Box office bombs are a regular occurrence each and every year, but very few tank so catastrophically that they serve as the catalyst for the demise of an entire studios, with 2007’s The Golden Compass joining the infamous likes of Cutthroat Island, Heaven’s Gate, Titan: A.E., and Battlefield Earth as big budget flops that ended up destroying the company responsible for their creation.
The Philip Pullman adaptation didn’t lose mountainous piles of cash, either, but a box office tally of $372 million on a $180 million budget hammered one of the final nails into the coffin of New Line Cinema as a standalone entity. Less than a year after the lavish fantasy had been released, the once-powerful production company had been absorbed into Warner Bros. as little more than a subsidiary.
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