15 Movies That Bankrupted Their Studios
The Golden Compass (2007). Laurie Sparham © 2007 New Line Cinema As the old adage goes, you have to speculate to accumulate. But as several Hollywood executives have discovered—often at great professional cost—is that speculation can also lead to multi-million dollar losses, job cuts, and the ignominy of becoming a laughingstock across Tinseltown. As 15 box office turkeys showed us, sometimes all it takes is one major flop to send a studio down the dreaded path of bankruptcy. 1. It’s A Wonderful Life (1946) Yes, it’s hard to believe. But Frank Capra's five-time Oscar-nominated pictu...