Squire
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I think I remember reading some tweets from DuneInfo’s Twitter earlier this year indicating the budget for Part 2 was about the same or a little higher than Part 1, but I could also see it being lower since a lot of pre-production work happened on Part 1 already, like @ThomasNicole said. I suppose it’s possible enough pre-production work was done already that more budget could be allocated to crafting and filming some truly epic scenes that top even Part 1. Fingers crossed!
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Part 2 is gonna be one of the fascinating films to follow at the box office in 2024. Still an open question as to just how well received it was in 2021 and whether it truly has a ceiling higher than $400M WW. I’m optimistic it can make $500M WW, but I do fear it may not have resonated with the GA the way I’d like. When it debuted on Netflix it was only on their top 10 for one week, for example, and trailer views haven’t been super high.
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Why is KOFTM being compared to Marvels? The bar for success of these movies is completely different. It’s irrelevant which film is a bigger bomb — Marvels is clearly the failure here. It is the $220-250M sequel to a movie that made $1.1 billion and it’s gonna be lucky to make $215M WW. Apple didn’t make KOTFM to make money at the BO. The theatrical release was a necessary concession in order to get Marty to make it for them. From Apple’s perspective, they now have a critical darling starring Leo they can use to promote their streaming service. Similar deal with Napoleon. Marvel, on the other hand, made Marvels to make money, and they are clearly going to lose a lot of money on this movie. It also has revealed that audiences don’t really have any interest in the characters.
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I’m not sure that’s the correct way to consider the $70M insurance payout. If you look at it as reducing the $290M budget, then break even using the 2.5x rule comes out to $550M. That being said, bomb or not, it’s a waste of everyone’s time arguing about the BO performance of a movie that came out 4 months ago. Marvels is the star of the bomb show right now.