We told you last week that Universal’s big-screen adaptation of ‘Cats‘ was not performing well at the box office. The reviews for this movie have been terrible. It sits at a 19% rating on Rotten Tomatoes, and some critics called it the worst film of the yer.
The movie, which was directed by Oscar winner Tom Hooper, has made just $38 million globally after two weeks inside theaters.
After its disappointing $6.5 million domestic debut ahead of Christmas, ‘Cats’ failed to gain any traction during the busiest time of year for moviegoing. In its sophomore outing, the film was relegated to No. 9 on box office charts, scraping together $8.7 million over the five-day holiday frame.
Cats cost $100 million to produce and set the studio back an additional $100 million for global marketing and distribution fees.
Insiders say Universal could lose $100 million in total, which would be a pretty huge flop.
The good news is that the studio had some success earlier this year with ‘Hobbs & Shaw‘ and How To Train Your Dragon 3, which combined to make well over $1 billion.
So yeah, they can handle this $100 million loss.