Via Deadline Hollywood which deems the flick a “flop.”

[B]ut Sony Pictures’ White House Down really disappointed in #4, opening a third less than Hollywood expected and ensuring its high cost will make it impossible to earn out.

The Channing Tatum/Jamie Foxx actioner on Friday went from #4 to #3 and then back down to #4 again. At least the two stars did their job and opened the film above $20M even if they were bullied by the broads. Unfortunately FilmDistrict’s earlier release Olympus Has Fallen had a similar plot and scooped up $30.3M opening the weekend of March 22nd. […]

Studio claims budget was $150M with Montreal tax incentives but that’s way too expensive. Problem was all the above-the-line costs: for the two marquee actors plus director Roland Emmerich.

A brief synopsis of the film:

White House Down features Foxx playing the president, a leader whose plan to pull all U.S. troops out of the Middle East is interrupted by right-wing terrorists who attack the White House. Numerous critics said the filmmakers intended Foxx’s character to echo Obama, and director Roland Emmerich routinely portrays right-of-center characters as either fools, cowards or villains.