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Despite its reputation for being a monumental flop, Waterworld grossed a respectable $264 million worldwide, signaling a narrative shift in how Hollywood measured success. Though it was viewed through a lens of disappointment, its moderate financial success revealed the changing expectations of global box office revenues, allowing studios to reassess what constituted failure.
The Legacy of Waterworld
Waterworld may not have left the monumental impact that its budget implied, but it marked a significant shift in filmmaking and Hollywood practices. It stood as one of the last films to employ massive practical effects amid the rising reliance on CGI technology, which was about to dominate the industry.