A Netflix movie that reportedly cost $320 million has already sunk below a major theatrical flop on the streamer’s U.S. chart. The streaming service, which has a library of acquired тιтles as well, has become well known for its original movies and television shows. They began producing and distributing originals in the early 2010s with series such as House of Cards and Orange is the New Black and have been behind some of the biggest small screen hits of the past 10 years, including Stranger Things, Wednesday, and Bridgerton.

As the streamer grew, so did the production of Netflix movies. In addition to increasing their quanтιтy of original features, they began to produce big-budget тιтles in the late 2010s, with one of their flagship streaming blockbusters being the 2017 Will Smith fantasy drama Bright. Since then, they have produced a number of movies that cost $100 million or more, including the Jennifer Lopez sci-fi epic Atlas, the Eddie Murphy legacy sequel Beverly Hills Cop: Axel F, and the Ryan Gosling spy movie The Gray Man, which was directed by Avengers: Endgame‘s Joe and Anthony Russo.

The Electric State Is Sliding Down Netflix’s Daily U.S. Chart

It Has Only Been Available For One Week

The Electric State is tumbling down Netflix’s U.S. chart after just one week. The new streaming movie stars Millie Bobby Brown as Michelle Greene, a teenager who is searching for her missing brother in an alternate 1990s where humans have waged war with robots. She seeks the help of veteran John D. Keats (Chris Pratt) as well as a team of friendly robots. The reported Electric State budget of $320 million not only makes it the most expensive movie Netflix has ever produced, but one of the most expensive productions of all time.

According to Netflix‘s own daily chart of the Top 10 movies in the United States, The Electric State has sunk below the acquired тιтle Kraven the Hunter, a Sony’s Spider-Man Universe movie that was one of the biggest flops of 2024, earning just $62 million against its roughly $120 million budget. After spending six days at No. 1, the movie fell to No. 3 behind Kraven at No. 2 on March 20. On March 21, it fell even further, landing at No. 5 behind Kraven at No. 3. See the full U.S. Top 10 movies chart for March 21 below:

What This Means For The Electric State

The Risk May Not Have Paid Off

In theaters, The Electric State would most likely have to earn $800 million or more just to turn a profit. Because the movie is a Netflix release, it doesn’t have to worry about theaters keeping half of ticket sales, but it would most likely still need to be worth roughly $480 million in subscriber revenue in order to justify the financial risk. Considering the fact that, just one week in, it cannot compete with the huge 2024 flop Kraven the Hunter, it seems unlikely that it will be able to sustain the amount of momentum needed to hit that milestone.

Source: Netflix