In Captain Phillips, Sony Corporation (NYSE:SONY) has an artistic success that's also on the verge of a financial breakout, Fool contributor Tim Beyers says in the following video.
Starring Tom Hanks in an adaptation of the real-life story of former merchant marine Richard Phillips and featuring nominated first-time actor Bakhad Abdi, Box Office Mojo places Captain Phillips primarily in the "Hostage" category alongside such films as Air Force One (1997), Time Warner's Argo (2012), and Twenty-First Century Fox's Speed (1994).
Interestingly, Argo won three of the seven categories in which was nominated last year, including Best Picture. Captain Phillips is up for six Oscars in the following categories:
- Best Picture
- Best Supporting Actor (Barkhad Abdi)
- Best Adapted Screenplay (Billy Ray)
- Best Achievement in Editing
- Best Achievement in Sound
- Best Achievement in Sound Editing
You'd think the buzz would fuel a post-nomination surge. Trouble is, the film opened in early October, three months prior to the Academy's unveiling. Captain Phillips saw only a 1.8% bump at the U.S. box office as a result. Worldwide, the film grossed $217.7 million.
A strong total, Tim says, but also just short of box office profitability. Warner spent an estimated $55 million to produce this contender. Figure another $55 million for marketing and distribution and Captain Phillips needed at least $110 million in gross profit to break even on theater screenings. Instead, after accounting for cinemas' 50% cut, the film appears to have come just shy at $108.9 million. A good showing Sunday might push Captain Phillips -- and backer Sony -- over the top.
Now it's your turn to weigh in. How do you rate Captain Phillips' chances at the Oscars? Did you see the film? Please watch the video to get Tim's full take and then leave a comment to let us know where you stand, and whether you would buy, sell, or short Sony stock at current prices.