- [Total: 4 Average: 2.5]
- Directed By: Michael Mann
- Written By: Morgan Davis Foehl
- Release Date: January 16, 2015
- Domestic Distributor: Legendary (through Universal)
- Cast: Chris Hemsworth, Leehom Wang, Viola Davis
Box Office Info:
|Budget: $70 million||Financed by: Legendary|
|Domestic Gross: $8,005,980||Overseas Gross: $11,659,879|
Blackhat was financed by Legendary Pictures and after a 30% tax rebate for filming in Malaysia and other tax incentive friendly locations, the budget was reported at $70 million. Legendary also footed the bill for the expensive marketing spend and used Universal’s distribution resources to release the picture. Universal received a fee for handling Blackhat.
Blackhat was dated for January 16, 2015 and it was reported in mid 2014 that it might land a limited Oscar qualifying run at the end of the year before expanding wide, but that was scrapped. Legendary supported Blackhat with an expensive domestic marketing campaign, spending $20.4 million on TV ads (as per iSpotTV) going into release and millions more after its opening, plus millions spent on print, online, radio, etc — with a stateside P&A spend north of $35 million. After the costly ad push and theaters taking their percentage of the gross, Legendary announced that they took a $90 million write down on the $70 million film — making Blackhat one of the biggest money losers ever.
With atrocious marketing material, most of which was overseen by Mann, including a terrible trailer that highlights the hideous cinematography that barely looks broadcast quality — the movie was not tracking well. Blackhat opened against The Wedding Ringer, Paddington and the wide expansion of American Sniper and received mixed to poor reviews. It had a disastrous opening at $3,901,815 — placing #10 for the weekend led by American Sniper. Audiences gave the pic a terrible C- cinemascore and Blackhat sank 57.3% in its second frame to $1,667,975 and was pulled out of all but 236 theaters going into its third weekend. It was quickly out of release with just $8,005,980.
After the poor domestic total, Legendary pulled the Australian theatrical release and dumped it straight to video. The offshore release pulled in just $11.6 million and most markets saw numbers well under $1 million. Legendary had a rough start in 2015 between the $90 million loss on Blackhat and an $85 million loss on Seventh Son. In January 2016, the Chinese company Wanda acquired Legendary for $3.5 billion and in their financial statements, which were attained by the hollywoodreporter, Legendary lost $555.6 million in 2015. Blackhat, Seventh Son, Steve Jobs and Crimson Peak contributed to the loss.