Follow us on Google News
Get the latest updates directly in your Google News feed
It has been 27 years since the firstMission Impossiblewas released, and since then Tom Cruise has been playing as the protagonist in all the movies. With crossing the $4 billion theMission Impossiblefranchise is considered among the biggest franchise in the world. All thanks to the action-packed drama and of course the legendary Hollywood actor Tom Cruise, also the face of theMission Impossiblefranchise.
However, the latest part of the franchiseMission Impossible-Dead Reckoning Part Onepremiered on 12th July 2023 around the entire world and the film received positive reviews from both critics and audiences. The film grossed around $563 million worldwide but compared to its expensive budget it fell short and had to go through a box office disaster.
Read More:Devastating Update for Mission Impossible 7 Leaves Tom Cruise Fans Stunned: 15th Most Expensive Movie in History Disappoints Hollywood
What Made Tom Cruise’s LatestMission ImpossibleSequel The Second-Lowest Grossing Film Of The Franchise
Even after making more than half a billion dollars worldwide,Mission Impossible-Dead Reckoning Part Onecouldn’t gather the tag of profitable. The budget was so high that it made the franchise suffer by approx. $40 million and it was said a min earning of $600 million was needed to make it a box-office success.
It has been said that the seventh installment of Tom Cruise’sMission Impossiblehasn’t ended their run in a flop if wouldn’t have clashed withOppenheimerandBarbie. Just after the release ofMission Impossible-Dead Reckoning Part One,both highly anticipated films of this yearOppenheimerandBarbiepremiered. The effect of Barbenheimer made the Tom Cruise starer film look small and it couldn’t justify its budget anymore, making it the second lowest-grossing film of all time in the$4 billion franchise.
The film does have a power cast which consists ofTom Cruise, Vanessa Kirby, andRebecca Fergusonbut even after that, it couldn’t last the wave of Barbenheimer. However, presently, it has improved a bit with a recent insurance payout after a lawsuit.
Read more:Tom Cruise’s Mission Is In Danger After He Loses $78 Million Even After Risking His Life To Bring Fans To The Theatre
The Massive Insurance Payout Did Save Tom Cruise’sMission Impossible 7
TheMission Impossible-Dead Reckoning Part Onedid receive a major insurance payout which is supposed to fill the gap of loss that was created at the box office. According toCollider, the production house of the film, Paramount received a massive amountof $71 million from a Swiss insurance company, Chubb. The lawsuit was filed becauseMission Impossible-Dead Reckoning Part Onehad to go through production interruptions caused by COVID-19 and that made the production cost higher than expected.
Paramount originally received a payment of $5.5 million but after filing the lawsuit it did increase the sum of the payout to a massive amount. There is no denying that no other franchise exceptMission Impossiblewas affected more due to COVID-19. It has been also reported that due to production interruptions, the cost of the film went up to $291 million making it one of the most expensive films of all time.
The enormous budget made it impossible for the film to register its name into the list of box office profits and it even compelled the production house to file a lawsuit for gain. Typically, a movie needs to make twice the budget it spends in its production to get the tag of hit but the latest installment of Mission Impossible couldn’t fetch it. However, after the massive insurance payout, it has somehow managed to be on the list of hits. Another installment of theMission Impossiblefranchise is in production currently, and it will be coming out in 2024.
Read more:“That’s a real reflection of Tom”: Tom Cruise’s Real Mission Impossible Stunt Was Forced to Use VFX Trick Despite Actor’s Open Disdain of Artificial Effects
