Despite horrible reviews and an estimated loss of $175 million for Universal Pictures for its Japanese samurai epic, “47 Ronin,” the film’s director Carl Rinsch is still holding out hope that one day his boxoffice disaster will become a cult classic. The first-time director believes everyone should hold-off judging “47 Ronin” for at least another ten years to allow its fan base to grow the same way it did for Keanu Reeves’ other cult classics, “Bill and Ted’s Excellent Adventure” and “Point Break.’ ”
“Although I have a better chance to direct traffic as a crossing guard than I do of ever directing another big studio feature after the debacle that is ’47 Ronin,’ I have no regrets,” Rinsch told Hollywood & Swine from his cell in Director Jail, where he was recently incarcerated. “Besides, if it wasn’t for that terrible East Coast storm which trapped moviegoers at home, ’47 Ronin’ probably would have only lost $170 million.”
“47 Ronin” had been a nightmare production for Universal Pictures from the moment it was greenlit, with an out of control budget, the need to reshoot the film’s climatic battle scene, and the studio’s decision to lock Rinsch out of the editing room. Things even got so bad that in late 2012, Universal Pictures President and CEO Ron Meyer was detained by studio security as he attempted to set fire to all of the film’s footage in attempt to collect a $600 million insurance he had taken out on the inevitable boxoffice bomb (Hollywood & Swine, September 21, 2012) .
Director Peter Segal praised Rinsch for his optimistic outlook and admitted he has similar hopes that his recent critical and boxoffice disappointment, “Grudge Match,” a comedy about two senior citizen boxers, starring Sylvester Stallone and Robert De Niro, will also someday become a cult classic.
“I can’t wait for that one day when someone comes up to me and thanks me for making ‘Grudge Match,’ ” Segal said. “I just hope it doesn’t take too long for ‘Grudge Match’ to become a cult classic, otherwise Stallone and De Niro won’t be alive to make a sequel.”