Elden Ring movie's reported $200 million budget would be A24's biggest yet

A live-action Elden Ring film from A24 and director Alex Garland is reportedly carrying a budget of nearly $200 million, according to reporting from the Wall Street Journal cited by IGN.¹² If the figure is accurate, it would make the adaptation the most expensive film A24 has produced by a wide margin.

That number needs the usual qualification: neither A24 nor the filmmakers have publicly confirmed the budget in the material available for this report. The figure comes from sources cited by the Journal, while IGN has used it to put the film's scale in context.¹²

Why the budget matters

A24 built its reputation on distinctive films made for comparatively modest budgets. The reported figure would put Elden Ring close to the territory of major studio blockbusters, rather than simply making it an unusually expensive independent production. IGN compares it with the roughly $70 million reported for Marty Supreme, A24's previous high-water mark, and says the new film would cost almost three times as much.¹

The scale also makes sense of the expectations around the adaptation. Elden Ring is a large fantasy property with a detailed world, extensive environments and a substantial cast. The film stars Kit Connor, Cailee Spaeny, Nick Offerman and Havana Rose Liu, among others, and is being directed by Garland, whose previous work includes Civil War.¹

What we know about the film

The movie is based on FromSoftware's 2022 role-playing game, created with involvement from George R.R. Martin. A24 announced the project in 2025, and production wrapped in July 2026, according to IGN's report.¹ The current expected premiere date is March 3, 2028.

There is still no official trailer or completed publicity image to explain where the reported money has gone. Early production photographs have circulated, but they are not a substitute for an official look at the finished film. That makes the budget claim interesting, not definitive: the final cost could change, and the reported figure may include spending that is not visible on screen.

A $200 million production would nevertheless represent a major gamble for A24. The studio is moving from backing a recognisable game adaptation to financing one of the most ambitious fantasy films in its catalogue. That could give Garland the resources to build a convincing version of the Lands Between, but it also raises the commercial bar considerably.

Our opinion

The striking part is not simply that Elden Ring is expensive; it is that A24 appears to be treating the adaptation as a tentpole rather than a niche experiment. Until the studio confirms the number or releases footage, the safest reading is that this is a serious reported scale of investment, not a promise that the film will automatically work. The first trailer will tell us far more than the budget headline can.