Charlie’s Angels was made on a reported $48 million production budget, which included being shot in exotic locations such as Hamburg, Germany and Istanbul, Turkey. If it opens at $16 million, it would mark a slow start – only earning back one-third of its budget. Movies typically need to make approximately twice their budget in order to turn a profit.
Article source: https://www.cinemablend.com/news/2483131/the-charlies-angels-opening-might-make-less-money-than-we-thought