Budget: $98-$121 million
Domestic gross: $10 million
Worldwide gross: $18.5 million
Loss (inflation adjusted): $148.5-$200 million
“Cutthroat Island” was supposed to be Carloco Pictures’ saving grace. The production studio had produced smash hits like “Terminator 2: Judgement Day” and “Rocky” but its cash flow had trickled during the mid-90’s. They had to make the movie; if they didn’t bankruptcy was inevitable. If “Cutthroat Island” was a hit, they would be solvent again.
“Cutthroat Island” is a rather terrible pirate movie (check outthe trailer for a taste) plagued with production and budget problems. The director, Renny Harlin, went insane with the budget — accordingto the Independent, Harlin had sets built and taken down, flew in horses from Austria, re-created two full-sized ships at over $1m each (one caught fire), and apparently spent a lot of time “just finding new ways to blow things up,” according to co-star Matthew Modine.
According to the Independent, “the cost of producing, financing, marketing and distributing ‘Cutthroat Island’ totaled $121 million,” while theNew York Times estimated the final tally at a mere $115 million. Carloco Pictures folded shortly thereafter.