Cruise Film 'Digger' Suffers Massive Financial Loss; Netflix Acquires Horror Spec

Alejandro González Iñárritu's latest film, 'Digger,' starring Tom Cruise, has experienced a catastrophic opening weekend, projecting a loss of $245 million for Warner Bros. This financial setback marks a significant disappointment for the studio and the acclaimed actor.

In other industry developments, Netflix has acquired the rights to Brandon Feldman's creature feature spec script, 'Canopy,' a horror-thriller described as being in the vein of 'Apex' and 'Predator.' This acquisition signals continued investment in genre films by the streaming giant, while Sony Pictures Classics has picked up U.S. and international distribution rights for Chase Infiniti’s debut film, 'The Julia Set,' which premiered at the Toronto Film Festival.