We’ve got some bad news for Jack Reacher fans. Though Paramount’s feature film adaptation of the popular Lee Child book series character made a respectable $15 million on opening weekend and now stands at just a hair over $70 million for its total domestic gross, apparently the film’s box office performance isn’t likely to warrant the production of a sequel. The Tom Cruise-starrer was developed as a potential franchise given the bounty of Jack Reacher source material in Child’s books, but a new report states that the current $153 million worldwide total gross of director Christopher McQuarrie’s pic is short of Paramount’s benchmark for moving forward with a sequel, and the possibility of a follow-up now hinges on the film’s performance in other international territories. Hit the jump for more details.
Sources tell THR that McQuarrie’s adaptation of the novel One Shot must do “exceptional business in key Asian territories” in order to justify moving forward with another Jack Reacher film. Against a reported budget of $60 million (not counting marketing), the pic’s worldwide total now stands at $153 million. Apparently Paramount says the film must make $250 million worldwide in order to warrant a follow-up, which means the actioner has a ways to go when it opens in the Asian territories.
Cruise has always been a draw in Asian markets and the film stands to make some serious coin when it hits theaters in Japan, China, and Korea, but whether it can manage $100 million or so remains to be seen. If the film does hit the magic number, THR cautions that the studio would still need to negotiate a deal with Cruise that would keep the sequel’s budget at about the same number as the first film. In short, the odds look to be stacked against Jack Reacher 2: More Reaching.
Jack Reacher was in no way a bad film, and McQuarrie showed particular talent in crafting some exciting action and fight sequences, but the pic just didn’t make the waves that Paramount was hoping. We should hear more word on the sequel’s status as Jack Reacher starts opening in the Asian territories, but I wouldn’t hold my breath for a follow-up. Cruise isn’t exactly at a lack of future projects, though, as he and producer J.J. Abrams are developing another Mission: Impossible film with McQuarrie reportedly being eyed for the director’s chair.