Yes, you read that right. Billionaire Boys Club, starring Kevin Spacey, made just $126 at the box office during its opening weekend.
The film opened Friday in only 10 theaters in the U.S.
Despite its all star cast — including Ansel Elgort, Taron Egerton, Emma Roberts, Jeremy Irvine, Cary Elwes, Judd Nelson, and Billie Lourd — it brought in an abysmal $126 in total.
The Hollywood Reporter breaks down the numbers: each location averaged $12.60, which is approximately less than two tickets per viewing if the average cost of a ticket is $9.27.
The movie is based on the real Billionaire Boys Club, an infamous social club that convinced the sons of wealthy Southern Californian families to get rich quick with Ponzi schemes in the 1980s.
Billionaire Boys Club was filmed in 2015, before Spacey was accused of sexual assault in late 2017. Since the survivors' #MeToo stories came to light, Spacey has been dropped from Netflix's House of Cards and was replaced in All the Money in the World.
But Spacey's role in Billionaire Boys Club wasn't scrapped — its distributor Vertical Entertainment told TheWrap that they hoped the "distressing allegations pertaining to one person's behavior ... do not tarnish the release."
According to the statement, Vertical Entertainment doesn't condone sexual harassment, but added that they "believe in giving the cast, as well as hundreds of crew members who worked hard on the film, the chance to see their final product reach audiences."
It would appear that Kevin Spacey is no longer the box-office draw he once was.
“Billionaire Boys Club” — which, unlike “All the Money in the World,” did not replace Kevin Spacey with Christopher Plummer after the two-time Oscar winner was accused of sexual misconduct late last year — didn’t exactly live up to its title this weekend. The financial thriller made a paltry $126 on its opening day, when it opened in 10 theaters across the country; it’s been available via VOD since the end of July.
In June, Vertical Entertainment released a statement explaining why it was moving ahead with the film’s release in spite of Spacey’s presence. “We hope these distressing allegations pertaining to one person’s behavior — that were not publicly known when the film was made almost two-and-a-half years ago and from someone who has a small, supporting role in Billionaire Boys Club — does not tarnish the release of the film,” it reads in part. “In the end, we hope audiences make up their own minds as to the reprehensible allegations of one person’s past, but not at the expense of the entire cast and crew present on this film.”
Spacey has no further projects in development at this time. He played Gore Vidal in the Netflix biopic “Gore,” which had already been completed at the time of the first wave of accusations against him; the streaming giant chose not to release it.
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A huge opening for Crazy Rich Asians meant smaller openings for the other newbies this weekend. First, a bit on that Kevin Spacey flick that opened via contractual obligation in just ten theaters. Yes, it earned well under $1,000 over the weekend (it made just $126 on Friday) which is awful even for a film that's been on VOD for the last month. But, it has been on VOD for the last month. And Vertical Entertainment certainly shouldn't have expected a big payday for the "James Bond Jr." version of Wolf of Wall Street even absent Kevin Spacey being implicated in decades of unwanted sexual harassment and assault.
But, yeah, while the Ansel Elgort/Taron Egerton 1980's financial scandal flick isn't the worst thing ever made (I watched it on my laptop while I did the dishes and made lunch in case I needed to talk about it), it was never the kind of movie that was going to break out in 2018. That's unfortunate since it's a movie-movie, complete with a decent budget, a fine cast and solid production values. Absent the Kevin Spacey situation, it's a squarely "okay" movie that is absolutely worth the VOD rental fee if you're so inclined. Ironically, Spacey is terrific in a key supporting role, and it would be an oddly fitting career capper if this really is his last role.
So, yeah, nobody went to see a movie that few folks would have even heard about absent the media-friendly association with a tarnished star. That's not a big deal in-and-of-itself. But it's another example of how Hollywood arbitrarily crowning young white actors as the next Tom Cruise doesn't make it so. And it's also another example of how just because folks implicated in #MeToo or #TimesUp scandals may attempt to launch comebacks doesn't mean that they will be successful. They have every right to try, and you, the consumer, have every right to make an informed choice about whether to support their next projects.
Mile 22 opened yesterday with a mediocre $13.6 million. That is a mediocre 2.58x multiplier for the weekend STX Entertainment’s Mile 22 is another one of their “old-school movie star cast to type” star vehicles that they would like to see become their stock and trade. In this case, it’s another Peter Berg-directed action drama for Mark Wahlberg. It’s their fourth film together in under five years, but it’s the first one that isn’t a true-life historical tragedy.
As noted the other day, the whole “Mark Wahlberg: movie star” situation is one that must be viewed through a new-fangled lens. It was just 6.5 years ago when Wahlberg was opening stuff like Contraband to $25 million on his name alone. And Lone Survivor opened with $35m in January 2014. That his last several star vehicles have comparatively suffered has as much to do with the “new normal” (adults don’t see adult movies in theaters as much as they did before Netflix and related VOD/streaming outlets offered a buffet of adult-skewing entertainments) as with any actual dwindling star power.
He’s still a draw in the right project (Paramount/Viacom Inc.'s Instant Family sounds like a pre-Thanksgiving winner), but Wahlberg as a rough-n-tumble action hero isn’t as big of a sell as it once was. It didn't help that adults flocking to the movies this weekend will likely either check out Warner Bros./Time Warner Inc.'s Crazy Rich Asians or catch up on the likes of Paramount/Viacom Inc.'s Mission: Impossible – Fallout or Universal/Comcast Corp.'s Mamma Mia! Here We Go Again. Couple that with The Meg's overperformance and you have the entire adult moviegoing demographics otherwise occupied.
That this movie opened at all (and opened above the $11 million Fri-Sun wide launch of Patriot's Day in early 2017) is a slight testament to Wahlberg's star power. For STX, this is another lower-budget action vehicle along the likes of the surprisingly leggy Den of Thieves. That one legged it to $44.9m domestic on a $15.2m launch last January. And with much of the budget likely covered by foreign pre-sales, long legs and overseas success could get Berg and Wahlberg that sequel they keep claiming is absolutely going to happen.
Alas, Sony and Studio 8's Alpha won't be getting a sequel anytime soon. The Albert Hughes-directed actioner, set in the Ice Age, earned just $10.5m over the weekend. Even with strong reviews, this no-stars offering was a surefire whiff. The movie cost around $55m-$60m, but Sony was just the distributor for this Studio 8 whiff. They've been on a minor roll of late this summer ( Sicario 2, Equalizer 2, Hotel Transylvania 3), so now it'll be a matter of it they can open Venom and Goosebumps 2.
