Two of the biggest titles at the box office this summer could lose as much as $100 million. As reported by IGN, from an original report by Variety) Indiana Jones 5 and Mission Impossible 7 each cost around $300 million, with approximately $100 million spent on marketing expenses. After six weeks at the box office, Indiana Jones 5 pulled in $375 million, and Tom Cruise’s seventh Mission movie grossed $523 million.
Indiana Jones and the Dial of Destiny, Harrison Ford’s final adventure as the iconic adventurer, and Tom Cruise’s Mission Impossible 7: Dead Reckoning – Part One, had struggled to maintain a grip on the box office, since the profits gained in cinemas failed to break even against the cost of making them. The COVID-19 pandemic suspended productions and delayed release dates, causing budgets to inflate, while audiences had adjusted to watching films within the comfort of their homes.
The two blockbusters have had to further contend with the box office dominance of Greta Gerwig’s Barbie and Christopher Nolan’s historical epic Oppenheimer. The former has already grossed more than $1 billion at the box office, while Nolan’s latest picture secured $650 million worldwide. Dead Reckoning – Part One debuted in cinemas a week and a half after them, which affected box office polls.
“This summer is full of amazing movies to see in theaters,” Cruise recently wrote in a Twitter post. “Congratulations, Harrison Ford, on 40 years of Indy and one of the most iconic characters in history. I love a double feature, and it doesn’t get more explosive (or more pink) than one with Oppenheimer and Barbie.”
The FlickLuster summary of Dead Reckoning: Part One hailed it as “one of the best action films of all time.”
You can read the full review here.