'Disclosure Day' Opens at No. 1 with $44 Million, Below Studio Profit Expectations
By
Rebecca Rubin
A good honest bake. Not flashy, but you'll finish the whole bagel.
Summary
Steven Spielberg's sci-fi film "Disclosure Day" opened at No. 1 with $44 million domestically, exceeding estimates of $35 million but falling short of the $50 million rival studios expected. With a production cost of $115 million and $80 million in marketing, the film needs approximately $300 million globally to break even. Critics reviews are solid.
Key quotes
· 4 pulledDisclosure Day, a sci-fi adventure from Steven Spielberg, opened to No. 1 at the domestic box office with $44 million from 3,824 theaters.
Those ticket sales were above estimates of $35 million, though below the $50 million that rival studios argue a film of this scale should earn in its debut to justify its price tag.
Disclosure Day, one of the summer's biggest gambles, cost $115 million to produce and $80 million to market.
Since theaters keep about half of revenues, Disclosure Day needs to earn about $300 million globally to be profitable.
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