Overview
- After two weekends in theaters the Tom Cruise–Alejandro González Iñárritu film has earned roughly $14.4 million in North America and $35.3 million worldwide, following an about 60% second‑week decline.
- Industry analysts now project cumulative theatrical losses around $245–$250 million based on reported production and marketing spending that trade outlets place near $350 million.
- Warner Bros. disputes the top break‑even figure and says its internal target is closer to $300 million, a gap that highlights disagreement over studio economics and theater revenue splits.
- Mixed critical and audience response — roughly 50–53% on Rotten Tomatoes and a C+ CinemaScore — weakened word‑of‑mouth and reduced premium bookings such as IMAX, hurting awards and downstream prospects.
- The scale and timing of the shortfall arrive as Warner Bros. undergoes executive turnover and a merger, raising questions about how the combined company will value risky, expensive original films and how much downstream streaming or PVOD can soften losses.