A24 is reportedly taking a significant risk with its upcoming Elden Ring movie, with a budget of nearly $200 million, according to The Wall Street Journal. This is the most expensive movie the distributor has ever financed, eclipsing its previous most expensive film, Marty Supreme, which had a budget of $70 million. Typically, A24 focuses on producing and distributing low-budget films that can make a tidy profit if successful, but this move suggests the company is willing to take a bigger risk on a high-profile project like Elden Ring.
The movie, directed by Alex Garland, is expected to target older audiences with its dark fantasy setting and mature themes, but it remains to be seen whether it will be a commercial success. The film's budget is a significant investment, and it will need to make at least double its production costs to be considered a box office hit. In comparison, A24's Backrooms movie was made on a shoestring budget of $10 million and went on to gross over $197 million at the global box office, but that film was geared towards a younger demographic.