Men In Black, the 1997 sci-fi comedy starring Will Smith and Tommy Lee Jones, remains in the red despite making $589 million (Â£448 million) at the global box office over 20 years ago.Â Adjusted for inflation, that translates to $944 million (Â£718 million) in 2019 money, not taking into account extra ticket prices for 3D or IMAX.
This is according to the filmâ€™s screenwriter Ed Solomon, who adapted Lowell Cunninghamâ€™s comic book seriews for Sony Pictures, who then turned it into a mega-blockbuster with a $90 million (Â£68 million) budget that spawned three sequels and an animated series, not to mention shifting piles of merchandise.
Solomon, who also wrote all threeÂ Bill & TedÂ films, Now You See Me, and Charlieâ€™s Angels (2000), shared on Twitter that he had received his â€œMen In Black profit statementâ€ from the studio over the festive period which said that the film had lost â€œ6x what it lost last periodâ€, linking back to a previous tweet from June this year that said the film was â€œSTILL in the redâ€.
The greatest work of science fiction Iâ€™ve ever been involved with – my Men in Black profit statement – arrived for the holidays. Sadly it lost 6x what it lost last period. Impressive for a movie that hasnâ€™t been out in 22 years. Unless itâ€™s been *sneaking* out. Yeah, thatâ€™s it. https://t.co/fE3bFMRJvb
â€” Ed Solomon (@ed_solomon) December 27, 2019
Other filmmakers responded to Solomonâ€™s post to complain about similar cases of creative accounting.
Jonathan Goldstein, one of the screenwriters of Spider-Man: Homecoming, said the $880 million-grossing Marvel movie was also â€œlosing moneyâ€ according to statements.
According to my latest â€œSpider-Man: Homecomingâ€ statement, movie is still losing money despite box office of $880M. ðŸ¤”
â€” Jonathan Goldstein (@JM_Goldstein) December 27, 2019
Source Code director Duncan Jones replied to the writer saying he was still owed â€œ$50k of deferred paymentâ€ for his film that was produced by Summit Entertainment, a Lionsgate subsidiary.
Each time I see Source Code playing on tv, and continue to still not receive $50k of deferred payment, i marvel how it made $150m in box office alone, on a $30m budget & still never made a profit.
â€” Duncan Jones (@ManMadeMoon) December 27, 2019
Katherine Fugate, the creator of Army Wives, says the problem isnâ€™t just isolated to movies either, saying her ABC series never made any money despite running for seven seasons on a commercial television network.
Army Wives ran for 7 seasons and every profit statement from Disney/ABC shows zero profit and the show deeply in the red. I have concluded thus that Disney/ABC is clearly a non-profit entity creating shows and movies for the good of the people.
â€” Katherine Fugate (@katherinefugate) December 27, 2019
Film studios like Sony often negotiate â€œback endâ€ deals with creatives that offer a cut of a filmâ€™s gross profits: ie when they get into the black. However, due to the complicated way films are financed, distributed, and advertised, some huge films technically never make a penny. Negotiating a deal for net profits is a safer bet for creatives.
In 2010 it was revealed that 2007â€™s Harry Potter And The Order Of The Phoenix, which grossed $938.2 million worldwide,Â was still over $167 million in the red. David Prowse, the actor who played Darth Vader in the original Star Wars trilogy, similarly never received residuals from Return of the Jedi, asÂ Lucasfilm claimed the film never made a profit despite earning $572 million worldwide.Â
Profit disputes between New Line Cinema and Peter Jackson, the director of The Lord Of The Rings trilogy,Â delayed the production of The Hobbit trilogy, and led to actors from the filmÂ suing the studio over unpaid profits.
Despite Men In Blackâ€™s apparent losses, Sony still released a fourth film earlier, but Men In Black: International was a flop with audiences, earning $254 million against a $110 million budget.