The new Will Smith action movie Gemini Man is expected to lose many millions of dollars. According The Hollywood Reporter, Gemini Man could lose $75 million or more following a slow start at the box office.
Gemini Man only made $20.5 million million in the US and Canada over its October 11-13 opening weekend. Worldwide, it’s made $118.7 million thus far. That is a lot of money, but the film had a reported production budget of $138 million in addition to $100 million or more in marketing costs.
The good news, if it can be called that, is that Gemini Man’s expected losses will be spread throughout at least four different companies. The movie was financed by Skydance Media, Paramount Pictures, Fosun, and Alibaba. Paramount and Skydance funded 35 percent each, with the China-based Fosun and Alibaba making up the remaining 30 percent (25 percent from Fosun and 5 percent from Alibaba, according to THR’s sources).
As THR notes, Paramount’s losses on the project will be mitigated by the fee it gets as the movie’s distributor. Fosun is distributing Gemini Man in China.
Gemini Man didn’t score the highest reviews from critics, though it was praised by some for its technical work with the digital de-aging of Will Smith and its very high 120 FPS frame rate. In the movie, Smith plays a hitman whose younger clone is out to kill him.
The movie was directed by Oscar winner Ang Lee, who previously made Hulk (2003), Brokeback Mountain (2005), and Life of Pi (2012).