It seems by the logic from above unless you have a small market movie that turns into a major success there is no reason to make the movie.
Welcome to Hollywood.
The first
Pirates.
Curse of the Black Pearl was exactly what you described - a most $150 million movie that made a fortune. It made Bruckheimer, Disney and a lot of other people a lot of money.
This is the point where greed kicks in. Like I wrote, the economics of the industry are designed to make a few individuals rich, not companies. Everyone sees a huge hit, everyone wants to even more.
So sequels are designed. But everyone now wants
more than the go the last time. Everyone is convinced that they and they alone are the reason the first movie was a hit. They essentially blackmail the studio - you want Johnny Depp as 'Jack Sparrow' again...how about another castle in France? So the sequel starts costing a lot more money.
But now that the sequel costs a lot more money, which means it will have to
make a lot more money. So the pressure grows to make the movie bigger, louder, more explosions - all the stuff that Hollywood thinks will attract a bigger audience. This, of course, costs money.
So costs go up again, which means the movie has to be "bigger" yet. And costs go up again. No one really starts out to make a movie that costs so much, it just happens. It's a spiral that takes a firm business hand and steady, rational leadership to stop.
And Hollywood has never, ever, been the place for rational people (just look at the politics out here).
The really scary thing is that
At World's End isn't even the worst that's happened. Last year Warner Brothers spent a lot more money on
Superman Returns and that movie absolutely tanked at the box office.
There is a reason every studio in Hollywood - with the exception of Disney - has been sold off and swallowed by a major outside company. Making movies today is a completely irrational business. Thats why its so distressing to see Disney head down the same summer blockbuster business plan that has destroyed all the other studios.
They way of doing business simply doesnt work.
What made the first
Pirates so fun were the characters. Yes, the skeletons and stuff were interesting but it was Jack Sparrow, the monkey, Barabosa but why is the
rum gone that everyone had the fun with.
I would much rather watch Jack Sparrow in a row boat in all his flamboyant best trying to talk his way out of a situation than watch a $50 million of special effects sequence of crabs carrying the Black Pearl over sand dunes.
Good movies dont have to cost $350 million to make. All it takes is a good idea, a good script and talented, hard working people to pull it all together.