The whip-cracking action star was the inspiration for Tomb Raider and the latest instalment in his long-running silver screen saga is set to debut in June. Ironically it came from MGM's new owner Amazon which started to look more seriously at the adventure genre when Disney put a fifth Indiana Jones move into production.
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It led to Vikander departing the project and the rights being put on the market through movie producer Graham King’s GK Films.Ī host of Hollywood studios are believed to have put in bids but one dwarfed them all. It is understood that MGM had until May 2022 to greenlight a Tomb Raider sequel but let this lapse. The company was founded in January 2020 but was then hit by the curveball of Covid which temporarily shuttered studios all over the world. Lovecraft Country showrunner Misha Green was set to write and direct it and $277,000 (£224,000) was spent on it by Raider 2 Productions in the UK. This proved the potential of the franchise to MGM so the studio seriously explored a sequel.
Key financial data for the 2018 Tomb Raider movie Caroline Reid using Flourish As shown on the graph below, this gave MGM approximately $137.4 million leaving it with a $39.6 million profit after deducting the net production costs. This was closer to the lower end of the budget estimates and the financial statements reveal that "the estimated total cost was within budget." This prudence paid off.Īccording to industry analyst Box Office Mojo, the movie, which was distributed by Warner Bros., grossed a total of $274.7 million worldwide with the theaters getting around half of that and the remainder going to the studio. MGM also received a $10.3 million (£8.3 million) cash refund from the UK government bringing Tomb Raider's net production costs to $97.8 million. The total spending was in line with the highest budget estimates reported for the movie but it doesn't stop there. The financial statements for Raider Productions reveal that a total of $108.1 million (£87.4 million) was spent on making Tomb Raider with one of the biggest costs being the $2.2 million (£1.8 million) spent on production staff which peaked at 56 people. MGM founded the company in 2016, five years before it announced that it had been acquired by Amazon for $8.5 billion.
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