According to Paramount Pictures, the Mission: Impossible - Dead Reckoning Part One COVID-19 delays resulted in a hefty insurance premium.
Mission: Impossible: Dead Reckoning Part One secured a $71 million insurance settlement for Paramount Pictures, which helped the action blockbuster's overall earnings.
According to Collider, Paramount recently acknowledged receiving £57 million (about $71 million).
from insurance company Chubb to make up for losses resulting from COVID-19 pandemic-related production delays for the eighth Mission: Impossible film.
The payout follows Paramount's 2021 lawsuit against Chubb, which was later settled in July 2022, for allegedly failing to completely uphold the studio's policy.
The contents of the settlement were not made public at the time, despite the fact that Paramount's most recent payout announcement appears to make them clear.
Given how poorly the film has performed at the box office, Mission: Impossible - Dead Reckoning Part One earning an additional $71 million will undoubtedly make many Paramount execs happy.
The Tom Cruise-starring spy film has so far made $563.8 million in worldwide ticket sales, which is much less than the $600 million it is expected to require to cover production and marketing expenses.