Paramount Anticipates $115 Million Loss On ‘Monster Trucks’ 3 Months Before Release

Around a month ago, we showed you the first trailer for the film, Monster Trucks. Honestly, the film looked to be almost as big a joke as the recent Kevin Spacey cat movie, Nine Lives. Amazingly, both films are real, and will be really big losses for their studios when all is said and done.

To date, Nine lives has earned just over $19 million since its release in August. With a cast that includes Spacey, Jennifer Garner, Cheryl Hines, and Christopher Walken along with MIB director Barry Sonnenfeld behind the camera, I have to imagine that the box office take doesn’t even cover talent contracts. Of course, that was for EuropaCorp. Monster Trucks, on the other hand, is coming to us from Paramount.

While not quite as A-List, the cast for the film still includes some relatively heavy hitters like: Jane Levy, Rob Lowe, Amy Ryan, Holt McCallany, Barry Pepper, Tucker Albrizzi, Danny Glover, and Frank Whaley. Add to that, the fact that Paramount didn’t get the benefit of a new Mission Impossible or a new Transformers film this year, they had to be hoping that this movie would make up at least a little bit of the difference.

THR is now reporting that there really is no joy in mudville. According to reports, the studio has essentially written of the film long before it’s January, 2017 release. Listing it as a “a programming impairment charge,” the studio has posted an anticipated lost of $115 million.

Looking for any way to get away from the life and town he was born into, Tripp (Lucas Till), a high school senior, builds a Monster Truck from bits and pieces of scrapped cars. After an accident at a nearby oil-drilling site displaces a strange and subterranean creature with a taste and a talent for speed, Tripp may have just found the key to getting out of town and a most unlikely friend. Melding cutting edge visual effects and state-of-the-art CGI, Monster Trucks is an action filled adventure for the whole family that will keep you on the edge of your seat and ultimately touch your heart.

Source: THR