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Warner Bros feels the heat as it bets on Harry Potter spin-off

SAN Andreas, Pan, Man from U.N.C.L.E — it’s been a year of box office stinkers for Warner Bros. Two movies could save it.

PAN the movie featuring Hugh Jackman, Levi Miller.
PAN the movie featuring Hugh Jackman, Levi Miller.

WARNER Bros Pictures is out this week teasing its next Harry Potter spin-off.

But Fantastic Beasts and Where to Find Them won’t hit theatres until Nov. 18, 2016.

For many at the struggling Hollywood studio, 2016 can’t get here fast enough.

Warner Bros., led by Kevin Tsujihara, has released 26 movies this year and not one has cracked the Top 15.

Dwayne Johnson’s San Andreas, with a box office of $220.6 million, according to Box­OfficeMojo, at No. 16 is Warner’s top movie of 2015.

Universal’s Jurassic World pulled in $927.8 million.

Warner Bros. is No. 3 in studio market share this year — behind Universal and Buena Vista — after finishing in the same spot last year. If its box office doesn’t improve over the next 45 days, it will mark the first time in 12 years it finished No. 3 in consecutive years.

With such a poor performance, Warner’s executive team is feeling the heat, sources tell The Post.

While the studio had communicated to the Street its anticipated weak 2015, it has suffered more than expected with a string of misfires including Pan, which cost $177.9 million and netted just $45.7 million. Last weekend’s Our Brand Is Crisis, about political black ops, a passion project of producer George Clooney and star Sandra Bullock is also tanking, taking in just $4.6 million.

“He doesn’t have the right people around him,” said one source about Tsujihara, who also looks after Warner TV and Warner games, which are doing much better.

The executive, 51, is two-and-a-half years into his tenure, after winning a bake-off between Warner TV boss, Bruce Rosenblum and film boss, Jeff Robinov.

Gal Gadot as Wonder Woman in Batman v Superman: Dawn of Justice.
Gal Gadot as Wonder Woman in Batman v Superman: Dawn of Justice.
Eddie Redmayne stars in Fantastic Beasts and Where to Find Them.
Eddie Redmayne stars in Fantastic Beasts and Where to Find Them.

His “cabinet” includes production head Greg Silverman, marketing and distribution boss Sue Kroll and New Line chief Toby Emmerich.

The trio are said to be concerned for their reputations — even as the company pins its hopes on more Lego movies and JK Rowling adaptations to turn things around in 2016.

The problems this year appear to be widespread, including its marketing.

Some critics point to one flop, Pan, and maintain that the film might have fared better if it was marketed more to children and less toward adults.

Others question clunkers, like Man from U.N.C.L.E. and Horrible Bosses 2 as having subpar marketing efforts.

Movie industry sources say Tsujihara has bent over backwards to be talent-friendly, but that has not helped.

Warner’s most recent bomb landed last weekend with the Bullock/Clooney passion project, Our Brand Is Crisis.

Tsujihara pal Ben Affleck, who won an Oscar for Argo — with Warner’s help — is rumoured to be complaining about his need for a stronger executive sounding board.

Affleck is the star of big Warner hopeful, Superman v Batman, (March 25, 2016), will also star in The Accountant, (October 2016), and is reportedly working on his own stand-alone movie, The Batman.

A rep for the actor denied he has such a beef with the studio.

Warner Bros. spokesperson Dee Dee Myers told The Post in a statement, “It’s been a challenging, transitional year for our Pictures group, but we have full confidence in the management team and feel great about our slate for 2016 and beyond.”

This article originally appeared on New York Post and was reproduced with permission.

Originally published as Warner Bros feels the heat as it bets on Harry Potter spin-off

Original URL: https://www.couriermail.com.au/business/companies/warner-bros-feels-the-heat-as-it-bets-on-harry-potter-spinoff/news-story/c1c652588859d95d8d3d13e904ffc4e7