Warner Bros. could lose as much as $150 million on “Pan,” the big-budget action-adventure that crashed on takeoff this weekend, earning just $15.5 million in the North American box office.
The Hollywood Reporter, which obtained the loss estimate from unnamed “analysts and box-office experts,” notes the Joe Wright film also performed poorly overseas, pulling in a feeble $20.4 million.
“Pan’s” last hope could be China, where the film opens Oct. 22. A strong performance there likely won’t make the film a hit, but it would at least ease Warner Bros.’ burden. China certainly made all the difference to “Terminator Genisys,” which bombed in North America (although the franchise’s future is still being “re-adjusted”).
The film’s failure adds to a fairly dismal year for Warner Bros., which has endured both high-priced bombs, like “Jupiter Ascending” and “The Man From U.N.C.L.E.,” and smaller-scale disappointments, like “Entourage” and “Run All Night.” “American Sniper” and “San Andreas” have been among the relatively few bright spots on its calendar.
As bad as “Pan’s” loss might be, it’s still not quite “John Carter”-bad: The 2012 Disney film lost $200 million and precipitated the resignation of studio chairman Rich Ross.
Starring Hugh Jackman, Garrett Hedlund, Rooney Mara and Levi Miller, “Pan” is playing in theaters nationwide.
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