Guillermo del Toro Confirms Hellboy 3 Probably Won’t Happen
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- July 14, 2014
By Mark Hodge (doddleNEWS)
Guillermo del Toro has revealed that due to the ever shrinking world of big budget cinema, Hellboy 3 will most likely never happen.
The Pacific Rim director, who was taking part in a Reddit AMA, confirmed that while he would love to make the third film, the project has proven "impossible to finance”.
He said: “Well, you know, we don't have that movie on the horizon."
He added: "I think that the first movie made its budget back, and a little bit of profit, but then it was very, very big on video and DVD. The story repeated itself with the second already, it made its money back at the box office, but a small margin of profit in the release of the theatrical print, but was very, very big on DVD and video.
"Sadly now, from a business point of view, all the studios know is that you don’t have that safety net of the DVD and video, so they view the project as dangerous... Creatively, I would love to make it. Creatively. But it is proven almost impossible to finance. Not from MY side, but from the studio side. If I was a multimillionaire, I would finance it myself, but I spend all my money on rubber monsters.”
Another factor, of course, is del Toro’s inability to compromise over budget, something which has delayed his long-in-development horror movie, At The Mountains of Madness. But while it now seems likely that the director will make that film with a more commercially friendly PG-13 rating – and keep the $120 million budget – the fact is, Hellboy’s figures just don’t add up for the Hollywood money men.
And, the Pan’s Labyrinth filmmaker knows that making a comic book adaptation of this type with a smaller budget would be a compromise too far.
However, in fairness to the studio, why would they finance a picture, when its two predecessors struggled to break even at the worldwide box office? Of course if the project cost under $20 million, and could be marketed as an awards contender, then that would be a different story. Unfortunately, when budgets go north of $80 million, then studios want to minimise risk as much as possible.
The Mexican director’s next movie is haunted house drama Crimson Peak, which will be released in October, 2015. He’s also working on Pacific Rim 2 (due April 7, 2017), and sneaking in a small black and white film in between.
Source: Variety
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