When a $789m film franchise turns risky

You wouldn’t expect an action franchise fronted by Sylvester Stallone — one that has also tapped Arnold Schwarzenegger, Bruce Willis, Chuck Norris, Mel Gibson, Harrison Ford, Jean-Claude Van Damme, Wesley Snipes, and Jason Statham — to be anything but money in the bank.

The Expendables franchise budget vs gross box office sales by movie

But this weekend, Lionsgate will be sweating out the returns of Expend4bles, hoping it won’t become a Hollywood cautionary tale.

Wait, there’s another Expendables movie?

With the high-wattage cast — including Stallone, Statham, Andy Garcia, and Megan Fox — not actively promoting the film due to the ongoing actors’ strike, you may not have even realized the franchise has returned after nine years away.

  • The biggest pop in its marketing push came from cast member 50 Cent’s since-deleted “WTF did we run out of money?” Instagram post, trashing the movie’s promo materials.

That’s a rough start for a movie already facing an uphill climb: The studio reportedly spent heavily on it, despite the third film making $100m+ less than the second.

The summer has been flashing warning signs

With Expend4bles leaning heavily on stunts performed by a 77-year-old Stallone, it couldn’t have been comforting to see moviegoers unenthused by 81-year-old Ford leading the action in the latest Indiana Jones, a film that struggled to make a profit.

Other action franchises’ receipts have been underwhelming. In a business where the rule of thumb says you need to more than double your production budget to make a profit:

  • Fast X made $714.5m on a ~$340m budget.
  • This summer’s Mission: Impossible installment made $566m on a $290m budget.

With its rumored $100m-$200m budget, Expend4bles has its work cut out to show that the franchise isn’t out of gas.

BTW: Looking for a positive? Consider the greatest movie of all time, John Wick 4, which got the ratios right, costing ~$100m and pocketing $432m+.

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