Box-Office Failure: ‘King Arthur’ Could Lose $150M After Bombing Worldwide, Warners Desperate For ‘Wonder Woman’ Win

Knights of the Round Table: King Arthur
It seems like a headline for Paramount or Sony Pictures, not Warners.  But it is a total disaster over at the studio in the Valley.  It appears that  anxious executives at Warner Bros. were hopeful that director Guy Ritchie’s King Arthur: Legend of the Sword would open to at least $25 million in North America and overperform overseas, where historical action epics can often conquer audiences.
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It wasn’t to be. The dark origins tale about the mythical medieval king fell on its sword at the box office over Mother’s Day weekend, earning just $15.4 million domestically — slightly ahead of Sunday’s $14.7 million estimate — and a dismal $29.1 million from its first 51 foreign markets, including bombing in China with $5 million. While the event film has yet to land in other major territories, including the U.K., the forecast is grim.

 

King Arthur, starring Charlie Hunnam in the titular role, could lose $150 million or more for partners Warners and Village Roadshow after costing $175 million to make before a major marketing spend, according to box-office experts who say the movie isn’t likely to earn more than $145 million globally (studios only get half back in box-office receipts in the U.S, and even less overseas)

The coming weeks will be crucial for Warners’ marketing and production team as it launches summer tentpole Wonder Woman on June 2 and Christopher Nolan’s World War II action-epic Dunkirk on July 21.
Written By: Tommy Lightfoot Garrett
Photographs are Courtesy:   Warner Bros.
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