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List of most expensive films

Due to the secretive nature of Hollywood accounting, it is not clear which film is the most expensive film ever made. Star Wars: The Force Awakens officially holds the record with a net budget of $447 million (although it is possible that Avatar: The Way of Water costs more if its price tag is towards the upper-end of its reported $350–460 million production costs). The third and fourth Avengers films (Infinity War and Endgame) stand as the most expensive back-to-back film production, with combined production costs of over $1 billion, according to one of the directors.

Ben-Hur (1925) was the most expensive film of the silent era, possibly holding the record for over twenty years.

Inflation, filming techniques and external market forces affect the economics of film production. Costs rose steadily during the silent era with Ben-Hur: A Tale of the Christ (1925) setting a record that lasted well into the sound era. Television had an impact on rising costs in the 1950s and early 1960s as cinema competed with it for audiences, culminating in 1963 with Cleopatra; despite being the highest earning film of the year, Cleopatra did not earn back its costs on its original release. The 1990s saw two thresholds crossed, with True Lies costing $100 million in 1994 and Titanic costing $200 million in 1997, both directed by James Cameron. Since then it has become normal for a tent-pole feature from a major film studio to cost over $100 million and an increasing number of films are costing $200 million or more.

This list contains only films already released to the general public and not films that are still in production or post-production, as costs can change during the production process. Listed below is the net negative cost: the costs of the actual filming, not including promotional costs (i.e. advertisements, commercials, posters, etc.) and after accounting for tax subsidies. The charts are ordered by budgets that have been independently audited or officially acknowledged by the production companies where they are known; most companies will not give a statement on the actual production costs, so often only estimates by professional researchers and movie industry writers are available. Where budget estimates conflict, the productions are charted by lower-bound estimates.

Most expensive productions (unadjusted for inflation)

Only productions with a net budget of over $200 million in nominal U.S. dollars are listed here. Due to the effects of inflation, all of the films on the chart have been produced in the 21st century.

Most expensive films
Rank Title Year Cost (est.)
(millions)
Refs and notes
1 Star Wars: The Force Awakens 2015 *$447 [1][nb 1]
2 Jurassic World: Fallen Kingdom 2018 *$432 [2][nb 2]
3 Star Wars: The Rise of Skywalker 2019 *$416 [1][nb 1]
4 Pirates of the Caribbean: On Stranger Tides 2011 *$379 [3][nb 3]
5 Avengers: Age of Ultron 2015 *$365 [4][nb 4]
6 Avengers: Endgame 2019 $356 [5][nb 5]
7 Avatar: The Way of Water 2022 $350 [6][nb 6]
8 Fast X 2023 $340 [7]
9 Avengers: Infinity War 2018 $325 [8][nb 5]
10 Pirates of the Caribbean: At World's End 2007 $300 [9][10][nb 7]
Justice League 2017 $300 [11][12][13][nb 8]
Star Wars: The Last Jedi 2017 $300 [1][nb 1]
13 Doctor Strange in the Multiverse of Madness 2022 *$295 [14]
Indiana Jones and the Dial of Destiny 2023 *$295 [15][nb 9]
15 Mission: Impossible – Dead Reckoning Part One 2023 $291 [16]
16 Solo: A Star Wars Story 2018 *$271 [1][nb 1]
17 Jurassic World Dominion 2022 *$265 [2][nb 2]
18 John Carter 2012 *$264 [17][nb 10]
19 Batman v Superman: Dawn of Justice 2016 $263 [18][nb 11]
20 Tangled 2010 $260 [19][20][21][22]
The Lion King 2019 $260 [23][nb 12]
22 Spider-Man 3 2007 *$258 [24]
23 Beauty and the Beast 2017 *$255 [25]
24 Harry Potter and the Half-Blood Prince 2009 $250 [26][27]
Furious 7 2015 $250 [28][29][nb 13]
The Fate of the Furious 2017 $250 [30][nb 14]
No Time to Die 2021 $250 [31][nb 15]
Thor: Love and Thunder 2022 $250 [32]
Black Panther: Wakanda Forever 2022 $250 [33]
Guardians of the Galaxy Vol. 3 2023 $250 [34]
The Little Mermaid 2023 $250 [35]
32 Spectre 2015 $245 [36][37][nb 16]
33 Avatar 2009 *$237 [38][nb 17]
34 Eternals 2021 $236 [39]
35 Rogue One 2016 *$232 [1][nb 1]
36 The Dark Knight Rises 2012 $230 [40][nb 18]
Captain America: Civil War 2016 $230 [18][nb 19]
Pirates of the Caribbean: Dead Men Tell No Tales 2017 $230 [41][42][43]
39 Maleficent 2014 $226 [44][nb 20]
40 The Chronicles of Narnia: Prince Caspian 2008 *$225 [45]
The Lone Ranger 2013 *$225 [46][nb 21]
Pirates of the Caribbean: Dead Man's Chest 2006 $225 [9][47][nb 7]
Man of Steel 2013 $225 [48][49][nb 22]
44 The Avengers 2012 $220 [50][51][52][53]
45 The Hobbit: The Desolation of Smaug 2013 *$217 [54]
Transformers: The Last Knight 2017 *$217 [55][nb 23]
47 Men in Black 3 2012 *$215 [56][nb 24]
Oz the Great and Powerful 2013 *$215 [57][nb 25]
49 X-Men: The Last Stand 2006 $210 [58][59]
Transformers: Age of Extinction 2014 $210 [60][61][62]
51 Battleship 2012 *$209 [63]
Dawn of the Planet of the Apes 2014 $209 [44][nb 26]
The Hobbit: The Battle of the Five Armies 2014 $209 [44][nb 27]
54 King Kong 2005 $207 [64][65][66]
55 X-Men: Days of Future Past 2014 $205 [44][nb 28]
Tenet 2020 $205 [67]
57 Superman Returns 2006 *$204 [68][69][nb 29]

*Officially acknowledged figure.

Most expensive films (adjusted for inflation)

The productions listed here have their nominal budgets adjusted for inflation using the United States Consumer Price Index[81] taking the year of release. Charts adjusted for inflation are usually ordered differently, because they are dependent on the inflation measure used and the original budget estimate.

The Soviet War and Peace, released in four parts across 1966 and 1967, is sometimes cited as the most expensive production ever: Soviet claims stating it cost $100 million (estimated at nearly $700 million accounting for inflation forty years after its release) were circulated in the American press during its showing there. However, its financial records reveal it cost slightly more than $9 million (about $60–70 million in today's money).[nb 34] Another notable omission is Metropolis, the 1927 German film directed by Fritz Lang, often erroneously reported as having cost $200 million at the value of modern money. Metropolis cost $1.2–1.3 million at the time of its production, which would be about $24 million at 2021 prices, according to the German consumer price index.[nb 35]

Most expensive films adjusted for inflation
Rank Title Year Cost (est.) (millions) Refs and notes
Adjusted Nominal
1 Star Wars: The Force Awakens 2015 $552 *$447 [1][nb 1]
2 Jurassic World: Fallen Kingdom 2018 $503 *$432 [2][nb 2]
3 Pirates of the Caribbean: On Stranger Tides 2011 $492 *$379 [3][nb 3]
4 Star Wars: The Rise of Skywalker 2019 $476 *$416 [1][nb 1]
5 Avengers: Age of Ultron 2015 $451 *$365 [4][nb 4]
6 Pirates of the Caribbean: At World's End 2007 $423 $300 [9][10][nb 7]
7 Avengers: Endgame 2019 $407 $356 [5][nb 5]
8 Avengers: Infinity War 2018 $379 $325 [8][nb 5]
9 Avatar: The Way of Water 2022 $350 $350 [6][nb 6]
10 Fast X 2023 $340 $340 [7]
11 Titanic 1997 $365 *$200 [111][112][113]
12 Spider-Man 3 2007 $364 *$258 [24]
13 Justice League 2017 $358 $300 [11][12][13][nb 8]
Star Wars: The Last Jedi 2017 $358 $300 [1][nb 1]
15 Tangled 2010 $349 $260 [19][20][21][22]
16 Harry Potter and the Half-Blood Prince 2009 $341 $250 [26][27]
17 John Carter 2012 $336 *$264 [17][nb 10]
18 Waterworld 1995 $330 *$172 [117][118][nb 36]
19 Pirates of the Caribbean: Dead Man's Chest 2006 $327 $225 [9][47][nb 7]
20 Avatar 2009 $323 *$237 [38][nb 17]
21 Batman v Superman: Dawn of Justice 2016 $321 $263 [18][nb 11]
22 Solo: A Star Wars Story 2018 $316 *$271 [1][nb 1]
23 King Kong 2005 $310 $207 [64][65][66]
Spider-Man 2 2004 $310 $200 [128][129]
25 Furious 7 2015 $309 $250 [29][28][nb 13]
26 The Chronicles of Narnia: Prince Caspian 2008 $306 *$225 [45]
27 X-Men: The Last Stand 2006 $305 $210 [58][59]
Beauty and the Beast 2017 $304 *$255 [25]
29 Spectre 2015 $302 $245 [36][37][nb 16]
30 Wild Wild West 1999 $299 $170 [133][134]
31 The Fate of the Furious 2017 $298 $250 [30][nb 14]
The Lion King 2019 $298 $260 [23][nb 12]
33 Cleopatra 1963 $297 *$31 [137][nb 37]
34 Superman Returns 2006 $296 *$204 [68][69][nb 29]
35 Indiana Jones and the Dial of Destiny 2023 $295 *$295 [15][nb 9]
36 The Dark Knight Rises 2012 $293 $230 [40][nb 18]
37 Mission: Impossible – Dead Reckoning Part One 2023 $291 $291 [16]
38 Jurassic World Dominion 2022 $265 *$265 [2][nb 2]
39 The Lone Ranger 2013 $283 *$225 [46][nb 21]
Man of Steel 2013 $283 $225 [48][49][nb 22]
Rogue One: A Star Wars Story 2016 $283 *$232 [1][nb 1]
42 The Avengers 2012 $280 $220 [50][51][52][53]
Captain America: Civil War 2016 $280 $230 [18][nb 19]
44 Maleficent 2014 $279 $226 [44][nb 20]
45 Pirates of the Caribbean: Dead Men Tell No Tales 2017 $275 $230 [41][42][43]
46 Men in Black 3 2012 $274 *$215 [56][nb 24]
47 Transformers: Revenge of the Fallen 2009 $273 *$200 [144]
2012 2009 $273 *$200 [145]
Terminator Salvation 2009 $273 $200 [146][147]
The Hobbit: The Desolation of Smaug 2013 $273 $217 [54]
51 Quantum of Solace 2008 $272 $200 [148][149]
52 Troy 2004 $271 *$175 [150]
53 Oz the Great and Powerful 2013 $270 *$215 [57][nb 25]
The Chronicles of Narnia: The Lion, the Witch and the Wardrobe 2005 $270 $180 [152][153][154]
No Time to Die 2021 $270 $250 [31][nb 15]
56 Toy Story 3 2010 $268 $200 [156][157]
57 Battleship 2012 $266 *$209 [63]
Terminator 3: Rise of the Machines 2003 $266 $167 [158][nb 38]
59 Green Lantern 2011 $260 $200 [164][165][166]
Cars 2 2011 $260 $200 [167][168][169]
Transformers: Age of Extinction 2014 $260 $210 [60][61][62]
62 Transformers: The Last Knight 2017 $259 *$217 [55][nb 23]
63 Dawn of the Planet of the Apes 2014 $258 $209 [44][nb 26]
The Hobbit: The Battle of the Five Armies 2014 $258 $209 [44][nb 27]
65 The Amazing Spider-Man 2012 $255 $200 [170][171][nb 39]
The Hobbit: An Unexpected Journey 2012 $255 $200 [175][nb 40]
67 The Golden Compass 2007 $254 *$180 [176][177]
Transformers: Dark of the Moon 2011 $254 $195 [178][179][180][181]
69 X-Men: Days of Future Past 2014 $253 $205 [44][nb 28]
70 Armageddon 1998 $251 $140 [185][186]
Indiana Jones and the Kingdom of the Crystal Skull 2008 $251 $185 [187][188][189]
The Dark Knight 2008 $251 $185 [47][190][191]
Iron Man 3 2013 $251 $200 [192][193][194]
Monsters University 2013 $251 $200 [54]
75 Thor: Love and Thunder 2022 $250 $250 [32]
Black Panther: Wakanda Forever 2022 $250 $250 [33]
Guardians of the Galaxy Vol. 3 2023 $250 $250 [34]
The Little Mermaid 2023 $250 $250 [35]
n/a Van Helsing 2004 $248 $160 [195][196][197]
The Polar Express 2004 $248 $160 [198][199]
n/a The Amazing Spider-Man 2 2014 $247 $200 [200][201][nb 41]
Exodus: Gods and Kings 2014 $247 $200 [44]
Evan Almighty 2007 $247 $175 [203][204][205]
n/a WALL-E 2008 $245 $180 [206][207]
n/a Superman 1978 $245–249 $55 [208][209]

* Officially acknowledged figure.

Record-holders

 
Foolish Wives was the first film to have a $1 million budget.

Throughout the silent era, the cost of film-making grew steadily as films became longer and more ambitious and the techniques and equipment became more sophisticated.[210] It is not known for certain which was the first film to cost $1 million or more to produce, and several myths have grown over time: D. W. Griffith's Intolerance (1916) was reputed to have cost $2 million, but accounts show that it only cost $385,906.77;[211] additionally, A Daughter of the Gods (1916) was advertised as costing a million dollars, but Variety estimated its true cost at $850,000.[137] The first film that is confirmed to have had a $1 million budget is Foolish Wives (1922), with the studio advertising it as "The First Real Million Dollar Picture".[112]

The most expensive film of the silent era was Ben-Hur: A Tale of the Christ (1925),[137] costing about $4 million—twenty-five times the $160,000 average cost of an MGM feature.[210] It is unclear which sound-era production superseded it as the most expensive film, although this is commonly attributed to Hell's Angels (1930), directed by Howard Hughes; the accounts for Hell's Angels show it cost $2.8 million, but Hughes publicised it as costing $4 million, selling it to the media as the most expensive film ever made.[212] The first film to seriously challenge the record was Gone with the Wind, reported to have cost about $3.9–4.25 million,[137] although sources from the time state that Ben-Hur and—erroneously—Hell's Angels cost more.[213] Ben-Hur was definitively displaced at the top of the chart by Duel in the Sun in 1946.

The 1950s saw costs rapidly escalate as cinema competed with television for audiences,[214] culminating with some hugely expensive epics in the 1960s that failed to recoup their costs.[137] A prominent example of this trend was Cleopatra (1963), which lost money on its initial release despite being the highest-grossing film of the year.[215] Since the 1990s, film budgets have once again seen a dramatic increase as the use of computer-generated imagery (CGI) has become commonplace in big-budget features.[216]

Timeline of the most expensive million dollar films
Year Production Cost (est.)
(millions)
Refs and notes
1922 Foolish Wives $1.104 [112]
1922 When Knighthood Was in Flower $1.5 [210]
1923 The Ten Commandments *$1.476 [217]
1925 Ben-Hur $3.967 [218][219]
1939 Gone with the Wind $3.9–4.25 [137]
1946 Duel in the Sun $5.255 [137]
1947 Forever Amber $6.375 [137]
1951 Quo Vadis $7.623 [137]
1956 The Ten Commandments *$13.272 [217]
1959 Ben-Hur $15.175 [137]
1962 Mutiny on the Bounty $19 [220][221]
1963 Cleopatra *$31.115 [137][nb 37]
1978 Superman $55 [208][209]
1988 Rambo III $58–63 [137][222]
Who Framed Roger Rabbit $58.166 [223][nb 42]
1990 Total Recall $50–60 [225][226][nb 43]
Die Hard 2 $62–70 [229][224][nb 43]
1991 Terminator 2: Judgment Day $94 [230][231][232]
1994 True Lies $100 [233][234][nb 44]
1995 Waterworld *$172 [117][118][nb 36]
1997 Titanic *$200 [111][112][113]
2005 King Kong $207 [64][65][66]
2006 X-Men: The Last Stand $210 [58][59]
Superman Returns *$204 [68][69][nb 29]
Pirates of the Caribbean: Dead Man's Chest $225 [9][47]
2007 Spider-Man 3 *$258 [24]
Pirates of the Caribbean: At World's End $300 [9][10]
2011 Pirates of the Caribbean: On Stranger Tides *$379 [3][nb 3]
2015 Star Wars: The Force Awakens *$447 [1][nb 1]
Timeline of the most expensive back-to-back film productions
Year Production Cost (est.)
(millions)
Refs and notes
1990 Back to the Future Part II and Part III (1989–1990) $80 [242]
2003 The Matrix Reloaded
The Matrix Revolutions
$237 [nb 32]
The Lord of the Rings trilogy (2001–2003) *$260 [74][75][nb 31]
2007 Pirates of the Caribbean: Dead Man's Chest (2006)
Pirates of the Caribbean: At World's End (2007)
$450 [72][nb 7]
2014 The Hobbit trilogy (2012–2014) *$623 [71][nb 30]
2019 Avengers: Infinity War (2018)
Avengers: Endgame (2019)
$1,000 [70][nb 5]
* Officially acknowledged figure.

The figure given is the cost of a multi-film production, where the films are produced simultaneously.

See also

Notes

  1. ^ a b c d e f g h i j k Financial statements filed in the United Kingdom reveal the full, audited, net production costs for the following Star Wars films:[1]
    • The Force Awakens: $446.6 million ($533.2 million before applying the tax credit). Variety previously reported the cost of the film as $306 million (including a $47.4 million rebate), but Disney had not submitted all of the accounts to HM Revenue and Customs at this point.[241]
    • Rogue One: $232.4 million ($280.2 million before applying the tax credit)
    • The Last Jedi: $300 million ($362.6 million before applying the tax credit)
    • Solo: A Star Wars Story: $270.8 million ($330.4 million before applying the tax credit)
    • The Rise of Skywalker: $416.1 million ($503.6 million before applying the tax credit)
  2. ^ a b c d Financial statements filed in the United Kingdom reveal the full, audited, net production costs for the following Jurassic World films:[2]
    • Fallen Kingdom: $431.6 million ($516.1 million before applying the tax credit).
    • Dominion: $264.5 million ($328.6 million before applying the tax credit)
  3. ^ a b c Financial statements filed in the United Kingdom show that production costs for Pirates of the Caribbean: On Stranger Tides totaled $410.6 million between October 2009 and April 2013 offset by a tax rebate of $32.1 million.[3]
  4. ^ a b Disney spent $444 million on Avengers: Age of Ultron but $79 million of this was offset by payments from the UK tax authority.[4][102]
  5. ^ a b c d e f The third and fourth films in the Avengers series, Infinity War (2018) and Endgame (2019) were filmed back-to-back as a joint production, so it is not known exactly how much each film on its own cost. In an interview with Victoria Alonso, executive vice-president of physical production for Marvel Studios, The Hollywood Reporter placed the budget for Infinity War at "upwards of $300 million".[103] Deadline Hollywood estimated the cost of Infinity War at $325 million,[8] and the cost of Endgame at $356 million,[5] for a combined cost of $681 million. Other figures from official sources suggest that Deadline has under-estimated the cost of the productions. Publicly available financial statements filed to HM Revenue and Customs for Assembled Productions III (the United Kingdom-registered company that Disney created for the purpose of qualifying for a tax credit) show that between 2017 and 2022 the combined expenditure ("cost of sales") on both productions was £247.52 million (2017),[104] £429.95 million (2018), £293.45 million (2019), £28.09 million (2020), £3.90 million (2021), £3.43 million (2022) for a total of £1.006 billion (before deducting the £34 million tax credit).[105] Between June 2016 (the start of the accounting period for Assembled Productions III) and the end of 2019, the dollar-to-pound conversion rate fluctuated between $1.20 and $1.43 to £1,[106] which would convert the combined budget to a minimum $1.2 billion. There is a considerable disparity between the combined cost of the individual Deadline estimates ($681 million), and the combined cost deduced from the UK tax filings ($1.2 billion). However, in 2023, Joe Russo (one of the directors) stated in an interview that "each of those movies was $500 million plus", confirming that the combined costs exceeded $1 billion.[70]
  6. ^ a b The precise budget of Avatar: The Way of Water is vague.[107] At the lower end of estimates Variety reported that the film cost $350 million to make,[108] whilst Deadline Hollywood has reported that its sources put the production costs at around $460 million.[109] The Hollywood Reporter reported the budget as "in the $350 million to $400 million range".[110]
  7. ^ a b c d e f Pirates of the Caribbean: Dead Man's Chest and Pirates of the Caribbean: At World's End were produced together on a combined budget of $450 million.[72] Budget overruns reportedly pushed the final cost of the joint production up to a total of $500 million. The individual budget estimates—which come to around $525 million—conjecture how the overall budget was divided between the two films, but many of the costs are indivisible such as the fees for the actors who appeared in both films and would most likely have been contracted for a single fee, and the cost of the sets common to both films.[24]
  8. ^ a b In addition to the original $300 million budget for Justice League, a further $70 million was spent on finishing visual effects for the director's cut along with five minutes worth of additional footage.[114]
  9. ^ a b Deadline Hollywood originally reported that the "leaked" budget of Indiana Jones and the Dial of Destiny was in the $250–300 million range, but later reported that it had learned from a "key source" that the film had cost more than $300 million to produce.[138] IndieWire's estimate was even higher, placing the final cost at $350–400 million.[139] Even though this has not been confirmed by Lucasfilm,[140] financial statements filed in the United Kingdom reveal the audited production expenditure up to the first quarter of 2023 was $294.7 million.[15]
  10. ^ a b Financial statements filed in the United Kingdom show that production costs for John Carter totaled $306.6 million between 2010 and 2013 offset against a tax rebate of $42.9 million. The net budget was $263.7 million, a figure consistent with Disney's claim that the film cost "around $250 million".[17][115][116]
  11. ^ a b The budget for Batman v Superman was at least $250 million, after rebates and tax incentives, with the gross figure as high as $325 million.[127] FilmL.A. estimates the gross budget at $300 million, before factoring in an incentive of $37 million.
  12. ^ a b A source told The Hollywood Reporter that the budget for The Lion King was "roughly $250 million",[135] although Deadline Hollywood reported the film cost over $260 million.[23] The New York Times estimated that the film cost $400 million to produce and market.[136]
  13. ^ a b The budget for Furious 7 was initially pegged at $190 million.[130] However, according to Variety, the film was completed using previously unseen footage of the late Paul Walker and stand-in body doubles which led to the film's budget spiralling up to $250 million.[28] This increased was also acknowledged by Deadline Hollywood in its profit analysis report for the film a year after its release.[29]
  14. ^ a b The budget for The Fate of the Furious was $250 million, after taking an incentive of $20 million into account.[30]
  15. ^ a b In 2019 The Hollywood Reporter estimated the budget of No Time to Die at $250 million,[31] but Variety have since published that the film cost $301 million.[155]
  16. ^ a b Internal memos that were leaked during the Sony Pictures Entertainment hack revealed that the budget for Spectre at the time stood in the "mid $300Ms" with Sony actively pursuing measures to reduce the expenditure.[131] The leaked figure continues to be widely reported by the media, but after rebates the production ultimately cost $245–250 million.[4][36][37][132]
  17. ^ a b Estimates for Avatar's cost have varied considerably with some as high as $500 million.[119] The $500 million figure also incorporates the $150 million marketing budget, and the costs of developing the necessary 3-D cameras and motion capture technology which were independently financed by private investors and none of which are included in the production cost.[120][121] Recent estimates put the production costs at about $310 million, although a 15% tax rebate from New Zealand is expected to reduce the final bill by $25–30 million,[122][123] which would ultimately put the cost at around $280 million.[120] Avatar was initially budgeted at $190 million[124][125] but the studio later acknowledged it cost $237 million after its budget came under intense media scrutiny.[38] A further $1 million per minute were spent on the nine minutes of extra footage in Avatar: Special Edition.[126]
  18. ^ a b Expenditure on The Dark Knight Rises is estimated to be about $250–300 million, with the cost of production coming down to around $230 million after tax credits.[40]
  19. ^ a b The budget for Captain America: Civil War was $250 million before taking an incentive of $20 million into account.[18]
  20. ^ a b The budget for Maleficent was $263 million before taking an incentive of $37 million into account.[44]
  21. ^ a b Studio reps for Disney state the cost of the production was $225 million, although other estimates put the film's cost at around $250 million with over $150 million spent on worldwide marketing and distribution.[46]
  22. ^ a b People close to Warner and the film's production offered slightly different estimates for its final cost, ranging between $225 million and $270 million, split between the studio and Legendary Pictures LLC.[141]
  23. ^ a b The studio stated the budget for Transformers: The Last Knight was $217 million;[55] however FilmL.A. estimates the gross budget at $260 million, before factoring in an incentive of $21 million.[30]
  24. ^ a b Some estimates put the production budget for Men in Black 3 at nearly $250 million;[142] however, a $38 million tax rebate from New York is expected to bring the final cost down to about $215 million.[143]
  25. ^ a b Disney claim that Oz the Great and Powerful cost $215 million,[57] although an insider suggests its cost was approximately $235 million.[151]
  26. ^ a b The budget for Dawn of the Planet of the Apes was $235 million before taking an incentive of $26.4 million into account.[44]
  27. ^ a b The budget for The Hobbit: The Battle of the Five Armies was $250 million before factoring in a tax rebate of $41 million.[44]
  28. ^ a b Most reports put the cost of X-Men: Days of Future Past at around $200 million,[182][183] but The Wall Street Journal gives a precise net figure of $215 million.[184]
  29. ^ a b c Warner Bros. put the production cost of Superman Returns at $223 million, and around $204 million after factoring in tax credits. Some other estimates place the figure higher, but these higher numbers include the development costs of earlier aborted projects, taking the total figure to $263 million.[68] Warner later stated it cost $209 million,[240] although the film's director Bryan Singer maintains that the approved budget was $184.5 million, and it eventually came in at $204 million: "So the hard, honest number is $204 million."[69]
  30. ^ a b Financial documents filed in New Zealand show that production costs on The Hobbit trilogy totaled $745 million through March 2014 against a $122 million tax rebate.[71]
  31. ^ a b WingNut Films stated that the budget for the three Lord of the Rings films was $260 million, however estimates of the cost during production varied from $270 million to $360 million, none of which were confirmed or denied by WingNut.[74] Other estimates put the final cost at $281 million and $285 million.[249][250][9]
  32. ^ a b The Matrix Reloaded and The Matrix Revolutions were produced together at a reported cost of $127 million[243][244][245] and $110 million[246] respectively for a combined total of $237 million. Some reports put the combined cost of the production at $300 million.[247][248]
  33. ^ Summit Entertainment projected a total cost of $263 million for both parts, with $127.5 million to be spent on the first part, and the second costing $136.2 million.[78] After tax rebates, Part 1 cost $110 million,[79] and Part 2 cost $120 million.[80]
  34. ^ The $100 million figure, based on Soviet statements, appeared frequently in the U.S. press in 1968, when War and Peace was released in the country. The New York Times reported it was "the most expensive film ever made... Russians say cost $100 million."[82] New York Magazine asserted that "what the Russians estimate to be the equivalent of $100 million"[83] was invested in making it. Other, conflicting estimates were issued by the Soviets to news outlets in other countries (see War and Peace (film series) § Budget). Yet, the protocols of the Soviet State Committee for Cinematography from 25 August 1964 record a meeting of the agency's directors in which a final budget of 8.5 million Soviet ruble was approved for the series; it included all expenses to be made, including 2.51 million to cover those of the Soviet Ministry of Defense, which supplied thousands of soldiers as extras and other assistance.[84] According to the producers' financial statements, compiled after the work on the series was completed in August 1967, the total cost of the film came to 8,291,712 Soviet ruble[85]—or $9,213,013 with the 1967 0.9 ruble = $1 exchange rate.[86] It is technically impossible to adjust the ruble for inflation since the Soviet Union did not formally acknowledge it; instead, the USSR would periodically reprice everything from goods to labour to services. Inflation is usually measured in Western free market economies using a price index such as the consumer price index, but no such measure existed in the case of the Soviet Union. However, it is possible to measure the increase in average annual earnings in the Soviet Union and there is typically a strong correlation between average earnings and inflation.[87] In 1965 the average annual wage in the Soviet Union was 1,158 Soviet rubles,[88] and in October 2021 the average monthly salary in Russia was 54,649 Russian rubles (the Russian ruble replaced the Soviet ruble in Russia after the fall of the Soviet Union), amounting to approximately 655,788 rubles per year.[89] This puts salary inflation at over 57,000% (if the 1998 redenomination of the ruble is factored in, but if not then the true inflation level is 1,000 times higher at 57,000,000%). Applying this rate of inflation to the original cost (8,291,712 rubles) of War and Peace would yield an approximate amount of 4.7 billion Russian rubles. At an exchange rate of approximately 74 rubles to the US dollar,[90] this would be equivalent to about US$64 million in 2021, and considerably less than the $700 million figure that is often reported.[91][92][93]
  35. ^ Metropolis originally cost 5.1 million[94] or 5.3 million[95] Reichsmarks in 1927, depending on the source, equivalent to $1.2–1.3 million at a conversion rate of US$1 = RM 4.2080.[96] Calculating the effects of inflation is complicated, since Germany has undergone two currency conversions since Metropolis was produced. As part of the Marshall Plan following World War II, the Deutsche Mark replaced the Reichsmark in 1948 to stave off hyperinflation. However, this was not a simple redenomination exercise: while the Deutsche Mark replaced the Reichsmark at an official rate of DM 1 to RM 10, this only applied to the actual currency, with wages, products and services charged at a rate of DM 1 to RM 1 (see Deutsche Mark: Currency reform of June 1948). This was equivalent to introducing 1000% inflation into the old currency before replacing it. As of 1948, Metropolis would have cost RM 6.2 million adjusted for inflation according to the German consumer price index; redenomination would have inflated that to RM 62 million, which would have been equivalent to DM 6.2 million in the new currency.[97] This only applied to West Germany, but following German reunification, the Deutsche Mark later replaced the East German mark and exchanged at parity. The second redenomination occurred in 1999 when Germany converted to the euro, and this time fully adhered to the conventions of a basic redenomination, with all financial assets exchanged at a rate of DM 1.95583 to €1;[98] at this time, Metropolis would have cost DM 29 million,[97] equivalent to €15 million after conversion. At 2021 prices, it would cost about €20 million,[97] equivalent to US$24 million at an exchange rate of €0.846 to the dollar.[90] Often reported as having cost $200 million at the value of modern money,[99][100] this estimate is clearly in error by a factor of ten; it is most likely that it came about by adjusting the original cost for inflation, converting the German marks to euros, and then converting the euro figure to US dollars. The process probably failed to account for the fact that the original cost was in Reichsmarks and not Deutsche Marks, so must be divided by 10 to get the equivalent Deutsche Mark value.[101] In applying this methodology, the estimate would come down to about $20 million, and more in line with the CPI figure.
  36. ^ a b After Waterworld ballooned from its initial $100 million budget,[237] people involved in the project estimated the final production cost at around $175–180 million,[238] with Kevin Costner—also a producer on the film—confirming it had cost $172 million.[117] Including distribution and marketing the total cost of producing and releasing the film came to $235 million.[239]
  37. ^ a b With top tickets set at an all-time high of $5.50,Cleopatra had amassed as much as $20 million in such guarantees from exhibitors even before its premiere. Fox claimed the film had cost in total $44 million, of which $31,115,000 represented the direct negative cost and the rest distribution, print and advertising expenses. (These figures excluded the more than $5 million spent on the production's abortive British shoot in 1960–61, prior to its relocation to Italy.) By 1966 worldwide rentals had reached $38,042,000 including $23.5 million from the United States.[137]
  38. ^ The production budget for Terminator 3 was initially set at $169–170 million,[159][160] making it the most expensive film ever to be greenlit at the time.[161][162] Budget statements put the final cost of the film at $187 million (or $167 million excluding the production overhead).[158][163]
  39. ^ The official cost of The Amazing Spider-Man is unknown; however, various estimates put its cost at $200 million,[170] $215 million,[172] $220 million,[173] and $230 million.[174]
  40. ^ A knowledgeable source says the first two installments cost $315 million each, and that's with Jackson deferring his fee. A studio source insists that number is wildly inflated and, with significant production rebates from New Zealand, the cost is closer to $200 million a movie.[175]
  41. ^ The Amazing Spider-Man 2 cost over $200 million, with some sources placing the budget at over $250 million.[202]
  42. ^ The figure for Who Framed Roger Rabbit includes the production overhead. Amblin Entertainment and Touchstone Pictures placed the actual expenditure on the film itself at around $50 million,[224] but it is not clear if the figures for the other films on the list include or exclude the overhead. Interest payments on the budget came to $17,105,000 which brought the full financial commitment on production to over $75 million.[223]
  43. ^ a b 20th Century Fox put the official budget of James Cameron's The Abyss (1989) at $43 million;[227] however, some estimates place the true cost as high as $70 million, which would have made it the most expensive film made up to that point.[228]
  44. ^ Estimates put the budget for True Lies between $100 million[235][236] and $120 million,[112] but either way it was still the first film to cost over $100 million.[234]

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External links

list, most, expensive, films, secretive, nature, hollywood, accounting, clear, which, film, most, expensive, film, ever, made, star, wars, force, awakens, officially, holds, record, with, budget, million, although, possible, that, avatar, water, costs, more, p. Due to the secretive nature of Hollywood accounting it is not clear which film is the most expensive film ever made Star Wars The Force Awakens officially holds the record with a net budget of 447 million although it is possible that Avatar The Way of Water costs more if its price tag is towards the upper end of its reported 350 460 million production costs The third and fourth Avengers films Infinity War and Endgame stand as the most expensive back to back film production with combined production costs of over 1 billion according to one of the directors Ben Hur 1925 was the most expensive film of the silent era possibly holding the record for over twenty years Inflation filming techniques and external market forces affect the economics of film production Costs rose steadily during the silent era with Ben Hur A Tale of the Christ 1925 setting a record that lasted well into the sound era Television had an impact on rising costs in the 1950s and early 1960s as cinema competed with it for audiences culminating in 1963 with Cleopatra despite being the highest earning film of the year Cleopatra did not earn back its costs on its original release The 1990s saw two thresholds crossed with True Lies costing 100 million in 1994 and Titanic costing 200 million in 1997 both directed by James Cameron Since then it has become normal for a tent pole feature from a major film studio to cost over 100 million and an increasing number of films are costing 200 million or more This list contains only films already released to the general public and not films that are still in production or post production as costs can change during the production process Listed below is the net negative cost the costs of the actual filming not including promotional costs i e advertisements commercials posters etc and after accounting for tax subsidies The charts are ordered by budgets that have been independently audited or officially acknowledged by the production companies where they are known most companies will not give a statement on the actual production costs so often only estimates by professional researchers and movie industry writers are available Where budget estimates conflict the productions are charted by lower bound estimates Contents 1 Most expensive productions unadjusted for inflation 2 Most expensive films adjusted for inflation 3 Record holders 4 See also 5 Notes 6 References 7 External linksMost expensive productions unadjusted for inflation EditOnly productions with a net budget of over 200 million in nominal U S dollars are listed here Due to the effects of inflation all of the films on the chart have been produced in the 21st century Most expensive films Rank Title Year Cost est millions Refs and notes1 Star Wars The Force Awakens 2015 447 1 nb 1 2 Jurassic World Fallen Kingdom 2018 432 2 nb 2 3 Star Wars The Rise of Skywalker 2019 416 1 nb 1 4 Pirates of the Caribbean On Stranger Tides 2011 379 3 nb 3 5 Avengers Age of Ultron 2015 365 4 nb 4 6 Avengers Endgame 2019 356 5 nb 5 7 Avatar The Way of Water 2022 350 6 nb 6 8 Fast X 2023 340 7 9 Avengers Infinity War 2018 325 8 nb 5 10 Pirates of the Caribbean At World s End 2007 300 9 10 nb 7 Justice League 2017 300 11 12 13 nb 8 Star Wars The Last Jedi 2017 300 1 nb 1 13 Doctor Strange in the Multiverse of Madness 2022 295 14 Indiana Jones and the Dial of Destiny 2023 295 15 nb 9 15 Mission Impossible Dead Reckoning Part One 2023 291 16 16 Solo A Star Wars Story 2018 271 1 nb 1 17 Jurassic World Dominion 2022 265 2 nb 2 18 John Carter 2012 264 17 nb 10 19 Batman v Superman Dawn of Justice 2016 263 18 nb 11 20 Tangled 2010 260 19 20 21 22 The Lion King 2019 260 23 nb 12 22 Spider Man 3 2007 258 24 23 Beauty and the Beast 2017 255 25 24 Harry Potter and the Half Blood Prince 2009 250 26 27 Furious 7 2015 250 28 29 nb 13 The Fate of the Furious 2017 250 30 nb 14 No Time to Die 2021 250 31 nb 15 Thor Love and Thunder 2022 250 32 Black Panther Wakanda Forever 2022 250 33 Guardians of the Galaxy Vol 3 2023 250 34 The Little Mermaid 2023 250 35 32 Spectre 2015 245 36 37 nb 16 33 Avatar 2009 237 38 nb 17 34 Eternals 2021 236 39 35 Rogue One 2016 232 1 nb 1 36 The Dark Knight Rises 2012 230 40 nb 18 Captain America Civil War 2016 230 18 nb 19 Pirates of the Caribbean Dead Men Tell No Tales 2017 230 41 42 43 39 Maleficent 2014 226 44 nb 20 40 The Chronicles of Narnia Prince Caspian 2008 225 45 The Lone Ranger 2013 225 46 nb 21 Pirates of the Caribbean Dead Man s Chest 2006 225 9 47 nb 7 Man of Steel 2013 225 48 49 nb 22 44 The Avengers 2012 220 50 51 52 53 45 The Hobbit The Desolation of Smaug 2013 217 54 Transformers The Last Knight 2017 217 55 nb 23 47 Men in Black 3 2012 215 56 nb 24 Oz the Great and Powerful 2013 215 57 nb 25 49 X Men The Last Stand 2006 210 58 59 Transformers Age of Extinction 2014 210 60 61 62 51 Battleship 2012 209 63 Dawn of the Planet of the Apes 2014 209 44 nb 26 The Hobbit The Battle of the Five Armies 2014 209 44 nb 27 54 King Kong 2005 207 64 65 66 55 X Men Days of Future Past 2014 205 44 nb 28 Tenet 2020 205 67 57 Superman Returns 2006 204 68 69 nb 29 Most expensive back to back film productions Rank Titles Years Cost est millions Refs and notes1 Avengers Infinity War and Avengers Endgame 2018 19 1 000 70 nb 5 2 The Hobbit trilogy 2012 14 623 71 nb 30 3 Pirates of the Caribbean Dead Man s Chest Pirates of the Caribbean At World s End 2006 07 450 72 nb 7 4 The Hunger Games Mockingjay Part 1 and Part 2 2014 15 300 73 5 The Lord of the Rings trilogy 2001 03 260 74 75 nb 31 6 Harry Potter and the Deathly Hallows Part 1 and Part 2 2010 11 250 76 77 7 The Matrix Reloaded The Matrix Revolutions 2003 237 nb 32 8 The Twilight Saga Breaking Dawn Part 1 and Part 2 2011 12 230 nb 33 Officially acknowledged figure Most expensive films adjusted for inflation EditThe productions listed here have their nominal budgets adjusted for inflation using the United States Consumer Price Index 81 taking the year of release Charts adjusted for inflation are usually ordered differently because they are dependent on the inflation measure used and the original budget estimate The Soviet War and Peace released in four parts across 1966 and 1967 is sometimes cited as the most expensive production ever Soviet claims stating it cost 100 million estimated at nearly 700 million accounting for inflation forty years after its release were circulated in the American press during its showing there However its financial records reveal it cost slightly more than 9 million about 60 70 million in today s money nb 34 Another notable omission is Metropolis the 1927 German film directed by Fritz Lang often erroneously reported as having cost 200 million at the value of modern money Metropolis cost 1 2 1 3 million at the time of its production which would be about 24 million at 2021 prices according to the German consumer price index nb 35 Most expensive films adjusted for inflation Rank Title Year Cost est millions Refs and notesAdjusted Nominal1 Star Wars The Force Awakens 2015 552 447 1 nb 1 2 Jurassic World Fallen Kingdom 2018 503 432 2 nb 2 3 Pirates of the Caribbean On Stranger Tides 2011 492 379 3 nb 3 4 Star Wars The Rise of Skywalker 2019 476 416 1 nb 1 5 Avengers Age of Ultron 2015 451 365 4 nb 4 6 Pirates of the Caribbean At World s End 2007 423 300 9 10 nb 7 7 Avengers Endgame 2019 407 356 5 nb 5 8 Avengers Infinity War 2018 379 325 8 nb 5 9 Avatar The Way of Water 2022 350 350 6 nb 6 10 Fast X 2023 340 340 7 11 Titanic 1997 365 200 111 112 113 12 Spider Man 3 2007 364 258 24 13 Justice League 2017 358 300 11 12 13 nb 8 Star Wars The Last Jedi 2017 358 300 1 nb 1 15 Tangled 2010 349 260 19 20 21 22 16 Harry Potter and the Half Blood Prince 2009 341 250 26 27 17 John Carter 2012 336 264 17 nb 10 18 Waterworld 1995 330 172 117 118 nb 36 19 Pirates of the Caribbean Dead Man s Chest 2006 327 225 9 47 nb 7 20 Avatar 2009 323 237 38 nb 17 21 Batman v Superman Dawn of Justice 2016 321 263 18 nb 11 22 Solo A Star Wars Story 2018 316 271 1 nb 1 23 King Kong 2005 310 207 64 65 66 Spider Man 2 2004 310 200 128 129 25 Furious 7 2015 309 250 29 28 nb 13 26 The Chronicles of Narnia Prince Caspian 2008 306 225 45 27 X Men The Last Stand 2006 305 210 58 59 Beauty and the Beast 2017 304 255 25 29 Spectre 2015 302 245 36 37 nb 16 30 Wild Wild West 1999 299 170 133 134 31 The Fate of the Furious 2017 298 250 30 nb 14 The Lion King 2019 298 260 23 nb 12 33 Cleopatra 1963 297 31 137 nb 37 34 Superman Returns 2006 296 204 68 69 nb 29 35 Indiana Jones and the Dial of Destiny 2023 295 295 15 nb 9 36 The Dark Knight Rises 2012 293 230 40 nb 18 37 Mission Impossible Dead Reckoning Part One 2023 291 291 16 38 Jurassic World Dominion 2022 265 265 2 nb 2 39 The Lone Ranger 2013 283 225 46 nb 21 Man of Steel 2013 283 225 48 49 nb 22 Rogue One A Star Wars Story 2016 283 232 1 nb 1 42 The Avengers 2012 280 220 50 51 52 53 Captain America Civil War 2016 280 230 18 nb 19 44 Maleficent 2014 279 226 44 nb 20 45 Pirates of the Caribbean Dead Men Tell No Tales 2017 275 230 41 42 43 46 Men in Black 3 2012 274 215 56 nb 24 47 Transformers Revenge of the Fallen 2009 273 200 144 2012 2009 273 200 145 Terminator Salvation 2009 273 200 146 147 The Hobbit The Desolation of Smaug 2013 273 217 54 51 Quantum of Solace 2008 272 200 148 149 52 Troy 2004 271 175 150 53 Oz the Great and Powerful 2013 270 215 57 nb 25 The Chronicles of Narnia The Lion the Witch and the Wardrobe 2005 270 180 152 153 154 No Time to Die 2021 270 250 31 nb 15 56 Toy Story 3 2010 268 200 156 157 57 Battleship 2012 266 209 63 Terminator 3 Rise of the Machines 2003 266 167 158 nb 38 59 Green Lantern 2011 260 200 164 165 166 Cars 2 2011 260 200 167 168 169 Transformers Age of Extinction 2014 260 210 60 61 62 62 Transformers The Last Knight 2017 259 217 55 nb 23 63 Dawn of the Planet of the Apes 2014 258 209 44 nb 26 The Hobbit The Battle of the Five Armies 2014 258 209 44 nb 27 65 The Amazing Spider Man 2012 255 200 170 171 nb 39 The Hobbit An Unexpected Journey 2012 255 200 175 nb 40 67 The Golden Compass 2007 254 180 176 177 Transformers Dark of the Moon 2011 254 195 178 179 180 181 69 X Men Days of Future Past 2014 253 205 44 nb 28 70 Armageddon 1998 251 140 185 186 Indiana Jones and the Kingdom of the Crystal Skull 2008 251 185 187 188 189 The Dark Knight 2008 251 185 47 190 191 Iron Man 3 2013 251 200 192 193 194 Monsters University 2013 251 200 54 75 Thor Love and Thunder 2022 250 250 32 Black Panther Wakanda Forever 2022 250 250 33 Guardians of the Galaxy Vol 3 2023 250 250 34 The Little Mermaid 2023 250 250 35 n a Van Helsing 2004 248 160 195 196 197 The Polar Express 2004 248 160 198 199 n a The Amazing Spider Man 2 2014 247 200 200 201 nb 41 Exodus Gods and Kings 2014 247 200 44 Evan Almighty 2007 247 175 203 204 205 n a WALL E 2008 245 180 206 207 n a Superman 1978 245 249 55 208 209 Officially acknowledged figure Record holders Edit Foolish Wives was the first film to have a 1 million budget Throughout the silent era the cost of film making grew steadily as films became longer and more ambitious and the techniques and equipment became more sophisticated 210 It is not known for certain which was the first film to cost 1 million or more to produce and several myths have grown over time D W Griffith s Intolerance 1916 was reputed to have cost 2 million but accounts show that it only cost 385 906 77 211 additionally A Daughter of the Gods 1916 was advertised as costing a million dollars but Variety estimated its true cost at 850 000 137 The first film that is confirmed to have had a 1 million budget is Foolish Wives 1922 with the studio advertising it as The First Real Million Dollar Picture 112 The most expensive film of the silent era was Ben Hur A Tale of the Christ 1925 137 costing about 4 million twenty five times the 160 000 average cost of an MGM feature 210 It is unclear which sound era production superseded it as the most expensive film although this is commonly attributed to Hell s Angels 1930 directed by Howard Hughes the accounts for Hell s Angels show it cost 2 8 million but Hughes publicised it as costing 4 million selling it to the media as the most expensive film ever made 212 The first film to seriously challenge the record was Gone with the Wind reported to have cost about 3 9 4 25 million 137 although sources from the time state that Ben Hur and erroneously Hell s Angels cost more 213 Ben Hur was definitively displaced at the top of the chart by Duel in the Sun in 1946 The 1950s saw costs rapidly escalate as cinema competed with television for audiences 214 culminating with some hugely expensive epics in the 1960s that failed to recoup their costs 137 A prominent example of this trend was Cleopatra 1963 which lost money on its initial release despite being the highest grossing film of the year 215 Since the 1990s film budgets have once again seen a dramatic increase as the use of computer generated imagery CGI has become commonplace in big budget features 216 Timeline of the most expensive million dollar films Year Production Cost est millions Refs and notes1922 Foolish Wives 1 104 112 1922 When Knighthood Was in Flower 1 5 210 1923 The Ten Commandments 1 476 217 1925 Ben Hur 3 967 218 219 1939 Gone with the Wind 3 9 4 25 137 1946 Duel in the Sun 5 255 137 1947 Forever Amber 6 375 137 1951 Quo Vadis 7 623 137 1956 The Ten Commandments 13 272 217 1959 Ben Hur 15 175 137 1962 Mutiny on the Bounty 19 220 221 1963 Cleopatra 31 115 137 nb 37 1978 Superman 55 208 209 1988 Rambo III 58 63 137 222 Who Framed Roger Rabbit 58 166 223 nb 42 1990 Total Recall 50 60 225 226 nb 43 Die Hard 2 62 70 229 224 nb 43 1991 Terminator 2 Judgment Day 94 230 231 232 1994 True Lies 100 233 234 nb 44 1995 Waterworld 172 117 118 nb 36 1997 Titanic 200 111 112 113 2005 King Kong 207 64 65 66 2006 X Men The Last Stand 210 58 59 Superman Returns 204 68 69 nb 29 Pirates of the Caribbean Dead Man s Chest 225 9 47 2007 Spider Man 3 258 24 Pirates of the Caribbean At World s End 300 9 10 2011 Pirates of the Caribbean On Stranger Tides 379 3 nb 3 2015 Star Wars The Force Awakens 447 1 nb 1 Timeline of the most expensive back to back film productions Year Production Cost est millions Refs and notes1990 Back to the Future Part II and Part III 1989 1990 80 242 2003 The Matrix Reloaded The Matrix Revolutions 237 nb 32 The Lord of the Rings trilogy 2001 2003 260 74 75 nb 31 2007 Pirates of the Caribbean Dead Man s Chest 2006 Pirates of the Caribbean At World s End 2007 450 72 nb 7 2014 The Hobbit trilogy 2012 2014 623 71 nb 30 2019 Avengers Infinity War 2018 Avengers Endgame 2019 1 000 70 nb 5 Officially acknowledged figure The figure given is the cost of a multi film production where the films are produced simultaneously See also EditFilm finance List of biggest box office bombs List of highest grossing filmsNotes Edit a b c d e f g h i j k Financial statements filed in the United Kingdom reveal the full audited net production costs for the following Star Wars films 1 The Force Awakens 446 6 million 533 2 million before applying the tax credit Variety previously reported the cost of the film as 306 million including a 47 4 million rebate but Disney had not submitted all of the accounts to HM Revenue and Customs at this point 241 Rogue One 232 4 million 280 2 million before applying the tax credit The Last Jedi 300 million 362 6 million before applying the tax credit Solo A Star Wars Story 270 8 million 330 4 million before applying the tax credit The Rise of Skywalker 416 1 million 503 6 million before applying the tax credit a b c d Financial statements filed in the United Kingdom reveal the full audited net production costs for the following Jurassic World films 2 Fallen Kingdom 431 6 million 516 1 million before applying the tax credit Dominion 264 5 million 328 6 million before applying the tax credit a b c Financial statements filed in the United Kingdom show that production costs for Pirates of the Caribbean On Stranger Tides totaled 410 6 million between October 2009 and April 2013 offset by a tax rebate of 32 1 million 3 a b Disney spent 444 million on Avengers Age of Ultron but 79 million of this was offset by payments from the UK tax authority 4 102 a b c d e f The third and fourth films in the Avengers series Infinity War 2018 and Endgame 2019 were filmed back to back as a joint production so it is not known exactly how much each film on its own cost In an interview with Victoria Alonso executive vice president of physical production for Marvel Studios The Hollywood Reporter placed the budget for Infinity War at upwards of 300 million 103 Deadline Hollywood estimated the cost of Infinity War at 325 million 8 and the cost of Endgame at 356 million 5 for a combined cost of 681 million Other figures from official sources suggest that Deadline has under estimated the cost of the productions Publicly available financial statements filed to HM Revenue and Customs for Assembled Productions III the United Kingdom registered company that Disney created for the purpose of qualifying for a tax credit show that between 2017 and 2022 the combined expenditure cost of sales on both productions was 247 52 million 2017 104 429 95 million 2018 293 45 million 2019 28 09 million 2020 3 90 million 2021 3 43 million 2022 for a total of 1 006 billion before deducting the 34 million tax credit 105 Between June 2016 the start of the accounting period for Assembled Productions III and the end of 2019 the dollar to pound conversion rate fluctuated between 1 20 and 1 43 to 1 106 which would convert the combined budget to a minimum 1 2 billion There is a considerable disparity between the combined cost of the individual Deadline estimates 681 million and the combined cost deduced from the UK tax filings 1 2 billion However in 2023 Joe Russo one of the directors stated in an interview that each of those movies was 500 million plus confirming that the combined costs exceeded 1 billion 70 a b The precise budget of Avatar The Way of Water is vague 107 At the lower end of estimates Variety reported that the film cost 350 million to make 108 whilst Deadline Hollywood has reported that its sources put the production costs at around 460 million 109 The Hollywood Reporter reported the budget as in the 350 million to 400 million range 110 a b c d e f Pirates of the Caribbean Dead Man s Chest and Pirates of the Caribbean At World s End were produced together on a combined budget of 450 million 72 Budget overruns reportedly pushed the final cost of the joint production up to a total of 500 million The individual budget estimates which come to around 525 million conjecture how the overall budget was divided between the two films but many of the costs are indivisible such as the fees for the actors who appeared in both films and would most likely have been contracted for a single fee and the cost of the sets common to both films 24 a b In addition to the original 300 million budget for Justice League a further 70 million was spent on finishing visual effects for the director s cut along with five minutes worth of additional footage 114 a b Deadline Hollywood originally reported that the leaked budget of Indiana Jones and the Dial of Destiny was in the 250 300 million range but later reported that it had learned from a key source that the film had cost more than 300 million to produce 138 IndieWire s estimate was even higher placing the final cost at 350 400 million 139 Even though this has not been confirmed by Lucasfilm 140 financial statements filed in the United Kingdom reveal the audited production expenditure up to the first quarter of 2023 was 294 7 million 15 a b Financial statements filed in the United Kingdom show that production costs for John Carter totaled 306 6 million between 2010 and 2013 offset against a tax rebate of 42 9 million The net budget was 263 7 million a figure consistent with Disney s claim that the film cost around 250 million 17 115 116 a b The budget for Batman v Superman was at least 250 million after rebates and tax incentives with the gross figure as high as 325 million 127 FilmL A estimates the gross budget at 300 million before factoring in an incentive of 37 million a b A source told The Hollywood Reporter that the budget for The Lion King was roughly 250 million 135 although Deadline Hollywood reported the film cost over 260 million 23 The New York Times estimated that the film cost 400 million to produce and market 136 a b The budget for Furious 7 was initially pegged at 190 million 130 However according to Variety the film was completed using previously unseen footage of the late Paul Walker and stand in body doubles which led to the film s budget spiralling up to 250 million 28 This increased was also acknowledged by Deadline Hollywood in its profit analysis report for the film a year after its release 29 a b The budget for The Fate of the Furious was 250 million after taking an incentive of 20 million into account 30 a b In 2019 The Hollywood Reporter estimated the budget of No Time to Die at 250 million 31 but Variety have since published that the film cost 301 million 155 a b Internal memos that were leaked during the Sony Pictures Entertainment hack revealed that the budget for Spectre at the time stood in the mid 300Ms with Sony actively pursuing measures to reduce the expenditure 131 The leaked figure continues to be widely reported by the media but after rebates the production ultimately cost 245 250 million 4 36 37 132 a b Estimates for Avatar s cost have varied considerably with some as high as 500 million 119 The 500 million figure also incorporates the 150 million marketing budget and the costs of developing the necessary 3 D cameras and motion capture technology which were independently financed by private investors and none of which are included in the production cost 120 121 Recent estimates put the production costs at about 310 million although a 15 tax rebate from New Zealand is expected to reduce the final bill by 25 30 million 122 123 which would ultimately put the cost at around 280 million 120 Avatar was initially budgeted at 190 million 124 125 but the studio later acknowledged it cost 237 million after its budget came under intense media scrutiny 38 A further 1 million per minute were spent on the nine minutes of extra footage in Avatar Special Edition 126 a b Expenditure on The Dark Knight Rises is estimated to be about 250 300 million with the cost of production coming down to around 230 million after tax credits 40 a b The budget for Captain America Civil War was 250 million before taking an incentive of 20 million into account 18 a b The budget for Maleficent was 263 million before taking an incentive of 37 million into account 44 a b Studio reps for Disney state the cost of the production was 225 million although other estimates put the film s cost at around 250 million with over 150 million spent on worldwide marketing and distribution 46 a b People close to Warner and the film s production offered slightly different estimates for its final cost ranging between 225 million and 270 million split between the studio and Legendary Pictures LLC 141 a b The studio stated the budget for Transformers The Last Knight was 217 million 55 however FilmL A estimates the gross budget at 260 million before factoring in an incentive of 21 million 30 a b Some estimates put the production budget for Men in Black 3 at nearly 250 million 142 however a 38 million tax rebate from New York is expected to bring the final cost down to about 215 million 143 a b Disney claim that Oz the Great and Powerful cost 215 million 57 although an insider suggests its cost was approximately 235 million 151 a b The budget for Dawn of the Planet of the Apes was 235 million before taking an incentive of 26 4 million into account 44 a b The budget for The Hobbit The Battle of the Five Armies was 250 million before factoring in a tax rebate of 41 million 44 a b Most reports put the cost of X Men Days of Future Past at around 200 million 182 183 but The Wall Street Journal gives a precise net figure of 215 million 184 a b c Warner Bros put the production cost of Superman Returns at 223 million and around 204 million after factoring in tax credits Some other estimates place the figure higher but these higher numbers include the development costs of earlier aborted projects taking the total figure to 263 million 68 Warner later stated it cost 209 million 240 although the film s director Bryan Singer maintains that the approved budget was 184 5 million and it eventually came in at 204 million So the hard honest number is 204 million 69 a b Financial documents filed in New Zealand show that production costs on The Hobbit trilogy totaled 745 million through March 2014 against a 122 million tax rebate 71 a b WingNut Films stated that the budget for the three Lord of the Rings films was 260 million however estimates of the cost during production varied from 270 million to 360 million none of which were confirmed or denied by WingNut 74 Other estimates put the final cost at 281 million and 285 million 249 250 9 a b The Matrix Reloaded and The Matrix Revolutions were produced together at a reported cost of 127 million 243 244 245 and 110 million 246 respectively for a combined total of 237 million Some reports put the combined cost of the production at 300 million 247 248 Summit Entertainment projected a total cost of 263 million for both parts with 127 5 million to be spent on the first part and the second costing 136 2 million 78 After tax rebates Part 1 cost 110 million 79 and Part 2 cost 120 million 80 The 100 million figure based on Soviet statements appeared frequently in the U S press in 1968 when War and Peace was released in the country The New York Times reported it was the most expensive film ever made Russians say cost 100 million 82 New York Magazine asserted that what the Russians estimate to be the equivalent of 100 million 83 was invested in making it Other conflicting estimates were issued by the Soviets to news outlets in other countries see War and Peace film series Budget Yet the protocols of the Soviet State Committee for Cinematography from 25 August 1964 record a meeting of the agency s directors in which a final budget of 8 5 million Soviet ruble was approved for the series it included all expenses to be made including 2 51 million to cover those of the Soviet Ministry of Defense which supplied thousands of soldiers as extras and other assistance 84 According to the producers financial statements compiled after the work on the series was completed in August 1967 the total cost of the film came to 8 291 712 Soviet ruble 85 or 9 213 013 with the 1967 0 9 ruble 1 exchange rate 86 It is technically impossible to adjust the ruble for inflation since the Soviet Union did not formally acknowledge it instead the USSR would periodically reprice everything from goods to labour to services Inflation is usually measured in Western free market economies using a price index such as the consumer price index but no such measure existed in the case of the Soviet Union However it is possible to measure the increase in average annual earnings in the Soviet Union and there is typically a strong correlation between average earnings and inflation 87 In 1965 the average annual wage in the Soviet Union was 1 158 Soviet rubles 88 and in October 2021 the average monthly salary in Russia was 54 649 Russian rubles the Russian ruble replaced the Soviet ruble in Russia after the fall of the Soviet Union amounting to approximately 655 788 rubles per year 89 This puts salary inflation at over 57 000 if the 1998 redenomination of the ruble is factored in but if not then the true inflation level is 1 000 times higher at 57 000 000 Applying this rate of inflation to the original cost 8 291 712 rubles of War and Peace would yield an approximate amount of 4 7 billion Russian rubles At an exchange rate of approximately 74 rubles to the US dollar 90 this would be equivalent to about US 64 million in 2021 and considerably less than the 700 million figure that is often reported 91 92 93 Metropolis originally cost 5 1 million 94 or 5 3 million 95 Reichsmarks in 1927 depending on the source equivalent to 1 2 1 3 million at a conversion rate of US 1 RM 4 2080 96 Calculating the effects of inflation is complicated since Germany has undergone two currency conversions since Metropolis was produced As part of the Marshall Plan following World War II the Deutsche Mark replaced the Reichsmark in 1948 to stave off hyperinflation However this was not a simple redenomination exercise while the Deutsche Mark replaced the Reichsmark at an official rate of DM 1 to RM 10 this only applied to the actual currency with wages products and services charged at a rate of DM 1 to RM 1 see Deutsche Mark Currency reform of June 1948 This was equivalent to introducing 1000 inflation into the old currency before replacing it As of 1948 Metropolis would have cost RM 6 2 million adjusted for inflation according to the German consumer price index redenomination would have inflated that to RM 62 million which would have been equivalent to DM 6 2 million in the new currency 97 This only applied to West Germany but following German reunification the Deutsche Mark later replaced the East German mark and exchanged at parity The second redenomination occurred in 1999 when Germany converted to the euro and this time fully adhered to the conventions of a basic redenomination with all financial assets exchanged at a rate of DM 1 95583 to 1 98 at this time Metropolis would have cost DM 29 million 97 equivalent to 15 million after conversion At 2021 prices it would cost about 20 million 97 equivalent to US 24 million at an exchange rate of 0 846 to the dollar 90 Often reported as having cost 200 million at the value of modern money 99 100 this estimate is clearly in error by a factor of ten it is most likely that it came about by adjusting the original cost for inflation converting the German marks to euros and then converting the euro figure to US dollars The process probably failed to account for the fact that the original cost was in Reichsmarks and not Deutsche Marks so must be divided by 10 to get the equivalent Deutsche Mark value 101 In applying this methodology the estimate would come down to about 20 million and more in line with the CPI figure a b After Waterworld ballooned from its initial 100 million budget 237 people involved in the project estimated the final production cost at around 175 180 million 238 with Kevin Costner also a producer on the film confirming it had cost 172 million 117 Including distribution and marketing the total cost of producing and releasing the film came to 235 million 239 a b With top tickets set at an all time high of 5 50 Cleopatra had amassed as much as 20 million in such guarantees from exhibitors even before its premiere Fox claimed the film had cost in total 44 million of which 31 115 000 represented the direct negative cost and the rest distribution print and advertising expenses These figures excluded the more than 5 million spent on the production s abortive British shoot in 1960 61 prior to its relocation to Italy By 1966 worldwide rentals had reached 38 042 000 including 23 5 million from the United States 137 The production budget for Terminator 3 was initially set at 169 170 million 159 160 making it the most expensive film ever to be greenlit at the time 161 162 Budget statements put the final cost of the film at 187 million or 167 million excluding the production overhead 158 163 The official cost of The Amazing Spider Man is unknown however various estimates put its cost at 200 million 170 215 million 172 220 million 173 and 230 million 174 A knowledgeable source says the first two installments cost 315 million each and that s with Jackson deferring his fee A studio source insists that number is wildly inflated and with significant production rebates from New Zealand the cost is closer to 200 million a movie 175 The Amazing Spider Man 2 cost over 200 million with some sources placing the budget at over 250 million 202 The figure for Who Framed Roger Rabbit includes the production overhead Amblin Entertainment and Touchstone Pictures placed the actual expenditure on the film itself at around 50 million 224 but it is not clear if the figures for the other films on the list include or exclude the overhead Interest payments on the budget came to 17 105 000 which brought the full financial commitment on production to over 75 million 223 a b 20th Century Fox put the official budget of James Cameron s The Abyss 1989 at 43 million 227 however some estimates place the true cost as high as 70 million which would have made it the most expensive film made up to that point 228 Estimates put the budget for True Lies between 100 million 235 236 and 120 million 112 but either way it was still the first film to cost over 100 million 234 References Edit a b c d e f g h i j k l Reid Caroline 26 February 2023 Star Wars The Force Awakens Becomes The Most Expensive Movie Ever Made Forbes Retrieved 2 March 2023 a b c d e Reid Caroline 14 April 2023 Revealed Two Latest Jurassic World Movies Cost 845 Million Forbes Retrieved 4 May 2023 This gave Fallen Kingdom net spending of 431 6 million whilst Dominion s costs came to 264 5 million a b c d Sylt Christian 22 July 2014 Fourth Pirates Of The Caribbean Is Most Expensive Movie Ever With Costs Of 410 Million Forbes Retrieved 7 December 2014 a b c d McDonald Adrian April 2018 2015 Feature Film Study PDF 5 ed FilmL A pp 21 23 Retrieved 1 May 2018 a b c D Alessandro Anthony 27 April 2019 Avengers Endgame To Near Rare Breakeven Point With 1 1B Global Opening Deadline Hollywood Retrieved 28 April 2019 a b Mendez II Moises 16 December 2022 How Much Avatar The Way of Water Cost And How Much It Needs to Make Time Retrieved 18 December 2022 a b Fuster Jeremy Mendelson Scott 5 May 2023 Summer Box Office Preview 10 Questions for What Could Be a Scorching Hot Season TheWrap Retrieved 5 May 2023 a b c D Alessandro Anthony 8 April 2019 Avengers Infinity War Is King Of Marvel Universe For Now No 1 In 2018 Most Valuable Blockbuster Tournament Deadline Hollywood Retrieved 1 March 2021 a b c d e f g Coyle Jake 14 December 2009 From Cleopatra to Lord of the Rings Avatar joins tradition of the Hollywood colossus Los Angeles Times Archived from the original on 17 December 2009 Retrieved 17 December 2009 a b c Waxman Sharon 29 May 2007 Pirates Haul So Far Estimated at 401 Million The New York Times Retrieved 9 December 2009 a b Faughnder Ryan 15 November 2017 Warner s Justice League to test appetite for lesser known DC heroes Los Angeles Times Retrieved 29 November 2017 a b Fritz Ben 19 May 2017 Justice League disappoints Wonder surprises in opening weekend MarketWatch Retrieved 29 November 2017 a b McNary Dave 26 November 2017 Justice League Tops 300 Million at International Box Office Variety Retrieved 29 November 2017 Reid Caroline 1 July 2023 Disney Reveals Doctor Strange 2 Cost 100 Million More Than Its Estimated Budget Forbes Archived from the original on 1 July 2023 Retrieved 3 July 2023 a b c Reid Caroline 8 February 2023 Disney s 300 Million Bet To Tempt Back Cinemagoers Forbes Retrieved 20 May 2023 Ahead of its first quarter earnings release today Disney has revealed that it has shelled out 294 7 million 244 1 million on making the latest instalment in the Indiana Jones series in a bid to tempt movie fans back to cinemas this year a b D Alessandro Anthony Tartaglione Nancy 10 July 2023 Mission Impossible Dead Reckoning Part One To Ignite Franchise Record With 250M Global Opening Box Office Preview Deadline Hollywood Retrieved 10 July 2023 a b c Sylt Christian 22 October 2014 Revealed The 307 Million Cost of Disney s John Carter Forbes Retrieved 7 December 2014 a b c d e McDonald Adrian May 2017 2016 Feature 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31 July 1995 Waterworld Disappointment As Box Office Receipts Lag The New York Times Retrieved 2 May 2014 McClintock Pamela 30 October 2006 Singer s zinger another Superman Variety Retrieved 16 November 2009 McNary Dave 15 June 2016 California Was World s Top Film Production Center in 2015 U K Generated Most Spending Variety Retrieved 5 January 2016 Dutka Elaine 20 November 1989 Back to the Future Filming in Double Time Movies Two sequels to the megahit that took in 358 million at the box office are coming to the present The first opens this week the second is scheduled for summer Los Angeles Times Retrieved 5 December 2014 The Matrix Reloaded Allmovie Rovi Corporation Archived from the original on 25 April 2010 Retrieved 19 February 2010 Raftery Brian M Spalding Rachel Fischer 25 November 2001 Burne Rubber Entertainment Weekly Retrieved 19 February 2010 Hollywood film budgets top 100m BBC News BBC 24 March 2004 Retrieved 19 February 2010 The Matrix Revolutions Allmovie Rovi 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be approaching twice that of the entire Lord of the Rings trilogy which cost 281 million 177 million External links EditThe 30 Most Expensive Movies Ever Made at Business Insider Hollywood s Most Expensive Movies at Forbes Retrieved from https en wikipedia org w index php title List of most expensive films amp oldid 1170909728, wikipedia, wiki, book, books, library,

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