And didn't Cutthroat Island kill a studio?
Yes, although Carolco Pictures was practically a Ponzi scheme whose continued existence was predicated entirely on pre-selling foreign distribution rights to the NEXT picture. It was a house of cards due to collapse some time.
Cutthroat Island just ended up being the right stiff breeze at the right time.
The only thing that kept Mario Kassar out of the poorhouse was that he was able to have Carolco declare bankruptcy, abandon the company, and then sell himself the rights to the studio's only viable property, the
Terminator franchise. Hell, even the logo of his new company, C2, looks reminiscent of the old Carolco logo.
Any such list has to include Heaven's Gate. Cost 44 million to make and only made about 3.5 million. Destroyed director Michael Cimino's career and helped bring down United Artists.
Yep, another "Studio Killer," along with
Cutthroat Island and
One from the Heart. Plus an honorable mention for
Cleopatra, which almost bankrupted 20th Century Fox and did cripple its ability to produce any other movies at the time (including shutting down production on Marilyn Monroe's last, unfinished picture).
Another reason for [Ishtar's] failure was the astronomical expectations. It was one of the first movies with two MEGA stars in its cast: Hoffman and Beatty. And written and directed by the amazingly talented Elaine May. It would have been impossible to live up to the expectations of the time.
Elaine May was crazy. She spent over a decade editing her previous movie,
Mikey & Nicky and when the studio demanded she give them an edit to release in theaters, she responded by hiding reels of the film in her garage.
^ People weren't really for pirate movies to make a comeback back then? Plus Geena Davis and Matthew Modine as the headliners?
It does say something when you look at the list of everyone who turned down the male lead for it to fall to Modine. I don't remember every name off hand, but I think they included -- Michael Douglas, Brad Pitt, Tom Cruise, Charlie Sheen, Daniel-Day Lewis, Keanu Reeves, Jeff Bridges, Liam Neeson and even Gabriel Byrne turned it down!!!
I don't know about the others but the main reason why Michael Douglas turned it down was because they wouldn't re-write the script to beef up the male lead.
And if
Dune is going to be on this list, what about other financial flops that have turned out to be more critical darlings, like
Blade Runner &
Brazil? And if financial successes like
Planet of the Apes are on the list, why not the much more painful 1998 American remake of
Godzilla?