THE NUTCRACKER IN 3D

The Nutcracker In 3D

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  Genre(s): Fantasy

• Directed By: Andrey Konchalovskiy
• Written By: Andrey Konchalovskiy, Chris Solimine
• Release Date: November 24, 2010
• Domestic Distributor: Cinemarket Films (through Freestyle Releasing)
• Cast: Elle Fanning, Nathan Lane, John Turturro
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Box Office Info:

Budget: $90 million	Financed by: Numerous Russian State Banks; Vneshekonombank Bank
Domestic Box Office: $195,459	Overseas Box Office: $15,983,500

The budget for The Nutcracker In 3D was $90 million and this expensive production landed equity financing from Russian state banks, plus tax incentives in Hungary.  Most of the budget was from the bank Vneshekonombank, which originally invested $50 million and then another $11 million for a 3D conversion.  The bankers lost over 90% of their backing on this fiasco.

The Nutcracker In 3D was designed as a prestige export for the global market and was filmed in English with an American lead and garnered little interest from major distributors in almost every territory outside of Russia and bottom of the barrel reviews across the globe did not help.  Most independent distributors who picked up this stinker had a hard time releasing the film into 3D theaters, with the limited amount of 3D screens already pre-booked for major studio releases.  The Nutcracker In 3D grossed an ok $13.7 million in Russia and just an additional $2 million from other offshore territories.

Cinemarket Films acquired US rights and distributed through rent-a-distributor Freestyle Releasing and opened The Nutcracker In 3D  in 42 theaters to a poor $65,944 with a $1,570 per screen average.  The Nutcracker In 3D expanded to 115 theaters to diminishing returns with $60,771 and was pulled out of release after just three weeks with $195,459 ending its disastrous worldwide run.  The Nutcracker In 3D went straight to video in key market France and most smaller markets.  This is one of the biggest bombs of all time.