Out Of Time
|Budget: $50 million||Financed by: MGM|
|Domestic Gross: $41,088,845||Domestic Distributor: MGM|
|Overseas Gross: $14,406,718||
Directed by: Carl Franklin
Produced by: Neal H. Moritz
After expensive flops like Rollerball, Hart’s War and Windtalkers, most of MGM’s new slate of pictures were under $20 million. The $50 million Out Of Time was the lion’s biggest investment in 2003, since they only partially covered the $52 million budget for Bulletproof Monk. MGM sold off most overseas territories, which limited their exposure to the budget to $20 million. Denzel Washington landed his first $20 million salary with Out Of Time and MGM opened the film in 3,076 theaters against School Of Rock. It came in a bit below expectations with $16,185,316 — placing #2 for the weekend led by School Of Rock. The film fell 46.9% the next weekend to $8,590,001 and followed that with a 53.4% tumble to $4,002,023 and closed its run with a disappointing $41,088,845. MGM would see back about $22.5 million after theaters take their percentage of the gross, which would not cover their P&A costs and leave their exposure to the budget in the red.
Out Of Time was a dud overseas, grossing just $14,406,718 across numerous distributors and with most markets pulling in less than one million.