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Thread
:
Snake Eyes: G.I. Joe Origins Movie Home Release Revealed
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08-18-2021, 07:13 PM
PanzerKrake
Crimson Guard
Join Date: Nov 2017
Location: FL
Posts: 1,412
Quote:
Originally Posted by
sbartek1974
I understand that. I'm not very knowledgeable in in all this but if it doesn't make sense to me I'm going to question it...
Snake Eyes: Released July 23...$35,000,000 Worldwide to date
The Suicide Squad: Released August 6...$118,000,000 Worldwide to date
If Snake Eyes made $118,000,000 just 12 days after being released I think we could say it was more of a success than what we are saying now. I mean, at least at $118,000,000 Snake Eyes would have more than broken even right?
Folks are saying that 118 for SS is a failure so it's a pretty poor comparison. GI Joe is still a weak franchise world wide.
And movie math traditionally is a movie has to make 3x it's budget at world wide box office to be profitable and go beyond break even point. This also highly depends how much they spent on marketing.
At a budget of 88 mil, Snake Eyes needed to make around 264 million to be a success or break even. The movie though does have one thing going for it and that it wasn't heavily marketed, unlike movies like Black Widow and others that had advertising going on and money being spent on marketing for a year, superbowls, and other big time expensive ads.....Snake Eyes only was marketed for about a month and a half.
Still the movie is gonna struggle to break even. It still has not opened in around 70% of international markets (Japan is in October, China has no date) so the movie still will bring in more money, but enough to break even is gonna be tough and unlikely.
But most movies are underperforming, even those doing "ok" are still being considered disappointments and some studios talking about delaying their films further. Jungle Cruise with a budget of 200 mil is a huge flop with it's numbers. Black Widow is going to be the weakest release for a marvel movie ever potentially, Fast and Furious 9 also under performed.
Even without Covid, would Snake Eyes have even broken even? Unlikely, it would have for sure made more money but I doubt it was gonna succeed with how bad it performed.
The reviews from critics who aren't GI Joe fans really didn't help, for a movie that has no real star power and not well known with many folks nowadays, they really needed critics to like the movie and the reviews for Snake Eyes were pretty bad
PanzerKrake
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