"Avatar" starts long march toward profitability
By Carl DiOrio
LOS ANGELES (Hollywood Reporter) - "Titanic" director James Cameron releases his first dramatic feature in 12 years this weekend, and there's almost as much buzz about its costs as the film's groundbreaking motion-capture animation.
Distributor 20th Century Fox first claimed that its costs on "Avatar" totaled $237 million but more recently refused to confirm any number. Most industry observers believe the picture cost a minimum of $300 million to produce.
Even at the lower studio figure, that's a lot of green stuff to expect to make back from a mostly animated picture populated by blue aliens.
Cameron appears unfazed by such pressures.
"I don't think it means jack s--t," Cameron said. "To be perfectly honest, I think the studio has generated the myth about its costs to help in the selling of the movie. I have seen this happen with 'Terminator' and 'True Lies' and 'Titanic,' and it helps the film become a must-see film. By the way, doesn't that mean it's a bargain to see such an expensive film for the same amount it costs to see any other film? It's the deal of the century!"
So just how much can "Avatar" ring up during its all-important opening weekend? Broad consensus has the sci-fi actioner -- starring Sam Worthington ("Terminator Salvation") and Sigourney Weaver -- fetching $80 million or more through Sunday, though Fox has been floating much lower figures to tamp down expectations.
Toting a running time of 2 hours and 36 minutes, "Avatar" starts its long march toward profitability with 12:01 a.m. Friday performances set for more than 2,000 mostly 3D locations. For the rest of the weekend, "Avatar" will play in some 3,400 theaters boasting almost 3,000 3D screens and roughly an equal number of 2D auditoriums.
"Avatar" debuts simultaneously this week in most foreign markets, with more than 5,000 3D screens in place internationally for the release. Continued...