“ Borderlands ,” Lionsgate ‘s star-studded video game adaptation, is standing out as one of the biggest bombs at the box office this year. The film budgeted at $115 million earned just $32.9 million globally, a “disaster” for the studio considering the high hopes the studio had to turn into a franchise based on the game series’ huge popularity.
The performance of the film was so poor, Lionsgate could not ignore it during its earnings for the summer quarter. “On ‘Borderlands,’ nearly everything that could go wrong did go wrong,” CEO Jon Feltheimer said in his prepared opening remarks on Thursday. “It sat on the shelf for too long during the pandemic, and reshoots and rising interest rates took it outside the safety zone of our usual strict financial models.
” Feltheimer then noted that Lionsgate’s other releases this quarter also “didn’t live up to either our standards or our projections.” The studio has been on a big losing streak at the box office. Other disappointments this quarter included the remake of “The Crow,” “The Killer’s Game,” and “Never Let Go.
” But “Borderlands” hit especially hard. Lionsgate in its Q2 2025 earnings took a loss of $163.3 million and earnings per share loss of $0.
43, and the studio group also had its motion picture profits fall to just $2.6 million, down from $67.5 million year-over-year.
In fact, CFO James Barge said on the call that the performance of the film “necessitated a revision” of Lio.
