The film was originally intended for theatrical release in North America ; New Line Cinema initially wanted to release it to coincide with Goldberg 's hosting stint at the Academy Awards that year . New Line ultimately decided that it was in their best interests to release the film direct-to-video . This decision came as a result of failed test screenings in Las Vegas , Memphis , Portland , Maine and Providence . The film 's $ 33.5 million budget made it the most expensive direct-to-video release at that time
Academy Awards
68th Academy Awards
Theodore Rex (film)