Cleopatra (1963): The Epic That Nearly Bankrupted Hollywood.
Arts & Entertainment → Television / Movies
- Author Rino Ingenito
- Published June 19, 2025
- Word count 669
How Lavish Sets, Scandalous Romance, and Studio Excess Changed the Film Industry Forever
Cleopatra (1963) is one of the most ambitious, opulent, and controversial movies in Hollywood history. Originally intended to be a magnificent historical epic, it became one of the most costly and problematic projects ever, almost bankrupting 20th Century Fox. The picture, which starred Elizabeth Taylor in the title character and featured Richard Burton and Rex Harrison, was beset by on-set mishaps, budget overruns, and a scandalous love affair that captured the attention of the whole world. Notwithstanding the mayhem, Cleopatra had a profound effect on Hollywood, changing the way studios handled big-budget productions, deals, and advertising tactics.
The Most Expensive Film Ever Made: Cleopatra’s initial $2 million budget swiftly grew to $44 million, or over $400 million in today’s currency. To recover from the film’s financial catastrophe, 20th Century Fox had to sell off enormous assets, including studio backlots, and eventually turn its attention to television. The scandal led to stricter financial supervision and more frugal expenditure, which altered how studios approved high-budget movies.
The Elizabeth Taylor Effect: Elizabeth Taylor established a new standard for Hollywood salaries when she became the first actress to earn $1 million for a single movie. In addition to fueling tabloid fervor, her on-set romance with Richard Burton changed how studios handled celebrities’ private lives in connection with movie promotion. The uproar unintentionally made Cleopatra a must-see film, demonstrating to Hollywood the value of exposure, even when it was sparked by controversy.
Hollywood’s Shift Toward Blockbusters: Cleopatra’s failure made studios reconsider how they made movies. With the advent of high-concept films in the late 1960s and early 1970s, the period of opulent epics about history came to an end. Cleopatra’s lessons affected movies like Jaws (1975) and Star Wars (1977), where companies prioritized commercial success and viewer appeal above unbridled opulence.
A Troubled Production That Changed Hollywood Practices: Cleopatra was a logistical disaster from the beginning; production delays, rewritten scripts, and a complete shift from England to Italy increased expenses; Elizabeth Taylor’s serious illness caused additional delays, requiring the studio to repeatedly rebuild costly sets; these costly blunders compelled Hollywood to institute more stringent planning and budgeting procedures for forthcoming big-budget productions.
The Studio System’s Wake-Up Call: The financial failure of Cleopatra almost ruined 20th Century Fox. The studio was compelled to sell off property in Los Angeles, including what would eventually become Century City. This transition away from large company-owned sites represented a turning point in the demise of the old Hollywood studio system, which had dominated filmmaking for decades. It became evident that no one picture could be permitted to sink a big studio, leading to increasingly diverse income sources and business models.
Marketing and Scandal: A New Form of Publicity: Despite its financial difficulties, Cleopatra’s marketing strategy established a standard for how Hollywood movies could create buzz; the real-life romance of Elizabeth Taylor and Richard Burton fueled a never-ending stream of headlines, and 20th Century Fox took advantage of this publicity; the concept of using personal scandals to boost box office sales became a standard practice, as evidenced by subsequent high-profile star films.
The Legacy of Cleopatra: Despite its problematic past, Cleopatra is still regarded as a classic, winning four Academy Awards and famous for its spectacular costumes, sets, and performances, but more significantly, it serves as a warning against Hollywood excess that changed the way major studios handled marketing, production logistics, and financial management for all time.
Conclusion: With its problematic production, enormous budget, and tabloid-fueled publicity, Cleopatra (1963) was more than just a film; it was a watershed for Hollywood, changing everything from budgeting procedures to the emergence of contemporary blockbusters. Although it almost put 20th Century Fox out of business, it also taught priceless lessons that influenced the direction of filmmaking, and Hollywood would never be the same.
"If this article stirred something in you, follow for more deep dives into film, culture, and the unseen forces shaping our world." https://medium.com/@rinoingenito04
Rino Ingenito is a film critic and writer with a degree in English literature from Melbourne
University. He has published over 200 movie-related articles on Medium and writes in-depth reviews.
The list includes film retrospectives and cultural commentary published on Medium. Read more at:
https://medium.com/@rinoingenito04
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