General News

Universal: "Grinch" not profitable

Jun 16, 2001 | 6:41am EDT

How the Grinch Stole Christmas, last year's biggest box office hit with $260 million in the U.S., has yet to make a profit for Universal, the Wall Street Journal reported Friday. The studio, the newspaper said, is still struggling to make expenses that included huge payouts (reportedly 34 percent of the gross) to star Jim Carrey and director Ron Howard--raising questions about the back-end profit guarantees that studios are increasingly willing to extend to top-flight performers and directors.

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