Tom Cruise's Digger Now Stands to Lose $245 Million After 60% Second-Weekend Drop

Tom Cruise's Digger is now tracking to lose $245 million over its theatrical run, according to Variety, which cites knowledgeable sources. The estimate comes after the film dropped 60% in its second weekend, and it is up from the $150 million to $200 million loss that was projected after its opening. Our earlier reports on its opening and second weekend have more on the numbers.

Digger opened to $8 million domestically and about $20 million worldwide. After its second weekend, it has earned $14.4 million domestically and $35.3 million worldwide, according to Comic Basics. Variety expects it to finish with roughly $50 million globally.

The film cost an estimated $173 million to make and another $100 million to market, all financed by Warner Bros., according to TheWrap. Sources put the worldwide break-even point at about $350 million, though a studio spokesperson says it is around $300 million. Executives at Warner Bros.' new parent company, Skydance, told TheWrap that the loss could reach $250 million. You can read about the deal that created that company in our report on the merger.

Variety adds that a film with a major star and an acclaimed director would normally command an Oscar campaign of around $15 million, but that spending could be scaled back given the film's reception. Warner Bros. co-chiefs Mike De Luca and Pam Abdy left the company on the Friday Digger opened.

Hollywood figures including Anne Hathaway and Guillermo del Toro have publicly defended the film. For a different perspective, you can read our opinion piece on Digger.