The numbers for 2009 R-rated comedy flop Transylmania are truly frightening.
Per a Hollywood, Esq. write-up by Eriq Gardner, the film garnered a 0% rating on Rotten Tomatoes and a wide release per-screen average of $262. In the end, $22 million in financing delivered around $100,000 in return revenue, so it’s not surprising there is now a lawsuit:
After a meeting in Toronto, the plaintiffs [Third Eye Capital Corporation, Strative Capital] agreed to a loan agreement of $11,745,000 to finance P&A, plus an optional $2 million increase… Then, allegedly came the requests for more money.
In September 2009, the directing team of David and Scott Hillenbrand asked for an additional $2 million, citing competition from another film (Armored), media buy opportunities and the possibility of “huge” network endorsements… In total, during the final six months of 2009, the plaintiffs say they advanced $21,745,000.
Any movie with the tagline – College kids. The other white meat. – seems destined for trouble, whether it was made for $22M or $22K. Adding insult to neck-injury, an accounting autopsy allegedly revealed that some of the monies provided were used to cover traffic tickets, personal credit card bills and unrelated loan repayments.