Skip to comments.Hollywood Squeezes Stars' Pay in Slump
Posted on 04/03/2009 6:36:56 PM PDT by Eric Blair 2084
Hollywood, needing to cut costs in lean times, is starting to say no to its stars.
For years, top movie stars often landed deals paying them a percentage -- sometimes as much as 20% -- of a studio's take of box-office revenues from the first dollar the movie makes, even if it turned out to be a flop that cost the studio millions. As a result, the biggest celebrities broke the $20 million mark. Eddie Murphy got that kind of payday for the flop "Meet Dave," which cost Twentieth Century Fox about $70 million and took in only $11.8 million at the domestic box office.
These "first-dollar gross" deals are hitting the cutting-room floor as studios slash the number of movies they're making. For two new projects, Viacom Inc.'s Paramount Pictures has done away with such deals, even though it has landed top talent. In "Dinner for Schmucks," with Steve Carell, and "Morning Glory," starring Harrison Ford, the actors accepted "back-end" deals, in which they get a portion of the gross, but only after the studio and its financing partners have recouped their costs. The studio also cut a back-end deal with "Dinner" director Jay Roach.
"The days...where the star gets whatever he wants and gets paid through the roof -- those days are over, for everybody," says Eric Gold, a producer and manager who represents top talent including Jim Carrey and Ellen DeGeneres. "You can be the hottest thing in Hollywood, but if the economics don't match it, it doesn't mean anything....The studios are pushing back and they have to play the margins."
(Excerpt) Read more at online.wsj.com ...
They deserve more money than this.
Of course they do. And let them be paid for those activities directly.
There are so many things wrong with that sentence...
They voted for change. What exactly did they think they were going to get?
The feel-good thread of the night. A buddy of mine here in L.A. who works for a certain studio “kinda” leaked out the Jason Statham mystery on how he gets movies (his movies mostly are BO duds) and that his Audi contract is what pays his bills.
Does this mean they will have to hold less parties, snort less cocaine and maybe pay to visit the Bama in D.C.?
There is just something about multi-millionare liberal crybabies crying poormouth that gives me a smile.
Hey, they wanted change and spared no effort to get it. How’s it working out for you, Hollyweirdos?
Time the Hollyweird Zero lovers share the pain instead of preaching to us about it.
Jasons movies do well overseas (actually this is overseas to him). Transporter 3 didn't doo that well here but it did 101 million worldwide, not too shabby.
I know you have a good picture for this thread.
This is definitely Change I can believe in!
Big names, folks, big names. They're selling their second homes, too. Some are quietly being evicted.
It sucks to be cash-starved. And because appearances have to be kept up to get future roles, the millions invested in a manor are desperately needed. So what's a star to do?
The recession is hitting million-dollar sports figures both former and present, also.
Nobody's buying, so their asking prices keep coming down, many being reduced to a sum way under what they paid for the property.
scha·den·freu·de / ˈshädənˌfroidə/ (also Scha·den·freu·de)
n. pleasure derived by someone from another person's misfortune.
I'm not proud of myself for taking pleasure from their relative misery of making only 3 mill instead of 34 mill.
Easy for these failed fathers, mothers, husbands and wives in Hollywood to try to overcompensate by healing the world and making it a "better place". In their mind it makes up for their abject failures as human beings.
This global warning and cure hunger and poverty nonsense is a vehicle to clear their conscience and give their shallow lives some meaning.
They’re all gonna die, just you wait and see!
Ummmmmm, sayyyyyy, what was that ‘PLEDGE’ again, Hollyweird?
As Rahm Emanuel said out of the Saul Alinsky RULES FOR RADICALS playbook....
“Don’t let a good crisis go to waste.”
This is our chance to permanently kill hippie liberal editors and newspapers and lib Hollyweirdos who think that what they do can change the world.
We pay $7 for a ticket plus $20 bucks for popcorn, soda and twizzlers. Just act and entertain us you douchebags.
I trusted you and clicked on your link. Why did you do that to me?
What did I do to you to deserve that?
he does more overseas, but the studio he works for is whining about domestic.
A lot of entertainment stars are no longer keeping homes on both coasts, instead keeping one house and staying at a higher-end hotel or renting an apartment on longer stays on the other coast. For example, Jack Nicholson still lives in those two attached houses in the Bel Air development he bought way back in the 1970’s!
Jack Nicholson is smart. A lot of the old itme actors are people with brains and understand the concept of keeping it in the bank and budgeting wisely.
I’ve always noticed it’s the A-listers that manage their money wisely. I always wondered why.
It’s seems like Brad Pitt and Morticia are the only ones throwing money down the tubes.
Couldn’t have happened to a more deserving group.
First thread that has made me smile in quite a long time!
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