Disney Reportedly Suffered A Gargantuan Financial Loss On INDIANA JONES AND THE DIAL OF DESTINY

Disney Reportedly Suffered A Gargantuan Financial Loss On INDIANA JONES AND THE DIAL OF DESTINY

The box office numbers for Indiana Jones and the Dial of Destiny weren't great given the film's large production budget and we now know just how much money Disney lost on the film.

By MarkJulian - Apr 03, 2024 08:04 AM EST
Filed Under: Movies
Source: Forbes

When Indiana Jones and the Dial of Destiny debuted in theaters last year, Disney and Lucasfilm were depending on a sense of nostalgia to draw in seasoned moviegoers.

However, that didn't exactly come to pass as the film ended its theatrical run with $384 million at the global box office. Dial of Destiny carried a $295 million production cost so knowledgeable movie buffs were well aware that the latest Indiana Jones pic would be in the red.

It's somewhat baffling, given the fact that the film received favorable reviews from fans and critics alike.

Thanks to Forbes, who analyzed Disney's recently released financial statements, it's been revealed that Disney has told investors that the company lost  $134.2 million on the pic.

That number lines up when you remember that theater owners and film studios split box office revenue, meaning only $192 million of Dial of Destiny's box office haul actually returned to the studio.

Those financial statements also revealed that a sizable portion of the film's budget ($79 million) went to VFX cost, something that becomes a little more eye-raising given the fact that the movie features a digitally de-aged Harrison Ford.

The previous film, Indiana Jones and the Kingdom of the Crystal Skull was released in 2008 and grossed $790.7 million from a production budget of $185 million.

Prior to the Crystal Skull's release, there hadn't been an Indiana Jones film released since 1989. Maybe all the nostalgia points the franchise had left were swallowed up by that movie, because sentimentality clearly wasn't a winning ploy for Dial of Destiny.

Indiana Jones and the Dial of Destiny Official Synopsis: Harrison Ford returns as the legendary hero archaeologist in the highly anticipated fifth installment of the iconic “Indiana Jones” franchise, which is directed by James Mangold (“Ford v Ferrari,” “Logan”).

Starring along with Ford are Phoebe Waller-Bridge (“Fleabag”), Antonio Banderas (“Pain and Glory”), John Rhys-Davies (“Raiders of the Lost Ark”), Shaunette Renee Wilson (“Black Panther”), Thomas Kretschmann (“Das Boot”), Toby Jones (“Jurassic World: Fallen Kingdom”), Boyd Holbrook (“Logan”), Oliver Richters (“Black Widow”), Ethann Isidore (“Mortel”) and Mads Mikkelsen (“Fantastic Beasts: The Secrets of Dumbledore”).

Directed by James Mangold, the film is produced by Kathleen Kennedy, Frank Marshall and Simon Emanuel, with Steven Spielberg and George Lucas serving as executive producers.

John Williams, who has scored each Indy adventure since the original "Raiders of the Lost Ark" in 1981, is once again composing the score.

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Forthas
Forthas - 4/3/2024, 11:07 AM
You would think this franchise was failure proof. But on the other hand the studio drank its own Kool Aid by spending so much money on it!
MG0019
MG0019 - 4/8/2024, 9:17 AM
“Favorable reviews” - by who? Everyone in my circles, and the reviews I see all say the same thing. It’s a dull, boring movie.

Disney is really stuck in an ouroboros. They’ve alienated their core audience. They’re too busy chasing morals, and forgot that they’re a business.

Illumination & Dreamwoeks are rolling in the dough meanwhile. Super Mario, Minions, Kung Fu Panda, heck even Migration made money. Why, because they are fun. Puss In Boots showed you can have fun, inventive animation; while also telling a good story. It made loads of money.

I only mention the animations because it was Disney’s bread & butter. Same with Star Wars, MCU. And now it seems they’re too busy running Every property they own into the ground.

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