Tom Cruise’s Mission Impossible 7 Earns $71,000,000 After a Lawsuit Settlement
Tom Cruise’s Mission Impossible: Dead Reckoning Part One was one of the most-anticipated movies this year. The Super Spy franchise had already created a buzz on the internet and as well as around the world with none other than Mr. Ethan Hunt’s nail-biting stunts.
Despite having Tom Cruise as the franchise’s flag bearer performing pulse-pounding stunts around his early 60s, the seventh installment of the Mission Impossible franchise failed to create a strong presence at the box office. A recent lawsuit settlement went on to provide some cushioning to the underperformed sequel of Mission Impossible.
Tom Cruise’s Mission Impossible 7 Earns A Whopping Amount After A Lawsuit Settlement
After a difficult run at the box office, Tom Cruise’s Mission Impossible: Dead Reckoning Part One has some good news on its back. According to a report published by the media outlet Collider, the reputed production house Paramount received a staggering amount from the insurance company due to the pandemic-related delay during the production of Mission Impossible 7.
Collider reported that Paramount had filed a lawsuit against the parent company of Swiss insurer Chubb, Federal Insurance in 2021. The Insurance company Chubb’s previous payout comprised only $5.5 million, which was way too low in comparison to the assured amount of $100 million. The insurer company had even argued that-
“There was no evidence that cast and crew members could not continue their duties, despite being infected with SARS-CoV-2.”
The lawsuit was settled in 2022, with the terms and conditions of the settlement still remaining undisclosed as of now. However, the monetary addition from the lawsuit has only brought some respite to the underperforming box office numbers of Mission Impossible 7. The seventh installment of the Tom Cruise-led franchise met with an unexpected fate due to the Barbenheimer effect, as both the blockbusters were released within a gap of almost 9 days to Mission Impossible 7.
Why Tom Cruise’s Mission Impossible 7 Bombed At The Box Office?
It is kind of difficult to believe that Tom Cruise’s Mission Impossible: Dead Reckoning Part One tanked at the box office due to the dual release of Greta Gerwig’s Barbie and Christopher Nolan’s biographical saga Oppenheimer in July. Mission Impossible 7 saw its theatrical release on July 12, 2023, whereas Barbie and Oppenheimer were released on July 21, 2023. Both movies went on to break records and took over the global box office, pushing Mission Impossible to the third spot.
Maximum IMAX theatres were handed over to Christopher Nolan’s Oppenheimer almost within a week of showing Mission Impossible 7 which played a very important role in the poor performance of the Tom Cruise project. The super spy drama failed to create momentum at the summer box office of 2023.
The marketing of a movie plays a very significant role and directly impacts the box office numbers. American doll manufacturing company Mattel and production magnate WB had left no stone unturned in taking Barbie to almost every part of the world. The $100 million viral marketing strategy painted every part of the world pink.
From shopping malls, and selfie corners at the theatre to Barbie merchandises-the Greta Gerwig movie broke multiple records, and almost a month after its release officially entered the billion-dollar club leaving behind Christopher Nolan’s star-studded Oppenheimer. Tom Cruise’s Mission Impossible: Dead Reckoning Part One couldn’t make its presence felt at the theatres and as well as the box office due to the Barbenheimer effect.
Source: Collider
