'Solo: A Star Wars Story' could lose $50M for Disney

Adjust Comment Print

Producer Simon Emanuel and cast members Joonas Suotamo, Thandie Newton and Chewbacca pose.

The new Star Wars spinoff movie, Solo, is looking like a commercial disappointment, at least in some regards. Through two weekends, "Solo's" haul of $148.9 million at the US box office and $264.2 million globally fell far short of expectations.

While a lot of fans didn't like Star Wars: The Last Jedi, it's argued the same applied to the George Lucas prequels, but that didn't stop Star Wars fans from continuing to see the films. This puts the total gross of Solo, including domestic and overseas theaters at $264 million, just barely passing the profitability margin for the film.

Nevertheless, Solo is expected to finish its theatrical run at $400 million globally.

All trade deals could be off, China warns US
Germany is also hoping its steel exports to the United States will be exempted from sanctions. The two countries have threatened tit-for-tat tariffs on goods worth up to $150bn each.

Paul Dergarabedian, the senior media analyst for comScore, thinks that all the media attention given to "Solo's" less-than-impressive opening weekend numbers could have actually negatively affected its second weekend earnings.

While that was enough to win "Solo" the weekend, the third frame of "Deadpool 2" didn't fall too far behind. With a domestic total of $254.7 million and a crowded marketplace with both "Solo" and "Avengers: Infinity War" surrounding it, "Deadpool 2" is still only about $30 million behind where the first film was in its third weekend. To date, the Ryan Reynolds-led sequel has made $255 million in North America. STX Entertainment's "Adrift" collected $11.5 million against a forecast of $13 million and budget of $35 million. The survival tale is based on a true story and scored 67 percent positive reviews, according to aggregator Rotten Tomatoes. By comparison, the last two "Star Wars" releases raked in more than $1 billion each. That brings its worldwide tally up to $1.96 billion, making it the fourth biggest release of all time. "If the franchise was able to survive Phantom Menace and Attack of the Clones, we have a hard time believing Last Jedi could have done that much damage", Creutz said. "I'm not sure it's so much that people aren't excited for additional stories", he explained, noting that the Marvel Cinematic Universe continues to churn out new adventures that do huge business at the box office.

FILE PHOTO: Director of the movie Ron Howard signs autographs at the premiere for the movie "Solo: A Star Wars Story" in Los Angeles, California, U.S., May 10, 2018.