After making quite the controversial spin into cinemas, Cats is set to lose Universal $71million (£54m), according to reports.
The film, which is based on the Andrew Lloyd Webber musical of the same name, only managed to gross $6.5m (£5m) in the United States on its opening weekend against its $95m (£73m) budget, and has notably received scathing reviews from critics, who criticised the film’s plot and use of ‘digital fur technology’.
Now, according to Deadline, finance sources have claimed the Universal title is ‘bound to lose $71m’ – if the flick reaches the $100m (£76m) box office mark ($40m [£30m] domestic, $60m [£45m] abroad).
The publication claimed ‘this is based off a production cost of $90m (£68m) net and a $115m (£87m) estimated global P&A (publicity and advertising) spend’.
According to Box Office Mojo, the film has currently grossed just over $38m (£28m) at the worldwide box office, after its 20 December opening.
The Tom Hooper-directed musical fantasy, which stars the likes of James Corden, Idris Elba and Taylor Swift was slammed by critics with one claiming it was the ‘worst thing to happen to cats since dogs’.
The film currently has an average of just 20% on Rotten Tomatoes (an improvement on its previous 19%, at least) but for Jason Derulo, who plays the Rum Tum Tugger, what the critics have to say is insignificant.
‘Reviews don’t matter,’ the singer-turned-actor insisted. ‘At the end of the day, the people are going to go see it, there’s going to be a deportation to another dimension.
‘When it came out on Broadway, it was the same thing, people were like, “what is this, this is something totally different”.’
He continued to TMZ: ‘Anytime that you defy the rules there’s going to be some pushback, obviously.
‘It’s an incredible piece of art done by some of the best people in the world.
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‘Tom Hooper’s a class act and I don’t think there’s another director out there who’s more classy than he is.
‘I’m just excited for the people to actually see it, because reviewers, what the hell do they know? Have they made a film ever in their lives?’
Metro.co.uk contacted reps for comment.
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