1:50AM Defamer Hollywood | How’s this for irony? The same week Warner Bros. reestablished its mainstream priorities by dramatically
cutting off Picturehouse and Warner Independent at the knees, the studio opened the summer with one of its biggest bombs in years:
Speed Racer, the
imperially promoted,
poorly received $100 million Wachowskis film that
opened this weekend to $20.2 million — if that. A Defamer operative inside Time Warner sent word Sunday that the studio’s estimate could be overstating its actual gross by as much as $2.5 million, placing it in third place overall behind the relatively well-received
What Happens in Vegas, which Fox is calling at $20 million but is likelier to cap out between $18 and $18.5 million. We’ll know the actual numbers later today, but as explained after the jump, it couldn’t get much more sobering for Warner Bros.
