Horror News and Movie Reviews

Ghostbusters Sequel Dead, Reboot Facing $100M Loss

Sony Pictures is not moving forward with a sequel to the Ghostbusters reboot, contrary to previous statements made by the studio. Sony is anticipating a loss in the neighborhood of $100 Million in relation to the film’s theatrical run. “It’s not going to happen,” says a source within the studio. “There’s no interest in doing another film.”

The cost of the reboot, including marketing and publicity, is estimated to be north of $200 Million, giving the reboot a breakeven point of $400 Million. Presently, the reboot has taken in just over $180 Million at the worldwide box office. The film’s merchandising division has also been a money loser, after a poorly-received video game and a toy line that quickly ended up in the bargain bins of major retail stores. This leaves digital downloads, the home video release, and, most importantly, television licenses—a revenue stream that’s brought in tens of millions of dollars to Sony over the years from the first two Ghostbusters films.

What happened? Although the reboot received mildly encouraging reviews, it was hamstrung, commercially, by a hostile backlash from fans of the 1984 film. Many of the original film’s fans found the very idea of a Ghostbusters reboot to be sacrilegious. Others objected to the all-female cast. “Everyone knew that some of the fans of the original film were going to be angry,” the source says. “No one knew how crazy it would get. People felt like their childhoods were being tampered with.  It was hard to get filmmakers to become involved with the project in the first place, and now we know why. I guess there are some films that just shouldn’t be touched. There’s a feeling that casting women in the roles may have been a mistake. But no one really knows for sure. The reviews were actually much better than anyone expected.  People just didn’t want to see it.”