With a budget of just over $100 million and tens of millions in global marketing costs, executives at rival studios estimate that the movie will lose upwards of $100 million. Some even project that number could float to more than $125 million. “Mortal Engines” has so far made a paltry $42 million globally. The sci-fi epic came into a crowded marketplace at a competitive time of year, opening against the well-reviewed “Spider-Man: Into the Spider-Verse” and “The Mule,” a Clint Eastwood thriller that had a better start than expected. “Mortal Engines,” on the other hand, launched below estimates, generating just $7.5 million when it debuted in North America.
“This is a true Christmas disaster and a lump of coal for Universal,” said Jeff Bock, an analyst with Exhibitor Relations. “They took a big swing, and they struck out.”
The film still has a few international markets left to open,