Disney’s Star Wars: The Force Awakens is the most expensive film in history.
The Big Picture The SAG and WGA strikes put a spotlight on just how bad Hollywood is at fairly compensating artists. When it comes to dollars and cents, the American film industry has a practice known as “Hollywood accounting.” This procedure fudges the numbers on even the biggest hit movies to ensure that they’re technically “unprofitable,” ensuring that the studios don’t have to pay off artists involved in making these projects.
Plus, The Force Awakens had some massive production hurdles that undoubtedly boosted its budget. Most notably, Harrison Ford experienced a substantial injury on the film’s set that caused The Force Awakens to shut down for two weeks. That was undoubtedly a costly digression while shooting with so many practical sets and effects didn’t come cheap either. The lengthy global casting process for the feature also had to be a costly venture.
For decades, Hollywood has been prone to exercises in burning money that leave rich executives with lots of yachts but little in the way of lastingly impactful movies. In the 2010s, though, this practice only got more and more excessive as studios tried to adjust to a new status quo suggesting that only tentpoles and brand names were going to work theatrically anymore. Movie stars were out, and flashy visual effects that travel all around the world were in.
How Should Hollywood Handle Their Budgets? Hollywood has always loved a big expensive epic, though the 21st century has seen that love explode into new and dangerous territory. Time Magazine in 2014 pointed out that the $3.5 million budget of Gone with the Wind would be roughly $66 million in 2014 dollars. That’s a sizable investment, but it’s also less than a third of the budgets of the costliest movies of that year like the $210 million budgeted Transformers: Age of Extinction.
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