Your funny. Buisness. Why would a studio want to go and give the go ahead for another movie? The Studios want to make profit. The 1st film opened to 30mil and grossed 83 mil. You dont make movies to earn 10mil the 1st week.
I usually only pay attention to business arguments from people who know how to spell, but let's run with it. Do you have any idea how many movies
don't make $10 million the first week? Blockbusters are not the norm in Hollywood and
I Want to Believe was never intended to be one. Only a fool budgets $30 million for a blockbuster.
Films that make a third of their budget back opening weekend are generally considered a success, because the typical box office matrix indicates they'll recoup most or all of their expenses theatrically, especially once overseas sales are taken into consideration.
I Want to Believe also had a tiny marketing budget, which mitigates against any silly claims the studio had blockbuster expectations and again means it has a very small hurdle to climb to break even.
Then we get to home video, where
The X-Files has proven so lucrative it's been released on DVD in three different formats (and some episodes have been released on DVD in
five different formats). Anyone who thinks the two films won't be hits on DVD and Blu-ray when they come out simply hasn't been paying attention. As far as the bean counters are concerned, the numbers for
I Want to Believe will clock in much higher than its $30 million budget across theatrical and home video over the next year.
Bingo. Successful project. Even if all those prospects are "disappointing" and ultimately generate $40 million across all streams, that's still a $10 million profit. Not a bad line item on the FOX spreadsheet. I assume you're rolling in dough since you turn up your nose.
Theres so many scripts out there and so many movies that get turned down.
Yep. Which means studios generally believe in the ones that don't. Did you know
FOX approached Chris Carter to ask for this one? It was a rush job to help them through the writers' strike but they never would have done it if they weren't convinced the project would ultimately make money. And of course it will, just not in the way armchair quarterbacks are conditioned to expect through their limited exposure to AICN and Entertainment Weekly.
Cris Carter was just shot down for a Milienium Movie.
Yep. And for obvious reasons. It's not a strong presence on home video. It isn't likely to recoup a significant portion of its budget theatrically. It has no international profile, which means foreign ticket sales and video licenses would be nil. All revenue streams you overlook in your quest for schadenfreude. Of course those in the industry understand differently, which is why George Lucas is sitting on a pile of money that has nothing to do with box office returns.
A word of advice - stop commenting on things you
clearly know nothing about. It only makes you look foolish.