You will be redirected back to your article in seconds

Did Exhibs Overestimate ‘Godfather III’?

Though “Godfather III” is doing twice the business of “Godfather II” and is on its way to grossing a healthy $80 to $90 million, some theater owners are grousing, and even talking about dropping it ahead of schedule. That’s because “Godfather III” was sold aggressively to exhibitors on a complicated formula structured around the gross of the Par blockbuster “Indiana Jones And The Last Crusade.” Exhibs, who coveted the pic, jumped at the deal. But now they’re disappointed by the way business has fallen off.

Like “Godfather II,” “III” could build momentum if it wins Oscars, or at least gets a swarm of nominations. Still, noms are a month away, and Warner Bros. is planning a rerelease of its acclaimed mob saga “Goodfellas.” One source reasoned that between receipts and concession biz, exhibs did so well from Par’s long-running “Ghost” that chains can’t complain too loudly. Sources said the studio asked exhibs to hang in until Jan. 18, so a dropoff in theaters starting this weekend can be expected. A spokesman said the studio never comments about its relationship with exhibitors.

More News

  • The Mummy

    Tom Cruise Becomes First Actor to Receive Pioneer of the Year Award

    Though “Godfather III” is doing twice the business of “Godfather II” and is on its way to grossing a healthy $80 to $90 million, some theater owners are grousing, and even talking about dropping it ahead of schedule. That’s because “Godfather III” was sold aggressively to exhibitors on a complicated formula structured around the gross […]

  • Joy Reid Hillary Clinton NYC Power

    Joy Reid's Attorney: FBI Opens Investigation Into Hacking Allegations

    Though “Godfather III” is doing twice the business of “Godfather II” and is on its way to grossing a healthy $80 to $90 million, some theater owners are grousing, and even talking about dropping it ahead of schedule. That’s because “Godfather III” was sold aggressively to exhibitors on a complicated formula structured around the gross […]

  • Tiffany Haddish Lego Movie

    Tiffany Haddish Cracks up CinemaCon for 'Night School,' Tyler Perry Movie

    Though “Godfather III” is doing twice the business of “Godfather II” and is on its way to grossing a healthy $80 to $90 million, some theater owners are grousing, and even talking about dropping it ahead of schedule. That’s because “Godfather III” was sold aggressively to exhibitors on a complicated formula structured around the gross […]

  • Jim Gianopulos and Tom CruiseParamount Pictures

    Tom Cruise Wows CinemaCon With Story of 'Mission: Impossible -- Fallout' Stunt

    Though “Godfather III” is doing twice the business of “Godfather II” and is on its way to grossing a healthy $80 to $90 million, some theater owners are grousing, and even talking about dropping it ahead of schedule. That’s because “Godfather III” was sold aggressively to exhibitors on a complicated formula structured around the gross […]

  • Bill CosbyCriminal charges against Bill Cosby

    Bill Cosby Retrial: No Verdict Reached, Jury to Reconvene Thursday

    Though “Godfather III” is doing twice the business of “Godfather II” and is on its way to grossing a healthy $80 to $90 million, some theater owners are grousing, and even talking about dropping it ahead of schedule. That’s because “Godfather III” was sold aggressively to exhibitors on a complicated formula structured around the gross […]

  • JJ Abrams'Westworld' TV show premiere, Arrivals,

    'Overlord' Not 'Cloverfield' Movie, Says J.J. Abrams

    Though “Godfather III” is doing twice the business of “Godfather II” and is on its way to grossing a healthy $80 to $90 million, some theater owners are grousing, and even talking about dropping it ahead of schedule. That’s because “Godfather III” was sold aggressively to exhibitors on a complicated formula structured around the gross […]

  • Jim Gianopulos'Downsizing' film premiere, Arrivals, Los

    Paramount Chief Jim Gianopulos Touts Turnaround, Acknowledges Years of Flops

    Though “Godfather III” is doing twice the business of “Godfather II” and is on its way to grossing a healthy $80 to $90 million, some theater owners are grousing, and even talking about dropping it ahead of schedule. That’s because “Godfather III” was sold aggressively to exhibitors on a complicated formula structured around the gross […]

More From Our Brands

Access exclusive content