Mission: Impossible – Dead Reckoning’ Ends Domestic Run With Second-Lowest Franchise Earnings

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It’s the lowest haul since 2006’s ‘Mission: Impossible III’.

The domestic theatrical run of Mission: Impossible – Dead Reckoning Part One, which came to a close this week, will total $172 million. The film attempted to launch the summer blockbuster season before being swept away by a perfect storm of a Mojo Dojo Casa House and a Trinity Test, an improbable tally given the movie’s flawless word of mouth and critical acclaim. However, the film suffered from a number of circumstances both out of its control and those under its control.

Globally, the film is still playing overseas and will gross a touch more than its current $566 million cume, which still beats the first three outings of the series. The film was also lumbered with a gargantuan $290 million budget, which had ballooned as a result of a number of COVID-related issues and delays, as well as Tom Cruise’s noble insistence that the cast and crew be paid through the enforced hiatus as the production got to grips with what a mid-pandemic workplace would look like.

Fortunately for Paramount, the movie was able to secure a sizable insurance payout, which reduced their overall budget to around $220 million. This meant that, after advertising and exhibitor costs were considered, the movie would reach profitability, and deservedly so, as it was an engrossing blend of realistic stunt work, traditional spycraft, classic movie star moments, and a prescient plot based on the threat of artificial intelligence.

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What Happened to The Film’s Momentum?

A lot more money should have been made from this movie, but wasn’t. Dead Reckoning Part One was released in theaters just 10 days before “Barbenbeimer” in the middle of July, a move that Paramount, the studio that produced the film, probably regrets now. This decision not only cost Dead Reckoning Part One the opportunity to play on coveted IMAX screens to Christopher Nolan’s Oppenheimer, a movie that has since broken numerous records and earned more than $900 million worldwide, but it also severely damaged its chances of success, from which it never fully recovered. Recent sources even claim that IMAX tried to get Paramount to change the film’s release date.

Cruise and director Christopher McQuarrie are poised to potentially reclaim their former glory with the upcoming release of Mission: Impossible — Dead Reckoning Part Two next year. However, the film’s ability to maintain its scheduled June release date remains uncertain due to the disruptions caused by the ongoing SAG-AFTRA and WGA strikes. Adding to the uncertainty is the fact that filming for the movie has not yet been completed. You can catch our exclusive interview with McQuarrie here.

 

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