Are the big budget flops teaching Hollywood a lesson? Probably not.
The all-important summer season turned out to be its own version of a big-budget disaster movie. Disney wrote off the ill-fated “Lone Ranger” to the tune of about $160 million, and the rest of the summer was a graveyard of blockbusters: “R.I.P.D.” (Universal), “Turbo” (DreamWorks), “White House Down” (Sony) and “After Earth” (Sony), to name a few of the biggest disappointments.
Scathing reviews aside, financial carnage on this scale may have been all but a certainty, given the math. The studios collectively released 17 blockbusters between May and the beginning of August. The summer season has rarely supported more than nine hits, according to Doug Creutz, senior media and entertainment analyst for Cowen & Company, who predicted this summer would generate numerous box-office flops.
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