It looks like the movie will find it even harder to compete against the likes of Batman 3, Superman, Spider-Man and The Avengers in 2012 as Sony have apparently decided to cut the budget for the movie! Here are the main points of interest courtesy of The Wrap:
"That film had an estimated budget of $110 million, and grossed $115 million domestically, and a total of $229 million worldwide."
"This time Ashok Armitraj’s Hyde Park Entertainment has stepped in to cofinance the project because Sony has so much capital tied up in 'Spider-Man' and 'Men in Black 3' and 'The Girl With the Dragon Tattoo.'"
"The budget has been cut from $135 million to a leaner $75 million, according to a knowledgeable insider."
"Even Nic Cage had to take a serious haircut to reprise Johnny Blaze, down from his $12 million fee to what one knowledgeable insider said was $7 million."
Written by David Goyer and directed by Mark Neveldine and Brian Taylor, production is set to begin shortly with a release date set for February 17, 2012.
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