Director Luc Beeson has revealed that his science fiction film, Valerian and the City of a Thousand Planets, has already recouped 96% of its budget in pre-sales.
That’s good news for a film that has been seen by some as a big-budget risk. Beeson told Screen Daily:
Like every film company, we will only greenlight a project if at least 80% of its budget is covered. With ‘Valerian,’ we’ve covered 96% of the budget with pre-sales… The risk to EuropaCorp is 4% of the budget so there’s no actual financial risk.
The risk for the company is more one of notoriety. If the film is a big flop, we’ll lose credibility for making these sorts of films. The risk is not financial, but rather human.
EuropaCorp doesn’t have any real blockbusters under its belt, and its recent outings have been kind of up and down.
Valerian & the City of a Thousand Planets cost $180 million to make and will be released in 140 countries over a three-week period starting on July 21 in China.
The movie is inspired by the graphic-novel series of French writer Pierre Christin and artist Jean-Claude Mézieres. Their intergalactic saga follows the missions of space and time-travelling agent Valerian and his female colleague Laureline, played by Dane DeHaan and Cara Delevingne.