One of A24’s most anticipated projects has broken a studio record, and it’s not even out yet. A24 has cemented itself as a force to be reckoned with when it comes to indie dramas and niche horrors, but it’s entering the video game adaptation genre with Elden Ring.
The Wall Street Journal reports that Elden Ring, director Alex Garland’s adaptation of FromSoftware and George R.R. Martin’s hit video game, has become the studio’s priciest film to date. While the project is still shrouded in secrecy, the report is encouraging as to the adaptation’s scope.
Elden Ring Could Be A24’s Biggest Gamble Yet
“A24 is currently making its most expensive movie to date—an adaptation of the video game Elden Ring scheduled for release in 2028 that costs nearly $200 million, according to people familiar with the matter,” write Wall Street Journal journalists Ben Fritz and John Jurgensen.
A24 has finally entered the blockbuster era recently thanks to Timothée Chalamet’s Marty Supreme, Dakota Johnson’s Materialists, Everything Everywhere All at Once, and Backrooms.
Elden Ring is by far its most ambitious project, with its budget reported to be as high as $200 million, signaling a major shift for A24. Following a 2024 investment from Thrive Capital that valued A24 at approximately $3.5 billion, the studio appears increasingly willing to pursue larger, riskier projects. While A24 is still focusing on smaller-budget fare, blockbusters such as Elden Ring can prove it is able to compete with the major Hollywood companies in an increasingly competitive market.
A24’s previous record for highest-budget film was held by Marty Supreme, which had a budget of between $60 and $70 million. Elden Ring’s $200 million eclipses that significantly, with previous reports from this past July suggesting it would have a budget closer to $100 million. Production began in April 2026, and wrapped on July 30.
A24’s Elden Ring Takes Audiences Throughout The Lands Between
A dungeon in Elden RingImage via FromSoftware
Despite the secrecy surrounding the project, several details about the project have already emerged. There isn’t an official plot synopsis yet, but it is expected to follow the game to some extent. Given the game’s sprawling world and extensive lore, the film adaptation will likely need to streamline its source material.
The adaptation also has an impressive star-studded cast. Heartstopper’s Kit Connor will headline the project and will star alongside Cailee Spaeny, Nick Offerman, Sonoya Mizuno, Ben Whishaw, Tom Burke, Havana Rose Liu, Emma Laird, Ruby Cruz, Peter Serafinowicz, and Jonathan Pryce. Elden Ring has yet to confirm who the actors are playing.
Game of Thrones author George R.R. Martin developed Elden Ring’s mythology and lore, and will be one of the producers alongside Bandai Namco Entertainment, which published the original game. Other than leaked set footage from this past year, A24 is keeping the upcoming adaptation under wraps.
Elden Ring rides into theaters on Mar. 3, 2028.
Release Date
March 3, 2028
Director
Alex Garland
Writers
Alex Garland
Producers
Allon Reich, Andrew Macdonald, George R. R. Martin, Vince Gerardis, Matthew Penry-Davey