Big Budget Bombs: Hollywood Needs A New Model

wochit politics
August 19, 2013 AT 6:10 AM
The bigger is better mantra that's been driving Hollywood studios in recent years is no longer working. Many of the summer blockbusters costing $100 million or more have failed at the box office including "The Lone Ranger" and "White House Down." This past weekend "Lee Daniel?s The Butler,? about a White House butler who served eight U.S. Presidents, led at the box office taking in about $25 million, or roughly what it cost to produce.