What Were the Most Financially-Savvy Films of 2008?
The American Film Institute just announced their top ten movies of 2008 — a year that in spite of the economic apocalypse that plagued certain industries (can we get a “Big 3”?) seemed recession-proof for Hollywood, proving that it is in fact a magical place. After the jump we decided to break down AFI’s list by the numbers (production budgets vs. award nods) in an effort to uncover the most wallet-friendly critical successes for producers this year. What did we discover? Spending $200 million is definitely the way to go if you’re interested in scoring an MTV Movie Award.
1. Iron Man The investment: There were reports that Jon Favreau’s F/X heavy film cost nearly $190 million to make; lucky for him it turned out to be one of the summer’s biggest hits. The payoff: 1 Grammy Award, 1 MTV Movie Award
2. The Dark Knight The investment: Christopher Nolan spent an estimated $185 million on the Batman sequel, which made nearly the entire thing back in its opening weekend. The payoff: 1 Golden Globe nomination, 1 Grammy Award, 1 Los Angeles Film Critics Association Award
3. WALL-E The investment: This high-concept Pixar flick broke their record for highest production budget at an estimated $180 million. The payoff: 2 Golden Globes, 1 Grammy Award, 1 Los Angeles Film Critics Association Award, 1 National Board of Review Award, 1 New York Film Critics Circle Award
4. The Curious Case of Benjamin Button The investment: David Fincher spent an estimated $150 million thanks to the expensive technology that makes Benjamin look like a 70-year-old baby. The payoff: 5 Golden Globe nominations, 8 Critics’ Choice Award Nominations, Winner National Board of Review Best Director and Best Adapted Screenplay
5. Gran Torino The investment: A cool $35 million, thanks to lots of unknown acting and writing talent involved with the project, and the fact that Clint Eastwood was playing double duty. Bonus points: They scored a big tax rebate for shooting in Michigan. The payoff: 1 Golden Globe nomination, 2 National Board of Review Awards
6. Frost/Nixon The investment: Ron Howard (who’s used to having deeper pockets) was working with a reported $30 million to bring the pedigreed play to the big screen. He allegedly came in both under budget and schedule. The payoff: 5 Golden Globe nominations
7. Milk The investment: Indie darling Gus Van Sant was working with a big studio-sounding budget — $20 million. The payoff: 1 Golden Globe Nomination, 4 Independent Spirit Awards, 1 Los Angeles Film Critics Association Award, 1 National Board of Review Award, 3 New York Film Critics Circle Awards
8. The Wrestler The investment: Darren Aronofsky had to shave $3 million off the project in order to get the reported $6 million he needed to make the film with Mickey Rourke as his lead. The payoff: 3 Golden Globe Nominations, 3 Independent Spirit Awards, 1 Golden Lion
9. Frozen River The investment: Courtney Hunt only had 24 days and “well under a million dollars” to shoot this indie drama; she only received funding after a short version of the film gathered some buzz at the New York Film Festival. The payoff: 1 Gotham Award, 6 Independent Spirit Awards, 2 National Board of Review Awards, 1 New York Film Critic’s Circle Award, 1 Sundance Film Festival Award