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'Gods of Egypt' is the first box office bomb of 2016

'Gods of Egypt' is the first box office bomb of 2016

Gods of Egypt 3 Lionsgate

Lionsgate

"Gods of Egypt."

As 20th Century Fox's "Deadpool" continues to dominate the box office, staying number one for a third straight weekend with a strong $4, the real story of the weekend is how badly Lionsgate's new release "Gods of Egypt" performed.

The $140 million-budgeted swords-and-sandals fantasy actioner set in ancient Egypt only scrounged up an estimated $14 million, according to $4, in 3,117 theaters.

The fate of "Gods of Egypt" was set when numbers of its Thursday night preview were released with the movie, starring Gerard Butler and a bunch of other white Europeans playing Egyptians, only taking in $4 (not to mention the $4). It's a bad start for a movie Lionsgate was hoping would at least take in $25-$27 million this weekend.

Though this is certainly the first major box office bomb of the year in the domestic market, Lionsgate may be able to absorb this big body blow.

The movie received a $4 for shooting in Australia, and then adding in foreign pre-sales, Lionsgate was under "10 million risk capital," according to what an $4, on the film's $140 million budget.

triple 9 open road films

Open Road Films

"Triple 9."

But for a studio that just finished up a major franchise with "The Hunger Games" films (spin-offs and prequels are likely on the fast track now) and the on-again-off-again chatter of a $4, a bomb like this isn't good for Lionsgate's profile.

Things weren't much better for the weekend's other big new release, "Triple 9." The heist movie starring Aaron Paul, Woody Harrelson, Casey Affleck, Anthony Mackie, and Kate Winslet had a $5.8 million opening, according to THR.

However, 20th Century Fox is riding high at the moment. Along with "Deadpool" raising up the ranks as one of the highest-grossing R-rated movies of all time (it's now currently$4), their Oscar contender, "The Revenant," is staying steady in theaters as it took in $4 this weekend, for a total domestic gross of $170 million.

$4 of the film's domestic gross has come post-Oscar nominations, the largest bump of any of the Oscar nominees.

We'll see Sunday night if the movie has the same kind of success when it comes to Oscar wins.

NOW WATCH: $4

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