Hollywood Math and Quarter-Billion Dollar "Flops"
The Huffington Post has a really interesting piece on how movies that Hollywood pundits call flops actually make boatloads of money:
Film industry misperception and its perpetuation by the Hollywood press have long gone hand-in-hand.
Part of this is due to a provincial view in Hollywood so limited that it doesn't recognize existence of an area known as "the rest of the world." Part is the Hollywood love of Schadenfreude, German for "taking joy in the failure of others." Part, too, is because Hollywood is made up of freelancers, even at the executive level, always looking over their shoulders, terrified. But most is because of a crushing lack of interest in a bothersome concept known as "Facts."
Consider two movies that the myth of Hollywood perceived into disastrous flops. One is even perceived as a flop of epic proportions.
That would be the second Charlie's Angels. After the massive success of the original film, Charlie's Angels: Full Throttle flopped so horrifically that it literally destroyed the franchise and any thought of future sequels. Right? I mean, right?? But -- well, surprise. The sequel actually grossed a quarter billion dollars around the world! That is only $5 million less than its megahit original.

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