Elden Ring movie budget reportedly nears $200 million

Key takeaways

• The Wall Street Journal says the film cost close to $200 million, citing unnamed sources; A24 has not publicly confirmed the figure.
• If accurate, that is almost three times A24's previous reported record, the roughly $70 million Marty Supreme.
• The live-action Elden Ring movie is still dated for March 3, 2028, in theaters and IMAX.
• Alex Garland writes and directs. The cast includes Kit Connor, Cailee Spaeny, Ben Whishaw and Nick Offerman.
• When production began in April 2026, The Hollywood Reporter put the budget at over $100 million, so the new figure would be nearly double that.

The Elden Ring movie budget is nearly $200 million, The Wall Street Journal reported, citing unnamed sources. If accurate, Alex Garland's video game adaptation is the most expensive film in A24's history, almost three times its previous reported record.

Elden Ring movie budget: what happened

The budget figure comes from a Wall Street Journal feature on A24's growth, which cited people familiar with the production. The report spread quickly on October 24, 2026. Film news account DiscussingFilm posted the number to X at 19:25 UTC, and Screen Rant, Insider Gaming and World of Reel all published follow-up reports that day, each attributing the figure to the Journal.

"The budget for the 'ELDEN RING' movie is nearly $200M. A24's most expensive movie ever."

— @DiscussingFilm on X, October 24, 2026

None of the follow-up reports include a statement from A24, and the studio has not released an official budget figure. As is standard for leaked production budgets, the number should be treated as reported rather than confirmed.

Elden Ring movie: key facts at a glance

What we know and what we don't know yet

What we know

• A24 has set the film for March 3, 2028, and it is being shot for IMAX, as reported when the cast was announced on April 20, 2026.
• Alex Garland, whose earlier A24 films include Ex Machina and Civil War, wrote the screenplay and directs.
• Reported cast members include Kit Connor, Cailee Spaeny, Ben Whishaw, Nick Offerman, Jonathan Pryce, Tom Burke, Havana Rose Liu, Sonoya Mizuno, Emma Laird and Peter Serafinowicz.
• Set photos and videos from filming in England showed recreations of locations from the game, according to Screen Rant.

What we don't know yet

• A24 has not confirmed the budget, and it is not clear whether the figure covers production only or also includes marketing, which usually adds a large separate cost.
• No trailer, official plot synopsis or character list has been released.
• It is not yet known how costs are split between A24 and its production partners.

Background: from indie studio to blockbuster scale

A24 built its reputation on mid-budget, director-driven films. Its spending has climbed in recent years. Reports put Garland's Civil War at about $50 million, and the Josh Safdie-directed Marty Supreme, starring Timothée Chalamet, at about $70 million. A reported budget of nearly $200 million would put Elden Ring in the same range as major-studio tentpoles.

The source material is FromSoftware's 2022 action role-playing game Elden Ring, directed by Hidetaka Miyazaki and published by Bandai Namco, with world-building by author George R. R. Martin. The game won Game of the Year at The Game Awards 2022. A24 first confirmed the adaptation in 2025, with Garland attached to write and direct.

World of Reel noted that the new figure is nearly double the budget reported when filming began. Using a common industry rule of thumb that a film must gross roughly two and a half times its production budget to break even, it estimated the film may need around $500 million worldwide. That is an outside estimate, not an A24 figure.

What it means

For fans, the reported budget suggests A24 is aiming for large-scale spectacle rather than a small, stylized take on the game. That fits with the IMAX format and the large ensemble cast. For the film industry, it is the clearest sign yet that A24 is willing to take on blockbuster-level risk with a major gaming property, in a market where adaptations such as The Super Mario Bros. Movie and A Minecraft Movie have become some of the highest-grossing releases.

The bigger budget also raises the bar for commercial success. Because the film is more than two years from release, the budget, marketing plan and even the date could still change. Bullquill will update this story if A24 or its partners comment. For related coverage, see our Elden Ring, A24 and Alex Garland topic pages.

Sources

• The Wall Street Journal: A24 feature (original budget report)
• Screen Rant: A24's Elden Ring production budget report (October 24, 2026)
• Insider Gaming: A24's Elden Ring movie costs nearly $200 million (October 24, 2026)
• World of Reel: Alex Garland's Elden Ring now costs around $200M (October 24, 2026)
• Shacknews: Elden Ring movie gets March 2028 release date (April 20, 2026)
• The Hollywood Reporter: Elden Ring live-action movie cast as production begins (April 20, 2026)
• DiscussingFilm on X: budget post (October 24, 2026)