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Hollywood Squeezes Stars' Pay in Slump
The Wall Street Journal ^ | April 2, 2009 | LAUREN A.E. SCHUKER

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 ...


TOPICS: Culture/Society; US: California
KEYWORDS: boycotthollywood; culturewar; filmactorsguild; hollyweird; hollywood; hollywoodreds; schadenfreude
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Actors have an important role in helping the environment, getting sheeple to quit smoking.

They deserve more money than this.

Photobucket

1 posted on 04/03/2009 6:36:57 PM PDT by Eric Blair 2084
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To: Eric Blair 2084
Actors have an important role in helping the environment, getting sheeple to quit smoking.
They deserve more money than this.

Of course they do. And let them be paid for those activities directly.

2 posted on 04/03/2009 6:38:47 PM PDT by sionnsar (Iran Azadi | 5yst3m 0wn3d - it's N0t Y0ur5 (SONY) | "Also sprach Telethustra" - NonValueAdded)
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To: Eric Blair 2084
...Eric Gold, a producer and manager who represents top talent including Jim Carrey and Ellen DeGeneres...

There are so many things wrong with that sentence...

3 posted on 04/03/2009 6:41:53 PM PDT by Fintan
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To: Eric Blair 2084
Maybe we should take up a collection.....HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAAAAAAAA...hoo, boy howdy! Suck it up Hollywood b!tches!!

Image and video hosting by TinyPic

4 posted on 04/03/2009 6:45:53 PM PDT by randog (Tap into America!)
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To: randog

5 posted on 04/03/2009 6:46:46 PM PDT by Richard Kimball (We're all criminals. They just haven't figured out what some of us have done yet.)
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To: Eric Blair 2084

They voted for change. What exactly did they think they were going to get?


6 posted on 04/03/2009 6:47:06 PM PDT by chris_bdba
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To: Eric Blair 2084

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.


7 posted on 04/03/2009 6:47:06 PM PDT by max americana
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To: chris_bdba
Hollywood Stars pledging allegiance to 0bama. I can't stand to watch all of it, but I'm sure they're thrilled that the chosen one has gotten rid of their enormous salaries.
8 posted on 04/03/2009 6:51:30 PM PDT by Richard Kimball (We're all criminals. They just haven't figured out what some of us have done yet.)
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To: Eric Blair 2084

Poor babies!

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?


9 posted on 04/03/2009 7:10:09 PM PDT by DakotaRed (Don't you wish you had supported a conservative when you had the chance?)
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To: Eric Blair 2084

Time the Hollyweird Zero lovers share the pain instead of preaching to us about it.


10 posted on 04/03/2009 7:12:24 PM PDT by ExTexasRedhead
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To: max americana
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.

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.

11 posted on 04/03/2009 7:12:34 PM PDT by Oshkalaboomboom
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To: 50mm

I know you have a good picture for this thread.


12 posted on 04/03/2009 7:16:41 PM PDT by pandoraou812 (Don't play leapfrog with a unicorn! ...........^............)
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To: Eric Blair 2084

This is definitely Change I can believe in!


13 posted on 04/03/2009 7:33:42 PM PDT by Cowboy Bob (http://isportsdigest.tripod.com)
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To: Eric Blair 2084
Sporadically, there's a feature on AOL which shows the mansions and the estates, the Malibu Beach homes and the NYC penthouse condos that are up for sale. Every week there's more and more appearing on the market.

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.

Leni

14 posted on 04/03/2009 7:34:50 PM PDT by MinuteGal (FR Regional Convention (southeastern states) 4/25 Orlando....Y'all Invited. Freepmail Me for Info)
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To: DakotaRed
schadenfreude

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.

15 posted on 04/03/2009 7:35:18 PM PDT by Eric Blair 2084 (Alcohol, Tobacco and Firearms shouldn't be a federal agency...it should be a convenience store.)
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To: a fool in paradise

They’re all gonna die, just you wait and see!


16 posted on 04/03/2009 7:37:40 PM PDT by Revolting cat! (Let us prey!)
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To: MinuteGal
Flippin' Sweet.

Cheers!

17 posted on 04/03/2009 7:38:22 PM PDT by grey_whiskers (The opinions are solely those of the author and are subject to change without notice.)
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To: Eric Blair 2084

Ummmmmm, sayyyyyy, what was that ‘PLEDGE’ again, Hollyweird?

http://www.youtube.com/watch?v=XwG5MhVGQ6k

Ha...ha.ha.haaaaaaaa.haaaaaaa!


18 posted on 04/03/2009 7:39:25 PM PDT by RushIsMyTeddyBear ("The smallest minority on earth is the 'individual'." ~ Rush Limbaugh)
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To: MinuteGal

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.


19 posted on 04/03/2009 7:42:43 PM PDT by Eric Blair 2084 (Alcohol, Tobacco and Firearms shouldn't be a federal agency...it should be a convenience store.)
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To: RushIsMyTeddyBear

I trusted you and clicked on your link. Why did you do that to me?

What did I do to you to deserve that?


20 posted on 04/03/2009 7:48:18 PM PDT by Eric Blair 2084 (Alcohol, Tobacco and Firearms shouldn't be a federal agency...it should be a convenience store.)
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