18 August 2004

Speaking of Tom Cruise, word is that his upcoming Steven Spielberg-helmed adaptation of War of the Worlds is set to become the most expensive movie ever made, with a budget slated to top the $200 million spent on Titanic. Sources also state, rather improbably, that Cruise and Spielberg will each be entitled to 20% of the box office gross, which, by my reckoning, means that the movie would need to gross upwards of $1 billion worldwide to turn a profit for the studio. In other words, it needs to become one of the two or three highest-grossing movies in history just to break even. "Steven wants to make the movie of the decade," notes one source. We'll see....

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