A24’s Elden Ring Film Reportedly Nears $200 Million Budget

Overview

• The Wall Street Journal, as reported by Dark Horizons, says the production budget is now estimated at nearly $200 million, a figure the studio has not officially confirmed.
• Principal photography wrapped after a four-month shoot that ran from April to July 2026 and the film is scheduled for release on March 3, 2028, indicating an extended, effects-heavy post-production period.
• Alex Garland is directing a cast that includes Kit Connor, Ben Whishaw and Cailee Spaeny, and George R. R. Martin is tied to the project through the game’s mythic source material co-created with FromSoftware’s Hidetaka Miyazaki.
• The reported budget would far exceed A24’s prior top expenditures (roughly $70 million) and follows the studio’s recent financing growth and a low-budget hit (Backrooms) that demonstrated outsized returns.
• Observers say the figure, if true, makes Elden Ring a high-stakes gamble for A24 because heavy VFX and marketing costs must be recouped at box office and streaming, so the industry will be watching post-production spend and distribution plans closely.