$300 million Brad Pitt F1 movie claim SLAMMED

One of the producers of the upcoming Brad Pitt Formula 1 movie has slammed claims made regarding the production's budget.

The film - recently revealed to be titled 'F1' - has been produced by Joseph Kosinski and its production team includes none other than seven-time world champion and Mercedes superstar Lewis Hamilton.

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After fans were given a sneak peek of the movie during the British Grand Prix, we now know the movie will be released in the summer of 2025, with June 25 pencilled in globally, and June 27 set to see the movie released in North America.

Some reports have claimed the budget for the flick has exceeded 300 million dollars, which would make it one of the most expensive films ever made if true.

F1 movie budget truth

However, in a recent interview, Jerry Bruckheimer, who is producing the film alongside Pitt and Hamilton, slammed those claims, stating they are some way off the actual figure.

“It’s completely, unfortunately, tens of millions of dollars out of whack in the wrong direction, and in the right direction for us,” Bruckheimer explained to Deadline.

“What people don’t realise is, first of all, we’re shooting in rebate, England has a big rebate, lots of Europe has rebates and so does Abu Dhabi. It all lowers the budget.

“Plus, we’ve raised more money for our car [through sponsorship] than some Formula 1 teams. You take that all into consideration and it really drops that number quite a bit lower than what people would think.”

When pushed for an actual figure, Bruckheimer responded: "We can’t give you a number because that’s Apple’s money and they can talk about it,"

"But what I think you can say is it’s quite a bit lower than what’s been reported."

Despite now having a release date, shooting for the movie continued at last weekend's British Grand Prix after the schedule was interrupted by the SAG-AFTRA strike.

Pitt and co-star Damson Idris could be spotted in their fictional race gear throughout the weekend, with the former even making an appearance in an emotional Lando Norris interview.

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