It looks like big-budget films may be the hottest thing since sliced bread. Now, when we say big-budget, we are not talking about films with a budget around $100 million. Sure, that number may have used to be considered big-budget, but now it looks like studios are competing to see who can spend more on their films. Actually, there is a bit more to it than that, but when you have a highly anticipated film why not spend a little more nowadays?
is the latest film that shows large budgets can create large films.
Kong, Superman and Spider-Man-- The Gold Diggers
When Peter Jackson told Universal he would need just over $30 million more to complete King Kong, bringing the total somewhere near $210 million, the studio immediately threw money his way, as, let it be told, he is Peter Jackson. With early reviews that call Kong 'five-star', 'best film' and 'Oscar worthy', Universal is now ready to cash in on their investment. The general consensus, even in the midst of a 'box-office slump' seems to be shifting-- pick a few big hitters and spend big.
Many were shocked to hear how much Jackson had to spend to bring his life-long spectacle to the big screen. However, it looks like other studios, not wanting to seem cheap, have decided to jump on board and have picked their own blockbuster contenders to feature the $200M plus price tag.
A little over a month ago we had posted that Warner Bros had announced that the budget for Bryan Singer's (another director that can't seem to miss) Superman Returns has been set somewhere near $250 million. Holy man in blue tights! What did they have to do, gold plate ever set piece? However, Warner Bros can't help themselves. Superman Returns represents the revival of a very popular franchise (an investment dream) and the film is already the second most highly anticipated release here at CanMag.Com (sitting right behind Goblet of Fire, which has already come to theatres). Warner Bros knows they will get the lines on opening weekend, but it will take strong word of mouth for continued viewing and repeat visits.
So, what other highly-anticipated films will jump on the $200M bandwagon? Not wanting to show moth holes in their tights, Sony/Columbia Pictures has signed up another superhero for the position.
In an article printed over at TheHollywoodReporter, the agency reports that Columbia Pictures' Spider-Man 3 will feature a budget that is expected to go north of $250M. Did you say north of $250M? Is it possible that Sam Raimi will test the $300M mark? Damn, the film better be amazing; meaning no shots of Kirsten Dunst with her arms crossed in one segment and uncrossed in another (know the scene?).
Since Spider-Man 3 won't come to theatres until 2007, I guess we should have expected that they would go for the biggest budget.
Stay tuned for updates.