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This figure, referred to as the total eligible production expenditures, was explicitly visible on Ohio’s official film subsidy application. While Gunn claims the official "production budget" may be lower—possibly under $300 million after discounts, locations, and other cost reductions—the initial figure coming from the tax credit application strongly points toward a budget potentially over $360 million.
The Financial Reality: Breaking Even Will Be a Challenge
If the production costs are indeed in the $360 million range, Warner Brothers faces a daunting challenge. Superhero movies typically require massive worldwide gross revenues to turn a profit, accounting for marketing, distribution, and other costs.