The 1995 film is often seen as one of Hollywood’s legendary bombs (even though it actually made money). The Kevin Reynolds directed pic had a production budget of $175 million, took another $50 million to market, but grossed over $264 million globally ($88 million at the US box office), and then went on to make a killing on home video and other ancillaries. It’s also rather good – an under-rated film.
Waterworld was mauled by the entertainment press because of its budget – even though Universal Pictures knew how much it was going to cost – but they didn’t want to be the first studio to green-light a film with a budget north of $100 million.
Universal Pictures and Syfy are sister companies, who teamed up in 2009 to make Syfy Films. Forbes states that the companies are interested in returning to the world of The Mariner (Costner’s character), for either a lower-budgeted film or a new television series.
This is all in the early stages, but in a time of remakes and prequels, I’d say it is only a matter of time before someone sets sail to Waterworld again.
Keep reading Movies In Focus for all news on Waterworld.
Source: Forbes via NME