The $71 Million Insurance Payout For Mission: Impossible 7 Boosts Tom Cruise’S Blockbuster’S Returns.

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Paramount Pictures confirms it received a substantial insurance payment thanks to Mission: Impossible – Dead Reckoning Part One’s COVID-19 delays.

Mission: Impossible – Dead Reckoning Part One nabbed Paramount Pictures a $71 million insurance payout, giving the action blockbuster’s overall earnings a welcome bump.

According to Collider, Paramount has announced it received £57 million (about $71 million) from insurance provider Chubb to cover losses sustained during production on the eighth Mission: Impossible flick owing to COVID-19 pandemic-related delays. The payment comes after Paramount sued Chubb in 2021 for allegedly failing to properly honor the studio’s policy, which was later settled in July 2022. The contents of the settlement were not publicized at the time, but Paramount’s recent payout announcement appears to reveal its outcome.

Mission: Impossible – Dead Reckoning Part One raking in an additional $71 million will no doubt put smiles on the faces of many Paramount executives, given the movie has struggled at the box office. The Tom Cruise-headlined espionage outing has to date netted $563.8 million in global ticket sales, which is considerably lower than the estimated $600 million it needs to cover its production and marketing costs. Dead Reckoning Part One’s box office performance is also relatively underwhelming compared to that of other Mission: Impossible installments, as it’s currently the franchise’s fourth highest (and lowest) grossing entry.

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M:I 7 Director Responds to Barbenheimer’s Success

Many Hollywood experts and pundits credit Mission: Impossible – Dead Reckoning Part One’s lower-than-expected earnings to intense competition with Barbie and Oppenheimer, both of which are set to premiere in July 2023. The two films profited from the viral cultural phenomenon known as “Barbenheimer,” in which spectators rallied behind the concept of watching Barbie and Oppenheimer together. While this very probably reduced the box office total for Dead Reckoning Part One, director Christopher McQuarrie recently stated that he “couldn’t be more delighted” by both movies’ phenomenal success.

In the same interview, McQuarrie also acknowledged complaints about the amount of exposition in Dead Reckoning Part One, arguing that taking this material out wouldn’t have made the film any better. “I know for a lot of people there’s too much exposition in the movie. You wouldn’t feel so if I took it all out,” he said. “You would trade exposition for confusion. And people who feel things are explained too many times, I congratulate you. You are the sharpest student in the class.”

Mission: Impossible – Dead Reckoning Part One is currently in cinemas, and will be available to stream via VoD platforms on Oct. 10, 2023.

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