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Warner stumbles, hopes to do better at box office

Warner Bros. has released five films in a row that have underperformed at the box office. The rocky start puts more pressure on forthcoming films to deliver.

March 21, 2013|By Daniel Miller, Los Angeles Times

The financial effect of Warner Bros.' poorly performing films is somewhat mitigated by the fact that the studio only served as a distributor and marketer on two of the movies: "Bullet to the Head," which was made by Dark Castle Entertainment, and "Beautiful Creatures," a fantasy film from Alcon Entertainment that has grossed $19.2 million domestically. And Warner Bros.' New Line Cinema division made "Burt Wonderstone" for just $32 million, though the film is a long way from being profitable.

The studio also shared the cost of the New Line-produced "Jack the Giant Slayer" with producer Legendary Pictures, and had a similar arrangement with Village Roadshow Pictures for crime film "Gangster Squad," which cost an estimated $60 million. That film grossed $46 million domestically but has been helped by a $53-million overseas take.

Robinov is hopeful a strong international run for "Jack the Giant Slayer," which has yet to open in all territories, will help it make up some ground. So far, the film has taken in only $37 million overseas. He also stressed films such as the August release "300: Rise of an Empire," and the next "Hobbit" picture, which will open in December, as key to the studio's overall success.

Said Robinov, "If this was the most successful quarter, I would still be talking about what comes up next."

daniel.miller@latimes.com

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