fbpx
Connect with us

Film & TV

‘Mat Kilau’ Grosses RM18 Million in 5 Days But Yet To Cover Its 8 Million Budget, Here’s Why

Published

Collage 12 4
Source: IMDB & Kosmo

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

Local movie Mat Kilau has been the talk of the town lately not only for the mastermind behind it but also for how the movie managed to gross RM12 million in just four days!

As of last night (June 28), TGV Cinemas announced that Mat Kilau has grossed RM18 million since its release last Thursday (June 23), making it one of the highest-grossing local movies in its opening week. The production of the movie has a budget of RM8 million and looking at how much the movie currently earns, most of us would have thought that its production costs have been recouped.

290649516 5860882590606763 7426118534224997853 N

However, local actor and singer, Mawi, recently revealed that the movie has yet to break even. In fact, he said that,

“The movie needs to gross about RM20 million during its first week of release to break even.”

Taxes and deals with theatres

40526A68 Ece0 401A 980C Fa0Fd18Dc3Fd

Mawi then explained that the money gained has to go through some places before they even reach the break-even point. So, here’s where the money will flow through first.

  • Entertainment tax

Just like any other local movie, 25% of the money gained has to be forked out for the entertainment tax. For instance, if the movie grosses RM1 million, then an amount of RM250,000 has to be paid to the government.

  • 50/50 split

Other than the tax, the money also will be split as it is a deal made between the theatres and producers of the movie. 

“After paying 25% of the taxes, we’ll have to pay another 50% of the money gained from the movie tickets to theatres,” he added.

Gambar Baru Pawagam

The film has currently made RM 18 million across the country. Therefore, Mat Kilau has not yet reached its RM8 million budget after the entertainment tax of 25% and the 50/50 split with the theatres are subtracted.

Additionally, the split does not end in the first week.

“On the following week, the theaters will take more than 50% of what the movie makes,” Mawi said.

The splitting will take place until the movie is taken down from the movie schedule.

Mv5Bzdywnjnhnmqtnzzlzc00Yzvmlthhmzitnmjiywjjmgfjodqwxkeyxkfqcgdeqxvymjkyotg5Nji@. V1

Mat Kilau is inspired by the epic Malaysian historical figure, Mat Kilau, who had fought against the British colonists in Pahang before independence. If you are interested to watch the movie, do get your tickets quick as they are selling fast, even on weekdays!

 

Also read: Do We Really Need Cut Scenes Or Censorship In Movies For 18 & Above, Like Scream?

Collage 14 3

Source: Bebas News
Source: Kosmo
Source: IMdB


Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.



Just In

My Post 1 72 My Post 1 72
News1 day ago

WATCH: M’sian Coast Guard Heroically Rescues 5 Fishermen Stranded On A Rock In Rough Seas

Five local fishermen who were stranded on Pulau Batu Berantai in Selangor owing to heavy weather, which was 1.4 nautical...

Jellyfish Stings Boy Jellyfish Stings Boy
News2 days ago

5yo French Boy Dies After Jellyfish Sting In Pangkor Island

The sea is a beautiful place to be when the weather is hot. However, we must never forget that other...

Ft Zahid2 Ft Zahid2
News2 days ago

Zahid Hamidi Shows Support To Najib Following Court Decision, Urges UMNO Fans Not To Lose Hope

On August 16, former Prime Minister Datuk Seri Najib Razak had his application to produce new evidence in his final...

E2451Efb 51Dd 40C9 8Cfc 92B81C2E278A E2451Efb 51Dd 40C9 8Cfc 92B81C2E278A
News2 days ago

Johor To Implement 4-And-A-Half Days Of Work Per Week By Year End?

For many decades, humans around the globe have been working on a 5-day work schedule and it wasn’t until the...

Collage 30 Collage 30
News2 days ago

Super Idol Winner & M’sian Singer Eison Chai Found Dead At Train Station In Taiwan

Death often creeps in unexpectedly. Just yesterday (August 17), a Malaysian pop singer based in Taiwan met his demise after...

Pexels Photo 6578754 Pexels Photo 6578754
News3 days ago

JUST IN: First Human-To-Pet-Dog Transmission Of Monkeypox Has Been Confirmed In France

While the world is still battling Covid-19, the sudden outbreak of monkeypox has caused a lot of stress to people...

My Post 1 66 My Post 1 66
News3 days ago

15yo Girl & 3 Male Friends Arrested After They Were Found At Kedah Motel With Used Condoms

A teenage girl was arrested along with three male friends after a motel they were at in Padang Temusu, Kedah,...

Collage Airport Collage Airport
News3 days ago

KLIA & Langkawi International Airport Named Among World’s Best Airports; Netizens Disagree

KL International Airport (KLIA) and the Langkawi International Airport (LGK) have been listed among the world’s best airports for Q2...

Announcement

Latest Videos



TRENDING TODAY