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Tom Cruise and 'M:I4' -- the new reality of film deals (Dinosaur Media DeathWatch™)
Los Angeles Times ^ | February 15, 2010 | Claudia Eller

Posted on 02/14/2010 3:09:00 PM PST by abb

It's hardly a secret that Tom Cruise is no longer Hollywood's top-gun star.

The 47-year-old boyish-looking actor has had a rough stretch, from an embarrassing jumping episode on Oprah Winfrey's couch to the clunker "Lions for Lambs." Many believe that his controversial career has peaked.

Now, in order to revive his big-screen role as dashing secret agent Ethan Hunt in Paramount's "Mission: Impossible IV," Cruise consented to a deal that would have once been unthinkable: He's forgoing a preferential slice of the movie's ticket sales, the sine qua non of clout in Hollywood.

Cruise will still earn a handsome payday. He will be paid $20 million of his $25-million fee upfront to star in and produce the fourth "Mission" film, which is scheduled to hit theaters Memorial Day weekend 2011.

But he won't collect a hefty "first dollar" cut of box-office receipts that entitles stars to skim a movie's revenues before the studio earns back its huge investment and gets a fee for distributing the film, according to people familiar with the deal. If that seems sensible, it wasn't always the case.

Cruise's pay structure illustrates the "new normal" for Hollywood's A-list actors and filmmakers, who no longer can command the super-rich deals that awarded them swollen payouts on movies even when the studios lost money. With once-reliable DVD sales that propped up movie profits in a swoon, the studios are no longer willing to accept second financial billing to talent.

"Over the last 25 years, agents were getting better and better deals for their clients because the studios were star-dependent," said Jeremy Zimmer, a partner at United Talent Agency. "Now, there's a complete retrenchment where the studios are less star-dependent and making fewer movies, so they're more willing to walk away unless a deal makes sense for them."

snip

(Excerpt) Read more at latimes.com ...


TOPICS: Business/Economy; Culture/Society; Extended News; News/Current Events
KEYWORDS: cruise; dbm; hollywood; movies
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Money's Too Tight (To Mention) Simply Red

I been laid off from work My rent is due My kids all need Brand new shoes

So I went to the bank To see what they could do They said son - looks like bad luck Got-a hold on you

Chorus: Money's too tight to mention I can't get an un-em-ploy-ment ex-ten-sion Money's too tight to mention

1 posted on 02/14/2010 3:09:00 PM PST by abb
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To: 04-Bravo; aimhigh; andyandval; Arizona Carolyn; backhoe; Bahbah; bert; bilhosty; Caipirabob; ...

ping


2 posted on 02/14/2010 3:09:36 PM PST by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: Borges; BurbankKarl

Of interest.


3 posted on 02/14/2010 3:11:29 PM PST by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: abb

“He will be paid $20 million of his $25-million”

Barf...


4 posted on 02/14/2010 3:11:37 PM PST by jessduntno (If Bawney Fwank talks in his sleep, is it considered wetting the bed?)
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To: abb

Cruise’s film career has been controversial?


5 posted on 02/14/2010 3:13:20 PM PST by FTJM
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To: abb

who cares


6 posted on 02/14/2010 3:17:17 PM PST by bobrlbob
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To: abb
Hollywood's A-list actors and filmmakers

Oh, ya mean the Hollywood Fat Cats?

7 posted on 02/14/2010 3:17:37 PM PST by FrdmLvr ("The people will believe what the media tells them they believe." Orwell)
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To: abb

There is a lot of reaearch that A-lists stars have zero impact on the BO. Look at the biggest franchises in recent years. None of them have been star driven.


8 posted on 02/14/2010 3:25:16 PM PST by C19fan
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To: abb

I guess it’s about time for me to see Mission Impossible I, II and III... :-)


9 posted on 02/14/2010 3:26:30 PM PST by Star Traveler (Remember to keep the Messiah of Israel in the One-World Government that we look forward to coming)
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To: abb

Just the move from analogue film to digital recording and distribution; will have a drastic effect on the pay of movie stars.

The film stock for shooting a movie & making thousands of prints costs at least $10 million. Every other expense in movie making and distribution is inflated as a result. A movie needs to draw a huge audience, just to break even. Studios have been willing to pay stars seven figures, in order to “guarantee” a large audience.

With digital recording & distribution, the fixed costs of movie making goes down. Therefore, promotion budgets can be smaller, etc. Therefore, the studio can take a chance on using less famous talent & save tens of millions on pay for stars.


10 posted on 02/14/2010 3:28:46 PM PST by USFRIENDINVICTORIA
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To: abb

11 posted on 02/14/2010 3:29:01 PM PST by martin_fierro (< |:)~)
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To: abb

Its ok for an actor to earn $20 mil but not a banker who’s trying to hold this Country together. Where’s the outrage Premier Hussain?

Pray for America


12 posted on 02/14/2010 3:29:57 PM PST by bray (Throw All the Bums Out, starting with McCain)
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To: abb

His kind of movie just sucks. 12 mercenaries with automatic weapons spraying fire in his direction and MISS. He fires once with his widdle pistol from 200 yards away and HITS. And then you get the gauntlet scene where he runs thru a gauntlet of automatic weapon fire, shooting TWO widdle pistols, one in each hand, and dodging bullets, and hitting targets. And then the explosion in the background where his shockwave blown air speed is faster than the shockwave blown shrapnel speed.

parsy, who gets sick at this kind of movie


13 posted on 02/14/2010 3:30:26 PM PST by parsifal (Abatis: Rubbish in front of a fort, to prevent the rubbish outside from molesting the rubbish inside)
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To: abb

http://newsafternewspapers.blogspot.com/2010/02/earnings-season-newspapers-finish-14th.html
Earnings season: Newspapers finish 14th straight revenue-losing quarter; some intel from Wall Street filings

http://www.homemediamagazine.com/redbox/analyst-sales-window-could-drop-redbox-revenue-50-18453
Analyst: Sales Window Could Drop Redbox Revenue 50%


14 posted on 02/14/2010 3:30:56 PM PST by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: abb

MI3 was pretty good. 2 sucked. 1 was good too.


15 posted on 02/14/2010 3:31:20 PM PST by Feline_AIDS (Boop boop hoop yeah!)
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To: martin_fierro; abb

LMAO!

If you didn’t know the back story ...


16 posted on 02/14/2010 3:32:47 PM PST by maggief
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To: abb

Great tune and apropos for today

http://www.youtube.com/watch?v=8VUZKej3LoU


17 posted on 02/14/2010 3:36:35 PM PST by dennisw (It all comes 'round again --Fairport)
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To: USFRIENDINVICTORIA

inneresting


18 posted on 02/14/2010 3:37:42 PM PST by dennisw (It all comes 'round again --Fairport)
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To: abb

Ill take Tom Cruise over some ot the other hollywierd Idiots any day...


19 posted on 02/14/2010 3:38:23 PM PST by crazydad (What)
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To: abb
All you need to know about Tom:

Tom Cruise Crazy

20 posted on 02/14/2010 3:40:46 PM PST by Salgak (Acme Lasers presents: The Energizer Border: I dare you to try and cross it. . .)
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