Hotel Artemis faced financial difficulties due to its limited theatrical release and mediocre critical reception. Despite boasting a star-studded cast, the film failed to generate significant box office revenue, grossing only $5 million against a production budget of $20 million. The film’s performance at the box office is attributed to its limited distribution, as it was only released in a handful of theaters. Additionally, the film’s negative reviews from critics likely deterred potential audiences from seeing it. Consequently, Hotel Artemis did not recoup its production costs, resulting in a financial loss for the studio.
Box Office Performance of Hotel Artemis
Hotel Artemis, a critically acclaimed thriller from 2018, failed to meet financial expectations at the box office, leading to speculation about whether it lost money.
- Production Budget: $15 million
- Worldwide Gross: $6.4 million
The film’s box office performance was particularly disappointing given its positive reviews and star-studded cast, which included Jodie Foster, Sterling K. Brown, and Sofia Boutella.
While the exact financial performance of Hotel Artemis is not publicly available, industry analysts estimate that the film lost money. This is due to the fact that it failed to generate enough revenue to cover its production and marketing costs.
| Region | Gross |
|---|---|
| North America | $2.5 million |
| International | $3.9 million |
| Total | $6.4 million |
Despite its box office failure, Hotel Artemis has since gained a cult following due to its unique premise, stylish visuals, and strong performances.
Financial Performance of Millennium Media
Millennium Media, the production and distribution company behind Hotel Artemis, has had mixed financial performance in recent years:
- 2018: Millennium Media reported a net loss of $19.7 million on revenue of $241.4 million.
- 2019: The company’s financial performance improved, with a net loss of $1.5 million on revenue of $289.3 million.
- 2020: Due to the COVID-19 pandemic, Millennium Media experienced a significant decline in revenue, reporting a net loss of $31.2 million on revenue of $132.5 million.
Millennium Media’s financial struggles in 2020 were primarily attributed to the disruption of film and television production and distribution during the pandemic. Despite the challenges, the company has taken steps to strengthen its financial position, including securing new financing and restructuring its debt.
| Year | Net Loss (USD) | Revenue (USD) |
|---|---|---|
| 2018 | -19.7 million | 241.4 million |
| 2019 | -1.5 million | 289.3 million |
| 2020 | -31.2 million | 132.5 million |
Impact on Film Industry Trends
Hotel Artemis’ financial performance has raised questions about the viability of certain film industry trends. One notable trend is the rise of streaming services, which has led to a decline in box office revenue. Additionally, the film’s budget was relatively high, which affected its profitability.
Factors Contributing to Hotel Artemis’ Financial Performance
- Competition from streaming services
- High production budget
- Mixed critical reception
Implications for the Film Industry
Hotel Artemis’ underperformance highlights the challenges facing the film industry in the digital age. The rise of streaming services is forcing filmmakers to adapt to new distribution models and create content that appeals to online audiences.
Furthermore, the film’s financial difficulties may lead to a reassessment of high-budget productions. Studios may become more cautious about investing in projects with uncertain box office potential.
Table: Hotel Artemis Financial Performance
| Category | Value |
|—|—|
| Production Budget | $20 million |
| Worldwide Box Office Revenue | $6.2 million |
| Net Loss | $13.8 million |