Indie Companies: STX Entertainment–Commercial Flops (Space Between Us, Free State of Jones)

STX Entertainment’s “The Space Between Us” bombed, eking out $3.8 million. That’s far less than the $8 million to $10 million that the studio projected the film would earn in its debut. The science-fiction romance was picked up from Relativity Media after that company fell into bankruptcy. It centers on an intra-planetary relationship that forms between a young man who lives on Mars (Asa Butterfield) and a girl from Earth (Britt Robertson) who captures his heart. STX Entertainment is a relative newcomer to Hollywood, having launched in 2014 with backing from the likes of the venture capital firm TPG and the private equity player Hony Capital.

The studio has scored with “Bad Moms” and “The Gift,” but falling flat with “Free State of Jones,” “Hardcore Henry,” and “The Edge of Seventeen.” “The Space Between Us” cost $30 million to produce — STX says it limited its financial exposure with foreign pre-sales, tax credits, and by taking on outside investors.