While the number is tiny in comparison to your standard summer movie fare, it’s perfectly adequate for the modestly budgeted War Dogs and Kubo of the Two Strings.
In a summer where even the modest blockbusters have done that much in a weekend, it essentially turns Ben-Hur into a guaranteed money loser right out of the gate.
While the predicted number is fairly good news for a couple of them, it’s really bad news for one of them.
Where $12 million is a problem, is where your product budget was somewhere in the neighborhood of $100 million.