Jem & The Holograms Movie Budget is $5 Million

ScienceFiction.com talked to Jason Blum and got a few scoops about the movie and how it came about.

The biggest news is the that budget for Jem & The Holograms is $5 Million.  To put that into prospective,  the Veronica Mars movie had a budget of $6 Million.  The Josie & The Pussycats movie in 2001 had a budget of $39 Million.   Quite a few low budget horror flicks are made for about $5 million, including Blum's recently released Oculus which has made $21 Million at the box office.

What isn't clear is whether $5 million is the final budget with marketing expenses or will just be the production costs. 

This is how Jason Blum described how the Jem movie came about:

So ‘Jem’ is really Jon Chu’s vision 100%. He drove it. He was passionate about it. He did ‘G.I. Joe’ with Hasbro, so he had a relationship with them, and he pitched them on it, but they were on the fence about it. Then I said we’ll do it for $5 million, instead of $30 million, which is what they were thinking. They were doing ‘Ouija’ for $110 million and we were doing it for $5 million. So as financers, they say go for it and then they leave you alone because it’s so little money.”