Never tell me the odds!
After its second disappointing weekend in a row, Solo: A Star Wars story is set to lose over $50 million during its theatrical run.
Per The Hollywood Reporter, Solo could lose $50 million or more after factoring in a budget of over $250 million and a similarly expensive marketing push. As of its second Sunday in theaters, Solo’s domestic total has reached $148.9 million and its global run is stagnating at $264.2 million. Its first week in theaters proved to be financially disappointing, but its second week saw a further 65% drop in sales on top of this initial stagnation.
This projected loss comes from Wall Street analyst Barton Crockett, who believes Solo will lose more than $50 million, though other industry sources suggest that total loss could eventually be over $80 million, if these drops in ticket sales continue. Though Solo is currently at the top of the box office, it is expected to peak around $400 million globally.
Though massive by regular standards, raking in $400 million is minuscule for the Star Wars franchise, and it won’t be enough to overcome the bloated expenditures caused by reshoots and a major marketing push. In fact, this will likely mark Solo as the first major Star Wars movie to ever lose money, either for Disney or 20th Century Fox, the distributor of the original six films.
More than losing money for Disney, Solo’s disappointment is a surprise after The Last Jedi became the highest grossing movie in North America in 2017. Even Rogue One, the only other non-numerical Star Wars Story theatrically released by Disney, managed to gross over $1 billion worldwide.
Though Solo is underperforming at the box office, it’s received generally positive reviews. In our review, we said that Solo “commits to being a charming and fun exercise in repackaging nostalgia and pre-owned protagonists.” Though we don’t know what Solo’s disappointing numbers means for future Star Wars movies, we do know that Episode IX is set to release on December 20, 2019.
Colin Stevens is a freelance writer for IGN. Follow him on Twitter if Han shot first.