‘Mission: Impossible’ and ‘Indiana Jones’ fail at US box office, set to lose $100M each.
Tom Cruise and Harrison Ford’s Latest Films Struggle at Box Office
Tom Cruise’s latest “Mission: Impossible” film and Harrison Ford’s return to the “Indiana Jones” franchise are facing challenges at the domestic box office. These highly-anticipated summer blockbusters are estimated to lose $100 million each.
The seventh installment in the M:I franchise, “M:I-Dead Reckoning Part One,” has earned $164,626,507 at the domestic box office as of Monday. Meanwhile, “Indiana Jones and the Dial of Destiny” has brought in $173,611,344, according to Box Office Mojo. Both films are trailing behind the surprise hit of the summer, “Sound of Freedom,” which has earned $177,773,859 domestically.
Internationally, both films have performed better. The latest “Mission: Impossible” has scored $541 million since its release in July, while Ford’s reprisal of his famed adventurer’s role in the fifth installment of the Disney franchise has earned $375 million since its release in early June.
Despite these global numbers, the cost of making the two films during the pandemic era has resulted in significant losses. Due to delays in release dates and COVID safety measures, experts estimate that both films will have lost nearly $100 million in their theater runs, according to sources familiar with the financials.
‘Mission: Impossible 7’ and ‘Indiana Jones 5’ both estimated to lose nearly $100 million https://t.co/ojc3WvNynz
— FOX Business (@FoxBusiness) August 21, 2023
“These movies would have been a lot more economical if it weren’t for COVID,” said Shawn Robbins, chief analyst at Boxoffice Pro. “But even if that meant their budgets were inflated, at the end of the day, these movies cost what they cost and performed how they performed.”
Sources with knowledge told the outlet that Cruise’s “M:I-7” needs to earn $600 million globally in order to break even.
To put the numbers into further context, “Mission: Impossible-Fallout” in 2018 earned $791 million, not adjusted for inflation. Meanwhile, 2008’s “Kingdom of the Crystal Skull” remains the franchise’s highest-grossing film, taking in $790 million globally.
Cruise’s last film before “M:I-7” was the smash hit “Top Gun: Maverick” from Paramount, which was released in May 2022. It held the honor of being the top-grossing movie released last year, earning nearly $1.5 billion globally.
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