Sony Will Lose $70 Million+ on ‘Ghostbusters’; Sequel Now Unlikely

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Despite months of controversy and backlash, Sony‘s Ghostbusters reboot received mostly positive reviews from critics. However, the Paul Feig-directed relaunch, starring an all-female team of Ghostbusters, has been struggling at the box office. The movie has been in theaters for almost a month, and it has only grossed about $180 million worldwide. For a film with a $144 million production budget, this is alarming. Now, the reboot is officially a box office bomb.

According to The Hollywood Reporter, Sony is expected to lose over $70 million after Ghostbusters‘ financial letdown. The film still has to open in a few international markets, including Japan, but box office experts suggest that it will have difficulty reaching $225 million for its final worldwide gross. The studio said that, to break even, the movie has to gross $300 million.

When Ghostbusters first opened, Sony stated that a sequel “will happen.” But after this movie’s failure, a second film is highly unlikely. So, the future of the franchise is unclear. However, a rep says Sony is now “actively” pursuing an animated film, possibly for a 2019 theatrical release. This animated movie was first said to be in development last year, with Ivan Reitman producing. Additionally, an animated television show, Ghostbusters: Ecto Force, is targeting an early 2018 premiere.

But as for live action films, the future of Ghostbusters is in doubt. Despite the new movie’s cast signing on for sequels, it would be surprising if Sony moved forward, considering that this film flopped. Time will tell.

Stay tuned for more news as we have it.

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