The Tom Cruise film Digger could lose $245m as The Social Reckoning also struggles at the box office

Tom Cruise’s latest film Digger is expected to lose around $245m (£185m), Hollywood analysts said, following the film’s continued poor performance in cinemas.

Ticket sales for the satirical black comedy, which stars Cruise as oil magnate Digger Rockwell, dropped about 60% in the film’s second weekend.

It brings Digger’s total box office to around $35m (£26m) worldwide so far. The film is estimated to have cost studio Warner Bros around $280m (£211m) to make and market.

But Cruise said last week, external that he “never thought about movies when I make them [in terms of] opening weekend,” adding that he is instead focused on films that “hopefully translate, last and evolve”.

The film’s size relative to its budget means it could become one of the biggest film flops in Hollywood history.

Digger’s performance is in sharp contrast to the success of IP-driven hits with Cruise in recent years, such as new installments of the Top Gun and Mission: Impossible franchises.

Digger is directed by Alejandro G Iñárritu, best known for films like Birdman, Babel and The Revenant.

Hollywood trade publication Variety said Digger was expected to end its box office run with around $50m (£38m) worldwide.

The film will need around $350m (£264m) to break even, given its budget, marketing costs, the portion of ticket sales that goes to cinemas and the likely spending on an awards season campaign.

However, a spokesperson for Warner Bros pushed back the figure slightly, telling Variety that the film’s break even point was $300m (£227m).

Digger was the last standalone release for the studio before its recent takeover by Paramount.