From $65M Budget to $120K Return: The Hollywood Flop That Tanked Careers

From $65M Budget to $120K Return: The Hollywood Flop That Tanked Careers

6 months ago | 5 Views

Consider funding a film through crowdfunding, hiring some of the most well-known actors in Hollywood, spending ten years producing it, and then being unable to finish it because you fell behind on your debt payments and the movie was put up for auction. Ultimately, it turns out to be Hollywood's worst box office failure, returning just 0.2% of its investment. Critics still rank this repulsive cake among the worst movies ever produced, even if you put a cherry on top of it.

Hollywood's largest box office flop

First-time filmmaker Lawrence Kasanoff unveiled a big animated picture called Foodfight! in 2002. The film featured an amazing cast of vocal actors, including well-known character actors Wayne Brady, Larry Miller, and Christopher Lloyd, as well as A-list actors Charlie Sheen, Hilary Duff, and Eva Longoria. Despite having no prior experience in the field, Kasanoff took on the role of director and producer. The initiative received a combined $25 million investment from Threshold, his firm, and the Korean investment firm Natural Image. The remaining funds were obtained through crowdfunding and loans.

However, from the start, the movie had issues with scheduling its production. Initially, Kasanoff stated that hard drives with incomplete materials had been stolen. The movie's team insisted that it never occurred. In the middle of production, the animation style was switched from stop motion to the Looney Tunes-like "squash and stretch." A lot of companies, like Cheetos and M&M's, that had started out as investors withdrew as manufacturing went on. The movie failed to meet its release dates twice, in 2003 and 2005. In 2007, another distribution agreement with Lionsgate fell through as well.

The movie was ultimately auctioned in 2011 for $2.5 million after the producers failed to pay back the loans they had gotten to make it. Fireman's Fund Insurance Company purchased StoryArk at auction and completed the picture "as inexpensively and quickly as possible." In 2012, it was distributed in very few locations before being made available for home media. Consequently, after 10 years and $65 million in production, Foodfight! only made $120,000 in theaters. The biggest net loss in Hollywood history is 99.8%.

The critics gave Foodfight! a harsh review

For Foodfight!, the release only made things worse. Critics thought it was horrible when they evaluated it. Foodfight! was included in Mental Floss's list of "10 Really Bad Movies that Define 'Bad Movies'" and the Daily Telegraph called it "the worst animated children's film ever made." In fact, Collider went further and dubbed it the worst fantasy movie of the 2010s and "the absolute worst [movie] of the 21st century, without any real competition." "By far the crappiest piece of crap I have ever had the misfortune to watch," Kate Valentine wrote in her review for Hollywood News. It has often been included in many lists of the worst movies ever produced.

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