- John Travolta’s new mob biopic, “Gotti,” was slaughtered by critics ahead of its opening last weekend.
- The film brought in only $US1.67 million, 40% of which reportedly came from MoviePass, which acquired an equity stake in it earlier this year.
- “Gotti” had a 0% “rotten” rating on the reviews aggregator Rotten Tomatoes as of Monday morning.
John Travolta’s new mob movie, “Gotti,” premiered over the weekend to a poor box-office performance and universal critical panning, and MoviePass appears to be the only thing giving it a semblance of a pulse.
MoviePass invested in “Gotti” in April through its MoviePass Ventures subsidary, which the company created to take equity stakes in movies. MoviePass accounted for 40% of the film’s $US1.67 million opening weekend, or $US668,000, Deadline reported.
“Gotti” is the second movie MoviePass has invested in through MoviePass Ventures. The first was the heist movie “American Animals,” which debuted earlier this month in a limited opening to critical acclaim. “American Animals” stands at a US box office haul of $US760,545, according to Box Office Mojo.
“‘Gotti’ is precisely the type of film we established MoviePass Ventures to support,” MoviePass CEO Mitch Lowe said in a statement in April. “We are helping boost traffic to these theatres for people to see these great films.”
“Gotti” undoubtedly suffered as it went into its opening weekend with a 0% “rotten” rating on the reviews aggregator Rotten Tomatoes.
Many critics did not hold back in their reviews.
“I’d rather wake up next to a severed horse head than ever watch ‘Gotti’ again,” the New York Post critic Johnny Oleksinski wrote in his review.
“That the long-gestating crime drama ‘Gotti’ is a dismal mess comes as no surprise. What does shock is just how multifaceted a dismal mess it is,” Glenn Kenny wrote for The New York Times.
Meanwhile, MoviePass hit 3 million subscribers last week, prompting Ted Farnsworth, the head of its parent company, Helios and Matheson Analytics, to say MoviePass could break even at 5 million subscribers.
But it’s unclear how MoviePass could accomplish that feat, given that it loses money on every additional subscriber, has been burning cash at a rate of over $US20 million a month, and invests in movies that aren’t exactly piling up money.
Business Insider Emails & Alerts
Site highlights each day to your inbox.