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

A Wall Street Journal-based figure of nearly $200 million, if accurate, signals the indie studio is moving into blockbuster territory while raising large post-production and box-office demands.

Overview

  • Multiple outlets citing The Wall Street Journal report that the Elden Ring production budget has climbed to nearly $200 million, a figure A24 has not officially confirmed.
  • If accurate, that sum would make Elden Ring by far A24’s most expensive film to date, well above prior top budgets such as Marty Supreme at roughly $70 million.
  • Principal photography wrapped after an April–July 2026 shoot in the U.K., and the film remains in an extended post-production phase ahead of its March 3, 2028 theatrical release.
  • Industry coverage notes much of the time and cost will go to heavy visual effects and IMAX finishing, and that a film of this scale would likely need roughly 2.5 times its production budget at global box office to break even.
  • The project pairs director–writer Alex Garland with producer George R.R. Martin, a large ensemble cast, and comes as A24 expands into bigger-budget films with recent outside investment that helps explain the studio’s capacity to spend at scale.