Keanu Reeves’ ‘47 Ronin’ Bombing: Universal Prepares for Major Loss

Studio confirms it took an unspecified writedown

Universal Pictures has acknowledged that “47 Ronin” is a loser, disclosing that it’s taken the ususual step of writing down some if its $175 million cost prior to the current quarter.

The samurai tentpole, starring Keanu Reeves, opened Christmas Day and is projected to earn under $20 million through Sunday — the worst debut for a $150 million-plus movie in 2013.

PHOTOS: Hollywood’s Biggest Flops of 2013

The film finished sixth on Thursday with a meager $3.4 million.

Internationally, “47 Ronin” has opened in 14 territories for a total of $10 million through Wednesday. Though the film’s opening two weeks ago in Japan was dire, it finished first in its Malaysia, Singapore, Thailand and Taiwan openings.

Universal, a unit of Comcast Corp., issued a statement confirming the writedown but did not disclose its size.

“Universal Pictures regularly evaluates its film slate for potential adjustment,” the studio said. “In the case of ’47 Ronin,’ we adjusted film costs in previous quarters and as a result our financial performance will not be negatively impacted this quarter by its theatrical performance.”

SEE ALSO: “The Hobbit” Sequel Crosses $500 Million Worldwide

Universal saw solid performances this year from “Fast and Furious 6” and “Despicable Me 2.” It’s finishing third in overall U.S. box office with more than $1.4 billion in grosses, trailing Warner Bros. and Disney.

Earlier this year, Disney took a writedown on “The Lone Ranger” after losing nearly $200 million on the Johnny Depp Western.

More Film

  • BEVERLY HILLS, CA - MAY 23:

    'Solo: A Star Wars Story,' 'Coco' Composers Honored at ASCAP Screen Music Awards

    Universal Pictures has acknowledged that “47 Ronin” is a loser, disclosing that it’s taken the ususual step of writing down some if its $175 million cost prior to the current quarter. The samurai tentpole, starring Keanu Reeves, opened Christmas Day and is projected to earn under $20 million through Sunday — the worst debut for […]

  • Morgan Freeman Sexual Harassment

    Morgan Freeman Apologizes Amid Sexual Harassment Accusations

    Universal Pictures has acknowledged that “47 Ronin” is a loser, disclosing that it’s taken the ususual step of writing down some if its $175 million cost prior to the current quarter. The samurai tentpole, starring Keanu Reeves, opened Christmas Day and is projected to earn under $20 million through Sunday — the worst debut for […]

  • Incredibles 2

    Box Office: 'Incredibles 2' Tracking for Supercharged $140 Million Opening

    Universal Pictures has acknowledged that “47 Ronin” is a loser, disclosing that it’s taken the ususual step of writing down some if its $175 million cost prior to the current quarter. The samurai tentpole, starring Keanu Reeves, opened Christmas Day and is projected to earn under $20 million through Sunday — the worst debut for […]

  • Movistar +, Netflix, Set Carriage Partnership

    Movistar +, Netflix Strike Carriage Partnership

    Universal Pictures has acknowledged that “47 Ronin” is a loser, disclosing that it’s taken the ususual step of writing down some if its $175 million cost prior to the current quarter. The samurai tentpole, starring Keanu Reeves, opened Christmas Day and is projected to earn under $20 million through Sunday — the worst debut for […]

  • Morgan Freeman Sexual Harassment

    Morgan Freeman Accused of Sexual Harassment by Multiple Women

    Universal Pictures has acknowledged that “47 Ronin” is a loser, disclosing that it’s taken the ususual step of writing down some if its $175 million cost prior to the current quarter. The samurai tentpole, starring Keanu Reeves, opened Christmas Day and is projected to earn under $20 million through Sunday — the worst debut for […]

  • IBI_1851.NEF

    Film Review: 'Ibiza'

    Universal Pictures has acknowledged that “47 Ronin” is a loser, disclosing that it’s taken the ususual step of writing down some if its $175 million cost prior to the current quarter. The samurai tentpole, starring Keanu Reeves, opened Christmas Day and is projected to earn under $20 million through Sunday — the worst debut for […]

  • Harvey Keitel, Pavel Lungin Talk Russia

    Harvey Keitel, Pavel Lungin Talk Russia and Israel on Set of 'Esau'

    Universal Pictures has acknowledged that “47 Ronin” is a loser, disclosing that it’s taken the ususual step of writing down some if its $175 million cost prior to the current quarter. The samurai tentpole, starring Keanu Reeves, opened Christmas Day and is projected to earn under $20 million through Sunday — the worst debut for […]

More From Our Brands

Access exclusive content