Elden Ring Movie Is Reportedly A $200 Million Gamble For A24

Bringing From Software's Elden Ring to life on the big screen is no small feat, and it won't be cheap. A new report claims the upcoming Alex Garland-directed film has a whopping budget of nearly $200 million, making it the most expensive movie distributor A24 has ever financed.

While that's not an unrealistic sum for a movie of this nature with so much star power, it is a rare move for A24. The Wall Street Journal reported the figure, and if true, Elden Ring's budget will eclipse A24's most expensive movie to date, the $70 million Marty Supreme. Typically, A24 focuses on producing and distributing films with low production costs, allowing the company to make a tidy profit if the movie is a hit.

While these films won't give the Avatar and Avengers franchises any sleepless nights, the formula is sound overall, but not foolproof. Movies are typically expected to make double their production budgets to be considered box office hits, and in the case of Mary Supreme, that flick has a lifetime global gross of $96 million, well below the $140 million it would have needed to be a success story. Of course, video on demand, Blu-ray sales, streaming deals, and even AI training also factor into overall profitability, but theaters are generally seen as where movies make the biggest commercial impact.

In comparison, Backrooms was a massive hit for A24. Filmed on a shoestring budget of $10 million, it went on to gross over $197 million at the global box office this year. Could Elden Ring surpass that sum when it hits theaters in March 2028? Nothing is impossible, as several video game adaptations have done very well over the last couple of years. The catch is that movies like Illumination's Super Mario Bros. films, Sonic the Hedgehog, and A Minecraft Movie were geared toward kids, and with parents in tow, that proved a lucrative demographic to target.

Elden Ring doesn't have an official age rating yet, but it is expected to take aim at older audiences with its dark fantasy setting and mature themes. Details on the movie haven't been revealed yet, but A24 confirmed that Warfare’s Kit Connor will star alongside Alien: Romulus and Civil War actress Cailee Spaeny. Meanwhile, 2026 has seen a few video game adaptations hit the silver screen, but with mixed fortunes. Zach Cregger's Resident Evil adaptation was both a critical and a commercial hit, while Street Fighter has been a box office flop--but at least it can say that it was better received than Return to Silent Hill.