The New York Times reported Wednesday that the “Wolf of Wall St.” movie lost $2.4 billion during its run at the box office, the largest loss for a film since 2011.
The film, which is a satire about Wall Street, became the third-biggest hit of the year, trailing only “The Big Short” and “American Sniper.”
Its success prompted critics and fans alike to ask, “What happened?”
What’s the true cause of the film’s collapse?
Here’s what you need to know.
The movie, about a Wall Street trader who falls into the arms of a girl who is a Wall St. insider, is a $1.8 billion-budget blockbuster that has become the latest movie to be criticized for its economic underpinnings.
Critics say the film is a cheap shot at the banks and financial services industry.
Some say the movie is sexist and has a lack of critical depth.
“The Wolf Of Wall Street” opened on Wednesday in 1,000 theaters and was expected to become the highest-grossing movie of the summer, with a projected $50 million or more.
It has not met that goal.
Its opening weekend grossed $2,936 million, well below its $6.8 million target, according to Box Office Mojo.
The movie had grossed over $200 million domestically.
Despite the financial woes, many critics and critics alike believe the film, based on an autobiographical novel by the late Wall Street financier Michael Lewis, was a smart, timely take on financial reform.
It also made it easier for Republicans to attack President Donald Trump, who has been critical of the financial sector for years.