Tom Cruise's latest film, Digger, is on track to become one of the most expensive failures in Hollywood history, with analysts forecasting the satirical black comedy will lose around $245 million (£185 million) during its theatrical run. The projection, reported by trade publication Variety and summarised by TBS News, follows a brutal second weekend in cinemas in which ticket sales fell by roughly 60%.
After two weekends on release, the film has taken about $35 million (£26 million) worldwide. Analysts now expect it to limp to a final global total of around $50 million (£38 million) — a fraction of what it needs simply to cover its costs.
The figures put the Alejandro González Iñárritu picture in the same unhappy company as 2012's John Carter, which remains the costliest flop in nominal terms after costing Disney an estimated $255–280 million. For Cruise, one of cinema's most bankable stars for four decades, it is the biggest commercial failure of his career by some distance.
The contrast with his recent track record could hardly be starker. New instalments of Top Gun and Mission: Impossible have made Cruise synonymous with box office certainty in recent years, and his films have consistently headlined Verity's entertainment coverage. Digger's collapse is the rare exception that proves the rule.
The financial anatomy of the disaster is a familiar Hollywood story of escalating costs. Warner Bros initially approved a production budget of about $125 million for the film. But an extended shoot and the director's exacting methods pushed the final cost to somewhere between $160 million and $180 million, according to sources cited by Variety. The studio disputes those numbers and insists the budget landed between $125 million and $150 million.
On top of production costs came a global marketing spend of roughly $100 million, much of it tied to Cruise's worldwide press tour. That brings Warner Bros' total outlay to something in the region of $280 million (£211 million) — money it now has almost no hope of recovering from ticket sales.
Cinema owners keep roughly half of box office revenue, which is why the film would need to earn around $350 million worldwide just to break even, according to Variety's calculations. A Warner Bros spokesperson pushed back on that figure, telling the publication the break-even point was closer to $300 million. Either way, the gulf between what the film needs and what it is earning — roughly $35 million and falling fast — is unbridgeable.
The studio had also been expected to mount a $15 million (£11 million) awards-season campaign for the film, which was conceived partly as an Oscar play for Cruise. That spending is now expected to be scaled back sharply given the film's unfavourable reception.
Digger is a satirical black comedy starring Cruise as Digger Rockwell, a fabulously wealthy oil magnate whose company sets in motion a potential catastrophe. The film, directed by two-time Oscar winner Iñárritu (Birdman, The Revenant), also features John Goodman, Riz Ahmed, Sandra Hüller, Michael Stuhlbarg and Jesse Plemons, and has been described as Cruise's most overtly political film in decades.
The critical response has been sharply divided. The film holds a 51% score on Rotten Tomatoes, making it Cruise's worst-reviewed picture in nearly a decade. Where some critics found a bold, ambitious provocation, others saw a bloated folly — heavy-handed and hollow at once.
Warner Bros leaned into the polarised reaction with an unusual advertising campaign that urged audiences to decide for themselves. The gamble did not work. The 18-to-34 demographic made up about 60% of the opening-weekend audience, a healthy skew for an original film, but there simply were not enough of them.
The film opened on 2 October in North America with just $8 million, and $20 million globally across 73 markets — one of the weakest debuts of Cruise's career. It lost the top spot to the psychological thriller Verity, starring Anne Hathaway, which opened to $32.6 million, and fell to fifth place on the chart.
Remarkably, Hollywood rallied to the film's defence. Anne Hathaway, Jane Fonda, Guillermo del Toro and Mandy Patinkin all publicly urged audiences to give Digger a chance. Hathaway, whose own film was beating it at the box office, wrote on the social film platform Letterboxd: "I loved this brilliant movie. It's smart and trippy and aggressive and funny and ambitious. It's worth making the time. See and decide for yourself what you make of it. For me? 10/10."
The endorsements were heartfelt but futile. As of this weekend, Digger has slid further down the charts while the low-budget horror film Other Mommy won the weekend with $27.5 million — a reminder of how much cheaper originals have been outperforming expensive ones this autumn.
Cruise himself addressed the disappointment in comments reported last week, saying he "never thought of movies when I'm making them [in terms of] opening weekend", and that he was focused instead on making films that "hopefully will translate, last and evolve". It is a dignified position, but the numbers speak a different language.
Digger was always a gamble. Big-budget, star-driven original comedies have become the rarest of Hollywood commodities, and an eco-satire about an oil billionaire — arriving while real-world energy politics dominate headlines, as Verity's business coverage has tracked — was a harder sell than a superhero or sequel.
The film was positioned as an arthouse awards title at blockbuster cost. The trade press Deadline described it as "Birdman all over again", arguing it should have been made and marketed as a prestige play at a much lower price. At $160 million-plus, a film needs a mass audience, and Digger's twisty, metatextual satire actively antagonised the mainstream crowd it required.
Nor was it the only prestige bet to stumble. Aaron Sorkin's The Social Reckoning also struggled, managing a $5.5 million US opening. The autumn corridor that once rewarded serious-minded adult films has narrowed as audiences ration their cinema visits for event pictures.
The flop arrives at an awkward corporate moment. Digger was the last standalone release for Warner Bros before its recent takeover by Paramount under the Skydance banner. Reports suggest Skydance executives were shocked by the scale of the loss when they inherited the film's financials as part of the handover.
TheWrap reported that the new leadership had learned the projected total loss could reach $250 million even after post-theatrical revenue — streaming sales, digital rentals and television rights — is factored in. One insider familiar with the film's finances told the publication the loss was likely between $200 million and $215 million depending on home-viewing performance, adding: "It's a shocking failure."
Because Warner Bros fully financed the film — unlike projects such as Dune, which are typically split between financial partners — the loss will be borne entirely by the studio. The studio has also endured a difficult run with the underperformance of Supergirl and The Bride! earlier in the year.
If the $245 million projection holds, Digger will join a notorious pantheon. John Carter's estimated $255–280 million loss remains the nominal record, but the bracket of nine-figure disasters also includes Cutthroat Island (1995), The Adventures of Pluto Nash (2002), Sahara (2005), The 13th Warrior (1999), Mars Needs Moms (2011), The Lone Ranger (2013), The Marvels (2023) and Amsterdam (2022).
The scale is particularly striking given how much capital the industry has poured into spectacle. A recent $8.9 billion sale of the Boots pharmacy chain put the Digger loss in perspective for the business pages: Warner Bros is writing off on a single film a sum that would buy a mid-sized company outright.
But for Hollywood, Digger is a cautionary tale: even the world's biggest movie star cannot conjure an audience for a film the public does not want to see, as the BBC's reporting on the flop underlines.
For Cruise, who turns his attention next to the next instalment of Mission: Impossible, the episode is likely to be a footnote rather than a turning point — few actors in history have his reservoir of goodwill with audiences.
The wider entertainment industry will be watching what lesson the new Skydance-run Warner Bros draws. If the conclusion is that original, director-driven studio films are no longer worth the risk, Digger's real legacy may be to make Hollywood's screens even narrower. For now, it is remembered for one thing: how much money the movies can lose, and how quickly.
Tom Cruise photographed at a public appearance
Gage Skidmore / Wikimedia Commons / CC BY-SA 3.0