×
You will be redirected back to your article in seconds

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

  • Lady GagaGovernors Awards, Arrivals, Los Angeles,

    Lady Gaga Still Not Back Home in Malibu After Fire

    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 […]

  • Emily Blunt is Mary Poppins in

    Oscars: Disney's 'Mary Poppins' Returns, at Just the Right Time

    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 […]

  • IDFA Guest Of Honor Helena Trestikova

    IDFA Guest Of Honor Helena Trestikova: ‘Uncertainty Is My Slogan’

    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 […]

  • Pablo Ferro Dead: Title Designer Was

    Pablo Ferro, Legendary Title Designer for 'Dr. Strangelove,' Dies at 83

    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 […]

  • 'Fantastic Beasts 2' Foreign Box Office:

    'Fantastic Beasts 2' Dominates Overseas Box Office With $191 Million Launch

    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 […]

  • IDFA: ’Border Fence’s’ Nikolaus Geyrhalter -

    IDFA: ’The Border Fence’ Director Nikolaus Geyrhalter on Building A Divided Europe

    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 […]

  • The crowd watch Coldplay perform. One

    Film Review: 'Coldplay: A Head Full of Dreams'

    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