No surprise, but it’s learned that Ant-Man and the Wasp: Quantumania is a bigger bust for Disney and Marvel than originally thought.
It was previously reported the flick had a budget of around $200 million, but that’s not even close, as it’s learned the budget was actually well over $300 million.
So with Quantumania only grossing $476 million at the box office, that’s a big loss for Disney, not to mention the loss with fans as a lot of them also didn’t like the movie.
Actual budget is $326.6 million
Forbes offers up the details and reports the Ant-Man and the Wasp: Quantumania budget soared to nearly $330 million. Take away around 50% in ticket sales for movie theaters and whatever was spent on marketing, and Quantumania bombed big time.
The site got ahold of a report out of the UK that listed the budget, as the UK provided Marvel tax credits for the film.
According to the report discovered by Forbes, Marvel went over budget on the flick by $131.9 million on post-production, with the final budget being $326.6 million, 63.3% higher than the previous estimate.
Where is the money going???
The news is surprising as the CGI and special effects aren’t any good, particularly with MODOK and some other characters and scenes. Where’d the money go? (likewise, She-Hulk and Secret Invasion are said to have cost $200 million each — again, where’s the money going???).
Doing a bit of math with the $326.6 million budget: They made 50% in ticket sales (half of $476 million), so that’s $238 million plus the UK’s tax credit of around $50.6 million, so that’s a potential $288.6 million. That could mean a loss of over $38 million.
If marketing isn’t included in the film’s $326.6 million budget, that loss could swell to even more, possibly over $100 million (it has been reported Disney spent $200 million for marketing Avengers: Endgame).
Disney and Marvel need to do a better job
Following Quantumania bombing at the box office is when Disney CEO Bob Iger said Disney is pulling back on Marvel.
Iger also recently said there isn’t superhero fatigue but they need to make better projects.
“A lot of people think it’s audience [superhero] fatigue. It’s not audience fatigue. They want great films. And if you build it great, they will come,” he said last month. “We got to return to something akin to that. And I actually am confident that we will.”
Disney also lost $200 million when The Marvels bombed at the box office.
