Ferrari has experienced a crushing defeat during its opening week at the box office. The new movie from director Michael Mann stars Adam Driver as Enzo Ferrari, following the entrepreneur’s attempt to stave off bankruptcy by entering a team into the 1957 Mille Miglia race. The ensemble cast of the movie also includes Penélope Cruz, Shailene Woodley, Sarah Gadon, Gabriel Leone, Jack O’Connell, and Patrick Dempsey.
Per Deadline, the Ferrari release, which began on Christmas day, has closed out the week with a 4-day domestic total of $6.8 million. This places it at No. 9 on the domestic chart, behind all six of the other major wide releases that premiered over the holiday weekend as well as two holdover releases, Wonka and The Hunger Games: The Ballad of Songbirds and Snakes. This domestic gross represents just a fraction of the movie’s reported $95 million production budget, earning back roughly 7% of that total.
Adam Driver’s Rough 2023 Explained
It remains to be seen if the Ferrari movie can shake off the theatrical doldrums and turn a profit. However, that would be a considerable achievement, considering the fact that it will likely have to earn somewhere in the realm of $190 million to reach the break-even point, based on its budget. That total also doesn’t take into account the fact that Neon paid upward of $15 million for the distribution rights for the movie, which was originally planned to be a Showtime streaming exclusive.
This theatrical performance is also more bad news for Ferrari star Adam Driver. Driver’s 2023 has been challenging, as he opened the year with the science fiction flop 65, in which he played a space pilot who found himself stranded on a dinosaur-ridden Earth 65 million years in the past. That movie earned a Rotten 35% score on Rotten Tomatoes and only made $60.7 million off its $45 million production budget, failing to make a profit.
It remains to be seen if any upcoming Driver projects can reverse his 2023 trajectory after Ferrari. The most high-profile project featuring Driver that has been officially announced is Megalopolis. The upcoming movie, which is a passion project of legendary director Francis Ford Coppola, would have to be a major hit to make a profit off its reported budget of $120 million, but it could nevertheless help raise Driver’s profile as he finds new projects in which to star that could propel his financial prospects further.
Ferrari
Ferrari is a dramatized biopic about Enzo Ferrari, detailing his family problems and his struggle to prepare for the 1957 Mille Miglia. The film stars Adam driver as Enzo Ferrari, alongside Penélope Cruz, Shailene Woodley, and Gabriel Leone. Heat director Michael Mann helms the film and also worked on Ferrari’s script.
- Release Date
- December 25, 2023
- Director
- Adam Driver , Shailene Woodley , Jack O’Connell , Sarah Gadon , Penelope Cruz , Patrick Dempsey
- Cast
- Michael Mann , Brock Yates
- Rating
- Not Yet Rated
- Runtime
- 130 Minutes
- Genres
- Biography , Drama , History
- Writers
- Troy Kennedy-Martin , Michael Mann , Brock Yates
- Budget
- $90 Million
- Studio(s)
- STXfilms , Moto Productions , Forward Pass , Le Grisbi Iervolino & Lady Bacardi Entertainment , Esme Grace Media , Iervolino & Lady Bacardi Entertainment
- Distributor(s)
- Neon , STXfilms
