Hollywood Ending: Big Studios Cutting Losses… Showbiz 411 ^ | 21 Oct 2017 | Roger Friedman

Hollywood Ending: Big Studios Cutting Losses…
Showbiz 411 ^ | 21 Oct 2017 | Roger Friedman

Posted on 10/22/2017, 3:48:01 PM by Rummyfan

It’s a bizarre season in Hollywood. Almost nothing is “working,” and the studios can’t afford to waste any more money hoping things will turn around. They’re pulling flops from theaters earlier than usual.

This weekend, for example, Warner Bros. is putting out a white flag on “Blade Runner” after three tough weeks. They’ve cut the number of theaters showing Denis Villeneuve’s beautiful film by 855. So far, “Blade Runner” has made just $66 million. Audiences have not clamored to it. And now, week by week, Warners will quietly take it away.

Warner’s isn’t alone. Universal is pulling Tom Cruise’s “American Made” from 539 locations after a month in release. The Doug Liman directed thriller has made just $43 million. Good reviews haven’t helped push Cruise fans to theaters. One problem was lack of promotion since Cruise wasn’t available. Also, audiences may have just soured on him after “The Mummy” and other flops. With both studios, it wasn’t for lack of trying.

The biggest decease (de-crease, but pun intended here) is for the revived “Flatliners.” With just $16 million in the till, Sony would be better off paying people to see this turkey. They’re retreating from 1,433 theaters this weekend, leaving “Flatliners” to breathe on its own. It will be completely dead by Sunday.

(Excerpt) Read more at showbiz411.com

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