TMNT, Star Trek Beyond and Ben-Hur could represent 560 million loss for Viacom

[Zontar]

https://www.thestreet.com/story/13679963/1/viacom-s-boardroom-battle-may-be-over-but-star-trek-could-add-to-paramount-woes.html

As the title suggests, Viacom is not doing particularly well with Paramount right now, with its three major block busters of the year projected to loose it well over half a billion dollars, dwarfing the financial catastrophe that was Sony's Ghostbusters.

This, coupled with other minor and mid budget movie flops such as Whisky Tang Foxtrot have left the studio and its parent in a seemingly bad position, one which may be even worst then the infamous problems at Sony's media empire where all but Sony Playstation is in the red.

While I don't foresee Paramount closing its doors, I do think that the 49% stake in the studio Viacom is trying to sell will need to be at a substantially lower price then they currently hope for.

 

[Zontar]

Hopefully, they'll take this as a lesson and develop more original summer blockbusters. Maybe people are finally getting sick of everything being a lousy remake, sequel or adaptation of a popular work.

We can only hope.

I also hope they learn to better manage their money and marketing. The marketing for Star Trek Beyond was atrocious, and the movie did not need a 185 million dollar budget.

The original 6 movies cost 172 million to make. Yes that isn't adjusting for inflation, but adjusting for inflation the Spoke Trilogy (2, 3 and 4) cost 124 million for all three, or an average of less then 42 million each. And the whole 6 movies cost 346 million when adjusted for inflation, which is under 58 million each. Meanwhile the reboots cost on average almost 172 million each, or nearly three times as much per movie.

 

[Laughing Man]

I also hope they learn to better manage their money and marketing. The marketing for Star Trek Beyond was atrocious, and the movie did not need a 185 million dollar budget.

Yup the weird thing is we had two types of Summer Blockbuster, the ones that we got info, trailer, pre trailer and then videos detailing just about every minute detail of the movie in the many many trailers (Suicide Squad I am looking at you here) and then you had the ones that seemed to get nothing Star Trek Beyond I am looking at you. It's almost like they didn't want to over shadow the teaser and info for Discovery which just happened to start appearing at the same time Beyond launched. As for TMNT, I am still confused as to weather that movie was ever released, I see adverts for products that are associated with the movie and I am sure I saw a release trailer for it at some point but weather it ever made it to a cinema, no idea.

The original 6 movies cost 172 million to make. Yes that isn't adjusting for inflation, but adjusting for inflation the Spoke Trilogy (2, 3 and 4) cost 124 million for all three, or an average of less then 42 million each.

and all of them were better than any of the new Trek saga.... well maybe not 1 and 5 but they are more than offset with some extra credit by 2, 4 and 6.

 

[Neverhoodian]

Ben-Hur...more like Ben-HURR-DURR, amirite?

I'd like to think this is a sign that audiences have finally had it up to here with all the goddamn reboots.

I also hope they learn to better manage their money and marketing. The marketing for Star Trek Beyond was atrocious, and the movie did not need a 185 million dollar budget.

Yup the weird thing is we had two types of Summer Blockbuster, the ones that we got info, trailer, pre trailer and then videos detailing just about every minute detail of the movie in the many many trailers (Suicide Squad I am looking at you here) and then you had the ones that seemed to get nothing Star Trek Beyond I am looking at you. It's almost like they didn't want to over shadow the teaser and info for Discovery which just happened to start appearing at the same time Beyond launched. As for TMNT, I am still confused as to weather that movie was ever released, I see adverts for products that are associated with the movie and I am sure I saw a release trailer for it at some point but weather it ever made it to a cinema, no idea.

I didn't even hear about the Ben-Hur remake until a few days ago when I happened to catch a commercial for it during my work break. You'd think they would have tried to push it harder, seeing as the original is still highly regarded.

 

[008Zulu_v1legacy]

Maybe to recoup the losses, Viacom will go on a YouTube trawl for content creators to sue.

 

[pookie101]

its not just them, its a case of them releasing so many big blockbusters full stop that none really have the chance to recoup the budget spent on them. next yeah will be even worse

 

[CrazyCapnMorgan]

Maybe to recoup the losses, Viacom will go on a YouTube trawl for content creators to sue.

Or, maybe they'll go bankrupt from continually not learning their lesson and copyright laws can get re-worked without someone's CEO getting their panties in a twist, thereby making content creation on internet sites fairly and evenly balanced as possible for all involved.

...hey, I can dream, all right?

 

[Breakdown]

Damn, after Ben Hur I was hoping for remakes of El Cid and The Rise and Fall of The Roman Empire.