Follow us on Google News
Get the latest updates directly in your Google News feed
Star Wars: The Force Awakenswas the start of a brand new Star Wars era. However, critics and fan reactions to the Sequel Trilogy weren’t as positive as Disney would have hoped for. While a lot went wrong during the production of the sequel movies, it can’t be denied that the new era got a great start withThe Force Awakens. After all, it made $2.1 billion as per Box Office Mojo. With that earning, one would expect Disney to be rolling in cash. However, reportedly, the house of mouse took home only a quarter of that.
Disney Takes Home Over $500 Million OnStar Wars: The Force Awakens
In a recent report by Forbes, the outlet revealed thatDisneytook home $588.2 million ofStar Wars: The Force Awaken’sprofits. After all, it did spend a whopping amount on making the film as well. As per the site, the company spent $533.2 million on its budget. That number easily makes the film the big-budgeted project of all time. However, earning a profit of only about half a billion on an extravagantly budgeted movie that actually made $2.1 billion at the box office, might seem less. But it makesThe Force Awakensthe top-performing film among Disney’s Star Wars movies.
Read More:‘Craziest case of people gaslighting themselves’: Star Wars Fans Divided as New Fan Campaign Claims The Force Awakens Is a Good but Misunderstood Movie
What helped the film was the fact that Disney filmed it in the UK. Studios shooting there can be reimbursed for up to 25% of the expenses incurred. The film got $86.6 million reimbursed and that brought down the overall budget to less than half a billion at $446.6 million. As for the $2.1 billion earned at the box office, the theaters took away about half of it. So that ultimately left the house of mouse with $533.2 million. Forbes states that this actually makesThe Force Awakensa ‘tentpole’ film. As per the reputed site, this means:
“Tentpole is an industry term for a big-budget movie that makes enough income to compensate the studio for its less profitable productions. Few movies meet this description better than The Force Awakens.”
Even though the first Star Wars sequel film filled Disney’s coffers to the brim, the company never spent that extravagant amount on any other movie based in the galaxy far far away.
Check Out:Daniel Craig Reveals The Story Behind His Surprising Cameo In Star Wars: The Force Awakens
The OnlyStar WarsFilm That Lost Disney Money
Forbes reports that even though Disney pulled back budgets on subsequent Star Wars sequel films, their production costs still remained humungous. For example,The Rise of Skywalkerhad a mega budget of $503 million to the exact. However,The Last Jedi’sproduction cost was significantly pulled back to $362 million. Thankfully, all of the films made back their production money and then some more in profits. All, except one.Solo: A Star Wars Storyhad a sizeable budget of $330 million, but didn’t make it back.
Read More:“I want to be forgotten”: Adam Driver Wanted Fans to Forget His Star Wars Role, Feared His Hollywood Career Was Over After Disastrous Sequel Trilogy
As per the financial statements filed by the production company fundingSolo, the end cost of the film was higher than the agreed-upon budget. According to Forbes, $330.4 million was the budget for the movie. Since it was filmed in the UK, $59.6 million got reimbursed, which brought down the spending to a respectable $270.8 million. But the film flopped at the box office, making only $392.9 million. In the end, Disney was left with a loss of about $74.4 million.
Right now, multipleStar Warsfilms are reported to be in development. There’s one helmed by Patty Jenkins and another by Taika Waititi. But no release date has been announced yet. However, theStar Warsuniverse is in full swing on Disney+ with various shows likeThe Mandalorian,The Book of Boba Fett,Obi-Wan Kenobi, and the upcomingAhsoka. So now fans are just waiting for the galaxy far far away to rule the silver screens again.
The Mandalorianseason 3 is streaming on Disney+.
Source:Forbes
Ishita Chatterjee
Content Writer
Articles Published :752
Ishita is an Entertainment Writer at FandomWire, majorly focusing on TV shows, with over 700 articles published. She has been working in the entertainment and pop-culture niche for more than 4 years. With a English Literature degree, Ishita generally covers news and analyses on Foundation, Ted Lasso, Severance, and more.A lifelong DC fan, Ishita spends her time watching and re-watching everything in the DC universe (yes, even including the Arrowverse shows).
