Lifestyle'The Matrix Resurrections' estimated to lose Warner Bros. $100M

‘The Matrix Resurrections’ estimated to lose Warner Bros. $100M

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the matrix resurrections

Photo via Warner Bros.

Even though several titles have broken the mold to find major box office success since the onset of the pandemic, the number of bombs is dangerously close to equaling the amount of surefire hits.

For every Spider-Man: No Way Home, Venom: Let There Be Carnage, No Time to Die, Dune, or Fast & Furious 9 that brings in big bucks, there’s a Space Jam: A New Legacy, The Suicide Squad, Tenet, or Raya and the Last Dragon that fails to turn a single penny of profit in theaters.

We can add The Matrix Resurrections to that list, too, with the HBO Max hybrid barely scraping past $100 million globally since hitting the big screen and streaming on December 22, not ideal when the sci-fi actioner’s budget is estimated to be hovering around the $190 million mark.

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When you factor in the additional costs incurred by marketing, promotion, and distribution, it does not paint a pretty financial picture. As per World of Reel, Resurrections could end up in the red to the tune of at least $100 million by the time the dust settles, so you get why neither director Lana Wachowski or star Keanu Reeves have hardly been clamoring to state their desire for additional sequels.

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2 Comments

  1. I don't understand how they do the math with streaming.

    In a way, you can say that everyone who is an HBO subscriber has already paid for the Matrix Resurrections. Obviously you don't have to watch it immediately, since it's now part of the streaming service catalogue, so unlike a movie theater where all people who intend to see the movie must watch it before it leaves the cinema, all HBO max subscriber can just think: cool new matrix, I should watch that eventually, and continue being happy subscriber even if they don't watch it yet (like me).

    So for me, this is building a catalogue. I'm sure they have things like immediate conversion, how many subbed and The Matrix Resurrection was their first thing they watched, etc.

    But basically, I think it's a very different formula, and it's probably a lot harder to figure out what success means and how important The Matrix Resurrection is to HBO Max's growth and continued subs.

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