Dec 29, 2019 at 1:01 pm

'Cats' Is Set to Lose 'At Least $71 Million'

Cats is proving to be a major financial risk.

The much-buzzed about film, which has received major criticism from both critics and moviegoers in the past weeks, is set to lose “at least $71 million,” Deadline reported on Sunday (December 29).

“Our finance sources informed over this weekend that the Universal/Amblin/Working Title feature adaptation of the near $4 billion-grossing Andrew Lloyd Webber stage musical is bound to lose at least $71M — that is if the pic reaches a global box office result of $100M; meaning $40M stateside and $60M abroad. This is based off a production cost of $90M net–the pic was shot on soundstages in London–and a $115M estimated global P&A spend,” the report reads.

“Broken further out, total WW theatrical rentals, global free/pay TV and global home entertainment revenues including streaming are expected to total at least $155M. Home entertainment costs plus global P&A stands around $226M we’re informed. Universal wasn’t available for comment on these numbers.”

If you didn’t know, the film wasn’t even completed until days before the release date.

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Photos: Universal Pictures