to $100 million, making it one of the most unsuccessful movies of all time.
5. THE 13TH WARRIOR

Net losses, inflation adjusted: $125,887,312
Total cost: $160,000,000
Worldwide theater gross: $61,698,899
Net losses (actual): $98,301,101
The 13th Warrior was a movie about Vikings, Arabs and the pre-human bear people who eat them. Originally based on a Michael Crichton novel with the sure-to-please title Eaters of the Dead, the movie did badly with test audiences, prompting Crichton to take over for original director John McTiernan and re-shoot several scenes.
The entire enterprise delayed the movie for a year and exploded the budget to $160 million, almost twice its original size. The movie performed modestly at the box office, but nowhere near what it needed in order to make its money back.
Legendary actor Omar Sharif, who appeared in the film in a small role, was so enraged by the experience that he didn’t act again until 2003.
4. SAHARA

Net losses, inflation adjusted: $133,141,605
Total cost: $241,000,000
Worldwide theater gross: $119,269,486
Net losses (actual): $121,730,514
Sometimes, a movie doesn’t have to be a flop to be a bomb. Take Sahara, the globe-hopping 2005 adventure vehicle starring Matthew McConaughey and Penelope Cruz. It opened at number one, made $18 million its first weekend and earned a respectable $119 million at the box office, statistics that would make almost any filmmaker happy.
But in the case of Sahara, it represented box office disaster, since its budget of $241 million was more than twice what the movie took in. Originally intended as the first in a franchise, its failure at the box office made that impossible, a remarkable fate for a number one film that sold over $100 million in tickets.
3. THE ADVENTURES OF PLUTO NASH

Net losses, inflation adjusted: $134,396,524
Total cost: $120,000,000
Worldwide theater gross: $7,103,973
Net losses (actual): $112,896,027
The Adventures of Pluto Nash was a 2002 science fiction comedy starring Eddie Murphy that’s become legendary in the annals of box office bombs. The movie’s first script was written in the 1980s and was rewritten multiple times before it was finally turned into a movie.
The finished product was so badly made that it was shelved for two years before the studio released it, to almost universal critical disgust. When all the wailing and gnashing of teeth was over, it had earned $7.1 million against its $120 million cost, more than earning its reputation as one of the worst box office bombs in all filmdom.
2. THE ALAMO

Net losses, inflation adjusted: $134,784,016
Total cost: $145,000,000
Worldwide theater gross: $25,819,961
Net losses (actual): $119,180,039
There have been several popular movie depictions over the years of the 1836 battle at the Alamo, including John Wayne's 1960 version But the 2004 film of the same title starring Dennis Quaid and Billy Bob Thornton faced massive indifference on the part of audiences, many of whom were still going back to see The Passion of the Christ for the second or third time.
When all was said and done, The Alamo ended its theatrical run with earnings just shy of $26 million, and with a budget of $145 million, that meant that the movie had lost $120 million.
1. CUTTHROAT ISLAND

Net losses, inflation adjusted: $146,947,958
Total cost: $115,000,000
Worldwide theater gross: $10,017,322
Net losses (actual): $104,982,678
1995’s Cutthroat Island is the biggest financial disaster in all of movie history, a fact confirmed by the Guinness Book of World Records. That its star and its director still have careers is nothing short of remarkable.
Starring Geena Davis and directed by her husband, Renny Harlin, the feminist pirate movie was poorly reviewed, with multiple critics suggesting that those involved in making it should walk the plank. When all was said and done, the movie lost over $100 million, an unprecedented amount that bankrupted the studio that made it, Carolco Pictures.
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