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Big Budget Bombs Mean Hollywood Movies Need a New Business Model, Says Variety’s Peter Bart

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Big Budget Bombs Mean Hollywood Movies Need a New Business Model, Says Variety’s Peter Bart

Big Budget Bombs Mean Hollywood Movies Need a New Business Model, Says Variety’s Peter Bart
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Big Budget Bombs Mean Hollywood Movies Need a New Business Model, Says Variety’s Peter Bart

by DailyTicker 5:09 mins

The bigger is better mantra that's been driving Hollywood studios in recent years is no longer working. Many of the summer blockbusters costing $100 million or more have failed at the box office including “The Lone Ranger” and “White House Down.” And this past weekend "Lee Daniel’s The Butler,” about a White House butler who served eight U.S. Presidents, led at the box office on its opening weekend, taking in about $25 million, or roughly what it cost to produce.

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